12 Miss. Code. R. 3-20-600.42 - BID PREPARATION

SUBMITTAL: A bid must be either submitted electronically via MAGIC or physically delivered to the address indicated on the Advertisement for Bids prior to the time and date stated. If physically submitted, only one original of Bid Proposal shall be submitted which should be sealed in an opaque envelope, marked, mailed or hand-delivered, as follows.

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If the Bid is mailed, the bid envelope shall be placed inside a second envelope to prevent inadvertent premature opening of the Proposal.

The sealed envelope should contain:

1. Bid Proposal Form:

2. Bid Security:

a. Bid Security in an amount not less than five percent (5%)

b. Bid Security can be in the form of a certified check made payable to the Bureau of Building, Grounds and Real Property Management. Where bid is to be submitted electronically, certified check must be physically delivered to the address indicated on the Advertisement for Bids prior to the time and date stated.

c. Bid Bond by a Surety licensed in Mississippi in the amount of five percent (5%) of the base bid. The Bid Bond shall be duly executed by the Bidder, a Mississippi Licensed Agent for said Surety approved by the Mississippi Insurance Department OR signed by the Surety AND countersigned by a Mississippi Licensed Agent for said Surety approved by the Mississippi Insurance Department. https://www.mid.ms.gov (No standard form is required for the Bid Bond.) Where bid is to be submitted electronically, a scanned copy of bid bond is acceptable.

d. Power of Attorney dated same as Bond (No Power of Attorney is needed with a certified check.)

3. Non-Resident Bidder = s Preference Law (if applicable).

Notes

12 Miss. Code. R. 3-20-600.42

Adopted 11/25/2016 Amended 3/15/2021