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<br />/' <br /> <br />~ <br /> <br />For each consecutive calendar day that the work remains incomplete <br />after the date established for final completion, the Contractor shall pay <br />City and the City is authorized to retain from the compensation otherwise <br />to be paid to the Contractor the sum of $100.00. This amount is the <br />minimum measure of damages the City will sustain by failure of the <br />Contractor to complete all remedial work, correct deficient work, clean <br />up the project and other miscellaneous tasks as required <br />to complete all work specified. This amount is in addition to the liquidated <br />damages prescribed above, and likewise shall not be construed as a <br />penalty. <br /> <br />The Bidder hereby agrees that the City reseNes the right to waive any bid <br />and to' reject any or all bids, or to accept any bid that in its judgment will <br />be in the best interest of the City. <br /> <br />.. <br /> <br />(Name of Holder) <br /> <br />(Certificate No.) <br /> <br />In witness whereof, the Bidder has hereunto set his signature and affixed <br />his seal this day of AD., 2002. <br /> <br />(Seal) <br /> <br />::," <br /> <br />By: <br /> <br />Title: <br /> <br />23 <br />