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INSURANCE RESPONSIBILITY The successful bidder will be responsible for the item(s) and shall properly insure the item(s) during transit and until KVEC accepts the item(s) in writing. CONSIDERATION AND PAYMENT The Contract will set forth the agreed upon price for the item(s) to be paid by KVEC. Payment will be made net thirty (30) days after receipt by KVEC of invoice and completed W-9 IRS Form from the seller. KVEC’s tender of payment by check is sufficient. No charges for shipping, handling, packaging or insurance will be allowed unless stated in the contract. FAILURE TO PROMPTLY EXECUTE CONTRACT If the successful Bidder fails or refuses to sign and deliver the Contract, including the attached proposed contract conditions and the necessary insurance within fifteen (15) calendar days of contract award, KVEC may cancel the award to that Bidder and award to the next lowest responsible and responsive bidder meeting the bid specifications and the original low bidder shall have no recourse against the Agency. DISQUALIFICATION OR TERMINATION If the item(s) to be provided hereunder by Bidder to KVEC exceeds $70,000.00, in total, KVEC reserves the right to disqualify the Bidder or terminate any contract with Bidder, at any time during its term, by written notification to successful Bidder, in accordance with the notification provisions above, in the event it is found that the certification filed by the Bidder during the procurement process was intentionally false or intentionally incomplete or in the event that Bidder engages in an impermissible contact. BID INSTRUCTIONS All blank spaces in the Bid Forms applicable to the Contract for which a Bid is being submitted must be appropriately filled in with ink and with both words and figures, and the Bid must be properly executed. Bids must be submitted by mail, delivery service or personal delivery and received by KVEC by the date and time specified in the Bid Solicitation. Late Bids will not be considered. Bids may not be submitted via fax or email. If the Bid is made by a corporation, the official corporate name shall be given, and the Bid shall be signed by an authorized officer of the corporation, and the corporate seal affixed. If the Bid is made by a partnership, the official name as it appears on the Assumed Name Certificate shall be given and the Bid shall be signed by a partner. If the Bid is made by a sole proprietorship, the Bid shall be signed by the individual owner. MISTAKES/DISCREPANCIES IN BIDS In the event there is a discrepancy in any Bid between unit prices and the extended totals, the unit prices shall govern. In the event there is a discrepancy between the unit or lump sum prices written in figures and those written in words, the unit or lump sum prices written in words shall govern. Bids which do not contain a price for every item contained in the applicable Bid Form (when required) shall be subject to rejection. Unless otherwise required by law, the sole remedy for a mistake in a Bid shall be the withdrawal of such Bid and the return of the Bid security, if any, to such Bidder. KVEC may, in its sole discretion, award the Contract to the next lowest