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The undersigned Bidder agrees to commence work within 30 days after the date of written <br /> Notice to Proceed, and further agrees to substantially complete the work within 90 consecutive <br /> calendar days after the date of written Notice to Proceed, subject to such extensions of time <br /> allowed by the Conditions of the Contract. <br /> The undersigned Bidder also agrees to complete the entire work within 90 days after the <br /> Contract time commences to run. <br /> The undersigned Bidder agrees that this Bid shall be good and may not be withdrawn for a <br /> period of 90 days after the scheduled closing time for receiving bids. <br /> The undersigned further agrees to forfeit to the Owner, as liquidated damages for each calendar <br /> day elapsing between the date established as the date of final completion and the actual date of <br /> final completion of the contract work, the amount of $2,000.00 per calendar day. <br /> 08/12 00300-2 11-4179 <br />