22 CAR § 112-326 – Obligations of bidders | Midpage
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22 CAR § 112-326
Obligations of bidders
Arkansas Code § 22-2-108
(a) Each bidder will be presumed to have read and be thoroughly familiar with the plans and contract documents, including all addenda.
(b) Failure to do so is solely at the bidder’s risk.
(c) The failure or omission of any bidder to examine any form, instrument, or document shall in no way relieve the bidder from any obligation in respect to the bid.
(d) Capital improvement projects are not tax exempt.
(e) Failure of the successful bidder to determine the applicable taxes shall not be justification to increase the contract amount.