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3.50 Failure to Execute Contract <br />Failure on the part of the successful proposer, within the time allowed, to execute the contract of comply <br />with any other requirements -imposed precedent to approval of the contract, shall be considered just cause <br />for cancellation of the award and forfeiture of his or her Proposal Guaranty, not as a penalty, but in <br />liquidation of damages sustained by the city. An award may then be made to the next lowest responsible <br />proposer, or the work may be re -advertised or otherwise performed as the city may decide. <br />3.60 Contract Life <br />The contract, unless terminated as provided for in these specifications, shall be in effect through April 30, <br />2026. <br />16 <br />