California Code of Regulations › Title 2 - Administration › Division 3 - State Property Operations › Chapter 1 - State Lands Commission › Article 3.5 - Disposal of Royalty Oil, Gas or Other Hydrocarbons › Section 2157 - Submission of Bids

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Bids submitted pursuant to a published notice shall contain
					 the following documents:
(a) Two
				  copies of the bid-form completed, and executed. In the event of a joint bid, or
				  a bid by a partnership, each bidder shall execute the bid-form. The insertion
				  of any additional condition, qualification, or provision on said bid-form will
				  invalidate the bid. In the case of joint bidding, or bidding by a partnership,
				  bid data shall be submitted as required by Section
				  1913, and Section
				  1914, Title 2 of the California
				  Administrative Code. Corporations executing a bid shall submit with the bid
				  evidence of the authority of the officer or officers executing the bid on
				  behalf of the corporation and shall affix the corporate seal upon the signature
				  page of the bid-form.
(b) Each
				  bidder must submit with his bid evidence of qualification to enter a contract
				  as specified in this Section.
(c)
				  Each bid submitted pursuant to this notice shall be accompanied by a certified
				  or cashier's check or checks of a responsible bank in California and made
				  payable to the State of California in an amount to be determined by the
				  Commission before the offering as a deposit as evidence of the bidder's good
				  faith.
(d) Each bidder shall submit
				  with the bid a certified financial statement establishing to the satisfaction
				  of the Commission such bidder's financial ability to undertake and fulfill all
				  obligations under the prospective contract. Said financial statements shall be
				  certified as to their truth and accuracy by each bidder, as a bidder, or by the
				  person by whom or under whose direction the statements were prepared. Said
				  financial statements shall be accurate as of the date of certification, which
				  date shall be not earlier than the date the Notice of Intention herein was
				  first published. Previously prepared financial statements and/or annual reports
				  may be used by bidders provided that (a) such statements and/or reports are
				  certified, as aforesaid, and (b) the bidder submits a certified statement by
				  the bidder or a responsible financial officer of the bidder that there has been
				  no material change in the financial or other condition of the bidder since the
				  date of preparation of said statement and/or report that would impair the
				  bidder's financial ability to undertake and fulfill all obligations of the
				  bidder under the prospective contract. The certification of such financial
				  statement must be signed by the individual or firm by whom the statement was
				  prepared, as well as by the bidder.
(e) Each bidder shall submit with the bid
				  evidence establishing to the satisfaction of the Commission such bidder's
				  ability to take oil at the point of delivery. An agreement providing for the
				  exchange of royalty oil for their oil or hydrocarbons may be submitted as
				  evidence to establish bidder's ability to take royalty oil at the point of
				  delivery.
(f) Each bidder shall
				  also submit with the bid information concerning installation and maintenance of
				  metering facilities, shipping pumps, pipelines, storage, loading facilities, or
				  any other facilities that may be required to facilitate said royalty oil
				  deliveries. The installation of any such facilities shall be only with the
				  prior approval of the State.
(g)
				  Each bidder shall nominate by letter of authority the name and address of a
				  person authorized to give or receive any notice to or from the State Lands
				  Commission with respect to such bidding and to receive refund of sums
				  accompanying an unsuccessful bid. Said letter shall be submitted with the bid
				  and shall be signed by the bidder, and in the case of joint bids shall be
				  signed by each person or other entity joining in said bid. Unless otherwise
				  expressly provided, the person so authorized to receive notice shall, in the
				  case of the successful bidder, be deemed to be the person duly authorized to
				  give and receive notices on behalf of the bidder.