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D. It is understood that the dollar amounts and quantities specified hereafter <br />are estimates based upon past experiences. However, the actual number of <br />transactions will vary, and the City makes no guarantees regarding minimum <br />or maximum volumes. The Bank should specify the variance allowed from the <br />estimates without changing the bid amount. <br />J.P. Morgan acknowledges the above - mentioned statement. <br />E. The City reserves the right to retain all proposals and prices shall remain firm <br />for a period of at least one hundred and twenty (120) days for examination <br />and comparison. The City reserves the right to waive non - substantial <br />irregularities in any proposal, to reject any or all proposals, and to reject one <br />service category of a proposal and accept another, except to the extent that <br />proposals are qualified by specific limitations by the proposer. <br />J.P. Morgan acknowledges the above - mentioned statement. <br />F. Proposers are encouraged to propose alternatives to the listed requirements <br />that will reduce cost and enhance service. The City will evaluate these <br />alternatives on an individual basis. Alternative services should be listed <br />separately on the Cost /Bid Form. All services listed must be priced even <br />though an alternative service has been proposed. <br />We have provided additional option services as requested in Section 3T: Desired <br />Related Services Not Part of this RFP. Pricing for products and services included <br />in this proposal, including optional services, are included in the attached <br />Comprehensive Fee Sheet. <br />G. Any successful proposer shall be required to pest pledge eligible collateral <br />as required under the California Government Code to <br />Government Code as they relate to depositories of Public funds. 64), of Santa <br />and other applicable state and federal laws <br />binding upon the Bank in the Performance of services under the resulting <br />contract arising from this RFP, <br />J.P. Morgan acknowledges the above - mentioned statement. <br />Page 114 J P. Morgan <br />