What information must a notice to bidders include regarding the submission of bids?

The correct answer emphasizes the importance of specifying the time that bids are to be received, which is a critical detail in the bidding process. Including the submission deadline helps ensure that all bidders are fully aware of when their proposals must be completed and submitted, thereby promoting fairness and transparency. This timeframe provides bidders with a clear deadline to prepare their submissions, and it allows for orderly management of the bidding process by the entity seeking bids.

In the context of public works projects, adhering to a strict timeline is crucial not only for compliance with regulations but also for efficient project planning. Failure to meet the bid submission time can result in disqualification, ensuring that all bidders have an equal opportunity to participate.

Other options, while they may contain relevant information, do not hold the same mandatory significance as the submission time. For instance, knowing the name of the responsible contractor or the location of the bidders might be useful, but they do not impact the timeliness and fairness of the bidding process directly. Similarly, costs associated with the bidding process might be important for budgetary considerations but are not essential components of the notice itself. The focus on bid submission timing highlights its role in maintaining the integrity and organization of procurement activities.