Laserfiche WebLink
Section 00006 <br />All contractors are hereby notified that they must have proper license under the State laws <br />governing their respective trades. <br />Each proposal shall be accompanied by a deposit of cash or certified check on some bank or trust <br />company insured by the Federal Deposit Insurance Corporation in an amount equal to 5% of the <br />gross amount of the Proposal. In lieu thereof, such bidders may file a bid bond executed in <br />accordance with conditions as prescribed by GS 143 -129 as amended. The deposit shall be <br />retained if the successful bidder fails to execute the contract within 10 days after the award or <br />fails to give satisfactory surety as required by law. <br />A Performance Bond will be required for one hundred percent (100 %) for the Contract Price and <br />a Payment Bond will be required for one Hundred percent (100 %) of the contract Price. Form of <br />bonds shall be A.I.A. Document A -311. <br />No bid may be withdrawn after the scheduled closing time for the receipt of bids for a period of <br />thirty (30) days. <br />The Owner reserves the right to reject any or all bids, to waive informalities, and to award <br />contracts in the best interest of the Owner. <br />Advertisement for Bids <br />00006 -2 <br />Attachment number 2 <br />F -1 Page 63 <br />