**As of August 2, 2022 this project has not yet been awarded. A timeline for award has not yet been established.**
**As of June 30, 2022, This project has not yet been awarded. A timeline for award has not yet been established.** The City of Paterson requires that a bidder must submit with his bid, a bid guarantee in the form of a bid bond, certified check, or cashier's check in the amount of ten percent (10%) of the bid, along with consent of surety from a Bonding Company. In no case shall the bid guarantee exceed $20,000.00. The bid guarantee must be accompanied by a surety company certificate (known as a Consent of Surety) duly authorized to do business in this State and satisfactory to the City of Paterson, stating that such surety company will provide the bidder with a guarantee bond or other surety as a guarantee indemnification. Failure to include this item will mandate rejection of bid. The City of Paterson requires that a bidder who is awarded a contract, which exceeds $44,000.00, must submit a Performance Bond in the full amount of the award from a Company doing business in the State of New Jersey. This bond shall be made to the City of Paterson and shall be held as security for the performance of the contract. The performance bond shall be submitted within ten (10) days of the date of the award letter. Failure to submit a Performance Bond shall be cause for declaring the contract null and void. Funding for this project is provided by The United States Department of Housing and Urban Development through the City of Paterson Department of Community Development. Therefore, all Federal Prevailing Wage Regulations as well as Federal Labor Standards will apply. Attention is called to the fact that the Contractor must ensure that employees and applicants for employment are not discriminated against because of their race, creed, color, sex or national origin and to the greatest extent possible, opportunities for training and employment shall be given to lower-income residents of the project area and that, when possible, contracts shall be awarded to business concerns owned by area residents. Small, Minority, and Women's Business Enterprises are encouraged to submit bids. Bids or proposals in excess of $100,000.00 must be accompanied by a written affirmative action plan. All Contracts and subcontracts for construction or purchase of materials are subject to Section 3 of the Housing and Urban Development Act of 1968 as amended, 12 U.S.C. 1801u where to the greatest extent possible, opportunities for training and employment shall be given to lower income residents of the project area, and when possible, contracts shall be awarded to business concerns owned by area residents. Bidders must comply with regulations of the New Jersey Local Public Contract Law (N.J.S.A.40A: 11-1et.seq.), Affirmative Action regulations N.J.S.A.10:5-31et seq., N.J.A.C. 17:27, the New Jersey Prevailing Wage Act 12:60-1 et seq. (N.J.S.A.34:11-56-1 et. seq., N.J.S.A.34:11-56.25 et. seq.) and the New Jersey Contractor Business Registration Certificate N.J.S.A.52.32-44.
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