Renovation of a mixed-use development in Dekalb, Illinois. Completed plans call for the renovation of a educational facility.

This may be in the form of a certified check, cashier's check, bank draft or bid bond, payable to the Owner as a guarantee that should the bidder be awarded the Work, the bidder will enter into a contract with the Owner and will furnish the proper performance and payment bond within the time limit set by the Owner. Bid securities will be returned to all other bidders when the successful bidder files a proper performance and payment bond and the contract is executed by the Owner. If the successful bidder fails to file such contract and performance and payment bond, the amount of his bid security shall be forfeited to the Owner as liquidated damages. Each craft, type of worker and mechanic needed to execute the Contract shall be paid the prevailing wage rate for the locality in which the work is performed, in accordance with all federal laws and laws of the State as well as local ordinances and regulations applicable to the work hereunder and having force of law. A performance and payment bond for the full amount of the Contract will be required of the successful bidder. All costs associated with the bond shall be included in the bid amount. RIGHTS RESERVED The Owner reserves the right to waive any irregularities and/or reject any or all bids when, in the opinion of the Owner, such action will serve the best interests of the Owner. WITHDRAWAL OF BIDS:No bid may be withdrawn for a period of 60 days after the opening of bids without written consent of the Owner. A performance and payment bond for the full amount of the Contract will be required of the successful bidder.