New alignment sanitary sewer, PCC patching, and site restoration. The Contractor shall achieve Substantial Completion of the entire Work no later than June 17, 2022, subject to adjustments of this Contract Time as provided in the Contract Documents. Liquidated damages shall be implemented in the amount of $250 per day for failure to meet the substantial completion date. A 5% bid bond is required. No bidder may withdraw their proposal within 60 days after the bid opening. A 100% Performance Bond and Payment Bond will be required. This Project shall be referred to as IWCC Reiver Suites Sanitary Sewer Relocation. The project number is IWCC-21-03. Bid security shall be in the form of a Bid Bond in an amount not less than 5% of the proposal sum, issued by a surety licensed to conduct business in the State of Iowa and made payable to the Owner, or a certified check in the amount of not less than 5% of the bid. The bidder to whom a Contract is awarded will be required to furnish Performance, Payment, and Maintenance Bonds as included in the Specifications, each for one hundred percent (100%) of the Contract, in conformity with the requirements of the Contract Documents. The successful Bidder will be required to enter into a Contract within ten (10) days after acceptance of their Bid and must begin construction work covered by the Bid within ten (10) days of receipt of Notice to Proceed. The successful bidder also will be required to complete all work covered by the Bid in accordance with the Specifications and be completed by Contract Date as stated in the written proposal. No bid may be withdrawn within a period of sixty (60) days after the date fixed for opening Bids. Owner reserves right to waive any informality or irregularity, in any Bid. Owner further reserves right to reject any or all Bids and to re-advertise for Bids. Owner shall reject Bid of any Bidder who fails to submit qualification documentation when requested for approval, or fails to qualify. Iowa Western Community College is sales tax exempt.
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