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This is a service / maintenance or supply contract in Reading, Pennsylvania. Contact the soliciting agency for additional information.
Each contractor and each sub-contractor shall be licensed in the community where the work will occur. The Contract will be written to retain 10% for each request for payment. When the Contract is 50% completed, one-half of the amount retained shall be returned to the Contractor. However, the Architect must approve the Application For Payment. The Contractor must be making satisfactory progress and there must be no specific cause for greater withholding. The Owner-Contractor Agreement will be the Standard Form of Agreement Between Owner and Contractor AIA Document A101, 2017 edition. The Owner requires that all Bids shall comply with the bidding requirements specified in the Instructions To Bidders. The Owner may, at its discretion waive informalities in Bids, but is not obligated to do so, nor does it represent that it will do so. The Owner also reserves the right to reject any and all Bids. Under no circumstances will the Owner waive any informality which, by such waiver, would give one Bidder a substantial advantage or benefit not enjoyed by all other Bidders. Bonding companies for Performance and Payment Bonds must be listed in the U.S. Treasury Circular No. 570. A Bid Bond made payable to the Santander Arena, in the amount of 10% of each Base Bid shall accompany each bid, executed by the Contractor and a surety company licensed to do business in the Commonwealth of Pennsylvania, as a guarantee that, if the bid is accepted, the bidder shall execute the proposed contract and shall furnish and pay for a Performance and Payment Bond in the amount of 100% of the Contract Price as security for the performance of the Contract and payment of all costs thereof, upon execution of Contract. If, after thirty days the bidder shall fail to execute said Contract and Bond, the Bid Bond shall be forfeited to the Owner as liquidated damages. The Bid Bond of all bidders, except the three low bidders, will be returned within ten (10) days after the opening of the bids. The Bid Bond of the three low bidders for each prime contract will be returned within three days after the executed Contracts and required bonds have been approved by the Owner. The successful Bidder will be required to file a Stipulation Against Mechanic's Liens prior to commencing work. Bidders can access the site by appointment only.
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