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Renovation of a mixed-use development in Elwood, Indiana. Completed plans call for the renovation of a educational facility.
Bids shall include BID SECURITY in the form of a Bid Bond or certified check in the amount of a sum no less than 5 percent of the Bid Sum including all add alternates. The Owner reserves the right to accept or reject any or all bids and to waive any irregularities in bidding. Base bids may be held for the following period before award of Contract: Ninety (90) Days. Should a successful Bidder withdraw his bid of fail to satisfactorily execute all of the requirements and enter into a written Contract within ten (10) days after Notice of Acceptance of his bid, the Owner may declare the Bid Security forfeited, not as a penalty, but as liquidated damages. The successful Bidder shall furnish a Performance Bond and Payment Bond from an approved surety company, which will remain in full force and effect for a period of one (1) years after date of final acceptance of work. Performance Bond and Payment Bond shall be in an amount equal to the following percentage of the Contract Sum: One hundred percent (100%)
Post-Bid
Educational
$1,000,000.00
Public - City
Renovation
Trades Specified
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