Renovation of a parking garage in Raleigh, North Carolina. Completed plans call for the renovation of a parking garage.

Project No: 011907006 Project includes the electrical and communication infrastructure necessary for updating the PARC equipment (provided by Carolina Time) at 9 parking facilities in downtown Raleigh, North Carolina. Bids will be received for: Contract type - single prime. All proposals shall be lump sum. All contractors are hereby notified that they must have proper license as required under the state laws governing their respective trades. Each proposal shall be accompanied by a cash deposit or a certified check drawn on some bank or trust company, insured by the Federal Deposit Insurance Corporation, of an amount equal to not less than five percent (5%) of the proposal, or in lieu thereof a bidder may offer a bid bond of five percent (5%) of the bid executed by a surety company licensed under the laws of North Carolina to execute the contract in accordance with the bid bond. Said deposit shall be retained by the owner as liquidated damages in event of failure of the successful bidder to execute the contract within ten days after the award or to give satisfactory surety as required by law. A performance bond and a payment bond will be required for one hundred percent (100%) of the contract price. Payment will be made based on ninety-five percent (95%) of monthly estimates and final payment made upon completion and acceptance of work No bid may be withdrawn after the scheduled closing time for the receipt of bids for a period of 30 days. The owner reserves the right to reject any or all bids and to waive informalities.