Work on the improvement shall commence upon approval of the contract by the Airport Commission and as stated in the Notice to Proceed. xtension of a Taxilane Paving and T-Hangar Approach Paving All work under the Contract must be substantially complete in Twenty-Five (25) Working Days.Extension of a Taxilane Paving and T-Hangar Approach Paving. Each bidder shall accompany its bid with bid security, as defined in Iowa Code Section 26.8, as security that the successful bidder will enter into a contract for the work bid upon. The bidder's security shall be in an amount equal to 5% percent of the total amount of the bid. The bid shall contain no condition except as provided in the specifications.By virtue of statutory authority, further preference will be given to products and provisions grown and coal produced within the State of Iowa, and to Iowa domestic labor, to the extent lawfully required under Iowa statutes. Failure to submit a fully completed Bidder Status Form with the bid may result in the bid being deemed nonresponsive and rejected. The Owner will base the award of contract upon the lowest aggregate sum proposalsubmitted from those bidders the Owner confirms as being responsive and responsible. The right is reserved, as the Iowa City Airport Commission may require, to reject any and all bids and to waive any informality in the bids received. Prospective Bidders are hereby advised that award of contract is contingent upon the owner receiving State funding assistance under the Capital Improvement Program The Iowa City Airport Commission reserves the right to reject any and all bids, to waive informalities or technicalities in any bid, and to enter into such contract, or contracts, as it shall deem to be to the best interest of the Iowa City Airport Commission.
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