Maintenance Room Finish Out for Jackson Parish Hospital
Each bid must be accompanied by a certified check, cashier's check, or Bid Bond payable to the Jackson Parish Hospital, the amount of which shall be five percent (5%) of the amount of the proposed Base Bid. Money Orders will not be accepted. This shall be given as guarantee that the bidder will execute the contract, if it is awarded to him, in conformity with the Contract Documents. If a Bid Bond is used, it must meet the requirements according to R.S. 38:2218. The successful Bidder shall be required to furnish a Performance and Payment Bond in an amount equal to 100% of the Contract, written by a company licensed to do business in Louisiana, and who is currently on the U.S. Department of the Treasury Financial Management Service List, or by a Louisiana domicile insurance company with at least an A-rating in the latest printing of the A.M. Best's Key Rating Guide to write individual bonds up to ten percent of policy holder's surplus as shown in the A.M. Best's Key Rating Guide and complies with R.S. 38:2219 (R.S. 28:2218 Bid Bond). The bond shall be countersigned by a person who is under contract with the surety company or bond issuer as agent of the company and who is licensed as an insurance agent in this State, and who is residing in this State. Bids shall be accepted only from contractors who are licensed by the State of Louisiana for Building Construction. No bid may be withdrawn for a period of forty-five (45) days after receipt of bids, except under the provisions of La. R.S. 38:2214. The successful bidder shall supply all required insurance with carrier(s) acceptable to the Jackson Parish Hospital. The owner reserves the right to reject any and all bids for just cause. In accordance with La. R.S. 38:2212 (A) (1) (b), the provisions and requirements of this action, those stated in the Advertisement for Bids, and those required on the bid form shall not be considered as informalities and shall not be waived by any public entity. Liquidated Damages the sum of FIVE HUNDRED DOLLARS AND ZERO CENTS ($500.00) for each consecutive calendar
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