Bid Bond: Bid security, in the amount of the bid, but not to exceed $20,000.00, must accompany each bid that is submitted. At the option of the bidder, the bid security may be in the form of a certified check, cashier's check or Bid Bond payable to Bergen Community College. If a Bid Bond is submitted, it shall be in substantially the form set forth in Section C of the Request for Bids, Form 00600. The Bid Bond shall be obtained from a surety that is authorized to do business in the State of New Jersey, satisfies the requirements set forth in N.J.S.A. 2A:44-141(1)(b) and is listed in the United States Treasury Department Circular 570. Such Bid Bond shall not contain any conditions to the obligations of the surety company issuing the Bid Bond. Bid Bonds signed by an Attorney-in-Fact shall be accompanied by an executed and certified Power-of-Attorney. Consent of Surety: Bidders shall provide a certificate from a surety company stating that the surety will provide. If Bidder intends to submit a Performance Letter of Credit in lieu of a Performance Bond, Bidder shall provide a certificate from a bank or financial institution, as the case may be, stating that the bank or financial institution will prove a Performance Letter of Credit in the full amount of the contract price if the Bidder is awarded a contract. The certificate from the surety shall be in substantially the form set in Section C of the Request for Bids, Form 00610. The certificate from the surety, bank or financial institution, as the case may be, shall not contain any conditions to the obligation of the surety company, bank or financial institution. Bidder is required to comply with the requirements of n.j.s.a. 10:5-31 et seq. and n.j.a.c. 17:27-31 et seq., and must submit form no. 00810c, "equal employment opportunities response sheet for construction contracts." bidder must also submit a copy of its business registration certificate issued by new jersey department of treasury pursuant to n.j.s.a. 52:32-44. all business organizations that conduct business with a new jersey government agency are required to be registered with the new jersey department of treasury. therefore, bidder must submit the business registration certificate for itself and its subcontractors prior to the award of a contract by bergen community college as proof that, at the time of the bid, the bidder and its subcontractors were registered with the new jersey department of treasury, division of revenue. bidder must also comply with public works contractor registration act, n.j.s.a. 34:11-56.48 et seq., and must submit prior to the award of a contract by bergen community college a copy of its current contractor registration certificate. Bids must be made upon and in accordance with the forms provided in the Bid Documents. No bids will be received after the time and date specified above, and no bidder may withdraw its bid within sixty (60) days after bid opening. The College reserves the right, pursuant to applicable law, to waive any informalities in the bids or to reject any or all bids. Bid envelopes must be marked with "Bid No. P-2367" and indicate "Sealed Bid" in the lower left-hand corner.
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