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Renovation of an educational facility in Ringwood, New Jersey. Completed plans call for the renovation of a educational facility.
Each bid must be accompanied by a bid security deposit of an amount equal to at least contractO%) percent of the amount of the base bid, but not in excess of $20,000, the deposit may be either a certified check or cashier's check drawn on an incorporated bank or trust company payable to the order of the Owner, or a bid bond in favor of the Owner as a guarantee that, in case the contract is awarded to the bidder, he will execute such contract. Submission of the AIA Document A310-1970 or any other form limiting or potentially limiting the penal sum of the bond to any amount less than 10% of the bid price not to exceed $20,000 (such as forms of bond that limit the penal sum to the difference between the bid price and the district's cost for the work), will be cause for rejection of the bid. The bid security deposits of all excepting the three lowest bidders will, if requested, be returned after ten (10) days from the opening of bids, Sundays and holidays excepted, and the remaining deposits will be returned when the contract of the successful bidder is approved. The successful bidder will be required to furnish a New Jersey Statutory Performance Bond and a Labor and Material Payment Bond in the amount of the contract sum. The Owner reserves the right to waive any informalities in, or to reject, any or all bids. No bidder may withdraw his bid for a period of sixty (60) days after the actual date of the opening thereof.
Award
Educational
$900,000.00
Public - City
Renovation
Trades Specified
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130 Valley Rd, Ringwood, NJ
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