Questions may be submitted to the Town Clerk until 3:30pm on Wednesday, March 22, 2023. For more information regarding this RFP 23-01, please contact Trevor Douthat, (863) 438-8330 or by e-mail at TDouthat@TownofDundee.com. BID BOND: a) In cases where the bid price exceeds $30,000.00, each bid must be accompanied by a certified check, cashier's check or a bid bond in an amount not less than five per-cent (5%) of the base bid, as guarantee that the Contractor will not withdraw from the competition after the opening of the bids, and will, within twenty-five (25) calendar days after receipt of written notice of award, enter into the Contract with the Town in accordance with the Contract Documents. Should the Contractor fail to enter into a contract, the bid bond shall be forfeited as liquidated damages. b) No proposal or bid shall be considered unless accompanied by a bid bond in the amount and form specified. PERFORMANCE AND PAYMENT BOND: a) In cases where the bid price exceeds $30,000.00 and/or for utility contracts covered by Section 180.24 of the Florida Statutes, the successful bidder shall be required to furnish a performance bond in an amount equal to one hundred percent (100%) of the contract price as security for the faithful performance of the contract. The Contractor shall also furnish a payment bond in an amount equal to one hundred percent (100%) of the 33 contract price as security for the payment of all persons performing labor on the project under the contract and furnishing material(s). b) The performance bond and the payment bond may be in one or separate instruments in accordance with applicable law. Subject bonds are due within twenty-five (25) calendar days after written notice of award is received. Subject bonds shall also be recorded in the public records of Polk County [per F.S. 255.05(l)(a)] with proof of the recording furnished with the bonds or a certified recorded copy.
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