Bid Security
A. Each bid must be accompanied by (1) cash; or (2) a Cashier's Check or a Certified Check of the Bidder
made payable to the Town of Vienna; or (3) a bidder's bond on the Bid Bond Form provided herein or on
a similar form which in every respect materially complies with said Bid Bond form. The amount of this
bid security will be 2 1/2 % of the bid amount for bids of $100,000 or less, and 5% of the bid amount for
bids greater than $100,000. For purposes of this provision, the amount of the bid shall be the Base Bid
plus all positive amount alternates. The bidder's bond shall be issued by a surety company licensed to
conduct business in Virginia and acceptable to the Owner.
B. Said bid security is given as a guarantee that the Bidder will enter into a contract if awarded the Work
and, in the case of refusal or failure to so enter into said contract, the security shall be declared forfeited
to the Owner. Such security shall be returned to all but the three lowest Bidders within three days after
the opening of bids and the remaining security will be returned within 48 hours after the Owner and the
successful Bidder have executed the Contract. If no Contract has been awarded or the Bidder has not
been notified of the acceptance of their bid, within forty-five (45) days of the bid opening, the Bidder
may withdraw their bid and request the return of their bid security. If, at the Owner's request, the
Bidder agrees to extend and maintain their bid beyond the specified 45 days, their bid security will not
be returned.
C. The Bidder's Cash, Certified or Cashier's Check or Bid Bond shall be accompanied by a written
guarantee by a surety company licensed to do business in Virginia and acceptable to the Owner, that in
the event a contract is awarded to the Bidder, said surety will furnish the required Performance, Labor
and Material Payment and Guarantee Bonds, as required herein. Question Submission Deadline June 7, 2023, 2:00pm
Background
Located in Northern Virginia and approximately 14 miles from Washington D.C., the Town of Vienna is
an incorporated town within Fairfax County--adjacent to Tysons Corner (Northeast), Oakton and Fairfax
City (Southwest), Merrifield/Mosaic District (Southeast) and Reston (Northwest). The Town is 4.4 square
miles and home to approximately 16,473 residents.
Vienna is primarily a residential community with at least 71 percent of the land developed for residential
purposes, excluding rights-of-way. The Town has approximately 3.5 million square feet of commercial
and industrial space--60 percent is used for professional office space, 30 percent of the space is used
for retail, and the remaining 10 percent is used for industrial purposes.
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