This project includes removing approximately 33,754 SF of the existing Ethylene Propylene Diene Terpolymer (EPDM) roofing system on four (4) main roof sections and two (2) small vestibule roofs and replacing it with a new Thermoplastic Polyolefin (TPO) mechanically attached single-ply roofing membrane. Each proposal must be accompanied by a certified or cashier's check drawn on an Iowa bank or a bank chartered under the laws of the United States or by a Bid Bond with corporate surety satisfactory to the City of Bettendorf in the amount of five (5) percent of the bid, made payable to the City Treasurer of the City of Bettendorf, Iowa, and may be cashed or claim made against the bond by the Treasurer of the City of Bettendorf, Iowa, as liquidated damages in the event the successful bidder fails to enter into a contract within ten (10) days and post bond satisfactory to the City for the faithful performance of the work. Checks or Bid Bonds of the three lowest bidders may be retained for a period of not to exceed thirty (30) days or until a contract is awarded or rejection is made, whichever is sooner. Other checks and Bid Bonds will be returned after the tabulation of the bids is completed. The successful bidder will be required to furnish a performance and maintenance bond equal to One Hundred Percent (100%) of the contract price. Said bond is to be issued by a responsible surety approved by the City Council and shall guarantee the faithful performance of the contract and shall also guarantee the maintenance of the improvement for a period of two (2) years from and after its completion and acceptance by the City. The City reserves the right to reject any or all proposals and to waive technicalities and irregularities if deemed necessary and approved by City Council
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