Work shall consist of the following approximate quantities: 46,000 linear feet of traffic striping, 2,160 square feet of bike lane and miscellaneous pavement markings, installation of 104 various signs, bicycle safe grate replacement as needed, and traffic control, together with miscellaneous other related work items Bids must be made on the standard proposal form in a manner designated therein and required by the specifications Bids must be accompanied by a certificate from a surety company stating that it will provide the specified performance and maintenance bonds in the event that the contract is awarded to the bidder. Each bid must be accompanied by a certified check, cashier's check, or bid bond for ten percent of the amount of the bid, not to exceed $20,000, drawn upon an incorporated bank or trust company, payable to the Township of Ocean, as guarantee that in case the contract is awarded the bidder, he will, within ten days thereafter execute such contract and furnish satisfactory performance bond. Upon failure to do so, he shall forfeit the deposit as a partial satisfaction of liquidated damages and the acceptance of the bid will be contingent upon fulfillment of this requirement by the bidder. The checks of all bidders will be returned according to law. No interest shall be allowed upon any such check. Bidders are required to comply with the requirements of P.L. 1975, c,127., N.J.A.C. 17:27. (Affirmative Action) & P.L. 1977, C.33 (Ownership Disclosure). The Contract shall be awarded, or all bids rejected, within sixty days from the receipt of bids or within such extensions of time as permitted by law. The Mayor and Council reserve the right to reject any and all bids, or to waive any informality of any bid.
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