I-5 Crack Sealing MP 192 Each Offer shall be accompanied by (submitted via upload in OregonBuys, except as provided in Section D.4) a certified or cashier's check, irrevocable letter of credit issued by an insured institution as defined in ORS 706.008, or Bid Bond payable to the State of Oregon in an amount equal to ten percent (10%) of the total amount of the Offer. The selected Bidder shall furnish a Performance Bond and a Payment Bond each in the total amount (100%) of the awarded Contract Price, executed in favor of the State of Oregon, to ensure faithful performance of the Contract and payment for labor and materials. Pursuant to ORS 279C.800 through 279C.870, the Contractor and all subcontractors are required to pay prevailing wage rates ("PWRs") for any contract valued at more than $50,000. Failure to achieve Substantial Completion by the time specified above for Substantial Completion will result in damage to the State of Oregon. Since actual damage will be difficult to determine, it is agreed that the Contractor shall pay to the State of Oregon, not as a penalty but as liquidated damages, $600.00 per calendar day for each day elapsed in excess of the Substantial Completion date specified in Section 3 of this Agreement until Substantial Completion is achieved. SUBSTANTIAL COMPLETION: October 20, 2023 FINAL COMPLETION: October 27, 2023 Deadline for requests for change, protests, and requests for approved equal brands (if applicable) 7 calendar days prior to the Bid Opening Date identified in OregonBuys for this ITB
Deadline for questions or requests for clarification 5 calendar days prior to the Bid Opening Date identified in OregonBuys for this ITB
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