Per Adda1- Bid Date was Extended Bid Bond: A deposit is required with the submission of the bid. When a deposit is required, the bidder must submit with the bid cash or a certified check, drawn on a bank or trust company authorized to do business in the State of North Carolina, payable to Cape Fear Public Utility Authority, in an amount at least equal to five percent (5%) of the total amount of the bid, as a guarantee that a contract will be entered into and that satisfactory performance and payment bonds will be executed. In lieu of making the cash deposit above described, a satisfactory bid bond in the amount of five percent (5%) of the total bid, executed by a corporate surety licensed under the laws of the State of North Carolina to execute such bonds, shall be submitted with each bid, conditioned that the surety will upon demand forthwith make payment to the obligee upon said bond if the bidder fails to execute the contract in accordance with the bid bond. This deposit shall be retained if the successful bidder fails to execute the contract within ten (10) days after the award of the bid or fails to give satisfactory surety as required in North Carolina General Statutes Section 143-129. Cape Fear Public Utility Authority reserves the right to reject any and all bids.
All FEMA requirements shall apply. All inquiries concerning this bid shall be directed to CFPUA Purchasing Division by e-mail to bids@cfpua.org Inquiries concerning the bid shall be directed to the CFPUA Purchasing Division by email to bids@cfpua.org. Deadline for questions is Tuesday, October 31, 2023 at 2:00 PM. *The value for this project is based on a financial range. The value is listed as the highest possible cost from the range provided by a stakeholder or official project document.
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