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Renovation of an educational facility in Rochester Hills, Michigan. Completed plans call for the renovation of a educational facility.
In accordance with Michigan Compiled Laws Section 129.201, successful contractor(s) must obtain Performance and Payment Bonds for any Bid Category exceeding $50,000. The Performance and Payment Bonds shall be in an amount equal to the contract amount. The Performance and Payment Bonds shall be for the protection of Rochester Community Schools and Frank Rewold and Son Inc. and shall be executed by a surety company authorized to do business in the state of Michigan and be listed in Federal Register or have an AM Best Rating of B+ or better. All bonds to be dual obligee bonds to Rochester Community Schools and Frank Rewold and Son Inc. 5% bid security required. Bid bonds are required, however, certified or cashier checks are acceptable for bids under $50,000.
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Educational
$800,000.00
Public - City
Renovation
Trades Specified
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