Remodeling and Repairs - 3326 N Pierce St - General at 3326 N PIERCE ST Milwaukee, WI 53211-2656 Claire Turner and Mike Werner's Property LOAN PROGRAM
Financing for work under this contract is provided through the City of Milwaukee, Neighborhood Improvement Development Corporation (NIDC) who, through its loan agreement with the Owner, reserves certain rights and privileges as Lender, which include but are not limited to: development of the scope of work, assistance with the bid process, preparation of the Contract, approval of change orders and payments, and other aspects associated with contract execution and implementation. SITE INSPECTION
The Contractor must meet with the Owner at the property to inspect and review conditions prior to submission of a bid. ADDENDA
If NIDC or the Owner determines the necessity for additional information and/or clarification(s), an Addendum will be posted on the internet at electronically. CONTRACT CONDITIONS
On written request, NIDC will provide contractors a blank template of the Contract language, which includes provisions for liquidated damages, contract cancellation, and other terms and conditions. PAYMENT SCHEDULE
The selected contractor shall submit a requested schedule of payments and schedule of values that will apply to work completed for this project. Generally payments are made available in amounts no less than $5,000. RETAINAGE: At Owner's and/or NIDC's discretion, 10% of the requested amount may be withheld pending punch list work including lead clearance from the Milwaukee Health Department. Contractors are also placed on notice that, for Rental Rehabilitation projects, the last $1,000 of NIDC loan dollars are held
pending the property owner's submission to NIDC of acceptable tenant certifications. RETAINAGE: At Owner’s and/or NIDC’s discretion, 10% of the requested amount may be withheld pending punch list work including lead clearance from the Milwaukee Health Department. Contractors are also placed on notice that, for Rental Rehabilitation projects, the last $1,000 of NIDC loan dollars are held pending the property owner’s submission to NIDC of acceptable tenant certifications. WITHDRAWAL OF BIDS
Bids may be withdrawn only in total, and only by a written request prior to the award of the contract. Owner has sole discretion to grant a request for a bid withdrawal, and only in the case of an error that will result in a significant financial hardship. START AND COMPLETION OF WORK
The work presented in this project is to be started within 10 days after Contractor's receipt of a Notice to Proceed and is to be satisfactorily completed within 30 days thereafter. Interior/Exterior Completion and/or Weather-Affected repairs, if any, must be completed as follows: Any exterior work that cannot be performed due to winter conditions/temperatures shall be completed by May 31st 2024..
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