Purchase, Delivery & Installation of Senior Center Exercise Equipment (1,2,3) Location: 6 Golf Club Lane, Garden City, NY 11530 Contract term: 1 Year Each bid must be accompanied by a certified check or a bid bond, on forms provided herein, in the sum of not less than 5% of the amount of the bid, made payable to the Incorporated Village of Garden City, as security. Such certified checks or bid bonds will be returned to all except the three lowest bidders within three days after the opening of bids, and the remaining certified checks or bid bonds will be returned to the three lowest bidders after the execution of the contract, or if no contract has been so executed within forty-five (45) days after the opening of the bids, upon demand at any time thereafter so long as the bidder demanding same has not been notified of the acceptance of their bid. The Contractor shall procure and deliver to the Village at the time of execution of the Contract, a Performance Bond and a Payment Bond for the benefit of subcontractor's employees and suppliers, both written on forms prescribed by the Village, by an insurance company satisfactory to the Village for the full amount of the contract price including all change orders and guaranteeing the complete performance of the work in accordance with the Contract. After completion of all work to the satisfaction of the Engineer, and before final payment, the Contractor shall procure and deliver to the Village, on forms prescribed by the Village and with a surety satisfactory to the Village, a Maintenance Bond guaranteeing the work and materials for a period of eighteen (18) months from date of acceptance of the Bond by the Village Board of Trustees. Such Bond shall be written in the amount equal to the full amount of the final contract price including all change orders. If any bidder shall fail or refuse to execute and deliver the bonds and insurance required within thirty (30) days after they has received notice of the acceptance of their bid, their certified check or bid bond shall be paid to and collected by the Village as liquidated damages for their default. The Village reserves the right to reject any or all bids and to waive any informality therein. Doc notes : Any bidders and non-bidders, other than the successful bidder, returning all copies of the Plans and Specifications in good condition within thirty (30) days following the award of the contract or the rejection of their bid shall be refunded the full amount of such deposit for one copy of the Plans and Specifications. A full refund shall be made to the successful bidder for one copy of Plans and Specifications. Partial reimbursement, in an amount equal to the full amount of such deposit for one set of Plans and Specifications less the actual cost of reproduction of the Plans and Specifications, shall be made for the return of all other copies of the Plans and Specifications in good condition within thirty (30) days following the award of the contract or the rejection of the bids covered by such Plans and Specifications.
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