Liquidated Damages: .2% of Work Order Value per day/per work order All Requests for Information (RFIs) shall be submitted no later than Monday, April 1, 2024 2:00 pm through the Questions portal at online. Negotiations may include reduction in bid price, modification and/or reduction in scope of the work, substitution of materials, or any other alterations to the work so that the low bid is reduced to within available funds including a reasonable fund balance for contingency funds to be available during the course of construction. A Bid Bond, certified check, or cashier's check made payable to the Treasurer, City of Norfolk, for 5% of total bid must accompany each bid. Offerors shall upload a copy of the bid guarantee with the Offeror's acknowledgement to mail the original sealed document to the Owner, within two (2) business days. State Contractor registration class and number is required by electronic bidding via the Vendor Questionnaire. The Contractor shall furnish a Performance Bond and a Labor and Materials Payment Bond in the amount of Three Million Five Hundred Thousand Dollars ($3,500,000.00). Said bonds shall be delivered to the Owner (in duplicate) and shall be approved by the Owner prior to the execution of a construction contract between the Contractor and the Owner. Bonds shall be City of Norfolk standard form and shall be in accordance with Section 33.1-76 of the Norfolk City Code. All costs of bonds shall be paid by the Contractor. Performance and Payment Bond Riders shall be provided, as requested by the City, whenever the aggregate amount of work orders less amount paid to the Contractor for assigned work, exceeds the existing bond amount by $100,000. The City reserves the right to cancel the bid opening or to reject any or all bids in whole or part, when it is in the best interest of the City. The right to waive informalities and to determine responsiveness of any bid and responsibility of all bidders is reserved to the City.
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