Each bid, if required, shall be accompanied by a bid bond, cashier's check or certified check made payable to
the FREEHOLD REGIONAL HIGH SCHOOL DISTRICT BOARD OF EDUCATION, for ten percent (10%)
of the amount of the total bid, however, not to exceed $20,000.
Statement of Ownership Requirement: Pursuant to N.J.S.A. 52:25-24.2, Bidders shall submit a statement
setting forth the names and addresses of all persons and entities that own ten percent or more of its stock or
interest of any type at all levels of ownership.
A Non-Collusion Affidavit and a Contractor Questionnaire/Certification also must be filed with the bid. The
bid package will also include other documents that must be completed and returned with the bid. Failure to
comply with Instructions to Bidders and to complete and submit all required forms, may be cause for
disqualification and rejection of the bid.
The Board of Education reserves the right to reject any or all bids pursuant to N.J.S.A. 18A:18A-2(s), (t), (x),
(y), 18A:18A-4(a), 18A:18A-22, and to waive any informalities. Bid Guarantee
When required, each bid shall be accompanied by a bid bond, cashiers or certified check for ten per cent
(10%) of the amount of the total contract, but not in excess of $20,000. This guarantee shall be made
payable to the FREEHOLD REGIONAL HIGH SCHOOL DISTRICT BOARD OF EDUCATION.
Such deposit shall be forfeited upon refusal of a bidder to execute a contract; otherwise, checks shall be
returned when the contract is executed and the performance bond (if required) is filed with the Board of
Education.
The bid security check for unsuccessful bidders, if requested, will be returned as soon after the bid
opening as possible but in no event later than (10) days after the bid opening. Performance Bond
When required, the successful bidder shall furnish a Performance, Payment and Completion Bond in a
sum of at least one hundred percent (100%) of the total amount payable by the terms of this Contract.
Such written guarantee shall be made payable to the FREEHOLD REGIONAL HIGH SCHOOL
DISTRICT BOARD OF EDUCATION and shall be in the form required by Statute.
Such bond shall further carry a stipulation that no advance, premature, excessive or delayed payments
by the Board shall in any way affect the obligation of the Surety on its bond.
Such bond shall further stipulate that no payments made to the Contractor, nor partial or entire use of
occupancy of the work by the Board shall be an acceptance of any work or materials not in accordance
with this Contract and the Surety shall be equally bound to the same extent as the Contractor.
It is expressly stipulated that the Surety for the Contractor on the project shall be obligated to make
periodic inquiries of the Board at reasonable times, to determine whether its Principal has performed
or was performing the Contract in accordance with all of its terms and conditions, particularly in
relation to the progress payments scheduled under said Contract with the Board.
In the event the Contractor defaults or fails to perform or finish the work prescribed under the Contract
for any reason whatsoever, it shall become the unqualified obligation of the Surety for the defaulting
contractor to complete the Contract in accordance with its terms following receipt of notice from the
owner of such default.
The Contractor shall execute a formal contract with the Board in the form required and in such number
of counterparts as the Board may request. Such Performance, Payment and Completion Bond shall be
furnished and such Contracts shall be executed and delivered by the contractor within ten (10) days
after the receipt by the contractor of notice accepting his bid by the Board.
The Board of Education will only accept performance bonds from surety companies that are licensed
and qualified to do business in the State of New Jersey
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