Renovation of an educational facility in Red Oak, Iowa. Completed plans call for the renovation of a educational facility.

Replacement of existing boilers and domestic hot water heating system. 1. Anticipated Contract Approval: May 15, 2024 2. Anticipated Starting Date: June 3, 2024 3. Anticipated Completion Date: August 22, 2024 Contractors shall submit a bid security on or before the bid submittal deadline in the amount of5% of the bid amount in the form of a bid bond from a reputable surety company payable to "Red Oak Community Schools". Contractor pledges that it will enter into a contract with the district on the terms stated in the bid and will furnish the required bonds covering the faithful performance of the contract and payment of all obligations thereunder. Contractor acknowledges that the damages the district would incur in the event the Contractor refuses to enter into a contract or fails to furnish such bonds are difficult to determine and are indefinite and uncertain. Therefore, the failure or refusal to enter into a contract or to furnish the required bond(s) shall result in the forfeiture of the bid security as liquidated damages. If bid security is not received with the Proposal, the Bid will not be considered. To secure the faithful performance of the work and to satisfy all of Contractor's payment obligations that arise on the project, the Contractor awarded the bid will be required to provide a payment bond in an amount not less than 100% of the contract sum through a corporate surety company, conditioned for the payment of all laborers and mechanics for labor that is performed and for the payment for material and equipment rental which is actually used or rented in the performance of the Contract. The Contractor awarded the bid will also be required to provide a performance bond in an amount not less than 100% of the contract sum through a corporate surety company. The Owner reserves the right to waive informalities and to reject any or all bids. No bidder may withdraw his bid within 30 days after the scheduled closing time to receive bids.