sealed bids will be received by the Commissioners of Fire District No. 1 in the Township of Piscataway, County of Middlesex, for providing of electrical service upgrade at the New Market Firehouse, hereinafter referred as Upgrade All bids shall be accompanied by security in the form of a certified or cashiers' check or bid bond made payable to The Commissioners of Fire District No. 1 in the Township of Piscataway, County of Middlesex, in the amount of 10% of the bid, but not to exceed $20,000, which security shall be considered a guarantee that the bidder will, if awarded a contract by the Commissioners, enter into said contract and furnish any performance bond or other security required as a guarantee or indemnification. In addition, each bid shall be accompanied by a letter from a bonding company authorized and licensed to do business under the laws of the State of New Jersey, stating that the company shall furnish a performance bond in the amount of 100% of the bid if said bidder is awarded a contract by the Commissioners. Said bids shall be hand-delivered at the time and place stated for receipt of said bids or mailed prior thereto. No bid shall be delivered or accepted after the date and hour as designated herein and the risk of timely receipt of mailed bids is on the bidder. All bids through the mail shall be forwarded to the New Market Firehouse, 801 South Washington Ave., Piscataway, NJ 08854. Bids shall be enclosed in a sealed envelope with the name and address of the bidder set forth on the outside thereof. Said envelope shall denote BIDS FOR ELECTRICAL SERVICEUPGRADE or similar legend on the outside and shall be addressed to the Board of Fire Commissioners, at New Market Firehouse, 801 South Washington Ave., Piscataway, NJ 08854. The Commissioners of Fire District No. 1 in the Township of Piscataway, County of Middlesex, hereby reserve the right to reject any and all bids and further reserve the right to waive any insubstantial irregularities in any bid.
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