Renovation of a mixed-use development in Palatine, Illinois. Completed plans call for the renovation of a library.

All bids offered must be accompanied by a bid bond, cash or certified check made payable to Palatine Public Library District in the amount of not less than ten percent (10%) of the total amount of the bid, including alternates, as a guarantee that if the bid is accepted a contract will be entered into and the performance of the contract is properly secured. No bid shall be withdrawn after the opening of the bids without the consent of the Palatine Public Library District for a period of sixty days after the scheduled time of opening the bids. The successful bidder for the project will also be required to file a performance bond equal to one hundred percent (100%) of the accepted bid with sureties to be approved by the Palatine Public Library District and authorized to do business in Illinois, which performance bonds shall be conditioned upon proper and faithful performance by the Contractor of the work specified in accordance with the plans and specifications therefore, according to the time and terms and conditions of the contract; and also that the bidder/contractor shall properly pay all debts incurred by the Contractor in the execution of the work, including those for labor and materials furnished. The successful bidder for the project will also be required to file a payment bond equal to one hundred percent (100%) of the accepted bid with sureties to be approved by the Palatine Public Library District and authorized to do business in Illinois, which payment bond shall be conditioned upon payment as required by law for all persons supplying labor and material in the execution of the work provided for in the contract. The lowest bid will be determined by the amount of the Base Bid alone or in combination with either or all Alternate Bids as may be selected by the Board of Library Trustees. The right to waive technicalities, irregularities and informalities, or to reject any and all bids is reserved by the Board of Library Trustees.