Renovation of a mixed-use development in Dekalb, Illinois. Completed plans call for the renovation of a educational facility.

Mechanical Replacement Project at Various Schools Bids Shall Be Submitted in Duplicate on Forms Issued by Architect. Bid Security: Bids Shall Be Accompanied by a Bid Security of at Least 10% of the Total Amount of the Base Bid and All Additive Alternate Bids. This May Be in the Form of a Certified Check, Cashier's Check, Bank Draft or Bid Bond, Payable to the Owner as a Guarantee That Should the Bidder Be Awarded the Work, the Bidder Will Enter Into a Contract With the Owner and Will Furnish the Proper Performance and Payment Bond Within the Time Limit Set by the Owner. Bid Securities Will Be Returned to All Other Bidders When the Successful Bidder Files a Proper Performance and Payment Bond and the Contract is Executed by the Owner. If the Successful Bidder Fails to File Such Contract and Performance and Payment Bond, the Amount of His Bid Security Shall Be Forfeited to the Owner as Liquidated Damages. Wage Rules: Each Craft, Type of Worker and Mechanic Needed to Execute the Contract Shall Be Paid the Prevailing Wage Rate for the Locality in Which the Work is Performed, in Accordance With All Federal Laws and Laws of the State as Well as Local Ordinances and Regulations Applicable to the Work Hereunder and Having Force of Law. Performance Bond: a Performance and Payment Bond for the Full Amount of the Contract Will Be Required of the Successful Bidder. All Costs Associated With the Bond Shall Be Included in the Bid Amount. Rights Reserved by Owner: the Owner Reserves the Right to Waive Any Irregularities and/or Reject Any or All Bids When, in the Opinion of the Owner, Such Action Will Serve the Best Interests of the Owner.