Renovation of a parking garage in Colonie, New York. Completed plans call for the renovation of a parking garage.

Reference Number 0000426691 All bidders shall comply with the N.Y. Gen. Mun. Law 103. The submission shall consist of the completed pages of this document marked "TO BE SUBMITTED," and any other required documents. The submission shall also include, if required in the Notice to Bidders, the bid security. If the bid is sent through the mail or other delivery system, the sealed envelope containing the bid shall be enclosed in a separate envelope with the notation "BID ENCLOSED" on the face thereof AND the outer envelope shall be marked on the outside with the project title and name and address of the bidder. Each submitted proposal must be accompanied by (a) a certified check in the sum of 5% of the amount of the bid, drawn upon a national or state bank or trust company, to the order of the Town of Colonie, New York, or (b) a bond with sufficient sureties in a penal sum equal to 5% of the bid, conditioned that if its bid is accepted, successful bidder will enter a contract for the same and that he will execute such further security as may be required for the performance of the contract. At the execution of the anticipated contract, the Successful Bidder will be required to furnish a performance bond equal to 100% of the full amount of its bid; provided that with the approval of the Town, the Successful Bidder may be allowed to substitute, as an alternative to the performance bond, an indemnity agreement acceptable to the Town along with cash, an irrevocable letter of credit from a banking organization, or a certified check. At the execution of the anticipated contract, the Successful Bidder will be required to furnish a labor and materials payment bond in an amount equal to the full amount of its bid. The bidder to whom the contract may be awarded shall within seven days after the date of notification of the acceptance of its proposal, provide insurance and security as required by the contract in a form acceptable by the Town of Colonie. In case of its failure to do so, or in case of its failure to give further security as herein prescribed, the bidder will be considered as having abandoned the same, and the certified check or other bid security accompanying its proposal shall be forfeited to the Town of Colonie. The Town of Colonie reserves the right to waive any informality in or to reject any or all bids submitted.