Parking lot project manual-1992 - Laserfiche WebLink

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' B. BIDS MUST BE SUBMITTED BY PROPERLY FILLING EACH AND EVERY SPACE PROVIDED , FOR THAT PURPOSE ON THE PROPOSAL HERETO ATTACHED. BIDS NOT CONFORMING TO THESE REQUIREMENTS MAY BE REJECTED AS IRREGULAR. , 6. CONTRACTOR'S PERFORMANCE AND PAYMENT BOND: A. THE CONTRACTOR SHAL.L PROMPTLY FURNISH A PERFORMANCE BOND AND LABOR AND � MATERIAL PAYMENT BOND IN THE FULL AMOUNT OF THE CONTRACT PRICE IN A FORM AND WITH SURETIES APPROVED BY TNE OWNER. THE BOND SHALL GUARANTEE TO KEEP ALL WORK CONSTRUCTED UNDER THIS CONTRACT FREE FROM DEFECTS IN , MATERIALS OR WORKMANSHIP FOR A PERIOD OF ONE YEAR FROM AND AFTER ITS COMPLETION BY THE CONTRACTOR AND ITS ACCEPTANCE BY THE OWNER. FOR CONTRACTS IN AN AMOUNT LESS THAN $15,000, IN LIEU OF THE BOND, THE ' SUCCESSFUL BIDDER MAY PROVIDE AN IRREVOCABLE LETTER OF CREDIT IN THf SAME AMOUNT REQUIRED FOR THE BOND AND SUBJECT TO THE SAME CONDITIONS AS THE BOND. 7. INFORMATION CONCERNING THE WORK AND THE SITE: ' A. EA�H BIDDER SHALL CAREFULLY EXAMINE THE DRAWINGS AND SPECIFICATIONS AND ' FULLY INFORM HIMSELF OF THE NATURE, LOCATION, AND CONDITIONS UNDER WHICH THE I�RK IS TO BE PERFORMED OR MATERIALS DELIVERED, AND IF AWARDED A CONTRACT, SHALL NOT BE ALLOWED EXTRA COMPENSATION BECAUSE OF FAILURE TO ' HAVE SO INFORMED HIMSELF. BIDDERS SHALL NOT RELY UPON STATEMENTS OR REPRESENTATIONS OF OFFICERS OR EMPLOYEES OF THE OWNER WITH REFERENCE TO � THE SITE OR THE CONDITIONS OF THE WORK. B. THE BIDDER IS INVITED TO VISIT AND INSPECT THE SITE WITH THE PARK RESERVE ' DISTRICT REPRESENTATIVE PRIOR TO THE BID OPENING. 8. BID SECURITY: ' A. EACH BIDDER MUST SUBMIT BID SECURITY IN THE FORM OF CASH, CERTIFIED CHECK OR BID BOND PAYABLE TO THE SUBURBAN HENNEPIN REGIONAL PARK DISTRICT IN AN ' AMOUNT NOT LESS THAN FIVE PERCENT (5X) OF THE TOTAL BASE BID SUBMITTED. B. THE BID SECURITY SHALL BE FORFEITED IF THE BIDDER FAILS OR REFUSES TO ' ENTER INTO CONTRACT AND FURNISH 601VD WITHIN TEN CALENDAR DAYS AFTfR HIS PROPOSAL SHALL HAVE BEEN ACCEPTED. THIS CLAUSE IN NO WAY SHALL LIMIT THE OWNERS REMEDIES IN LAW OR IN EQUITY. ' C. THE BID SECURITY OF UNSUCCESSFUL BIDDERS WILL BE RETURNED WITHIN 15 DAYS AFTER AWARD OF CONTRACT. BID SECURITY OF THE SUCCESSFUL BIDDER WIII BE , RETURNED AFTER HE ENfiERS INTO CONTRACT AND FURNISHES SATISFACTORY PERFORMANCE BOND. 9. LAYING OUT THE WORK: , A. THE OWNER WILL PROVIDE FIELD CREWS AS NECESSARY TO ESTABLISH CONTROL LINES AND INDICATE PLAN LINE AND GRADE. THE CONTRACTOR MUST TAKE EVERY ' REASONABLE PRECAUTION NECESSARY TO PRESERVE AND MAINTAIN STAKES AND REFERENCE POINTS THROUGHOUT EACH PHASE OF THE WORK. FAILURE TO DO SO WILL RESULT TN DEDUCTIONS FROM CONTRACT PAYMENTS IN THE AMOUNT OF THE DIRECT AND INDIRECT COSTS OF REPLACEMENTS. ' INSTRUCTIONS TO BIDDERS ' PAGE 2 OF 5