Concrete Panel Replacement

A certified check or satisfactory Bid Bond payable to the City of Beloit in the amount of 5% of the Bid shall accompany each bid as a guarantee, that if the bid is accepted, the bidder will execute and file the Agreement, the Contract Performance Bond and Payment Bond, as required by the Contract Documents, within ten (10) days after the Notice of Award of the Contract by the City of Beloit. Failure of the part of the Bidder to do so will result in forfeiture of the Bidders certified check or Bid Bond to the City of Beloit as liquidated damages. The Bidder to whom a Contract is awarded shall be required to furnish both a Performance Bond and a Payment Bond acceptable to the City of Beloit for 110% of the Contract Price for each of the above Bonds, in accordance with the requirement of the Contract Documents. The City of Beloit reserves the right to reject any and all bids, waive any informalities in bidding, or to accept the bid or bids, which best serve the interests of the City of Beloit. No bid shall be withdrawn for a period of sixty (60) days after the schedule opening of the bids without the consent of the City of Beloit.

Division 32 -	Exterior Improvements, Operation and Maintenance of Exterior Improvements.
Division 34 -	Transportation, Operation and Maintenance of Transportation.