Bid prices shall remain firm for a period of sixty (60) days. The work to be performed includes the furnishing of all labor, materials and equipment necessary to complete the road repaving, drainage, retaining wall and other work as described in the specifications Any envelope that is received that is not properly marked causing it to be opened prior to the bid will be invalidated. Bids may be received before the hour designated in this office, if they are mailed or hand delivered in person. The Township of Randolph will not be responsible for any bid that is sent by mail or other form of carrier which is lost or which arrives after the bid date and time Sealed Bids must be accompanied by: (1) a certified check, cashier's check or bid bond, payable to the Township of Randolph, in an amount equal to 10% of the bid (based upon the highest total bid, if alternate bids are involved), but not to exceed $20,000, and (2) a duly executed Certificate of Surety and Power of Attorney on the standard New Jersey Statutory bond form, as set forth in the Bid Specifications, issued by a surety company licensed to do business in the State of New Jersey. Bidders are required to comply with the requirements of N.J.S.A. 10:5-31 et seq. and N.J.A.C. 17:27 et seq. Bidders are required to comply with the provisions of the New Jersey Prevailing Wage Act, Chapter 150 of the Laws of 1963, effective January 1, 1964, as amended by Chapter 64 of P.L. 1974 (N.J.S.A. 34:11-56.25 et seq.), the Public Works Contractor Registration Act, P.L. 1999, c. 238, as amended from time to time (N.J.S.A. 34:11-56.48 et seq.), and the requirements of P.L. 1977, c. 33, as amended by P.L. 2016, c. 43 (N.J.S.A. 52:25-24.2), requiring ownership disclosure. The Township reserves the right to reject all bids, to waive immaterial informalities, and/or to accept the bid which, in the opinion of the Township, will be in the best interest of the Township, all in accordance with the New Jersey Local Public Contracts Law, N.J.S.A. 40A:11-1 et seq.