Each bid shall be submitted in accordance with the Instructions to Bidders, including but not limited to being accompanied by a Bid Bond or Certified Check for not less than ten percent (10%) of the total of the base bid and alternate bids amount payable to the Borough of Perkasie. The successful Bidder shall be required to furnish proof of insurance, performance and payment bonds for 100% of the amount of the contract and maintenance bond in such form as meets the approval of the Borough of Perkasie and having as security thereon such Surety company or companies as are approved by the Borough of Perkasie. This project is not subject to applicable provisions of Act 422, Pennsylvania Prevailing Wage Act, as amended. A Bid may be modified or withdrawn by an appropriate document duly executed in the manner that a Bid must be executed and delivered to the place where Bids are to be submitted prior to the date and time for the opening of Bids. Bids may be withdrawn within two (2) business days after the opening of Bids only by the withdrawing Bidder's strict compliance with 73 P.S. 1602 and any subsequent amendments. No Bidder may withdraw his bid within sixty (60) days after the date set for the opening of the bids, or for such longer period of time that Bidder may agree to in writing upon request of Owner. The Borough of Perkasie reserves the right to reject any and all bids for any cause whatsoever, to eliminate any item or items from the contract, and to waive any informality in the bids. This contract involves a base bid for the cleaning, preparation and painting of three (3) exterior walls on Borough Hall at 620 West Chestnut Street in Perkasie Borough. All material, labor, and equipment necessary shall be in accordance with ASTM, VOC, IBC, OSHA, and Borough Standards The Work will be substantially completed within 45 calendar days after the date when the Contract Times commence to run as provided in Paragraph 2.03 of the General Conditions, and completed and ready for final payment in accordance with Paragraph 14.07 of the General Conditions within 60 calendar days after the date when the Contract Times commence to run