construction of Traffic Signal Improvements, Improvement District No. TN-23-A2 of the following: Deer Creek Parkway / 55 Ave S and 42 St S / 47 Ave S Bids shall be on the basis of cash payment for work performed. All work included in the contract must be fully completed on or before December 15, 2024. Bid Submissions: Bidders shall submit their bids online. No online bid will be opened, read or considered if it does not fully comply with the document submission requirements of the vBid system, including but not limited to the ACKNOWLEDGEMENT BY THE BIDDER OF RECEIPT OF ALL PROJECT ADDENDA and the submission of A BIDDER'S BOND IN THE AMOUNT OF 5% OF THE FULL AMOUNT OF THE BID executed by the bidder as principal and by a surety, conditioned that if the principal's bid is accepted and the contract awarded to the principal, the principal, within 10 days after notice of award, shall execute a contract in accordance with the terms of the bid and a contractor's bond as required by law and the regulations and determinations of the governing body. Countersignature of a bid bond is not required under this section. All bidders, except a bidder on a municipal, rural, and industrial water supply project authorized for funding under Public Law No. 99-294 [100 Stat. 426; 43 U.S.C. 390a], must be licensed for the full amount of the bid, as required by N. D. Cent. Code Section 43-07-07. Bidder must be the holder of a Contractor's License at least ten days before the date set for receiving bids to be a qualified bidder and a copy of the Contractor's License issued by the Secretary of State must be included in the online bid submission as required under N. D. Cent. Code Section 43-07-12. No bid may be read or considered if it does not fully comply with these requirements and any deficient bid submitted will be rejected via the Quest CDN vBid platform and will not be opened. Plans and specifications are also on file in the office of the City Engineer and the City Auditor, City Hall, Fargo, North Dakota, where they may be examined by any interested person. The Board of City Commissioners of the City of Fargo, North Dakota, reserves the right to hold all bids for a period of thirty days after the first day fixed for the opening of the bids, and the right to reject any or all bids and to waive any formalities.