Each proposal must be accompanied by a Surety's Consent and a Certified Check, Cashier's Check or Bid Bond at the Bidder's discretion for not less than ten percent (10%) of the amount of the bid, payable to the Township of Monroe, New Jersey except that the amount of the check shall not exceed $20,000. The same Surety shall be bound to furnish Performance Bonds that hereinafter may be required. The successful Bidder will be required to furnish, within ten (10) days after the award, a Surety's Corporation Performance Bond equal to one hundred percent (100%) of the Contract Price, such Surety Company to be acceptable to the Township of Monroe and authorized to do business in the State of New Jersey. This work is subject to the provisions of the New Jersey Prevailing Wage Act. All bidders on this contract for public work will be required to name all subcontractors at the time the bid is made. At the time of bid opening, contractors shall submit to the public entity the Certificates of Registration and a valid Public Works Contractor Registration for themselves and all subcontractors listed in the bid proposal. No contractor or subcontractor shall engage in the performance of public work subject to this contract unless the contractor and all subcontractors are registered under the Public Works Contractor Registration Act and hold a valid State of New Jersey Business Registration Certificate. Bids without both valid documents for each contractor and subcontractor will not be considered. Bids must be made on the Standard Proposal Form provided in the manner designated herein. The Bid must be enclosed in sealed envelopes bearing the name and address of the bidder and labeled: 2023 Concrete Improvements Various Locations addressed to the Monroe Township Clerk, Monroe Twp. Municipal Complex, 1 Municipal Plaza, Monroe Township, NJ 08831. 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. The Township reserves the right to reject any or all Bids, to waive any informalities, or to accept the bid which, in its judgment, best serves the interest of the Township. Bids may be held by the Township for a period of sixty (60) days from the date of the receipt of bids for the purpose of reviewing the bids and investigating the qualifications of the bidders, prior to awarding the contract. It is expressly required that the contractor will have the enclosed documents reviewed by an attorney of his own selection. Such legal review will permit the contractor to have a clear evaluation of the legal adequacy and intended requirements of the enclosed material, and establish any areas whose additional explanation or clarification is required prior to bid submission.