02-121589 Document deposit will be refunded in whole if the set delivered is returned in good condition, including all addenda issued, within ten (10) days after the bid opening. Each Bid shall be accompanied by a certified or cashiers check or bid bond made in favor of the Board of Trustees, Mountain Union Elementary School District, executed by the bidder as principal and an admitted surety company as surety. All bonds for this project must be issued by an Admitted Surety, an insurance organization authorized by the Insurance Commissioner to transact business of Insurance in the State of California during this business year, in an amount not less than ten percent (10%) of the maximum amount of the bid. The check or bid bond shall be given as guarantee that the bidder shall execute the contract if it be awarded to them in conformity with the Contract Documents and shall provide the surety bond as specified therein within five (5) days after notification of the award of the contract to bidder. It shall be mandatory upon the Contractor to whom a contract is awarded, and upon all subcontractors under them, to pay not less than the general prevailing rates of per diem wages to all workers in the execution of the contract. Pursuant to the provisions of the California State Labor Code, and Local Laws thereto applicable, the said Board of Trustees has ascertained the prevailing rate of wages in the locality where this work is to be performed, for each craft and/or type of worker or mechanic needed to perform the work of this contract. General Prevailing Wage Rates shall be those rates pertaining to Shasta County as published by the Department of Industrial Relations (DIR) pursuant to California Labor Code, Part 7, Chapter 1, Article 2, Sections 1770, 1773, and 1773.1 Each contractor and subcontractor must be registered with DIR prior to submitting a bid. The District has set an overall goal for this Project that Bidders obtain a minimum 3% of their bid amount in participation by certified Disabled Veteran Business Enterprises (DVBE). The participation may be through work or supply of materials. If a Bidder is unable to obtain the full 3% participation by one or more DVBEs, then the bid may be found responsive only if it establishes good faith efforts to meet the goal. The requirements for good faith efforts are set forth in Section 00 48 00 DVBE Requirements in the project specifications. The bidder awarded this contract may elect to receive 100% of payments due under the contract from time to time without retention of any portion of the payment by the public agency, by depositing securities of equivalent value with the public agency in accordance with the provisions of the Public Contract Code. The Mountain Union Elementary School District reserves the right to reject any or all bids or waive any defect or irregularity in bidding.