It is the intent of the Columbus Consolidated Government (City) to establish an annual contract with a qualified contractor that meets or exceeds the requirements of the specifications to provide a maximum comprehensive industrial water treatment management program for the cooling towers, boilers, and water chiller closed loop systems for City buildings operated by the City. This treatment program will include, but is not limited to, remove and clean grates, repair sections with water leaks, all prevention of mineral scale, corrosion and bacterial growth in the water systems, water conservation, technical support, service, equipment repair and reporting. See Technical Specifications and Equipment Specifications, Pages 17-25. The contract period will be for two (2) years with the option to renew for three (3) additional twelve-month periods. Amount of Bid Security. Bid security shall be in an amount equal to at least five percent (5%) of the bid amount. a performance bond satisfactory to the City executed by a surely company authorized to do business in the State, or otherwise secured in a manner satisfactory to the City, amounting to one hundred percent (100%) of the price specified in the contract; a payment bond satisfactory to the City executed by a surety company authorized to do business in the State or otherwise secured in a manner satisfactory to the City, to protect all persons supplying labor and material to the contractor or its subcontractors for the performance of the work provided for in the contract, amounting to one hundred percent (100%) of the price specified in the contract. The City reserves the right to waive any minor informality or irregularity. The City reserves the right to reject any and all bids. Questions concerning specifications must be submitted, in writing, at least 5 (five) working days (Monday-Friday) prior to receipt date. Questions received less than five working days prior to receipt date will not be considered.