Should you require any additional information, you may contact Procurement at (847) 228-2479. Written questions about this IFB/RFP shall be submitted to QuestionsAndAnswers@pacebus.com will be accepted from until 2:00 PM CST on September 27, 2023. No late submittals will be accepted. The DBE goal for this project is 12%. Bid Guarantee. Contractor shall furnish a Bid Guarantee in the form of a bid bond issued by a responsible bank or trust company and made payable to Pace. The amount of the Bid Guarantee shall be equal to 5% of Contractor's total Bid price. A Performance Guarantee satisfactory to Pace and in an amount equal to 100% of this Contract's value is required to ensure faithful performance of this Contract. Contractor shall provide Pace with either a Performance Bond (AIA Document A311) or an Irrevocable Stand-by Letter of Credit. Those Performance Guarantees shall remain in full force and effect for the term of this Contract or Contractor's warranty obligations under this Contract, whichever is longer. Contractor shall certify that it will provide the requisite Performance Guarantee to Pace within 10 business days after Contract award. Pace requires a fully qualified surety company acceptable to Pace and listed as a company currently authorized under 31 C.F.R. part 223 as possessing a Certificate of Authority as described under that regulation to provide all Performance Bonds. Pace may require additional performance bond protection when the Contract price is increased. The increase in protection shall generally equal 100% of the increase in the Contract price. Pace may secure additional protection by directing Contractor to increase the amount of the existing bond or to obtain an additional bond. Contractor shall furnish Pace with a Labor and Materials Payment Bond (AIA Document A311; no other form will be accepted) satisfactory to Pace and in an amount equal to the full value of this Contract, plus interest due on that amount, within 10 days after Contract award as security for payment by Contractor and subcontractors for labor, materials, and rental of equipment. A fully qualified surety company acceptable to Pace and listed as a company currently authorized under 31 C.F.R. part 223 as possessing a Certificate of Authority as described under that regulation may issue that bond. Pace has determined that the SBE set-aside percentage for this Contract is 0%. The question and answer period is extended until Tuesday, October 24, 2023 at 2:00 P.M. Questions received after this date and time will not be accepted