Closing Time: 3:00 PM (NT) **There has been 1 addendum added to this tender** Question Acceptance Deadline: 2023/10/18 03:00:00 PM NDT This procedure shall apply to all work done for Memorial University of Newfoundland with respect to the provision of services as outlined below. Memorial University reserves the right to exempt a Contractor from this element, in whole or in part, based upon an evaluation of the risk of the work being conducted. This evaluation must comply with the hazard identification and risk management element. Bids shall be accompanied by a copy of a bid security by way of a Bid Bond from a surety company acceptable to the Owner and which is licensed to do business in the Province of Newfoundland and Labrador or a copy of a cheque in the amount of 10 percent of the bid price. Originals to be delivered to Memorial University post open call closing. Bid security will not be required for a total contract value of $100,000 or less (HST included), unless specifically called for in the contract documents. The bid security will be returned to the Bidder upon receipt of the required Performance Bond and Labour and Materials Payment Bond as described in the General Conditions for the Stipulated Price Contract. The University's standard payment terms are net 30 days after delivery of goods, or net 15 days after successful completion of installation as applicable. In the case of services, payment terms are also net 30 days after successful completion of the service. These terms shall also apply in the case of sub-contracted items. Prepayments will not be considered unless the supplier provides an irrevocable standby letter of credit, or the supplier provides a credit reference from its banker (in conjunction with a 50% materials and labour bond and a 50% performance bond) satisfactory to the Director of Financial and Administrative Services. Official bid documents must be obtained from www.merx.com and bid submissions must be done through the Merx platform. *The bid list for this project may be incomplete. If you have been invited to bid on this project by the owner, please notify our editorial staff at contentcase@constructconnect.com.