Iola Subarea Modernization Value: $1,000,000 to $3,000,000 Budget: $2,493,066 Each bid submitted in connection with this Project shall be accompanied by a certified check, cashier's check or bid bond in the amount of five percent (5%) of the base bid, payable without condition to the State of Kansas. In the event of an award, the responsible bidder offering the lowest bid price meeting Specifications will be required to enter into a Contract and provide proof of insurance in the amount required for the project. Said bidder shall also provide a Performance Bond for the full amount of the Contract. In addition, the bidder will be required to furnish a Public Works Bond for a project of $100,000 or greater, for the full amount of the contract. A Certificate of Deposit, in an amount of 100% of the Contract amount, may be substituted for a Performance and Public Works Bond. All the above documents must be completed and returned within fifteen (15) calendar days after their receipt. Failure to return these documents within the required time period may cause a cancellation of the award and a forfeiture of the full amount of the bid guaranty. Procurement and Contracts may also suspend a bidder from bidding State construction work for six (6) months for failure to comply with this section. A Contract will be awarded to the lowest responsible bidder meeting conditions and specifications imposed in the call for bids, but the Director, Procurement and Contracts reserves the right to accept any or all bids or to reject any or all bids for sufficient reason(s) and to waive all technicalities if deemed to be in the best interest of the State of Kansas. The Procurement and Contracts and Office of Facilities and Property Management reserve the right to withhold issuance of a Notice to Proceed until all documents are received if they are uncertain of the Contractor's ability to obtain the required bonds. The Owner reserves the right to accept or reject any or all alternate bids and unit prices. Surety: Approved surety bound with and for the Contractor to insure his acceptable performance of the Contract and for his payment of all obligations under the Contract. Any work completed by the Contractor outside the original project scope without written approval from the Project Architect/Engineer will be deemed as a waiver by the Contractor for additional compensation for said work. payable without condition to the State of Kansas, the sum of which it is agreed will be forfeited as liquidated damages for the delay and extra expense caused the owner if the undersigned fails to execute the Contract and to furnish the bonds and insurances required by the Construction Contract Documents. Liquidated damages are prescribed in Document E, Article 49 - Liquidated Damages, and are hereby agreed to by all parties. The Owner shall be entitled to liquidated damages to cover the costs of alternate facilities, extra observation, the salaries of contingent forces and other expenses incurred by the Owner due to delays in completion of the work caused by the Contractor. Liquidated damages are established at the rate of Two Hundred Fifty ($250.00) Dollars per calendar day. Questions concerning the Instructions to Bidders, Form of Contract, Insurances and Bonds shall be addressed to the Office of Procurement and Contracts, Department of Administration, Suite 451S, 900 S.W. Jackson Street, Topeka, Kansas 66612, telephone (785) 296-0002. *The value for this project is based on a financial range. The value is listed as the highest possible cost from the range provided by a stakeholder or official project document.