DESCRIPTION OF PROJECT: 14,154 sf renovations of the 2 story King Building for the Housing Authority of the City of Winston-Salem, NC. Each Bid shall be accompanied by a certified check, cashier's check, or Bid bond issued by a guaranty company authorized to carry on business in the State of North Carolina, in an amount equal to at least five percent (5%) of the sum of the total bid amount, including any options. Said bond is payable without condition to the Housing Authority of the City of Winston-Salem as a guaranty that the bidder, if awarded the contract, will promptly execute the contract in accordance with the Bid in the manner and form required by these contract documents. The Bid Security shall be forfeited to the Housing Authority of the City of Winston-Salem as liquidated damages in the case of failure or neglect of the bidder to furnish, execute and deliver to the Housing Authority of the City of Winston-Salem the required performance bond, payment bond and evidences of insurance, and to enter into, execute and deliver to the Housing Authority of the City of Winston-Salem the contract within ten (10) days after being notified in writing by the Housing Authority of the City of WinstonSalem that the award has been made and the contract is available for signature. Payment Bond The Successful Bidder will be required to furnish a Payment Bond in an amount equal to one hundred (100%) of the total amount of the contract before commencement of the work and conforming to the contract documents. Performance Bond The Successful Bidder will be required to furnish a Performance Bond in an amount equal to one hundred percent (100%) of the total amount of the contract before commencement of work and conforming to the contract documents. All questions must be submitted no later than Thursday, December 28 2023 at 2:00 PM (EST). All questions must be submitted in writing to Miguel Acosta macosta@haws.org All questions will be answered in writing and an addendum issued and posted electronically. No questions will be responded to after the question and answer period has expired. Late Submissions, Modifications, and Withdrawal of Bids: Any bid received at the place designated in this solicitation after the exact time specified for receipt will not be considered. The only acceptable evidence to establish the time of receipt at HAWS is the time/date stamp of HAWS on the proposal package submittal. Bidders shall be permitted to withdraw their bids in writing prior to bid opening. The written notice may be forwarded to Miguel Acosta at 500 West Fourth St, Suite 300 Winston-Salem, NC. The notice must be received at any time before 10:00 AM (EST) on Tuesday, January 9, 2024. The Agency reserves the right to: Right to Reject, Waive, or Terminate the IFB. Reject any or all bids, to waive any informality in the IFB process, or to terminate the IFB process at any time, if deemed by the Agency to be in its best interests. Right to Not Award. Not to award a contract pursuant to this IFB. Right to Terminate. Terminate a contract awarded pursuant to this IFB, at any time for its convenience upon 10 days written notice to the successful bidder(s). Right to Determine Time and Location. Determine the days, hours, and locations that the successful bidder(s) shall provide the services called for in this IFB. Right to Retain Bids. Retain all bids submitted and not permit withdrawal for a period of 60 days subsequent to the deadline for receiving bids without the written consent of the Agency Executive Director (ED). Right to Negotiate. Negotiate the fees proposed by the bidder entity. Right to Reject any Bid. Reject and not consider any bid that does not meet the requirements of this IFB, including but not necessarily limited to incomplete bids and/or bids offering alternate or non-requested services. No Obligation to Compensate. Have no obligation to compensate any bidder for any costs incurred in responding to this IFB. Right to Prohibit. At any time during the IFB or contract process to prohibit any further participation by a bidder or reject any bid submitted that does not conform to any of the requirements detailed herein. Each prospective bidder is thereby agreeing to abide by all terms and conditions listed within this document and further agrees that he/she will inform the PM in writing within 5 days of the discovery of any item listed herein or of any item that is issued thereafter by the Agency that he/she feels needs to be addressed. Failure to abide by this timeframe shall relieve the Agency, but not the prospective bidder, of any responsibility pertaining to such issue.