Each bid must be accompanied by (1) cash; or (2) a Cashier's Check or a Certified Check of the Bidder in an amount not less than 5% of the bid, made payable to the Owner; or (3) a bidder's bond on the Bid Bond Form provided herein or on a similar form which in every respect materially complies with said Bid Bond, in the amount of 5% of his bid. For purposes of this provision, the amount of the bid shall be the Base Bid plus all positive amount alternates. The Bidder's bond shall be issued by a surety company licensed to conduct business in the state of North Carolina and acceptable to the Owner. All bidders shall include in their bid the costs of a Performance Bond and a Labor and Material Payment Bond. The cost of bonds covering the base bid work is to be carried in the base bid only. The cost of bonds covering any alternate scopes of work is to be included within each individual alternate bid. The successful bidder shall furnish a Performance Bond in an amount equal to one hundred percent (100%) of the Contract Sum as security for the faithful performance of this Contract and also a Labor and Material Payment Bond in an amount not less than one hundred percent (100%) of the Contract Sum, as security for the payment of all persons performing labor and furnishingmaterials under this Contract. The Substantial Completion date will be September 16, 2022, and Final Completion to be October 14, 2022. In the event of delay in Substantial of Final completion, the Contractor shall pay liquidated damages to DPS in the amount of Two Hundred Fifty ($250.00) per day. The Owner expressly reserves the right to reject any or all bids, to waive any informalities or irregularities in the bids received, and to accept that bid which in its judgment, best serves the interest of the Owner. For questions regarding this bid, please contact: Durham Public Schools Purchasing Department: Dist.Purchasing@dpsnc.net Subject line: "4505 S. Alston"