Replacement of Rec-Plex Natatorium Exterior Doors Question Deadline 09/17/2024 at 12:00 PM CT All questions regarding this project shall be submitted to the City of St. Peters Purchasing Department in writing to Bids@stpetersmo.net under the subject line "24-168 - Replacement of Rec-Plex Natatorium Exterior Doors". The City reserves the right to waive any informality in bidding, and to accept the bid most advantageous to the City Bidder hereby agrees to commence work under this contract on or after a date to be specified in a written "NOTICE TO PROCEED" of the owner and to fully complete the project by December 1, 2024, as stipulated in the specifications. Liquidated damages of $200.00 a day will apply. Upon receipt of written notice of the acceptance of this bid, bidder will execute the formal contract attached within ten (10) calendar days and deliver a surety bond or bonds as required. The bid security attached in the sum of five percent (5%) ($ ) is to become the property of the OWNER in the event the contract and bonds are not executed within the time set forth above, as liquidated damages for the delay and additional expense to the OWNER caused thereby. Payment Bond/Performance Bond will be required for any single award of $50,000.00 or over. The successful bidder shall furnish at his own expense corporate surety bonds in a sum equal to the full amount of the contract, running to City of St. Peters, Missouri, to ensure the faithful performance of all contract provisions and to ensure prompt payment to those furnishing materials or performing labor. Bonds shall guarantee the faithful performance of the prevailing wage when prevailing wage is required to be paid on the Project by applicable law. Contractor shall pay not less than the prevailing wage included herein to all workers performing work under the contract when prevailing wage is required to be paid on the Project by applicable law. These bonds, in part or all, are to be forfeited to the City in the event that the terms of the contract are not met in total by the successful bidder. Costs (if any) of these bonds shall be incorporated in the proposal submitted. Bonds must be furnished to the City within ten days upon award of contract, or bidder shall be deemed in default and award may be cancelled. The OWNER reserves the right to require the successful bidder to file proof of his ability to properly finance and execute the project together with his record of successful completion of similar projects. The OWNER reserves the right to reject any and all bids, offers or proposals submitted, or to advertise for new bids. The OWNER reserves the right to defer the acceptance of any proposal and the execution of a contract for a period not exceeding sixty (60) calendar days after the date of opening of the bids. The successful bidder to whom the contract has been awarded shall sign the contract documents within ten (10) calendar days after the OWNER issues the Notice of Award.