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September 26, 2024
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70 Colombine Driveway
Renovation
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$300,000.00
Public - Federal
70 Colombine Driveway, Ottawa, ON
Reference Number 0000278284 Question Acceptance Deadline Sep 23, 2024 02:00 PM EDT Pricing Lump sum Urgent - Post Flood Restoration Bid Securities mean a bid bond and suretys consent as defined below: (a) Bids submitted at $100,000 or greater shall include the following by the Closing Date and Time: i. A bid bond in a commercially reasonable form or an irrevocable standby letter of credit issued by a financial institution authorized to conduct business in Canada as a Schedule I or Schedule II chartered bank in the amount of at least 10% of the Bid Price and that shall be in effect until forty-five (45) calendar days following Closing Date. AND ii. A surety's consent indicating that, in accordance with section 5.18.1. of this ITT, the surety company will furnish the contract security which shall include a 50% performance bond and a 50% labour and materials payment bond of the Bid Price or a consent from the Schedule I or Schedule II chartered bank that an irrevocable standby letter of credit in the amount of 50% of the Bid Price will be furnished. Official bid documents must be obtained from www.bgis.merx.com and bid submissions must be done through the Merx platform.
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