Construction of a new production well and raw water pipeline. The project includes electrical, site work, site piping, and miscellaneous appurtenant work. Est. Value: $ 600,000.00 Est. Completion Date: June 15, 2025 Each proposal shall be accompanied by a certified or cashier's check drawn on a solvent Iowa bank, or a bank chartered under the laws of the United States, or by a share draft drawn on an Iowa credit union or a credit union chartered under the laws of the United States, made payable to the City of Rock Valley, Iowa. Checks shall be in the amount of ten percent (10%) of the amount of the bid. In lieu of a certified or cashier's check, each proposal may be accompanied by a bid bond, issued by a company authorized to contract as surety in Iowa. Bid bonds shall be in the amount of ten percent (10%) of the amount of the bid. The certified or cashier's check, share draft or bid bond shall be forfeited and redeemed with the proceeds retained by the Owner as liquidated damages if the Bidder fails to execute a contract and file an acceptable bond for the faithful performance thereof, within ten (10) days after the acceptance of his bid. Bid securities of the lowest two or more Bidders may be retained for a period not to exceed thirty (30) days until a contract is awarded or rejection made. Other bid securities will be returned after the canvass and tabulation of bids is completed. If a bid bond is used it should be in substantially the same form as the bid bond form set out in the Project Manual. he successful Bidder will be required to furnish performance and payment bonds each in an amount equal to one hundred percent (100%) of the contract price, said bonds to be issued by a responsible surety approved by the Owner, and shall guarantee the faithful performance of the contract and the terms and conditions therein contained and shall guarantee the prompt payment of all material and labor and protect and save harmless the Owner from claims and damages of any kind caused by the operations of the Contractor and shall also guarantee the maintenance of all improvements for a period of two (2) years from and after the completion and acceptance of the Owner. All eligible contractors/subcontractors must: Be registered with the Iowa Division of Labor; Meet any and all State licensing requirements (electrical, plumbing, mechanical, etc.); and, be approved by the Iowa Economic Department Authority as not being on the U.S. Department of Housing and Urban Development's or the U.S. Department of Labor's list of debarred or suspended contractors. The Owner hereby reserves the right to reject any or all bids, to waive informalities and to enter into contract with the lowest, responsive, responsible Bidder. Question Deadline 10/15/2024 All questions about the meaning or intent of the Bidding Documents are to be submitted to Engineer in writing. Questions received less than seven days prior to the date for opening of Bids may not be answered.