The proposed project consists of renovation to 11 existing Downtown Anamosa storefront buildings as listed below, described in the construction documents, and generally includes selective demolition, door, window, and wall repair and replacement, painting, masonry renovation such as brick replacement, repointing, repair, and replacement, and work associated with these items. Each bid shall be accompanied by a bid bond, certified check, cashier's check or credit union certified share draft, in a separate sealed envelope in an amount equal to five percent (5%) of the total amount of the bid. If bid bond is submitted, it must be on an approved AIA bid bond form. The certified check or cashier's check shall be drawn on a bank in Iowa or a bank chartered under the laws of the United States of America; certified share draft shall be drawn on a credit union chartered under the laws of the United States. Bid security should be made payable to the Owner as security that if awarded a contract the bidder will enter into a contract at the prices bid and furnish the required Contractor's Bonds, Certificate of Insurance, and other materials as may be required in the contract documents. The certified check, cashier's check, or certified share draft may be cashed, or the Bid Bond forfeited, and the proceeds retained as liquidated damages if the Bidder fails to execute a contract and file acceptable Certificate of Insurance within ten (10) days after the acceptance of the proposal by the Owner. No bidder may withdraw a proposal within thirty (30) days after the date set for opening bids. Pursuant to the requirements of that grant, Davis-Bacon wage rates are to be used on this project. Current wage rates were inserted in this specification and it is the Contractor's responsibility to make sure that they are using the most current rates at the time of bid opening. Wage rates should be reviewed prior to submitting a proposal the day of the bid opening. The work under the contract shall commence on or before the date specified in the written Notice to Proceed or in lieu of the notice to proceed, the execution of the contract for construction, and shall be Substantially Completed on or before July 1, 2024 and fully completed and ready for acceptance no later than July 31, 2024 One Thousand Dollars and Zero Cents ($1,000.00) per calendar day after the date indicated for substantial completion. The Owner hereby reserves the right to reject any or all bids and to waive informalities and irregularities and to accept the lowest responsive and responsible bid.