The Housing Authority of the City of Decatur, Alabama (hereinafter, "DHA or Decatur Housing Authority") is a quasi-municipal corporation authorized by the State of Alabama, Morgan County, to operate in the City of Decatur, Alabama. DHA is governed by a five-member Board of Commissioners (Board) that is appointed by the mayor and serves staggered five-year terms. The Board is the policy-making body of DHA. Currently, DHA owns and/or administers 3 individual Asset Management Projects (AMPs), comprised of 600 public housing units. DHA also administers 56 apartment units and 40 scattered site single-family rental homes owned and rented by Decatur Housing Development Corporation (hereinafter, "DHDC"). In addition, DHA administers 730 Section 8/Housing Choice Vouchers. DHA currently has approximately 29 full-time regular employees and 1 part-time employee. Your response to the Scope of Services and/or Technical Specifications must be complete, as it will become part of any contractual agreement. We appreciate the investment of time and resources firms are making by participating in this process. All submitted bids shall be evaluated for responsiveness to the requirements of the Invitation for Bids ("IFB"). Those responses not in accordance with the Invitation for Bids shall be deemed non-responsive and eliminated from further evaluation. Right to Reject, Waive, or Terminate the IFB. Reject any or all bids, to waive any informality in the IFB process, or to terminate the IFB process at any time, if deemed by the DHA to be in its best interests. Bid Bond. The bid bond or guarantee equivalate to 5% of the bid price shall be included in the bid package submitted by each bidder for any proposed fee that is greater than $50,000. This bond ensures that if awarded the contract, the bidder will accept and perform the work under the contract. It also ensures that the bidder will not attempt to withdraw or otherwise not fulfill the contract. Finally, the bid bond ensures that the bidder will execute the contractual documents that are required within the time specified in the solicitation or forfeit all or part of the guarantee. A certified check, bank draft, U.S. Government Bonds at par value, bid bond secured by an acceptable surety company, or other negotiable instrument may be accepted as a bid guarantee. Performance and Payment Bond. The bidder agrees to provide DHA with a satisfactory and will be submitted by the successful bidder prior to execution of payment and performance bond executed by the bidder and a corporate surety qualified to do business in Alabama, in an amount equal to, but not less than one hundred percent (100%) of the bid amount. The bond will be the original, certified copy of the contract. Performance Bond. The performance bond is meant to ensure that the contract is successfully completed. The performance bond guarantees that if the Contractor is unable to complete the contract, the surety company will step in to finish the work. In the case of a letter of credit or cash escrow, the DHA may use these funds to complete the contract work. Payment Bond. Time of Completion. The Contractor shall commence work under the ensuing contract on a date to be specified within the Notice to Proceed form issued by the Agency and shall fully complete all work thereunder within 180 consecutive calendar days from said date.