The work to be performed under this contract includes the following: Lead and galvanized water service line replacements throughout the Borough of Hawthorne. Principal items of work in the project include: . Installation of 274 new water service lines from main to curb and curb to customer meter. The work contemplated under this Contract shall be completed within 200 calendar days from the date of execution of the Contract. This project is funded in part by the New Jersey Environmental Infrastructure Bank and the successful bidder must comply with all the provision of N.J.A.C. 7:22-9.1 et. seq. for the participation of Socially and Economically Disadvantaged Individuals (SED's). Each bid must be made upon the prescribed forms furnished with the contract documents, including the non-collusion affidavit and ownership statement compliance form and must be accompanied by a Consent of Surety and a certified check, cashier's check, or Bid Bond in the amount of ten (10%) percent of the amount bid, not to exceed $20,000.00. N.J.S.A. 40A:11-21. Such checks and Bonds shall be made payable to the Owner and will be held as a Guarantee that in the event the Bid is accepted and a Contract awarded to the bidder, the Contract shall be duly executed and its performance properly secured. The successful bidder shall furnish and deliver to the Owner a performance and payment bond in the amount of 100 percent of the accepted bid amount as security for the faithful performance and payment of the Contract. Further, the successful bidder must furnish the policies or Certificates of Insurance required by the Contract. In default thereof, said checks and the amount represented thereby will be forfeited to the aforesaid Owner as liquidated damages. Bids must be accompanied, in the case of corporations not chartered in New Jersey, by proper certificate that such corporation is authorized to do business in the State of New Jersey. Further, the successful bidder must furnish the policies or Certificates of Insurance required by the Contract. In default thereof, said checks and the amount represented thereby will be forfeited to the aforesaid Owner as liquidated damages. Bids must be accompanied, in the case of corporations not chartered in New Jersey, by proper certificate that such corporation is authorized to do business in the State of New Jersey. All corporations and partnerships must comply with Chapter 33, of the P.L. of 1977, regarding disclosure of partners and stockholders. This contract or subcontract is expected to be funded in part with the funds from the New Jersey Department of Environmental Protection (NJDEP) and the New Jersey Infrastructure Bank (NJIB). Neither the State of New Jersey, the New Jersey Infrastructure Bank nor any of their dependents, agencies or employees is, or will be, a party to this contract or subcontract or any lower tier contract or subcontract. This contract or subcontract is subject to the provisions of N.J.A.C. 7:22-3, 4, 5, 9 and 10. The successful bidder will be required to comply with all the provisions of prevailing wage rates as determined by the New Jersey Department of Labor. A copy of the prevailing wage rates are on file for public inspection at Boswell Engineering, 330 Phillips Avenue, South Hackensack, New Jersey 07606, between the hours of 9:00 a.m. and 4:00 p.m. prevailing time, Monday through Friday, excluding legal holidays. All bid security, except for the security of three apparent lowest responsible bidders, shall be returned, unless otherwise requested by the bidder, within 10 days after the opening of the bids as per L.P.C. 40A:11-23. All bids shall be irrevocable, not subject to withdrawal and shall stand available for a period of sixty (60) days in accordance with L.P.C. 40A:11-24. The Owner and Bidder may agree to hold bids for consideration for a longer period of time, in accordance with the Local Public Contract Law, N.J.S.A. 40A:11-1, et. seq. The Owner reserves the right to reject any and all bids, to waive informalities or irregularities in the bids received and to accept the bid from the lowest responsible bidder as per N.J.S.A. 40A:11-16(c). The project will be awarded within 60 days of bid opening in accordance with N.J.S.A. 40A:11-24.