Each BID must be accompanied by a BID BOND payable to the City of Urbana in the amount of five percent of the total amount of the BID. The Bid Bond of the three lowest bidders for the CONTRACT will be held until receipt of a signed CONTRACT and CONTRACT BOND. All other BID BONDS will be returned after comparison of the BIDS.
A CONTRACT BOND in the total amount of the contract price with a corporate surety approved by the City will be required for the faithful performance of the CONTRACT. The BID forms and plans may be examined and copies obtained at the office of the City Engineer, 706 South Glover Avenue, Urbana, Illinois 61802.
PRE-BID CONFERENCE: A pre-bid conference will be held prior to the Bid opening 2:00 P.M. prevailing time on FEBRUARY 15, 2017 at the office of the City Engineer, 706 South Glover Avenue, Urbana, Illinois, 61802 to familiarize Bidders with this Project.