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Notice Inviting Bids City of Colton REHABILITATION OF WELL AND PUMPING UNIT WELL PLANT NO. 22 NOTICE IS HEREBY GIVEN that the Purchasing Coordinator, on behalf of and as authorized by the CITY OF COLTON, State of California, will open sealed bids at the hour of 2:30 P.M., March 3, 1998, in the City Council Chambers Conference Room, 650 N. La Cadena Drive. Said bids will be opened at said time and the results will thereafter be referred to the City Council for consideration at their next regular meeting. Mailed bids should be addressed as follows: City of Colton, Purchasing Attn.: Mary Milroy 650 N. La Cadena Drive Colton, CA. 92324 Re: Bid No. PUR1-98 City of Colton, Rehabilitation of Well Plant No. 22 PLANS AND SPECIFICATIONS All of the above work is to be done under contract in accordance with those certain plans, specifications and drawings. PROPOSALS Proposals must be submitted on the blank forms prepared and furnished for the purpose and which may be obtained at the Purchasing Division, 650 No. La Cadena Dr., Colton, CA. At said office, bidders may obtain copies of the plans, profiles, and specifications for the contemplated improvement. BONDS The Contractor will be required to furnish with the executed contract, a Faithful PerFormance Bond in the amount of One Hundred Percent (100%) of the aggregate amount of the bid, and a Labor and Material Bond in the amount of One Hundred Percent (100°/a). The Contractor will also furnish certificates of insurance evidencing that all insurance coverage has been secured as required by the specifications. Pursuant to provisions of Section 4500 of the California Government Code, the Contractor may substitute securities for any money withheld by the Owner to ensure performance of the work. Such securities shall be deposited with the City or with a state or federally chartered bank as escrow agent who shall pay such money to the Contractor upon satisfactory completion of the contract. The Contractor shall be the beneficial owner of any securities substituted for moneys withheld and shall receive interest thereon. Securities for investment under this section shall include those listed in Government Code Section 16430, bank or savings and loan certificates of deposit, interest-bearing demand deposit accounts, standby letters of credit, or any other security mutually agreed to by the Contractor and the City.