1998 AGN MAR 17 I17 - Laserfiche WebLink

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PREVAILING WAGES Notice is further given that the legislative body has obtained the general prevailing rate of per diem wages in accordance with law to be paid for the construction of the above-entitled improvement. The schedule has been obtained from the Director of the Department of Industrial Relations, pursuant to the provisions of section 1773 of the Labor Code of the State of California. A copy shall be posted at the job side during the course of construction. PAYMENT Payments will be made in cash to the Contractor in accordance with the provisions of the specifications. The Contractor is advised that he may, at his sole cost and expense, substitute securities equivalent to any moneys withheld by the City to ensure performance under the contract. Such securities shall be deposited with the City or with a state or federally chartered bank as escrow agent who shall pay such moneys 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 eligible for investment under this section shall include those listed in Government Code Section 16430 or bank or savings and loan certificates of deposit. BID SECURITY Each proposal shall be accompanied by a certified or cashier's check or bid bond for ten percent (10%) of the maximum total bid. Said check or bid bond shall be made payable to the City of Colton and, when delivered with a proposal, shall constitute a guarantee that the bidder will, if an award is made to him in accordance with the terms of the bidder's proposal, execute a contract in the City's standard form, together with Labor Code Certification thereon; furnish Performance and Payment Bonds with a corporate surety or sureties satisfactory to the City; and furnish Certificates of Insurance evidencing that insurance coverage required by the contract has been secured. AWARD AND EXECUTION The Contractor shall execute the contract within fifteen (15) days after he has been notified in writing of the award, and shall commence work only upon receipt of a"Notice To Proceed" from the City, and shall complete all work and improvements within thirty (30) calendar days after execution. CONTRACTOR'S LICENSE Pursuant to the provisions of Section 3300 of the California Public Contract Code, bidders shall be licensed as required for the various types of work to be performed. No bid will be accepted from a contractor or subcontractor who has not been licensed in accordance with the provisions of Chapter 9, Division III of the Business and Professional Code. At the time the contract is awarded, the Contractor shall possess a Class "A" or a Class "C-57" Contractor's License. 1.1-2