Text: S03658 Text: S03660 Text: S03600 - S03699 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend the amendment, S-3613, to House File 742, as 1 2 amended, passed, and reprinted by the House, as 1 3 follows: 1 4 #1. Page 10, by striking lines 35 through 45 and 1 5 inserting the following: 1 6 "Sec. 109. NEW SECTION. 15F.303A PUBLIC 1 7 ORGANIZATIONS COMPETITIVE BIDDING OF PROJECTS. 1 8 A public organization, as defined in section 1 9 15F.302, subsection 2, whose application for financial 1 10 assistance under the program is approved by the board 1 11 shall advertise for sealed bids for the construction 1 12 portion of the proposed project by publishing a notice 1 13 to bidders as provided in this section. The notice to 1 14 bidders may be published more than twenty days but not 1 15 more than forty-five days before the date for filing 1 16 bids. 1 17 1. NOTICE TO BIDDERS. The notice to bidders must 1 18 state the following items: 1 19 a. The time and place for filing sealed proposals. 1 20 b. The time and place sealed proposals will be 1 21 opened and considered on behalf of the public 1 22 organization. 1 23 c. The general nature of the project on which bids 1 24 are requested. 1 25 d. In general terms when the work must be 1 26 commenced and when it must be completed. 1 27 e. That each bidder shall accompany the bid with a 1 28 bid security as prescribed in this paragraph and as 1 29 specified by the public organization, as security that 1 30 the successful bidder will enter into a contract for 1 31 the work bid upon and will furnish after the award of 1 32 contract a corporate surety bond, acceptable to the 1 33 public organization, for the faithful performance of 1 34 the contract, in an amount equal to one hundred 1 35 percent of the amount of the contract. The bidder's 1 36 security shall be in an amount fixed by the public 1 37 organization, and shall be in the form of a cashier's 1 38 or certified check drawn on a bank in Iowa or a bank 1 39 chartered under the laws of the United States, or a 1 40 certified share draft drawn on a credit union in Iowa 1 41 or chartered under the laws of the United States, or 1 42 the public organization may provide for a bidder's 1 43 bond with corporate surety satisfactory to the public 1 44 organization. The bid bond shall contain no 1 45 conditions except for those provided in this 1 46 subsection. 1 47 f. Any further information that the public 1 48 organization deems pertinent. 1 49 The notice to bidders may provide that bids will be 1 50 received for the furnishing of all labor and materials 2 1 and furnishing or installing equipment under one 2 2 contract, or for parts thereof in separate sections. 2 3 2. BID SECURITY. The amount of bid security must 2 4 be fixed by the public organization prior to ordering 2 5 publication of the notice to bidders and must equal at 2 6 least five percent, but may not exceed ten percent of 2 7 either the estimated total contract cost of the 2 8 construction portion of the project, or the amount of 2 9 each bid. 2 10 3. AWARD OF CONTRACT. The contract for the 2 11 construction portion of the project must be awarded to 2 12 the lowest responsible bidder. This subsection shall 2 13 not be construed to prohibit a public organization in 2 14 the award of a contract for the construction portion 2 15 of a project from providing, an enhancement of 2 16 payments upon early completion of the construction 2 17 portion of the project if the availability of the 2 18 enhancement payments is included in the notice to 2 19 bidders, the enhancement payments are competitively 2 20 neutral to potential bidders, and the total value of 2 21 the enhancement payments does not exceed ten percent 2 22 of the value of the contract." 2 23 #2. Page 11, line 37, by striking the figures 2 24 "15F.302, 15F.303," and inserting the following: "and 2 25 15F.302, enacting section 15F.303A, and amending 2 26 sections". 2 27 #3. By renumbering as necessary. 2 28 2 29 2 30 2 31 JEFF LAMBERTI 2 32 HF 742.710 79 2 33 nh/cls
Text: S03658 Text: S03660 Text: S03600 - S03699 Text: S Index Bills and Amendments: General Index Bill History: General Index
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