Text: S03658                            Text: S03660
Text: S03600 - S03699                   Text: S Index
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Senate Amendment 3659

Amendment Text

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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