House Journal: Page 2005: Tuesday, May 8, 2001
20 application shall include a demonstration that the
21 intended future use of the project shall be by both
22 joint applicants.
23 Sec. 109. NEW SECTION. 15F.303A PUBLIC
24 ORGANIZATIONS - COMPETITIVE BIDDING OF PROJECTS.
25 A public organization, as defined in section
26 15F.302, subsection 2, whose application for financial
27 assistance under the program is approved by the board
28 shall advertise for sealed bids for the construction
29 portion of the proposed project by publishing a notice
30 to bidders as provided in this section. The notice to
31 bidders shall be published in a newspaper of general
32 circulation in the county where the construction is to
33 be performed not less than twenty days but not more
34 than forty-five days before the date for filing bids.
35 1. NOTICE TO BIDDERS. The notice to bidders must
36 state the following items:
37 a. The time and place for filing sealed proposals.
38 b. The time and place sealed proposals will be
39 opened and considered on behalf of the public
40 organization.
41 c. The general nature of the project on which bids
42 are requested.
43 d. In general terms when the work must be
44 commenced and when it must be completed.
45 e. That each bidder shall accompany the bid with a
46 bid security as prescribed in this paragraph and as
47 specified by the public organization, as security that
48 the successful bidder will enter into a contract for
49 the work bid upon and will furnish after the award of
50 contract a corporate surety bond, acceptable to the
Page 13
1 public organization, for the faithful performance of
2 the contract, in an amount equal to one hundred
3 percent of the amount of the contract. The bidder's
4 security shall be in an amount fixed by the public
5 organization, and shall be in the form of a cashier's
6 or certified check drawn on a bank in Iowa or a bank
7 chartered under the laws of the United States, or a
8 certified share draft drawn on a credit union in Iowa
9 or chartered under the laws of the United States, or
10 the public organization may provide for a bidder's
11 bond with corporate surety satisfactory to the public
12 organization. The bid bond shall contain no
13 conditions except for those provided in this
14 subsection.
15 f. Any further information that the public
16 organization deems pertinent.
17 The notice to bidders may provide that bids will be
18 received for the furnishing of all labor and materials
© 2001 Cornell College and
League of Women Voters of Iowa
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