24033 Stevenson Historic Home Exterior Rehabilitation Project

Exterior Rehabilitation of Adlai E. Stevenson Historic Home. Home is listed on the U.S. National Register of Historic Places and U.S. National Historic Landmark District. Project is grant funded and Utilization Goals are listed within bidding documents.

This project is being funded in part by a grant obtained from the Illinois Department of Commerce and Economic Opportunity (“DCEO Grant”) which outlines a goal requirement for The Business Enterprise for Minorities, Women, and Persons with Disabilities Act (30 ILCS 575/0.01 et seq.) (“BEP Act”) and Veteran Owned Businesses. The goals for this project are set at:

• 
  16% Minority Owned Business (“MBE”)
• 
  12% Women Owned Business (“WBE”)

Bid Security.  Each Bidder’s Proposal shall be accompanied by a security deposit of at least 10% of the Bidder’s Price Proposal in the form of (1) a cashier’s check or certified check drawn on a solvent bank insured by the Federal Deposit Insurance Corporation and payable without condition to Owner; or (2) a Bid Bond in the form included in the Bid Package, or a form otherwise approved by Owner, from a surety company licensed to do business in the State of Illinois with a general rating of A and a financial size category of Class III or better in Best’s Insurance Guide.  If the required bid security/bond is not submitted with your bid proposal, your bid proposal will be rejected.

Performance and Payment Bonds.  The successful Bidder will be required to furnish a Performance Bond and a Labor and Material Payment Bond upon award of the Contract, each in the penal sum of the full amount of the Contract Price, on forms provided in the Bid Package from such a surety company meeting the requirements set forth above.  Each Bidder’s Proposal shall be accompanied by a letter from such a surety company stating that it will execute Bonds on forms provided in the Bid Package upon award of the Contract to Bidder.  If the required letter from your surety company is not submitted with your bid proposal, your bid proposal may be rejected.

Insurance.  The successful Bidder will be required to furnish certificates and policies of insurance as required by Section 4.2 of the Contract upon award of the Contract.  Each Bidder’s Proposal shall be accompanied by a letter from Bidder’s insurance carrier or its agent certifying that said insurer has read the requirements set forth in the Contract and will issue the required certificates and policies of insurance upon award of the Contract to Bidder.  If the required letter from your insurance carrier/agent is not submitted with your bid proposal, your bid proposal may be rejected.