Bid Bond Penal Sum Form (EJCDC C-430-2018).html

This is a Bid Bond Penal Sum Form document supporting a sealed bid solicitation issued by the Glenwood Redevelopment Corporation for pavement and utility demolition services at the Glenwood Resource Center Campus in Glenwood, Iowa. The scope of work encompasses removal and stockpiling of 68,000 square yards of concrete, 5,900 square yards of asphalt, and 13,800 square yards of sidewalk; salvage and stockpiling of 2,000 cubic yards of aggregate subbase; abandonment or removal of utilities including 26,000 linear feet of water mains, 15,000 linear feet of sanitary sewers, 8,400 linear feet of fuel oil lines, and 15,000 linear feet of gas mains; tunnel demolition; manhole removal and abandonment; storm sewer removal; clearing and grubbing; and temporary fencing. A mandatory pre-bid conference is scheduled for October 1, 2026 at 10:00 a.m., available both in-person at the Mills County Annex Building in Glenwood and virtually via Microsoft Teams. A site visit is available on October 9, 2026 from 11:30 a.m. to 12:30 p.m. Sealed bids are due October 14, 2026 at 2:00 p.m. and must be submitted to the HDR office in Omaha, Nebraska. Substantial completion is required by April 1, 2027, with final completion by May 1, 2027.

Bid security consists of a penal sum bid bond at five percent of the maximum bid price. The contract uses unit price bidding with final contract price based on actual quantities performed. Progress payments are made monthly at 90 percent of completed work value with retainage; upon 50 percent completion with satisfactory progress, additional retainage ceases. Liquidated damages are $1,000 per day for failure to meet contract completion dates. The successful bidder must furnish performance and payment bonds, evidence of Iowa contractor licensing and authorization to do business in Iowa, and qualifications documentation within specified timeframes. Concrete demolition materials must be processed and stockpiled for recycling into modified subbase material. Contractors must obtain all required permits, coordinate with utility providers, submit 811 utility locating notifications a minimum of three business days prior to excavation, manage erosion and sediment control, and dispose of materials at approved facilities. This project represents Phase 3 of a planned series of demolition projects at the former Glenwood Resource Center for 2026.