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INVITATION TO BID <br />SPECIFICATIONS <br />BONDING REQUIREMENTS: <br />The bidder, in submitting this bid, must include a 5% bid bond for the total cost of the bid. Such bond maybe in the form <br />of a certified or cashier's check or approved bid bond in the amount of 5% of the total amount of the bid. <br />PERFORMANCE & PAYMENT BONDS: <br />The City of Sunny Isles Beach shall require the successful bidder to furnish performance and payment bonds, each in the <br />amount of 100% of the total bid price, with the City of Sunny Isles Beach as the obligee, as security for the faithful <br />performance of the contract and for the payment of all persons performing labor or furnishing materials in connection <br />herewith. The bonds shall be with a surety company authorized to do business in the State of Florida. Should the City <br />decide to suspend or discontinue this requirement, the successful bidder shall deduct all premiums for said bonds for the <br />affected contract period. <br />END OF SECTION <br />00210-10 <br />