Specifications - Laserfiche WebLink

Home Browse Search

� I � I F, L 1 a. The City will accept a surety bond from a company with a rating of B ++ or better for bonds up to $1 million, provided, however, that if any Surety Company appears on the watch list that is published quarterly by Intercom of the Office of the Florida Insurance Commissioner, the City shall review and either accept or reject the Surety Company based on the financial information available to the City. A Surety Company that is rejected by the City may be substituted by the bidder or proposer with a surety company acceptable to the City, only if the bid amount does not increase. b. The Surety Company shall have at least the following minimum ratings: Amount of Bond Policyholder's Rating Financial Size Category 100,000 to 1,000,000 B ++ Class V or higher 1,000,001 to 2,000,000 A- Class VI or higher 2,000,001 to 5,000,000 A Class VII or higher C. All Surety Companies are subject to review and approval by the Owner and may be rejected without cause. All bonds signed by an Agency must be accompanied by a certificate of authority to act. 15.5 The Surety Company shall submit verification from the Department of Insurance Office of the Treasurer stating the surety company's license and certificate of authorization to do business in the State of Florida. 16. SUBCONTRACTOR LIST ' 16.1 In conjunction with the Bid Form, Bidder shall submit a list of names of the subcontractors and major material suppliers proposed for the principal portions of the Work. Submit list on form provided by the Engineer. ' 16.2 Prior to award of Contract, the Owner will notify the Bidder in writing if they have an objection to any person or entity listed. Upon such reasonable objection, the ' Bidder shall propose an acceptable substitute person or entity in accordance with Article 6.06 of the General Conditions. ' 17 n � I t BID PROTEST 17.1 A notice of intent to award a contract ( "Notice of Intent to Consider Award ") shall be posted in the City Hall lobby not less than seven calendar days prior to award of the contract by the City Commission. 17.2 IRJC 08/03 After a Notice of Intent is posted, any actual bidder who is aggrieved in connection with the pending award of the contract, or any element of the process leading to the award of the contract, may protest to the City Manager or his /her designee. A complete protest must be filed within five business days after posting or any right to protest is forfeited. The protest must be in writing on forms provided by the City, must identify the name and address of the protester, and must include a factual summary of, and the basis for, the protest. Filing shall be considered complete 00100 -6 03 -135