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ADDITIIONAL REQIUREMENTS FOR BIDDERS References. Each bidder must include with bid a list of references related to this type of work. Name and address of contact people involved with each project shall be listed. Specifications. The bids shall be for the work described herein and the attachments hereto, which work shall be in conformance with the applicable building codes of the City of Grand Island, and in conformance with generally accepted commercial and industrial standards. Preference. Preferential consideration will be given based upon price and timeliness of performance. Due consideration will be given to the reliability and general reputation of each of the bidders. Time of Completion. Each bidder should describe the time frame in which the work would be completed. Each bidder should note that the County considers time of the essence in completion of this project. Acceptance or rejection of proposals. The owner reserves the right to reject any or all bids. Rejection of Bids. Only one proposal will be accepted from one firm or association. Any evidence of collusion between bidders or of one firm having an interest in more than one proposal may constitute a cause for rejection of any bids so affected. Bid Bond, Performance bond, insurance and Indemnification. All bidders shall submit with their bids a bid bond in the form of a cashier's check payable to the order of the County of Hall in the amount of five hundred dollars ($500.00). The bid bonds of unsuccessful bidders shall be returned by certified mail within ten (10) days of the award of a contract. The successful bidder will be required to furnish a PERFORMANCE bond in the amount of 100 percent of the contract price with a corporate surety company, conditioned for (a) for the faithful performance and completion of the work in strict accordance with the terms of the contract the payment of all laborers and mechanics, (b) for the repair, or replacement where required or the cost of repair or replacement, of all work performed under the terms of the contract and in accordance with the provisions of the terms of the contract and in accordance with the contract documents, and (c) for labor that is performed and for the payment for material and equipment rental which is actually used or rented in the performance of the contract. The successful bidder will be required to carry workers compensation insurance as required by law and full liability insurance with limits for personal injury of$1,000,000 dollars