4.8 Construction Contracts Bidding and Awards
All facilities construction projects that exceed an expenditure of $15,000 shall be advertised and competitive bids solicited, according to state law. In order to protect the College, each bidder may be required to submit with his or her bid a bidder’s bond in an amount determined by the estimated cost of the project.
The construction contract shall be awarded to the lowest responsible bidder whose bid is in accordance with the approved plans and specifications and who has provided the required security. However, the Board reserves the right to waive minor technical defects in a bid, or reject any or all bids, or any part of any bid. No bid for the construction, alteration or repair of any building shall be accepted if it does not conform to the plans and specifications for the project.
If the project is considered a public works project estimated to exceed $25,000, the contractor will be required to furnish a performance bond in accordance with law. No contractor shall be required to submit a bond from a particular insurance or surety company. Lien waivers shall be provided by the contractor and his or her subcontractors and suppliers.
All pay requests by the contractor shall be approved by the architect prior to payment.
Bid specifications and/or contracts for all public works shall include the required provisions concerning prevailing wages pursuant to the rules of the Division of Labor Standards of the Missouri Department of Labor and Industrial Relations and will comply with state law.