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  2. Finance Committee - Agenda - 6/3/2020 - P22

Finance Committee - Agenda - 6/3/2020 - P22

By dnadmin on Mon, 11/07/2022 - 13:29
Document Date
Fri, 05/29/2020 - 15:04
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 06/03/2020 - 00:00
Page Number
22
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__060320…

19.02 A fully executed City of Nashua Purchase Order will accompany the fully signed counterpart to
successful Bidder.

ARTICLE 20 RETAINAGE

20,01 Provisions concerning retainage and Contractors’ rights to deposit securities in lieu of retainage
are set forth in the Contract Agreement, Article 6.02 Progress Payments; Retainage.

ARTICLE21 APPEAL BY BIDDERS

21.01 Any bidder may appeal a pending bid award prior to award by OWNER. The appellant must:

A. Submit a written protest to the OWNER’s Purchasing Manager within five (5) workdays

after the bid opening.
B. Describe, in the written protest, the issues to be addresses on appeal.
Cc. Post, with the written protest, a bond with a surety meeting the requirements of General

Condition 5.02 authorized to do business in this state or submit other security in a form
approved by OWNER who will hold the bond or security until a determination is made
on the appeal.

D. Post the bond or other security in the amount of 25% of the total dollar value of the
appeliant’s bid, up to a maximum bond or other security amount of 250,000.00.

E. Not seek any type of judicial intervention until OWNER has rendered its final decision
on the protest.

21.02 Owner will stop award actions until after the OWNER’s Purchasing Manager has responded in
writing to the protest. If the appellant is not satisfied with the response, the appellant may then
protest to the Board of Public Works, who will render a final decision for the OWNER. No bid
protests will be heard by the Board of Public Works unless bidder has followed the appeal
process.

21.03 If an appeal is granted, the full amount of the posted bond or security will be retumed to the
appellant. If the appeal is denied or not upheld, a claim may be made against the bond for
expenses suffered by the OWNER because of the unsuccessful appeal.

21.04 OWNER is not liable for any costs, expenses, attorney’s fees, loss of income, or other damages
sustained by the appellant in a bid process.

IB- 7 of7

Page Image
Finance Committee - Agenda - 6/3/2020 - P22

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