SUBCONTRACTORS

This notice is part of Straub Construction, Inc.’s (“SCI”) request for subcontractor bids and is made pursuant to California Public Contract Code section 4100 et seq. All subcontractors submitting bids to SCI must be duly licensed by the California Contractors State License Board and must submit their California contractors license numbers with their bids. All subcontractor bids must be, and will be considered by SCI to be, in full compliance with the owner’s contract documents, including but not limited to the owner’s general conditions and the project plans and specifications. All subcontract agreements are to be awarded on SCI’s standard subcontract form, which is available using the link above. No subcontractor proposal will be made part of the subcontract agreement. Subcontractors submitting bids must be prepared to execute the subcontract agreement promptly after it is presented to the subcontractor.

In addition, SCI requests that all subcontractors submitting bids furnish performance and payment bonds, in the form specified in SCI’s standard subcontract form, naming SCI as the obligee and guaranteeing prompt and faithful performance of the subcontract and the payment of all claims for labor and materials furnished or used in and about the work to be done and performed under the subcontract. The bonds must be issued by an admitted surety that: (a) is listed on the most current U.S. Treasury Circular #570; (b) has an underwriting limit in excess of the penal sum of the bond; and (c) has a rating of “A” or better in the current A.M. Best rating Guide of Property/Casualty Insurance Companies. The penal sum of each bond to be furnished shall be the subcontract price. SCI shall reimburse subcontractor its actual bond costs, not to exceed 1 ¼ percent.

In the event a subcontractor submitting a bid does not comply with the above, SCI reserves the right to reject such bid and make a substitution of another subcontractor.