RFP Addendum 3.doc

The document is an addendum to a Request for Proposals (RFP) for Recyclable Materials Processing Services. It clarifies that bid bond requirements will not be added to the RFP, but performance security provisions and a contract bond form are included. The proposal submission due date has been changed to January 25, 2013, at 4:30 p.m. The performance security requires a contract bond of $100,000 to be furnished by the Contractor, issued by an acceptable entity. The bond ensures faithful performance of the contract terms, indemnification of the City, and payment for any damages resulting from non-performance. The bond remains in effect unless all contract terms are fulfilled. Any changes or extensions to the contract do not affect the obligations under the bond.