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<br />a. A payment bond on the part of_...:~.!' contr,lctor for payment of elll <br />amJunts lawfully due when the contract pr':ce is for more than $50,000. A <br />"'Payment bond" , s one executed , n connec';'1'on Wl th a contractor to assure <br />pa.yment as required by law of all persons supplying 'labor and material in the <br />eX'ecution of the work provided for in the contract. (Section 38-26-105,) <br /> <br />b. A perfonnance bond on the part of the contractor fOI" 100 percent <br />(100%) of the contract price, The bond,;-'shall be obtained fl"om companies <br />holding certificates of authority as acceptable sureties, A certified or <br />cashier's check or a bank money order may be accepted in lieu of a bond, <br /> <br />16. WAGES AND SALARIES <br /> <br />a, Attention of Bidders is particularly called to the requirements con- <br />ce"ning the payment of not less than the pl'evailing wage and salary rates spe- <br />cified in the Contract Documents and the condHions of employment with respect <br />to certain categories and classifications of employee,;, <br /> <br />b, The rates of pay set forth under GENERAL CONDITIONS are the ml nllnur.1S <br />to be paid during the 1 ife of the Contract. It is therefore the respon- <br />sibility of Bidders to infonn themselves as to Davis-Bacon requirements as <br />we'll as to the local labor conditions such as the length of work day and work <br />week, overtime compensation, health and Y1elfare contributions, labor supply <br />and prospective changes or adjusbnents of rates, <br /> <br />17, EQUAL EMPLOYMENT OPPORTUNITY <br /> <br />Attention of Bidders is particular'ly called to the requirement for <br />ensuring that employees and applicants for employment are not discriminated <br />against because of their race, color, religion, sex, or nationa'l origin, The <br />contractor will be required to take affirmative action to ensure that <br />employees and applicants for employment are10t discriminated against, <br /> <br />18, "SECTION 3" COMPLIANCE IN THE PROVIS1CN OF TRAINING, E~PLOYMENT, AND <br />BUS1NESS OPPORTUNITIES <br /> <br />Attention of bidders is particularly called to the so-called Section 3 <br />provisions which require that, to the greatest extent feasible, opportunities <br />fOl' training and employment be given to lower-income residents of the project <br />area and contracts for work in connection with the project be awarded to busi- <br />ness concerns which are located in or owned in substantial part by persons <br />residing in the project area, <br />