O-1985-1476 - Laserfiche WebLink

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. . ORDINANCE NO. 1476 Page 2 Section 2. Contractors entering bids on City of La Porte con- struction projects shall not subcontract more than fifty percent (50%) of the work on the project, without first obtaining the ex- press written consent of the City of La Porte. Section 3. All Contractors (or a representative of the contractor) desiring to bid on City of La Porte construction projects must attend a pre-bid conference: otherwise, such Contractor's bid will be returned by the City unopened. Section 4. Public notice of prequa1ification of bidders by the City of La Porte, shall be published in like manner as invitations to bidders, and shall not be a substitute for publishing the actual invitation to bidders on each project. Section 5. The City Council of the City of La Porte approves and adopts the forms for Contractor's Statements, attached hereto as Exhibit "A", incorporated by reference herein, and made a part hereof for all purposes. Section 6. The City of La Porte is interested in determining a Contractor's "Bidding Capacity" for the purpose of issuing pro- posa1s and awarding contracts. II Bidding Capaci ty" is determined by multiplying the positive net working capital, as hereinafter defined, by a factor determined by the City of La Porte. Only those statements reflecting a positive net working capital po- sition will be considered satisfactory for prequalification pur- poses. "Positive Net Working Capita1" generally is represented by the excess of current assets over current liabilities, as shown by a balance sheet examined by an independent Certified Public Accountant. Section 7. The City Council of the City of La Porte adopts the