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040 <br /> 2. Not less than the prevailing rate of per diem wages heretofore <br /> established and determined by the Town of Los Altos Hills shall be paid <br /> for any work proposed to be performed in the performance of said public <br /> work under said plans and specifications. <br /> 3. The City Clerk of the Town. of Los Altos Hills is hereby dir- <br /> ected to post .in . three (3) public places in the Town of. Los Altos Hills <br /> that have been designated by ordinance as the places for posting public <br /> notices, a notice inviting sealedproposals or bids for the construction <br /> of said work and improvementandreferring to the plans and specifications <br /> on file in the office of the City. Clerk, at least ten (10) days prior to <br /> the time fixed for opening bids. <br /> 4. All proposals or bids shall be accompanied by a certified check <br /> payable to the order of said. Town, or cash, amounting to ten percent <br /> (10%) of the bid, or by, a bond in said amount and payable to said Town, <br /> signed by a corporate surety or by the bidder and two sureties who shall <br /> justify before any officer competent to administer an oath, in double <br /> said amount and over andabove all statutory exemptions. Said check <br /> shall be forfeited or said bond shall become payable to said Town in <br /> case the bidder depositing the same does not, after the contract has <br /> been awarded to him, and within the time specified in said plans and <br /> specifications, enterinto a contract, in form as set forth in said <br /> specifications., with the said Town, the faithful performance of which <br /> shall be assured by an undertaking in the amount of one hundred per cent <br /> (100%) of the amount so bid, with sureties satisfactory to this City <br /> Council, and which shallbe accompanied by a payment bond (labor and <br /> materials) in a sum not less than one hundred percent (100%) of the <br /> amount of said bid. <br /> • <br /> -2- <br />