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inspector to determine the value of work completed for the purpose of <br /> approving draw requests . <br /> D . Bid Packages <br /> If Developer competitively bids a project, Developer will prepare a bid package <br /> with the following components for all work being performed by third - party <br /> firms . <br /> 1 . A request for proposals narrative that includes a general <br /> description of the processes for bidding, awards, construction monitoring, lien <br /> waivers, and construction draws . The narrative will state that retainage equal to <br /> 10% of the contract amount will be held back until the punch list is completed . <br /> The narrative will include the method of submitting proposals, a due date, and <br /> criteria for selection , <br /> 2 . Plans and specifications ( or work write- up ) including general <br /> requirements, site plans, materials specifications, <br /> 3 . A form for describing the bidder' s experience and licenses, <br /> 4 . Evidence of required insurance ; <br /> S . A price proposal form , <br /> 6 . Requirements for complying with Section 3, minority and <br /> women ' s business enterprise provisions, lead hazard abatement and other <br /> requirements related to federal funding. <br /> E . Bid Solicitation <br /> When competitively bidding a project, the bid package must be sent to at least three <br /> qualified contractors, and bids must be received from at least two such contractors . <br /> F . Contract Awards and Contracts <br /> If competitively bid , contracts will be awarded by Developer based on Developer' s <br /> selection criteria . Copies of all proposals received and the executed contract will be <br /> submitted to Grantee electronically prior to the first draw. <br /> G . Construction Monitoring Inspections <br /> The Grantee' s and Developer' s roles and responsibilities are as follows . <br /> 1 . Developer is responsible for monitoring the quality, completeness and <br /> conformity to specifications of all work performed by third party contractors, and -- if <br /> 11 <br />