Chapter 17.01
CONTRACTORS
Sections:
17.01.010 Exemption.
The borough as to contracts for the construction, alteration or repair of a public building or public work may exempt contractors from compliance with the bonding provisions of Alaska Statutes 36.25.010(a) if:
A. The estimated project cost does not exceed four hundred thousand dollars;
B. The contractor is, and for two years immediately preceding the award of the contract has been a licensed contractor having his or its principal office in the state;
C. The contractor certifies that he has not defaulted on a contract awarded to him or it during the period of three years preceding the award of a contract for which a bid is submitted;
D. The contractor submits a financial statement, prepared within a period of nine months preceding the submission of a bid for the contract and certified by a public accountant or a certified public accountant licensed under Alaska Statutes 08.04.010 through 08.04.690, demonstrating that the contractor has a net worth of not less than twenty percent of the amount of the contract for which a bid is submitted; and
E. The total amount of all contracts which the contractor anticipates performing during the term of performance of the contract for which the bid is submitted does not exceed the net worth of the contractor reported in the certified financial statement prepared and submitted under subsection D of this section by more than seven times. (Ord. 82-5 (part), 1982).
17.01.020 Definitions.
For the purposes of this chapter, the following words shall have the following meanings:
A. "Contractor" means the contractor including subcontractor performing work necessary to facilitate public construction.
B. "Public building," "public work" or "public construction" means the on-site field surveying, erection, rehabilitation, alteration, construction, extension, or repair, including painting or redecorating of buildings, highways or roads, or other improvements to real property under contract for the borough. (Ord. 82-5 (part), 1982).