This project includes: grading, full depth patching, asphalt milling, asphalt overlay, adjustment of water valves and manholes, pavement markings, and shoulder repair Bid Bond or Bid Geposit: Each bid that equals or exceeds $100,000 shall be accompanied by a corporate bid bond or a bid deposit of a certified or cashier's check in the amount of at least 5% of the total amount bid for the contract. When a bid is secured by a bid deposit (certified check or cashier's check), the execution of a bid bond will not be required. When the bid security is in the form of a bid bond, that bid bond shall be executed by a corporate surety licensed in North Carolina to execute such bonds. When the bid security is in the form of a cashiers check, or a certified check, that check shall be written on a bank or trust company insured by the Federal Deposit Insurance Corporation, made payable to the order of the City of Havelock. A Performance Bond and Payment Bond, each in the amount of one hundred (100) percent of the Contract Price, with a corporate surety approved by the City, will be required from the successful bidder as security for the faithful performance and the payment of all bids and obligations arising from the performance of the contract. Contractor's License for Construction Contracts: Bidders shall comply with all applicable laws regulating the practice of General Contracting as required by the General Statutes of North Carolina that require the Bidder to be licensed by the North Carolina Licensing Board for General Contractors when bidding on any project where the bid is $30,000 or more. The Bidder will provide his North Carolina General Contractor's License Number, Classification(s), and Limits in the space provided on the signature page of the bid. Delay in Award: Bids may be held by the City for a period not to exceed ninety (90) days from the date of the bid opening for the purpose of reviewing bids and investigating qualifications of Bidders. Estimated Construction Cost: The estimated cost of this Project is $725,000 to $825,000. Bid Phase Contact: For questions in regards to the bid specifications, the City requires and only responds to questions submitted in writing and sent via email to: Contact Person: Lee Tillman E-Mail Address: blds@havelocknc.us Questions must be received by 2:00 PM (EST) on Wednesday, October 30, 2019. If questions are received, the City will respond no later than 12:00 PM (EST) on Tuesday November 5, 2019. The City of Havelock reserves the right to reject any or all proposals, waive irregularities and/or informalities in any proposal and make an award in any manner consistent with the law deemed in the best interest of the City. Contract Period The Contract Period of Performance is ninety (90) days. The Contract period will begin upon date listed on the Notice to Proceed, the date on the Notice to Proceed will be based on NC DOT 610-4 Weather, Temperature, and Seasonal limitations for Producing and Placing Asphalt Mixtures. Liquidated Damages will be assessed at the rate of $1000 per calendar day for failure to complete the Project within the Contract Period.