A deposit is required with the submission of the bid. When a deposit is required, the bidder must submit with the bid cash or a certified check, drawn on a bank or trust company authorized to do business in the State of North Carolina, payable to Cape Fear Public Utility Authority, in an amount at least equal to five percent (5%) of the total amount of the bid, as a guarantee that a contract will be entered into and that satisfactory performance and payment bonds will be executed. In lieu of making the cash deposit above described, a satisfactory bid bond in the amount of five percent (5%) of the total bid, executed by a corporate surety licensed under the laws of the State of North Carolina to execute such bonds, shall be submitted with each bid, conditioned that the surety will upon demand forthwith make payment to the obligee upon said bond if the bidder fails to execute the contract in accordance with the bid bond Work includes installation of approximately 6,900 linear feet of 8-inch to 16-inch water mains and approximately 6,000 linear feet of gravity sanitary sewer mains and appurtenances. The project will also include approximately 3,500 linear feet of 8-inch and 36-inch gravity sanitary sewer cleaning, CCTV, bypass pumping and lining Cape Fear Public Utility Authority reserves the right to reject any and all bids. This is a SRF funded project. Project award is contingent upon approval from the state agency. Each bidder must show evidence that it is licensed as a contractor under Chapter 87 of the North Carolina General Statutes. The bidder must have the following NC General Contractor's license to be qualified to perform the work associated with this bid This project is receiving SRF funding and the EPA MBE/WBE Participation goals are MBE 10.9 % and WBE 10.4%, State of NC MBE/WBE participation goal 10%(combined). See SRF Special Conditions Section for details. Bidders shall make a good faith effort to solicit minority and women owned businesses to participate on the project The successful bidder will be required to furnish a construction performance bond and a construction payment bond as security in the amount of one hundred percent (100%) of the contract amount for the faithful performance and the payment of all bills and obligations arising from the performance of the Contract Engineers Opinion of Probable Construction Cost: $10M - $10.5M *The value for this project is based on a financial range. The value is listed as the highest possible cost from the range provided by a stakeholder or official project document.