The City reserves the right to reject any or all proposals, to negotiate with one or more parties, or to award the contract in the City best interests, including proposed contractors schedule. The City reserves the right to re-advertise for additional proposals and to extend the deadline for submission of the proposals. The form of the bond shall be that provided by the Municipality, and the surety shall be acceptable to the State. The bonds shall be procured from an insurance company registered and licensed to do business in the State of Vermont All bids must be accompanied by a negotiable bid guarantee which shall not be less than five percent (5%) of the amount of the bid. The bid guarantee may be a certified check, bank draft, U.S. Government Bonds at par value, or a bid bond secured by a surety company acceptable to the U.S. Government and authorized to do business in the State of Vermont. Each bond shall be in a sum equal to one hundred percent (100%) of the contract awarded. The labor and materials bond shall guarantee the payment in full of all bills and accounts for materials and labor used in the work as well as other obligations incurred in carrying out the terms of the contract. This project involves dredging material from the College Street Basin, with an add alternative of Perkins Pier basin, and dewatering of sediment in the Maple Street parking lot adjacent to Perkins Pier. CONTRACT START DATE: Expected the week of March 18, 2024. CONTRACT COMPLETION DATE: The Contract shall be completed on or before April 15, 2024. Work shall not be permited between April 15, 2024 and July 1, 2024 All questions must be submitted before noon on January 23rd, 2024. Questions received after this time may not be answered. Any revisions, addendums and answers to questions received by the due date for questions will be sent to bidders who received this Invitation via email.