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August 2, 2023
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August 30, 2024
East St
Paving, Site Work
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Public - City
East St, Elgin, IA
Work in general consists of CIPP lining 260 feet of 8-inch sewer main, replacing 340 feet of sewer main, replacing 340 feet of water main, and asphalt street repair along Otter Street and East Street in the City of Elgin. Contractor shall fully complete the project by August 30, 2024. Liquidated Damages in the amount of $600.00 per Calendar Day will be assessed for each Calendar Day that any work shall remain uncompleted beyond the specified completion date allowed. Each bidder shall accompany its bid with bid security as security that the successful bidder will enter into a contract for the work bid upon and will furnish after the award of contract a corporate surety bond, in form acceptable to the Jurisdiction, for the faithful performance of the contract, in an amount equal to one hundred percent of the amount of the contract. The bidder's security shall be in the amount of 5% of the total bid amount including all add alternates and shall be the Jurisdiction's bidder's bond with corporate surety satisfactory to the Jurisdiction. No other type of bid security will be accepted. The bidder's bond shall contain no condition except as provided in the specifications. The successful bidder will be required to furnish a construction performance, payment, and maintenance bond in an amount equal to one hundred percent (100%) of the contract price. Said bonds to be issued by a responsible surety approved by the City Council and shall guarantee the faithful performance of the contract and the terms and conditions therein contained and the maintenance of said improvements in good repair from the time of acceptance of the improvements by the City for not less than two (2) years.
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