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Iowa (IA)

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Oelwein

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50662

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August 10, 2023

September 11, 2023

October 27, 2023

To Be Determined

Paving, Site Work

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Public - City

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To Be Determined, Oelwein, IA

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The extent of the work consists of construction of two asphalt surfaced parking lots, north and east of the event center, including PCC sidewalks, curb and gutter, and drainage improvements in the City of Oelwein, Iowa. 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 Performance, Payment, and Maintenance Bond. 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. Contractor shall fully complete by October 27, 2023. 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 October 27, 2023. The City of Oelwein reserves the right to reject any and all bids

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