The Project work shall include the following description of the work: Removal of existing Redi-Rock modular block retaining wall and reconstruction of 584 square feet of modular block Redi-Rock wall. Construction of 146 cubic yards of poured in place retaining wall with drainage system. Installation of 290 linear feet of 72" decorative fence. Project also includes basin channel improvements, construction of concrete pavement & swale, removal of existing improvements, necessary grading, soil haul in, sod, and site restoration. The bid shall be accompanied by a bid deposit (guaranty) for the amount equal to five percent (5%) of the total bid amount. The bid deposit may be in the form of a bid bond issued by an insurance company authorized to do business in the state of Missouri and with a financial strength rating of A with a financial size category of IX or better by A. M. Best, a certified check or a cashier's check drawn on a bank located in St. Charles County, the City of Saint Charles, St. Louis County, or the City of St. Louis. The bid deposit shall be forfeited to the City if the bidder does not execute a contract for the Project and provide all bonds, insurance requirements and other required documents by the date stated in the bid award. The City reserves the right to require the bidders to provide proof of the ability to properly finance and execute the Project together with a record of successful completion of similar projects. The City reserves the right to reject any and all bids or to advertise for new bids. The successful bidder shall furnish a performance and payment bond for one hundred (100%) percent of the contract amount and shall provide certificates of insurance and insurance policy endorsements for workers' compensation, commercial general liability, auto liability, property damage and other policies of insurance as stated in the bid specifications and in the amounts stated therein for the therein stated policy periods. An additional separate guarantee performance bond in the amount of 10% of the contract amount shall be delivered at time of contract execution to guarantee satisfactory performance of the work completed for a period of two (2) years after the date of acceptance of the work.