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November 15, 2023
December 18, 2023
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2310 US-77 BUS
Renovation
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$1,700,000.00
Public - County
2310 US-77 BUS, San Benito, TX
CASHIER'S CHECK AND FORFEITURE: Each RFP shall be accompanied by a Cashier's Check, Certified Check, or acceptable Proposer's Bond payable to Cameron County, in the amount of not less than 5% of the larges possible total for the proposal submitted, must accompany each proposal. Proposal guarantee bond as a guarantee that if the Proposer receives an award, the Proposer will enter into a contract for services and submit proof of any required insurance. Checks of unsuccessful Proposers will be returned. If the successful Proposer fails to satisfy all pre-work requirements or commence work after award, that Proposer shall forfeit this security deposit. Cameron County shall retain it as liquidated damages.] Full (100%) performance and payment bonds are required on all contracts in excess of $25,000.00. The only exception is that if the contract is less than $50,000.00, the entity may hold all payment, with no interim payments made, until final completion and presentation of lien releases from all subcontractors and suppliers, in lieu of the performance bond. Such bonds must be issued by a corporate surety authorized to do business in the State of Texas.
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