The work consists of furnishing all labor, materials, tools, equipment, and incidentals as required by the location map, inventory table, Specifications, and Contract Documents. The general items of work include installing retroreflective backplates (yellow borders) at signalized intersections, traffic control, and all appurtenant work. The Project is located at 35 different locations Pursuant to Public Contract Code section 20170, all bids must be accompanied by a Bid Security in one of the following forms: an original hard copy bid bond on the form included in the Contract Documents and delivered in advance of the bid date, an electronic bid bond via Surety2000, cash, or a certified or cashier's check in an amount not less than ten percent (10%) of the submitted Total Bid Price. PDF copies of a hard copy bid bond will no longer be accepted. Prospective bidders intending to submit a bid accompanied by any security other than an electronic bid bond must make special arrangements by contacting the City Clerk's Department at (805) 449-2151 no less than seven (7) days in advance of bid submission deadline. Failure to provide required bid security shall cause the bid to be deemed incomplete and therefore nonresponsive. The successful bidder will be required to furnish the City with requisite insurance and Payment and Performance Bonds in an amount equal to 100% of the Contract Price and on the forms included in the contract documents, as outlined in the Instructions to Bidders. The successful bidder will be required to complete all work within 120 calendar days from the commencement date stated in the Notice to Proceed. In accordance with Government Code section 53069.85, City will be compensated for damages incurred due to delays for which the Contractor is responsible. The parties agree that determining City's exact delay damages is and will continue to be impracticable and extremely difficult. As such, for each calendar day in excess of the time agreed upon for completion of the work, the Contractor shall pay to the City $750 per day, as liquidated damages and not as a penalty or forfeiture. Such amount shall constitute the only payment allowed for damages resulting from Contractor caused delays. The City shall have the right to deduct the amount of liquidated damages from any money due or that may become due under the Contract. Each bidder shall be a licensed contractor pursuant to the California Business and Professions Code and shall be licensed in the following classification(s) of contractor's license(s), throughout the duration of the Contract: Class A - General Engineering Contractor's License