The work generally consists of milling, asphalt overlay, base repair, and striping on Columbus Avenue, The Coliseum parking lot, and other city streets as directed by the City. The above general outline of the work does not in any way limit the responsibility of the Contractor to perform all work and furnish all plant, labor, equipment and materials required by the specifications and the drawings referred to therein. The contract time is 240 calendar days. Liquidated damages will be assessed in the amount of Two Hundred Fifty Dollars ($250.00) for each calendar day the Work has not achieved Substantial Completion. Special Damages - In addition to the amounts provided for liquidated damages, Contractor, in the event of such default, shall pay the Owner the actual costs reasonably incurred by Owner for engineering and inspection forces employed on the work after the time stipulated for the completion of the work. CERTIFICATE OF RESPONSIBILITY: Each contractor submitting a bid in excess of $50,000.00 must show on his bid and on the face of the envelope containing the bid, his Certificate of Responsibility Number, as required by Section 31-3-21 and 21-3-15, Mississippi Code of 1972. If the bid does not exceed $50,000.00, a notation so stating must appear on the face of the envelope. No bid will be opened, considered or accepted unless the above information is given as specified. Proposals shall be submitted in a sealed envelope and deposited with the City of Louisville prior to the hour and date herein before designated. No bidder may withdraw his bid within ninety (90) days after the actual date of the opening thereof. Each Bidder must deposit with his proposal, a Bid Bond or Certified Check in an amount equal to five percent (5%) of his bid, payable to the City of Louisville, as bid security. The successful bidder will be required to furnish a Payment Bond and Performance Bond each in the amount of one hundred percent (100%) of the contract amount. The City of Louisville hereby notifies all Bidders that it will affirmatively insure that in any contract entered into pursuant to this advertisement, disadvantaged and women's business enterprises will be afforded the full opportunity to submit bids in response to this invitation and will not be discriminated against on the grounds of race, color, or national origin in consideration for an award. The City of Louisville reserves the right to reject any and all bids and to waive any informalities or irregularities therein.