The bid date of this project will be on 10/27/2023 at 3:00 PM CT, not the one stated on the Specification. Contract Performance and Payment Bond: A construction contract awarded, for an amount exceeding ten thousand ($10,000.00), requires a bond to be delivered to the City and shall become binding on the parties upon the execution of the contract; which bond shall be a performance, labor and materials bond satisfactory to the City, executed by a surety company authorized to do business in this state or otherwise secured in a manner satisfactory to the City, in an amount equal to one hundred percent (100%) of the price specified in the contract. If the amount of the contract is less than ten thousand ($10,000.00), such bond may be required at the recommendation of the contracting department. Employer's Liability $1,000,000.00 The City reserves the right to make such investigations as it deems necessary to make the determination of the bidder's responsiveness and responsibility. Such information may include, but shall not be limited to: current financial statement, verification of availability of equipment and personnel and past performance records. Commercial General Liability Insurance, including coverage for Premises, Operations Products and Completed Operations, Contractual Liability, Broad Form Property Damage, Independent Contractors, Explosion, Collapse and Underground Property Damage and endorsed for blasting if blasting required. Such coverage shall apply to Bodily Injury and Property Damage on an "Occurrence Form Basis" with ten thousand ($10,000.00), limits of One Million Dollars ($1,000,000.00) for all claims arising out of a single accident or occurrence and One Hundred Thousand Dollars ($100,000.00) for any one (1) person in a single accident or occurrence. C. Automobile Liability Insurance covering Bodily Injury and Property Damage for owned, non-owned and hired vehicles with limits of One Million Dollars ($1,000,000.00) for all claims arising out of a single accident or occurrence and One Hundred Thousand Dollars ($100,000.00) for any one (1) person in a single accident or occurrence.