Work of the Contract is primarily for cut, plug and abandonment of GCWA s old 30-inch waterline adjacent to the active 36-inch/30-inch waterline referred to as SH-6 Southline. The project also includes the installation of a 4-inch tap, and roadway pavement replacement. The project will be constructed within City of Hitchcock ROW, GCWA Easement, and TxDOT ROW. Your Contract is being recommended to the Gulf Coast Water Authority Board of Directors for approval Thursday, DECEMBER 14, 2023. The GCWA reserves the right to reject any bid and to waive informalities in the bids All Bids Shall Be Accompanied by a Cashier s or Certified Check Drawn on a State or Local Bank in the Amount of Five Percent (5%) of the Total Maximum Bid Price, and Payable Without Recourse to the Gulf Coast Water Authority, Texas City, Texas, or a Bid Bond in the Same Amount From a Reliable Surety Company Authorized to Do Business in the State Of Texas, as a Guarantee That the Bidder Will Enter Into a Contract. The Notice of Award of Contract Shall Be Given by the Gcwa Within Sixty (60) Days Following the Opening of Bids and Bids Shall Remain Valid for Sixty (60) Days. The successful bidder must furnish a Performance Bond and a Payment Bond in the amount of one hundred percent (100%) of the Contract Price and upon the forms which are attached hereto. A Payment Bond shall be furnished for any contract in excess of Twenty-Five Thousand Dollars ($25,000) and a Performance Bond shall be furnished for contracts in excess of One Hundred Thousand Dollars ($100,000), and each shall be furnished within five (5) days after receipt of the Contract Documents. Accordingly, instead of requiring any such proof, the Authority and the Contractor agree that as liquidated damages for delay (not as a penalty) the Contractor shall pay the Authority One Thousand Dollars ($1,000.00) for each day that expires after the time specified in Article 3.1, in this Agreement, for Substantial Completion until the Work is Substantially Complete.