49th STREET PHASE 2 (DIVISION STREET TO PARKER STREET) SEWER AND DRAINAGE IMPROVEMENTS The project includes, but is not limited to, two blocks of residential street reconstruction in the City of North Little Rock, including earthwork, paving, curb and gutter, storm sewer, and sidewalk, as shown on the plans and indicated in the specifications. Proposals shall be accompanied by a cashier s or certified check upon a national or state bank in an amount not less than five percent (5%) of the total maximum bid price payable without recourse to the Owner, or a bid bond in the same amount from a reliable surety company, as a guarantee that the Bidder will enter into a contract and execute performance and payment bonds within ten (10) days after notice of award of Contract to him. Such bid guarantee shall be made payable to CITY OF NORTH LITTLE ROCK. The SUCCESSFUL bidder will be required to furnish a performance and payment bond upon the form provided in the amount of one hundred per cent (100%) of the contract price from an approved surety company holding a permit from the State of Arkansas to act as surety, or other surety or sureties acceptable to the Owner. All bidders shall comply with the requirements of the Contractor s Licensing Law of the State of Arkansas, and all applicable Arkansas regulations. All bonds on this project shall comply with Arkansas Statutory Performance and Payment Bond Law, Act 351 of 1953, as amended by Act 209 of 1957. Davis Bacon Act wage rules shall apply. All laborers and mechanics employed by contractors and subcontractors on projects funded directly by or assisted in whole or in part by and through the Federal Government shall be paid wages at rates not less than those prevailing on projects of a character similar in the locality as determined by the Secretary of Labor in accordance with subchapter IV of Chapter 31 of Title 40, United States Code. The Department of Labor provides all pertinent information related to compliance with labor standards, including prevailing wage rates and instructions for reporting. The City of North Little Rock encourages participation from MBE/DBE/WBE and SBA vendors. Bids must remain in effect for 60 days after the bid opening date. The City of North Little Rock reserves the right to reject any or all bids, to waive irregularities in the bids and bidding deemed to be in the best interests of the City of North Little Rock, and to reject nonconforming, nonresponsive, or conditional bids.