As Set Forth in the Plans and Specifications the Project is Designed to Perform Pavement Reconstruction and Drainage Improvements Along West Shady Oaks Circle, Red Bud Trail, East Shady Oaks Circle, and Drainage Improvements Along Shahan Drive and Shahan Lane. This Includes a New Asphalt Road Named North Shady Oaks Circle Connecting the North Ends of West Shady Oaks Circle and East Shady Oaks Circle and Intersected by the North End of Red Bud Trail. The Scope of Work Includes Removal & Replacement of Approximately 4,750 Square Yards of Asphalt Pavement, Removal and Replacement of Approximately 1,100 Square Yards of Concrete Driveway, Removal and Replacement of Approximately 1,000 Linear Feet Cmp Driveway Culvert of Varying Size, Installation of 700 Linear Feet 24 Rcp Storm Drain and 80 Linear Feet 24 Cmp Roadway Culvert, Construction of 60 Drivweay Culvert Headwalls of Varying Size, Roadside Ditch Grading Improvements, Approximately 30 Square Feet of Concrete Riprap Slope Protection, and Associated Improvements. Proposals Shall Be Accompanied by a Certified or Cashier's Check on a State or National Bank in an Amount Not Less Than Five Percent (5%) of the Possible Total of the Bid Submitted, Payable Without Recourse to the Town of Shady Shores, Texas, or an Acceptable Bid Bond for the Same Amount From a Reliable Surety Company as a Guarantee That the Bidder Will Enter Into a Contract and Execute Required Performance and Payment Bonds Within Ten (10) Days After Notice of Award of Contract. The Notice of Award of Contract Shall Be Given to the Successful Bidder Within Ninety (90) Days Following the Opening of Bids. The Successful Bidder Must Furnish a Performance Bond Upon the Form Provided in the Amount of One Hundred Percent (100%) of the Contract Price and a Material and Labor Payment Bond Upon the Form Provided in the Amount of One Hundred Percent (100%) of the Contract Price From a Surety Authorized Under the Laws of the State of Texas to Act as a Surety on Bonds for Principals.