Proposed Construction of Town Center Pond

Each submission must be accompanied by a certified check of the submitter, or a bid bond executed by the submitter as principal and having as surety thereon a surety company approved by the City in the amount of 5% of the submission. The Surety's Power of Attorney must accompany the bid bond. The bid bond and surety's Power of Attorney must both carry the same date which is no earlier than three (3) days prior to the scheduled bid opening date. Checks will be returned to all except the three lowest bidders within three days after the opening of bids. The remaining checks will be returned promptly after the City and the selected bidder have executed the contract. If no award has been made within ninety (90) days after the date of the opening of bids, a bidder may demand that the security submitted be returned so long as said bidder has not been notified of the acceptance of his bid. If the selected bidder refuses or fails to execute and deliver the contract and bonds (payment and/or performance) required within 10 days after receiving notice of the acceptance of his bid, the bid security shall forfeit to the City as liquidated damages for such failure or refusal. A Bid Bond form can be found in the Appendices. The Contractor further agrees to pay, as liquidated damages, the sum of $1000.00 for each WORKING day

Division 31 -	Earthwork, Erosion and Sedimentation Controls.
Division 33 -	Utilities, Storm Drainage Utilities, Ponds and Reservoirs.
Division 35 -	Waterway and Marine Construction, Shoreline Protection, Waterway Construction and Equipment.