Site work and paving for a mixed-use development in Atlantic, Iowa. Completed plans call for site work for a road / highway; and for paving for a road / highway.

General Nature of the Public Improvement: 2019 Palm Street Improvements -Atlantic, IA. Project number 119.0178.09.The project is located on Palm Street from 29th Street to the city limits. The extent of work includes all materials, labor, and equipment necessary for a street re-surfacing project consisting of 1164 Ft long by 22 Ft wide pavement scarification and HMA surfacint and other appurtenances necessary to complete the project as shown on the plans and in the specifications. Each bidder shall accompany its bid with bid security as defined in Iowa Code Section 26.8, as security that the successful bidder will enter into a contract for the work bid upon and will furnish after the award of contract a corporate surety bond, in a form acceptable to the Jurisdiction, for the faithful performance ofthe contract, in an amount equal to 100% ofthe amount ofthe contract. The bidder's security shall be in the amount fixed in the Instruction to Bidders and shall be in the form of a cashier's check or a certified check drawn on an FDIC insured bank in Iowa or on an FDIC insured bank chartered under the laws ofthe United States; or a certified share draft drawn on a credit union in Iowa or chartered under the laws ofthe United States; or a bid bond on the form provided in the contract documents with corporate surety satisfactory to the Jurisdiction. The bid shall contain no condition except as provided in the specifications The City of Atlantic reserves the right to defer acceptance of any bid for a period of sixty (60) calendar days after receipt of bids and no bid may be withdrawn during this period. Each successful bidder will be required to furnish a corporate surety bond in an amount equal to 100% of its contract price. Said bond shall be issued by a responsible surety approved by City of Atlantic and shall guarantee the faithful performance of the contract and the terms and conditions therein contained and shall guarantee the prompt payment of all material and labor, and protect and save harmless City of Atlantic from claims and damages of any kind caused by the operations of the contract and shall also guarantee the maintenance of the improvement caused by failures in materials and construction for a period of two years from and after acceptance of the contract. The guaranteed maintenance period for new paving shall be four years Contractor shall fully complete the project in 10 working days. Should the contractor fail to complete the work in this timeframe, liquidated damages of $500.00 per working day will be assessed for work not completed within the designated contract term. The late start date shall be September 16, 2019. The City of Atlantic does hereby reserve the right to reject any or all bids, to waive informalities, and to enter into such contract, or contracts, as it shall deem to be in the best interest of the jurisdiction.