Site work and paving for a road / highway in Story City, Iowa. Completed plans call for site work for a road / highway; and for paving for a road / highway.

The extent of the work will involve furnishing the labor, equipment, and materials necessary for constructing the 2020 Street Improvements - North Elm Ave and Factory Outlet Drive Project in Story City, Iowa as shown in the plans and specifications for Project No. 1685 including: Resurface roadway pavement by HMA mill and overlay with full depth patch replacements, spot repairs of PCC curb and gutter and minor rehabilitation to various public utility structures. The City of Story City reserves the right to award the Contract at the time of said meeting or at such later time may then be fixed. The work under the contract may actively commence within ten (10) days upon issuance of the Notice to Proceed, and shall be substantially completed by June 30, 2021. This project is subject to liquidated damages as described within the project manual. Each proposal must be accompanied with a 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 City, for the faithful performance of the contract, in an amount equal to 100% of the amount of the contract. The bidder's security shall be in the amount of 10%, as 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 of the United States; or a certified share draft drawn on a credit union in Iowa or chartered under the laws of the United States; or a bid bond on the form provided in the contract documents with corporate surety satisfactory to the City and filed in an envelope separate from the one containing the proposal, made payable to: Treasurer, City of Story City. Said check or draft may be cashed or the bid bond declared forfeited by the Treasurer as liquidated damages in the event the successful bidder fails to enter into a Contract within ten (10) days and post bond satisfactory to the Owner insuring the faithful fulfillment of the Contract and maintenance The successful bidder will be required to furnish a performance and payment bond in the amount equal to 100% of the contract price at the time of contract execution. 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 Story City 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 the City of Story City 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 four (4) years from the date of final acceptance of the work under the Contract Bidders shall not be permitted to withdraw their bids for a period of sixty (60) days after the date set for opening bids. The Owner reserves the right to reject any and all bids and to waive any informality in the bids received in the best interest of the City.