For furnishing all necessary materials, equipment, superintendence, and labor for the construction of Downtown Storm Sewer Rehabilitation. Each proposal shall be accompanied by a bid guarantee of not less than 5% of total bid amount, as a guarantee that the bidder will enter into a contract and execute the required bonds within ten days after notice of award. The successful bidder must furnish Performance Bond and Payment Bond on the forms provided in the amount of one hundred percent (100%) of the total contract price from a Surety or other Sureties acceptable to the Owner. Since council approval is required for award of contract, the Owner reserves the right to award the contract at any time within sixty (60) days after bid opening. At the option of the bidder, the guarantee may be one of the following: a. Cashier's check or certified check upon a national or state bank, payable to the City of Nacogdoches. b. Negotiable U.S. Government bonds (at par value). c. Bid bond from a surety company listed in the latest issue of U.S. Treasury Circular 570, such bid bond being within the maximum amount specified for such company in that publication. Bids without such guarantee will not be considered. Award of this contract will be made on the basis of the lowest responsive responsible bid. In addition, the successful bidder must ensure that employees and applicants for employment are not discriminated against because of their race, color, religion, sex, or national origin. Attention is called to the fact that not less than the federally determined prevailing (Davis-Bacon) wage rate as issued by TX CDBG and contained in the contract documents must be paid on this project. Owner and Engineer, in making copies of Bidding Documents available on the above terms, do so only for the purpose of obtaining Bids for the Work and do not confer a license or grant for any other use. The right is reserved as the interest of the Owner may require, to reject any or all bids, and to waive any informality in bids received.
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