Question Cutoff Date 4/29/2022 11:00:00 AM (ET)
Award: June When the contract amount is $100,000 or more, a performance bond in an amount of not less than one hundred percent (100%) of the contract price, conditioned upon faithful performance of the contract in accordance with the plans, specifications and contract documents, shall be executed by the successful bidder prior to beginning any work and shall accompany the signed contract. When the contract amount is $50,000 or more, a payment bond in an amount of not less than one hundred percent (100%) of the contract price, conditioned upon payment to all persons supplying labor and materials, shall be executed by the successful bidder prior to beginning any work and shall accompany the signed contract. When the contract amount is $25,000 or more, a bidder's bond from an acceptable surety company, authorized to transact business in the State of Texas or a certificate or cashier's check on a state or national bank of the State of Texas, in the amount of not less than five percent (5%) of the total bid must accompany each bid or proposal as guarantee that, if awarded the bid, the bidder will within ten (10) calendar days after award of bid enter into contract with the City. This contract shall become effective from date of acceptance and approval by the City of Bryan. It shall remain in full force and effect with firm fixed bid prices for a period of twelve (12) months. The right to accept any bid, or to reject any or all Bids and to waive all formalities is hereby reserved by the City of Bryan, Texas. The City of Bryan reserves the right to accept or reject any or all bids, to waive any informalities and technicalities, to accept the offer considered most advantageous in order to obtain the best value for the City City reserves the right to waive any irregularities and to make the award providing the best value to the City
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