To provide Disaster and/or Storm Recovery Services for the County as needed. Contract term shall commence on October 1, 2022, and shall continue through September 30, 2025, and may be extended for two (2) additional one-year period(s) if so agreed to by awarded Respondent and approved by the County. If the County or awarded Respondent should decline any renewal period or after the exhaustion of the entire contract term, the County may request up to an additional sixty (60) days past any contract term to advertise and award a new proposal for such items without any pricing adjustments. At the point in time when this contingency contract becomes active a payment and performance bond shall be required from the awarded respondent before beginning work. If the total accepted bid/proposal price exceeds $25,000 the successful respondent must provide to the office of the County Auditor, a payment bond, and if the price exceeds $100,000 the successful respondent must also provide a performance bond, each in the amount of one hundred percent (100%) of the total contract sum. Such bonds shall be executed by a corporate surety or corporate sureties in accordance with Article 7.19-1, Vernon's Texas Insurance Code. Such corporate surety/sureties shall be duly authorized and admitted to do business in the State of Texas and licensed in the State of Texas to issue fidelity and surety bonds with a Best Rating of "A" or better and have a bonding capacity adequate for the prescribed amount. Bell County reserves the right to accept or reject any surety company proposed by the respondent. In the event Bell County rejects the proposed surety company, the respondent shall be afforded five (5) additional days to submit the required bonds issued by a surety company acceptable to Bell County. Contractors must use the County's bond forms attached to this document. (Appendix I - Payment Bond form and Appendix J - Performance Bond form)
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