Sealed proposals addressed to CYPRESS CREEK STONEY RIDGE LP., ON BEHALF OF MOORE S CROSSING MUNICIPAL UTILITY DISTRICT (MUD), for the construction of CYPRESS CREEK APARTMENTS AT STONEY RIDGE MOORE S CROSSING MUD DRAINAGE IMPROVEMENTS in Travis County, TX, will be received. The bid is for all the Improvements for the project, which includes erosion controls and all labor, equipment, and other necessary appurtenances to construct the project. Bids must be submitted on the form included in the bid documents, in a sealed envelope marked Cypress Creek Apartments At Stoney Ridge Moore s Crossing MUD Drainage Improvements Prospective bidders are required to submit Statements of Qualification. Qualification forms are included in the bid documents. Failure to submit the required Statement of Qualification as required will be sufficient cause to reject a contractor s bid. Bidders should carefully examine the plans, specifications, and other documents, visit the site of proposed work, and fully inform themselves as to all conditions and matters, which can in any way affect the work or the cost thereof. Should a bidder find discrepancies in, or omissions from the plans, specifications, or other documents, or should be in doubt as to their meaning, the Engineer shall be notified, and clarification obtained prior to submitting any bid. A Cashier s Check or Certified Check upon a national or state bank or Bid Bond payable without recourse to CYPRESS CREEK STONEY RIDGE LP., in an amount not less than five percent (5%) of the total maximum bid price (Bidder s Check or Bid Bond), must accompany the bid proposals as a guarantee that, if awarded the contract, the bidder will within ten (10) days of the award of the contract, enter into a contract and furnish an acceptable performance and payment bond in the amount of one hundred percent (100%) of the contract price. The Bidder s Check or Bid Bond will be forfeited and become the property of the Owner should the bidder fail to enter into a contract and furnish bonds acceptable to the Owner within ten (10) days after award of the contract. The notice of award of contract shall be given by the Owner within sixty (60) days after the bid opening. The Bidder s Check or Bid Bond must be enclosed in the same envelope as the bid. Bids without a Bidder s Check or Bid Bond will not be considered. All bid securities will be returned to the respective bidders within seventy-two (72) hours after bids are opened, except the three most qualified bidders, which the Owner elects to hold until the successful bidder has executed the contract. Thereafter, all remaining securities, including security of the successful bidder after entering into a contract, will be returned within forty-five (45) days of the notice of award. The successful bidder must furnish performance bond and payment bond in the amount of one hundred percent (100%) of the contract price from an approved surety company holding a permit from the State of Texas to act as surety (and acceptable according to the latest list of companies holding certificates of authority from the Secretary or the Treasury of the United States) and having Best Key Rating Guide of A or better. No proposals shall be withdrawn for a period of sixty (60) days after the opening of the bids. The Owner reserves the right to reject any and/or all bids and to waive all technicalities or formalities in the bidding process. The Owner also reserves the right to determine which bid is most advantageous, and to award the contract on this basis. A maintenance bond to the City of Austin will be required in the amount of ten percent (10%) of the contract and is to remain in force for a period of one (1) year from the date of final acceptance from the City. Contractors must be plan holders/reviewers of record and must submit their Statement of Qualification with the bid. Contractors must be plan holders/reviewers of record, must submit their Statement of Qualification with the bid, in order for the bid to be considered. Minimum Wage Scale: As specified and regulated by the State of Texas and the Federal Government.
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