. CONTRACT - ESCH ROAD IMPROVEMENTS; This Contract is for the resurfacing of 3/10 of a mile of Each Road. The work will include the furnishing and installation of 3 inches of new aggregate over existing subcase, the furnishing and installation of 18' wide, 3" thick Hot Mix Asphalt (HMA) pavement, and the furnishing and installation of shoulders after asphalt. FUNDING SOURCE: This project is funded through the Local Road Improvement Program (LRIP) as a TRIP allocation project and is partially funded through the State of Wisconsin and the Town of Dodgeville. BIDDING FORMALITIES: The Town of Dodgeville reserves the right to waive formalities in bidding and to reject any and all bids. No bid shall be withdrawn without the consent of the Owner for a period of forty-five days after the scheduled time of the bid opening. BID BOND: A satisfactory bid bond executed by the bidder and a licensed surety company or a certified check payable to the Town of Dodgeville in an amount not less than 5% of the maximum bid, shall accompany each bid as a guarantee that, if the bid is accepted, the bidders will execute and file the proper contract and bonds within ten days after the award of the contract. WAGE RATES and STATUTES: The letting of the work described herein is subjected to the provisions of Section 66.0901 and 66.0903 of the Wisconsin Statutes. The minimum wage rates to be paid for the project shall be in accordance with Section 66.0903 of the Wisconsin Statutes. No State or Federal Prevailing Wage Rates apply to this project. INSURANCE: Contractor shall carry Public Liability Insurance and Workmen's Compensation Insurance that is satisfactory to the Owner. CONTRACT SECURITY: The successful bidder for this Contract will be required to furnish a corporate performance bond and payment bond in an amount equal to one hundred percent (100%) of the contract price, said bonds are to be issued by a responsible surety approved by the Owner.
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