Village of Pinehurst is seeking sealed bids from qualified contractors for the 2023 Annual Street Resurfacing and Improvements project, which includes the resurfacing of approximately 4 miles of asphalt roadways in various locations throughout the Village Contractors offering a proposal must be licensed in accordance with North Carolina General Statutes for the type of work proposed. The Village reserves the right to waive informalities and to reject any or all bids for any reason. Bid Security: Each bid must be accompanied by cash, certified check of the bidder, or a bid bond prepared on the form of bid bond attached hereto, duly executed by the bidder as principal and having as surety thereon a surety company approved by the Village, in the amount of 5% of the bid. Such cash, checks, or bid bonds will be returned promptly after the Village and the accepted bidder have executed the contract, or, if no award has been made within sixty (60) days after the date of the opening of bids, upon demand of the bidder at any time thereafter, so long as he has been notified of the acceptance of his bid. Time of Completion and Liquidated Damages: Bidder must agree to commence work on a date to be specified in a written Notice to Proceed from the Village and to fully complete the project within one-hundred twenty (120) consecutive calendar days thereafter. Bidder must agree also to pay as general damages to the Village the sum of $500.00 or each consecutive calendar day thereafter as hereinafter provided in the General Conditions. The Village intends to take the successful bidder to Village Council for approval on September 13th, and issue a Notice to Proceed in early October to begin the 120-day contract time. Construction is allowed within the DOT seasonal restriction period of December 15th to March 15th, provided that weather conditions are acceptable as determined by the Village. The seasonal restriction period is not included in the 120-day contract time; therefore all work is expected to be completed near the end of April 2022. The specific completion date will be identified on the Notice To Proceed. Simultaneously with his delivery of the executed contract, the Contractor shall furnish a surety bond or bonds as security for faithful performance of this contract and for the payment of all persons performing labor on the project under this contract and furnishing materials in connection with this contract, as specified in the General Conditions, included herein. Such bonds shall be in an amount not less than one hundred (100%) percent of the contract price. The surety on such bond or bonds shall be duly authorized surety company satisfactory to the Village. The Village reserves the right to require that the bonds be redeemable by an agent located within a 100 mile radius from the Village. The Surety shall be licensed to do business in the State of North Carolina.
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