The project will consist of perform maintenance dredging of Port of Vermilion South Slip entrance to include depositing material at designated area, grading, shaping, erosion control and hydromulching.
It is further understood and agreed that the work under this contract shall be completed within the time stated on the Bid Proposal, subject to reimbursement to the owner of liquidated damages in the amount of Three Hundred Dollars and No Cents ($300.00) per consecutive calendar day. Each bid must be accompanied by a certified check, cashier's check, or Bid Bond payable to the Abbeville Harbor & Terminal District, the amount of which shall be five percent (5%) of the amount of the proposed Base Bid plus all Alternates. Money Orders will not be accepted. This shall be given as guarantee that the bidder will execute the contract, if it is awarded to him, in conformity with the Contract Documents. If a Bid Bond is used, it must meet the requirements according to R.S. 38:2218. The successful Bidder shall be required to furnish a Performance and Payment Bond in an amount equal to 100% of the Contract, written by a company licensed to do business in Louisiana, and who is currently on the U.S. Department of the Treasury Financial Management Service List, or by a Louisiana domicile insurance company with at least an A-rating in the latest printing of the A.M. Best's Key Rating Guide to write individual bonds up to ten percent of policy holder's surplus as shown in the A.M. Best's Key Rating Guide and complies with R.S. 38:2219 (R.S. 28:2218 Bid Bond). The bond shall be countersigned by a person who is under contract with the surety company or bond issuer as agent of the company and who is licensed as an insurance agent in this state, and who is residing in this State. Bids shall be accepted only from contractors who are licensed by the State of Louisiana for the classification of Heavy Construction. No bid may be withdrawn for a period of forty-five (45) days after receipt of bids, except under the provisions of La. R.S. 38:2214. The successful bidder shall supply all required insurance with carrier(s) acceptable to the Abbeville Harbor & Terminal District. In accordance with La. R.S. 38:2212(A)(1)(b), the provisions and requirements of this Section, and those stated in the Bidding Documents shall not be waived by any entity. On other sets of documents furnished to bidders, the deposit less the actual cost of reproduction, will be refunded upon return of the documents no later than ten days after receipt of bids. Prime Bidders shall obtain an original set (Electronic or Paper) of Bidding Documents from Primeaux, Touchet & Associates, L.L.C. No partial sets will be issued.
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