Renovation of a stadium in Beaumont, Texas. Completed plans call for the renovation of a stadium.

Contract for Civic Center Guard Rail Modifications, The City reserves the right to reject any or all bids, or to accept any bid or combination of bids deemed advantageous to it. It is hereby agreed between both parties to this contract that the amount of said damages are hereby ascertained and liquidated at the greater of One Hundred Dollars ($100) per day of delay, or the actual measurable damages to the Owner including penalties, or other fees which may be charged to the Owner for failure to meet the time requirements. The Contractor hereby agrees to pay the stated sum to the owner for each and every day of delinquency Each bid shall be accompanied by a certified or cashier's check or approved Bond in an amount representing Five Percent (5%) of the total amount bid. Said check or bond shall be made payable to the City of Beaumont and shall be given as a Guarantee that the Bidder, if awarded the Work, will enter into an Agreement with the City, and will furnish the necessary insurance certificates and Performance Bond within Fourteen (14) days for award of Contract. In case of refusal or failure to enter into said Agreement, the check or Bid Bond, as the case may be, shall be forfeited to the City. If the Bidder elects to furnish as Bid Bond, it shall be on forms and by Sureties acceptable to the City. Within Ten (10) Days following contract award, the awarded Bidder shall furnish a Performance Bond in an amount representing one-hundred percent (100%) of the total bid amount. Said bond shall be payable to the City of Beaumont and shall be given as a guarantee that the Bidder shall satisfactorily complete all Work required by this Contract. In case of failure to perform all requirements of this contract, said Performance Bond shall be forfeited to the City. Bond shall be on a form and by a Surety acceptable to the City Within Ten (10) Days following contract award, the awarded Bidder Shall furnish a Payment Bond in an amount representing one-hundred percent (100%) of the total bid amount. Said bond shall be payable to the City of Beaumont and shall be given as a guarantee that the Bidder will satisfactorily pay for any materials, equipment, or other supplies, or for rental of same, used in connection with the performance of the work contracted to be done, or for amounts due under applicable State law for any work or labor thereon. In case of failure to pay all amounts owed by Contractor under the terms of this contract, said Payment Bond shall be forfeited to the City. Bond shall be on a form and by a Surety acceptable to the City.