The work shall consist of furnishing all products
and equipment and performing all labor necessary to perform the following: Resurfacing approximately 2 miles of City
streets with asphalt. Contractor shall also provide bituminous tack coat, striping, milling, and traffic control. Time allotted
for completion of work is one hundred twenty (120) calendar days. Bids shall be accompanied by a bid bond or certified cashier's check in an amount not less than 10% of the base
bid. All bonds shall be by a surety company licensed in Georgia with an "A" minimum rating of performance and a
financial strength of at least five (5) times the contract price as listed in the most current publication of "Best's Key Rating
Guide Property Liability". Performance and Payment Bonds, each in an amount equal to 100% of the contract price shall
be required of the successful bidder if contract is awarded. Each Bond shall be accompanied by a "Power of Attorney"
authorizing the attorney-in-fact to bind the surety and certified to include the date of the bond. 1.5 FUNDING SOURCES
Funding is to be provided by TSPLOST funds and the City of Springfield. Owner reserves the right to reject any or all Bids and to waive informalities, including without limitation, the rights to reject any or all
nonconforming, non-responsive, unbalanced or conditional Bids and to reject the Bid of any Bidder if Owner believes that
it would not be in the best interest of the Project to make an award to that Bidder, whether because the Bid is not
responsive or the Bidder is unqualified or of doubtful financial ability or fails to meet any other pertinent standard or
criteria established by the Owner. 1.7 E-VERIFY Contractor shall comply with E-Verify regulations.
.webp)
