Site work for a road / highway in Salem, Oregon. Completed plans call for site work for a road / highway.

D3 Sign Replacement 2024 ODOT is seeking one qualified contractor to remove and replace existing signs and support footings. Substantial Completion: 9/30/2024 Final Completion: 10/14/2024 A certified or cashier's check, irrevocable letter of credit issued by an insured institution as defined in ORS 706.008, or Bid Bond payable to the State of Oregon in an amount equal to ten percent (10%) of the total amount of the Offer. The selected Bidder shall furnish a Performance Bond and a Payment Bond each in the total amount (100%) of the awarded Contract Price, executed in favor of the State of Oregon, to ensure faithful performance of the Contract and payment for labor and materials. Bidder may submit a cashier's check or certified check in lieu of all or a portion of the required performance bond. If Bidder plans to submit a cashier's check or certified check in lieu of the required bonds, please contact the Single Point of Contact for instructions. State prevailing wage rates ("PWRs") apply to this ITB and the resulting Contract. See ITB Section E for BOLI related requirements and applicable wage rates. Liquidated damages will apply to the Contract resulting from this ITB for failure to complete the project by the Substantial Completion Date. (See Exhibit 5 for detailed information.) Failure to achieve Substantial Completion by the time specified above for Substantial Completion will result in damage to the State of Oregon. Since actual damage will be difficult to determine, it is agreed that the Contractor shall pay to the State of Oregon, not as a penalty but as liquidated damages, $600.00 per calendar day for each day elapsed in excess of the Substantial Completion date specified in Section 3 of this Agreement until Substantial Completion is achieved. The selected Bidder shall submit certificates of insurance for all coverages required by this ITB. If the Bidder specifies, in Exhibit 7, prior to the execution of the Contract that a Subcontractor will satisfy an insurance requirement that is permitted to be satisfied by a Subcontractor, the Contractor shall obtain ODOT approval of Subcontractor and Subcontractor's insurance coverage(s), at least 35 Calendar Days prior to commencement of subcontracted work. Bidders are encouraged to consult their insurance agent(s) about the insurance requirements as identified in Section G.3 of the General Conditions and the Supplemental General Conditions in Exhibit 6 (if any) prior to Offer submission. ODOT reserves the right to reject any Bid that is unreadable ODOT reserves the right to award the Contract solely on the Bid submitted electronically through OregonBuys; however, upon ODOT's request, the apparent successful Bidder shall promptly submit its complete original signed bid.