The Town estimates that its needs in the contract period will be in the order of plus or minus 4,000 tons per year, but the obligation incurred by the acceptance of any bid is limited to the purchase of the Town's actual requirements. Hot Mix Asphalt, picked-up purchases will be authorized by individual orders issued by the Department of Public Works or other Town departments from time to time during the contract period. This contract shall be made available for purchases of said materials to other Town of Wellesley Departments and Boards. Each bid shall be accompanied by a bid deposit in the form of a bid bond, certified check, or a treasurer's or cashier's check issued by a responsible bank or trust company, payable to the Town of Wellesley. The bid deposit shall be not less than 5% (five percent) of the bid. This contract, in accordance with both Chapter 303, section 60 of the Acts of 2008 and Chapter 10, section 4 of the Acts of 2011, contains price adjustment clauses for diesel fuel, gasoline, liquid asphalt, Portland cement concrete, and steel in the bid documents as are applicable. The base price on this project will be based on the most recently published price at the release of the contract documents. This price adjustment shall be based on the Massachusetts Department of Transportation pricing and will be clearly noted in the Information for Bidders section of the contract documents. No such envelope shall contain more than one bid. The Department of Public Works reserves the right to accept any bid item or combination of bid items or reject any or all proposals, as in its sole judgment, the best interest of the Town of Wellesley would be served by so doing. This contract contains a price adjustment provision for Hot Mix Asphalt mixtures. The base price for asphalt cement on this project is $665.00 per ton from the MassDOT Period Prices for Liquid Asphalt March 2023.
Prior to execution of a contract, a Payment Bond in the amount of fifty percent (50%) of the total estimated price and of a surety company qualified to issue bonds in the Commonwealth will be required to be furnished by the Contractor to the Town of Wellesley as security for payment by the Contractor and Subcontractor for labor, materials, rental of equipment and for such other purposes as are set forth in the General Laws, Chapter 149, Section 29 and Chapter 30, Section 39A and all amendments thereto. bid open info One tap mobile
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