Site work for a road / highway in Charlottetown, Prince Edward Island. Completed plans call for site work for a road / highway.

The Contractor hereby covenants and agrees with the Minister as herein provided in connection with the following work, namely: Route 1 - Mount Albion Intersection - Mount Albion 2024 Section 00112, Station 5+266 - 6+340 Section 00501, Station 0+000 - 0+181 For a total distance of 1255 metres. This project is located at the intersection of Route 1 and Route 5. The work includes: Constructing a right turn lane, an acceleration lane, a left turn lane, and decommissioning an on ramp. It includes storm sewer installation, cold planing asphalt, earth excavation, placing select borrow, placing granular A, placing asphalt base A, placing asphalt seal B, landscaping and all other work necessary to complete the project. Bid and Performance Security The Contractor hereby and herewith deposits with and delivers to the Minister, as security of the due fulfilment of the Contract, one of the following, which shall remain in effect for a minimum of 30 days after tender closing: a) a certified cheque equal to or greater than the amount stipulated in Schedule A - Schedule of Special Provisions. OR b) a bank draft equal to or greater than the amount stipulated in Schedule A - Schedule of Special Provisions. OR c) a bid format irrevocable standby letter of credit on a government approved form equal to or greater than the amount stipulated in Schedule A - Schedule of Special Provisions. OR d) a bid bond equal to or greater than the amount stipulated in Schedule A - Schedule of Special Provisions. The bond shall be from a surety company authorized to carry on business in Canada guaranteeing to supply a performance bond equal to 50% of the Contract value, excluding HST and a labour and material bond equal to 25% of the Contract value, excluding HST. The stipulated bid security amount shall be at least $120,000.00.