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Publicly Funded
Addenda Available
Post-Bid
Published December 27, 2024 at 7:00 PM
Updated December 28, 2024
Site work and paving for a civil project in Broussard, Louisiana. Completed plans call for site work for a road / highway; for paving for a road / highway; and water / sewer project.
Multi-use path, concrete parking lanes, driveways, base course, asphalt pavement, storm drainage, striping, speed table, lighting, and other work indicated in drawings and specifications. Each bid shall be accompanied by a certified check, cashier's check, or bid bond payable to the City of Broussard, the amount of which shall be five percent (5%) of the base bid plus all additive alternates. If a bid bond is used, it shall be written by a surety or insurance company currently on the U.S. Department of the Treasury Financial Management Service list of approved bonding companies which is published annually in the Federal Register, or by a Louisiana domiciled insurance company with at least an A-Rating in the latest printing of the A.M. Best's Key Rating Guide to write individual bonds up to ten percent (10%) of policyholders' surplus as shown in the A.M. Best's Key Rating Guide, or by an insurance company in good standing licensed to write bid bonds which is either domiciled in Louisiana or owned by Louisiana residents. The bid bond shall be issued by a company licensed to do business in Louisiana. The certified check, cashier's check, or bid bond shall be given as a guarantee that the bidder shall execute the contract, should it be awarded to him, in conformity with the contract documents within ten (10) days. The successful Bidder shall also be required to furnish a Performance and Payment Bond written by a company licensed to do business in Louisiana, in an amount equal to 100% of the Contract amount. Surety must be listed currently on the U. S. Department of Treasury Financial Management Service List (Treasury List) as approved for an amount equal to or greater than the contract amount or must be an insurance company domiciled in Louisiana or owned by Louisiana residents. If surety is qualified other than by listing on the Treasury list, the contract amount may not exceed fifteen percent of policyholders' surplus as shown by surety's most recent financial statements filed with the Louisiana Department of Insurance and may not exceed the amount of $500,000. However, a Louisiana domiciled insurance company with at least an A- rating in the latest printing of the A. M. Best's Key Rating Guide shall not be subject to the $500,000 limitation, provided that the contract amount does not exceed ten percent of policyholders' surplus as shown in the latest A. M. Best's Key Rating Guide nor fifteen percent of policyholders' surplus as shown by surety's most recent financial statements filed with the Louisiana Department of Insurance. The Bond shall be signed by the surety's agent or attorney-in-fact. The Owner reserves the right to reject any and all bids and to waive informalities. In accordance with LA RS 38:2212 (A) (1) (b), the provisions and requirements of this section, those stated in the Advertisement for Bids, and those required on the Bid Form shall not be considered as informalities and shall not be waived.
Award
Roads / Highways
$4,599,922.00
Public - City
Paving, Site Work
Plans and Specifications are not available for this project. If that changes, they will be made available here.
Trades Specified
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E Main St, Broussard, LA
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