Site work for a road / highway in Lake Charles, Louisiana. Completed plans call for site work for a road / highway.

Description Striping of Various Roads in Calcasieu Parish The successful bidder shall be required to furnish a Performance and Payment Bond, each in an amount equal to 100% of the Contract amount, which 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 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, all in accordance with LSAR.S. 38:2219. The successful bidder shall be required to have 5% or 10% retainage withheld from all payments. No Bid Bond indicating an obligation of less than five percent (5%) by any method is acceptable. The contractor is responsible for investigating and complying with electronic bid bond submission with and through the electronic bidding service. The Owner reserves the right to reject any and all bids for just cause as permitted by LA R.S. 38:2214B. The ability of an Entity to reject any bid is applicable only when administered in accordance with the Public Bid Law. In accordance with LSAR.S. 38:2212B.(1), the provisions and requirements of this Section, and those stated in the bidding documents shall not be waived by any entity