Site work for a water / sewer project in Austin, Texas. Completed plans call for site work for a water / sewer project.

Bids will be submitted in sealed envelopes for the project on the proposal furnished, and marked in the upper left-hand corner: "Bid for Lake Austin Dock Project to be opened at 10:00 AM., January 26, 2026" An acceptable form of bid security payable to Lake Pointe Municipal Utility District, in an amount not less than five percent (5%) of the bidder's proposal, must accompany each proposal as a guarantee that if awarded the Contract the bidder will enter into a contract and execute necessary bonds within ten (10) days of award of the Contract. The bid security must be issued by a solvent surety authorized to do business in the State of Texas and acceptable to Owner. Proposals submitted without acceptable bid security will not be considered. Bid security will be administered as stated in the "Instructions to Bidders" for the Project. The successful bidder will be required to execute performance and payment bonds on the forms furnished by the Owner and in the amount of one hundred (100%) percent of the contract price. Payment and performance bonds must be issued by a solvent corporate surety company authorized to do business in the State of Texas or other surety or sureties approved by the Owner, with approval prior to be secured prior to bid opening. A maintenance bond in the amount of ten (10%) percent of the contract price will also be required. Minimum insurance requirements are as stated in the General Conditions of the Agreement, a copy of which is included in the bidding documents. The Owner reserves the right, as the interests of the Owner may require, to reject any and all bids, and to waive any and all formalities, technicalities, minor defects or irregu-larities in bids received or bidding process except time of submitting bid. The Owner further reserves the right to determine which bid(s) are most advantageous to the Owner and to award the contract on this basis. No bid may be withdrawn for a period of ninety (90) days after opening of the bids. If a submitted bid is withdrawn within said period, bid guaranty shall become the property of the Owner, not as penalty, but as liquidated damages, or Owner may pursue any other action allowed by law. Final completion of the Project must occur within one hundred twenty (120) days after issuance of a notice to proceed, subject to appropriate extensions as permitted under the Contract Documents.