Description
The City of Sparks, Georgia is seeking bids for the 2021 and 2022 Local Maintenance and Improvement Grant (LMIG) leveling and resurfacing improvements to Washington Street. The project includes furnishing all materials, labor, tools, equipment, and incidentals necessary for the installation of the improvements. The scope of work includes leveling and resurfacing improvements to Washington Street. All proposals shall be accompanied by a Bid Bond in favor of the City of Sparks in the amount of at least five percent (5%) of the lump sum bid for the complete work. The Bid Bond shall be forfeited to City of Sparks, Georgia as liquidated damages if the Bidder fails to execute the Contract and provide Performance and Payment Bonds within (10) days after being notified that he has been awarded the Contract.
Key points to consider:
• The project must be completed within 90 consecutive calendar days.
• The Bid Bond shall be equal to 100 Percent (100%) of the contract amount.
• The Performance Bond shall be equal to 100 Percent (100%) of the contract amount.
• The Payment Bond shall be equal to 100 percent (100%) of the Contract amount.
• The Contractor shall be a current “Prequalified Contractor” with the Georgia Department of Transportation, Office of Contract Administration or shall be approved in writing prior to bid being opened by the City of Sparks.