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(06-06-02) Alley Way Improvements
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Last modified
6/13/2012 4:06:34 AM
Creation date
1/20/2011 3:56:07 PM
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CityClerk-Bids_RFP_RFQ
Project Name
Alley Way Improvments
Bid No. (xx-xx-xx)
06-06-02
Project Type (Bid, RFP, RFQ)
Bid
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' 13.2 Trench Safety Act: The Occupational Safety and Health Administration excavation safety <br />standards, 29 CFR 1926.650 Subpart P trench safety standards will be in effect during the <br />period of construction of the Project. In compliance with current State of Florida statutes, <br />' the Bidder shall provide documentation required by the Florida Trench Safety statute to <br />the Owner, in conjunction with the Bid Form. <br />' 14. LIQUIDATED DAMAGES <br />14.1 The Owner may incur financial loss if the Work is not substantially complete by the date <br />set forth in the Agreement. The Contractor (and his Surety) shall be liable for liquidated <br />damages in accordance with the Supplementary Conditions and the Agreement. <br />15. PERFORMANCE BOND AND LABOR AND MATERIAL PAYMENT BOND <br />' 15.1 With the execution and delivery of the Contract, the Bidder shall furnish the following <br />Surety bonds of the forms contained herein: <br />a. Performance Bond guaranteeing full and faithful execution of the Work in an <br />amount equal to 100 percent of the Contract Sum, and including guaranteed <br />' repair and maintenance of all defects due to faulty materials and workmanship <br />that appear within one year after completion of contract. <br />b. Labor and Material Payment Bond guaranteeing full and proper protection of all <br />' claimants supplying labor and materials in the Work in an amount equal to 100 <br />percent of the Contract Sum. <br />15.2 Bonds shall be executed by Surety authorized to do business in the State of Florida and <br />' listed on the latest U.S. Treasury Department list of companies holding certificates of <br />authority as acceptable sureties on Federal Bonds. <br />' 15.3 Bonds executed by an Attorney -in -Fact on behalf of the Surety, shall have affixed thereto <br />a certified and current copy of Power of Attorney, indicating the monetary limit of such <br />power. <br />' 15.4 Qualifications: As to companies being rated acceptable: <br />A Bid Bond and Performance and Payment Bond must be executed by a Surety Company <br />of recognized standing, authorized to do business in the State of Florida and having been <br />in business with a record of successful continuous operation for at least (5) years. <br />' In addition to the above — minimum qualifications, the Surety Company must meet the <br />following additional qualifications. <br />l <br />The City will accept a surety bond from a company with a rating of B ++ or better <br />for bonds up to $1 million, provided, however, that if any Surety Company <br />appears on the watch list that is published quarterly by Intercom of the Office of <br />the Florida Insurance Commissioner, the City shall review and either accept or <br />reject the Surety Company based on the financial information available to the <br />City. A Surety Company that is rejected by the City may be substituted by the <br />bidder or proposer with a surety company acceptable to the City, only if the bid <br />amount does not increase. <br />06/06 00100 -5 03-4138.0 <br />
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