2023-07-25_GENERAL DOCUMENTS - M1995005

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Performance and Payment Bonds. A Performance and Payment bond is required if the amount bid is $150,000.00 or greater. The CONTRACTOR shall furnish a labor and material payment bond for 100 percent of the original contract price and a performance bond for 100 percent of the original amount of the contract. The bonds are required by State Law, Title 24- 105, 202-203, C.R.S., as amended. The bonds shall be submitted using the State forms. A certified or cashier's check or bank money order may be accepted in lieu of the bonds. If a surety other than a bond is used, the State will hold fifty percent (50%) of the surety until the final settlement date and fifty percent (50%) for six (6) months after the final settlement date. Retainage. If the project exceeds $150,000.00, 5% retainage will be withheld until the project has been satisfactorily completed. Notice of Contractor's Settlement will be advertised via electronic media on the Colorado VSS website. GENERAL BID SPECIFICATIONS The Colorado Inactive Mine Reclamation Program, General Bid Specifications 2009 which include General Conditions for Construction, Standard Work Specifications, and Standard Drawings and Figures are intended to complement these Special Conditions. Please refer to the Standard Work Specifications for all applicable types of work required in the Special Conditions. The General Conditions of the Contract apply to all work covered in the Special Conditions. PROJECT DATES The project is scheduled for construction between September 1, 2023 and October 20, 2023. This includes ten (10) days mobilization time. These dates are tentative and may change. TIME OF COMPLETION The time of completion allowed for the project is fifty (50) calendar days after receipt of the Notice to Proceed. This includes ten (10) days mobilization time. NOTICE OF AWARD AND EXECUTION OF DOCUMENTS A Notice of Award will be sent to the apparent low bidder within a reasonable time following the bid submission deadline. The Division of Reclamation, Mining and Safety must receive the following by the date specified in the award letter: (a) Executed Agreement, if required; (b) Fully-executed Performance and Payment Bonds, accompanied by appropriate Power of Attorney, if required; (c) Certificates of Insurance showing proof of required coverage and Additional Insured Endorsement; (d) Project Schedule; (e) AML Contractor Ownership and Control Form, if required; (f) Three-Way Agreement for Reclamation Activities, if required; Rev. 07/07/2023 Page 6 of 20