10-Insurance Requirements.pdf

This is an Insurance Requirements document for the Bangor Borough N. Main Street Storm Sewer project in Pennsylvania. The project involves storm sewer infrastructure improvements on N. Main Street in Bangor Borough. Sealed electronic proposals will be accepted via the PennBid Program until July 17, 2026 at 12:00 pm, with bid tabulation and results available on PennBid following the opening. Borough Council action is tentatively scheduled for July 27, 2026 at 7:00 pm at the Municipal Meeting Room located at 197 Pennsylvania Avenue, Bangor, PA. A mandatory pre-bid meeting will be held on July 10, 2026 at 10:00 am at Bangor Borough Hall. Each bidder must submit a proposal for the total project, with all listed quantities being approximate. Bids must be accompanied by a bid bond or certified check payable to Bangor Borough in the amount of 10% of the total bid amount.

The successful bidder must provide a performance bond or certified check to the municipality equal to 100% of the contract value within 20 days of contract award. Liquidated damages are assessed at $825.00 per calendar day for project delays. All bids remain irrevocable for 60 days following the bid opening date. The municipality reserves the right to reject any or all bids and to waive any defects, errors, omissions, mistakes, irregularities, informalities, or technicalities in submitted bids. Specifications and bid forms are available through the PennBid platform.