Amendment 1.pdf

This is Amendment #1 to an Invitation to Bid (ITB) for the 2023 Street Overlay Project issued by the City of Redmond Public Works Department in Oregon. The amendment revises insurance and bonding requirements for contractors participating in the competitive bid procurement. The project involves applying a polymer modified slurry seal to approximately 162,000 square yards of existing asphalt roadways throughout the city. Bid documents were due on March 22, 2023, at 4:00 pm, with contract award anticipated on March 28, 2023. The contract term runs from March 29, 2023, to August 25, 2023, and includes a one-year warranty on all workmanship and materials.

Amendment #1 establishes revised insurance requirements that contractors must obtain and maintain at their own expense prior to contract award. Contractors must carry professional liability insurance of not less than $2,000,000 per occurrence and $4,000,000 aggregate, as well as Commercial General Liability Insurance, Automobile Liability Insurance, and Workers' Compensation Insurance, each in the amount of not less than $2,000,000 per occurrence and $4,000,000 aggregate. All insurance policies must name the City of Redmond as an additional insured. The Engineer's Estimate for the project is $565,086.08, with actual bids ranging from $433,390.00 to $578,960.00. Contractors must provide a bid bond of 5% of the total bid amount along with performance and payment bonds, and comply with Oregon Bureau of Labor and Industries prevailing wage rates. A 5% retainage provision applies to progress payments and is released upon final project completion. Additional detailed insurance and bond requirements are referenced in Attachment E, Exhibit A.