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CarteretRed Risk

ClosedPublic Works & Infrastructure

Carteret Ferry Terminal Bid Documents

BID #: N/A

DUE: 5/20/2022

VALUE: $580,000.00

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Risk Rank

Red Risk

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Executive Summary

The Borough of Carteret is seeking bids for the Bulkhead Installation at the Future Carteret Ferry Terminal at Arthur Kill. The project involves the installation of permanent steel sheet piles and a steel cap. All work must be completed within 90 calendar days from the Notice to Proceed. Bids must be submitted to the Borough Clerk by May 20, 2022, at 10:00 am, and must include a Statement of Consent of Surety and a Proposal Bond or Certified Check for 10% of the total bid price (up to $20,000.00).

Detailed Risk Breakdown

local preference

No Flags Found

performance bond

Evidence Detected

3 CLAUSES FOUND

"...The successful Bidder is hereby notified that a Performance and Payment Bonds for the full amount of this Project is required...."

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liquidated damages

Evidence Detected

1 CLAUSES FOUND

"...For each calendar day that the Contractor fails to achieve Completion as specified in Subsection 108.10 of these Special Provisions, the Borough will assess liquidated damages in the amount of $1,000.00...."

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