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Long BranchRed Risk

ClosedGeneral

Martin Luther King Park Improvements

BID #: 3

ISSUED: 7/28/2023

DUE: 8/16/2023

VALUE: TBD

Rating

Risk Rank

Red Risk

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Executive Summary

The City of Long Branch solicited bids for the "Martin Luther King Jr. Monument Park Build-Out" project. This project involves creating a patio, providing water access, and establishing various monuments and spaces to honor MLK Jr. near Trautman’s Creek. The improvements include new site amenities, a patio space, walkways, monument and landscape enhancements. Sealed bids were due at Long Branch City Hall by 11:00 AM on August 16, 2023.

Detailed Risk Breakdown

local preference

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performance bond

Evidence Detected

2 CLAUSES FOUND

"...Each bid must be accompanied by a certified check or cash of not less than ten (10%) percent of the bid payable without any conditional endorsement as a guarantee that in case the contract is awarded to the bidder, he will within ten (10) days thereafter execute such contract and furnish satisfactory performance bond...."

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liquidated damages

Evidence Detected

1 CLAUSES FOUND

"...Upon failure to do so, he shall forfeit the bid security as liquidated damages and the acceptance of the bid will be contingent upon the fulfillment of this requirement by the bidder...."

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