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UpperRed Risk

ClosedPublic Works & Infrastructure

Construction Projects

BID #: N/A

ISSUED: 6/16/2016

DUE: 7/14/2016

VALUE: $175,000

Rating

Risk Rank

Red Risk

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Executive Summary

This document details the reconstruction of the Bayview Boat Ramp in Upper Township, Cape May County, New Jersey. The project involves removing the old bulkhead and piling, excavating the boat ramp area, and installing a new vinyl bulkhead, concrete cable mats, and mooring pilings. It also includes the installation of drainage, concrete curb and sidewalk, regrading the road, paving with hot mix asphalt, backfilling, and wetland plantings. The project is funded by a grant from the NJDOT. Bids were solicited with a submission deadline of July 14, 2016.

Detailed Risk Breakdown

local preference

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performance bond

Evidence Detected

3 CLAUSES FOUND

"...Each bidder must deposit with his bid a certified check, cashier’s check, or bid bond in the amount of not less than ten (10) percent of the total lump sum bid but not in excess of $20,000.00, and a certified statement from a bonding company guaranteeing the furnishing of a Performance Bond...."

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liquidated damages

Evidence Detected

2 CLAUSES FOUND

"...The successful bidder, upon his failure or refusal to execute and deliver the contract required within eight (8) days after he has received notice of the acceptance of his bid, shall forfeit to the Owner, as liquidated damages for such failure or refusal, the security deposited with his bid...."

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