The City of Granbury is accepting competitive sealed Bids for the Pavement Rehabilitation Granbury Regional Airport project until 2:00 pm. local time on Tuesday, July 2, 2024, at the City Service Center, located at 401 North Park Street, Granbury, Hood County, Texas 76048. Bids will be publicly opened and read aloud at this time, at the City Service Center conference room. The city will not accept electronic bids.Each Bid shall be accompanied by a Cashier’s Check or Bid Bond, acceptable to the Owner, in an amount not less than five percent (5%) of the total amount bid, as a guarantee that the successful bidder will enter into a proper Contract and execute Bonds on the forms provided in the Contract Documents. Bid sureties will be returned to all but the three lowest acceptable bidders within ten days after the opening of Bids. Remaining bid sureties will be returned after complete execution of the Contract.The surety company providing the Bid Bond must conform to the same requirements for surety companies providing Performance and Maintenance Bonds, and Payment Bonds described below.The successful proposer must furnish Performance and Maintenance Bond, and Payment Bond on the forms furnished with the Contract Documents in the amount of one hundred percent (100%) of the total Contract price, from a surety company holding a permit from the State of Texas to act as surety. The surety company must have a minimum Best’s Key Rating of “B” or better. The surety company, the agency and agent issuing the Performance and Maintenance Bond and Payment Bond must be authorized to issue such bonds in Texas in an amount equal to or greater than the total contract price. <p style="margin: 0in 0in 8.05pt -0.25pt; text-align: jus
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