103.2 Contract Bond for Sec 103.4: Difference between revisions

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m Per CM, this article completely updated to provide additional information on how to make payment for contract bond and railroad liability insurance
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[http://www.modot.mo.gov/business/standards_and_specs/Sec0103.pdf Sec. 103.4] provides information regarding the contract bond.
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For contracts that include a pay item for mobilization, the contractor may submit a request for an upfront reimbursement payment for the cost of the contract bond, as well as the cost of any railroad liability insurance (see [http://www.modot.state.mo.us/business/standards_and_specs/Sec0618.pdf Sec 618]).  The contractor will need to submit this request to the Resident Engineer along with invoices that verify the cost of the bond and/or railroad liability insurance. The RE will then issue a no-cost change order to add a pay item for these costs and to reduce the cost of mobilization by an equal amount. See the [[:Category:101 Standard Forms#Change Orders – Mobilization and Contract Bond|QRG Change Orders-Mobilization and Contract Bond]] for instructions on how to process this change order in SM[[image:bulldozer.jpg|20px]]. If the change order is exclusively issued to pay bond/insurance, then the contractor’s signature on the change order is not required and no higher level approval is required, including federal oversight projects.  Contracts that do not include a pay item for mobilization, such as [[147.3 Job Order Contracting (JOC)|Job Order Contracts]] and [[:Category:402 Bituminous Surface Leveling|Contract Level Course]] projects, are not eligible for this reimbursement since they do not include a pay item for mobilization.
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<b>See [https://www.modot.org/missouri-standard-specifications-highway-construction Missouri Standard Specifications for Highway Construction Sec 103.4 Contract Bond Required] for more information.</b>
 
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[[Category:103 Award and Execution of Contract]]

Latest revision as of 11:39, 19 November 2024



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See Missouri Standard Specifications for Highway Construction Sec 103.4 Contract Bond Required for more information.

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