Difference between revisions of "103.2 Contract Bond for Sec 103.4"
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| − | [[:Category:152 Contactor Bonding Responsibilities|EPG 152 Contactor Bonding Responsibilities]] and [http://www.modot. | + | [[:Category:152 Contactor Bonding Responsibilities|EPG 152 Contactor Bonding Responsibilities]] and [http://www.modot.org/business/standards_and_specs/SpecbookEPG.pdf#page=4 Sec. 103.4] provide information regarding the contract bond. |
| − | 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. | + | 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.org/business/standards_and_specs/SpecbookEPG.pdf#page=9 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. |
Revision as of 11:20, 8 June 2016
EPG 152 Contactor Bonding Responsibilities and Sec. 103.4 provide information regarding the contract bond.
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 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 QRG Change Orders - Mobilization and Contract Bond for instructions on how to process this change order in SM
. 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 Job Order Contracts and Contract Level Course projects, are not eligible for this reimbursement since they do not include a pay item for mobilization.
