Page 416 - CityofHasletFY25AnnualBudget

• Other projects or buildings where civil engineering is required.

11. Bonding Requirements

a. Bid Bonds

A bid bond may be required for a specified amount or a percentage (from
1% to 5%) of the total contract price to ensure that if a bidder/offer
withdraws the bid/offer after acceptance, the City will not suffer a loss.

b. Performance and Payment Bonds

Required for public works contracts. The contractor, before beginning the
work, must execute required bonds that are payable to the City of Haslet:

• Performance bond, conditioned on faithful performance of the work in
accordance with the plans, specifications, and contract documents if
the contract is in excess of $100,000; and
• Payment bond if the contract is in excess of $25,000

Bonds must be in the full amount of the contract price and executed by a
surety company authorized to do business in the state of Texas.

12. Change Orders

A change order is a written order signed by the project engineer/manager, and
approved d by the City, directing the contractor to make changes in the plans and
specifications or decreasing or increasing the quantity of work to be performed or
of materials, equipment or supplies to be furnished authorized by the changes
clause of the contract.

Requirements:

• All changes to the contract must be in writing.
• The City Manager may approve change orders up to $15,000, subject to City
Council ratification.
• The original contract price may not be increased by more than 25%.
• The original contract price may not be decreased by more than 25% without
the contractor’s consent.
• Total contract price may not be increased unless the cost of the change can
be paid from available funds or is provided for by the authorization of the
issuance of time warrants.

Purchasing Policies Page 21

Haslet Adopted Budget FY 2024-2025 414