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Finance Committee - Agenda - 8/1/2018 - P59

By dnadmin on Mon, 11/07/2022 - 11:31
Document Date
Wed, 08/01/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 08/01/2018 - 00:00
Page Number
59
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__080120…

item No.

203.112

203.113

203.3

304.3

304.33

403.11

403.41

403.12

403.6

417

604.4

604.48

604.8

605.47

608.24

BID ALTERNATE 1

FEDERAL AID PAVING PROJECT

KINSLEY STREET NHDOT: 41049
Contractor: Newport Construction Corp.
Gity of Nashua, New Hampshire
Division of Public Works
Bid Schedule
Estimated tem Description Unit Price Total Price
Quantity Units vith Unit Bid Price In Words in figures In flaures
SY Road Excevylign and Regrade
ae cers 000 _1,54a,00
315 SY Driveway eae eee Regrade Dollars and
Oy AAs Cents X OD 352 0.00
400 cy Unclassified Ex fon
aw eT 0, O\ { 00
CY Crushed Gravel Sa. potlars and
ee ae H,60 \,000,00
SY Crushed Aggregate far Shoulders
Ana Dollars and 1,00 25,00
TON Hot Bituminoug Pavement, Maghine Method, (QC/QA Tier 2} (Binder)
AIRES nett 10-00 O18, R64,00
TON = Hot Bluminoys Pavement. Maching Method, High Strength (Top Course}
aay On Sane F100 _ 69,370.
TON — Hol Bitumjpays Pavement, Hand Method
Ae aga 100.00 14,380.00
LF Pavement Joint Adige noler and
Ate ASEe Cents 0.20 A,C14.30
SY Cold Planing,Situminous Surfaces
Se EEE Pelee IO BB, 0OOHO
EA Adjust to age xiang Casing {CB or ie (
amr err 3 poles ae 300,00 4,000.00
EA _—- Replace Gasting (CB ar mH j p .
ee sausiippeianens § 90,9 14,500.00
wr Repsr of tee 4, errno Ooillars and
. eos : Cenis 200. CO BO,O00.00
EA Drop and Plate Castings) rr deon Dollars and
ease, che Atm Gaxak Cems 959.00 __ {1150.00
sy

Reconstruct 4" ni Concrete Sidewalk
Dollars and
Gents

[00.00 _%,000,c0

Page Image
Finance Committee - Agenda - 8/1/2018 - P59

Finance Committee - Agenda - 8/1/2018 - P60

By dnadmin on Mon, 11/07/2022 - 11:31
Document Date
Wed, 08/01/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 08/01/2018 - 00:00
Page Number
60
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__080120…

BiD ALTERNATE 1

FEDERAL AID PAVING PROJECT

KINSLEY STREET NHDOT: 41048
Contractor: Newport Construction Corp.
City of Nashua, New Hampshire
Division of Public Works
Bid Schedule
Estimated item Description Unit Price Totai Price
item No. Quantity Units with Unit Bid Price in Words In figures in figures
608.36 [233] s¥ “Reinforgad Cament Goncyete Sidewalk »
Dollars and
CAee ces _ (95.00 _45,435,00
608.245 EA Delectable Wamipg Panel ; p SL ke
[dArer Dollars and
. ee y ‘ Cents 50.00 (6,000.06
609.04 LF Straight Granite Gurbing “ , *
" Nise fuwe Dollars and 25 00 19uUS
fee Cenis : : Y9,00
609.5 LF Reset Grapite Curbing
Set Dollars and o
tAaaee Od Cents O20. 2,000.00
616.65 EA _Lacal Traffic Loops 6'%50' (2-4-2 gum) ( (
5, Ree. : Dollars and 7
CA ee 9g “] OO” £0 00.00

618.6 Fo Te] Allowance Uniformed OFF
Sr Axe A ey ho AQAA AFirscucl Dollars and
Cents

$27,000.00 2B), 000.00
618.7 Hrs —- Flaggers “Th. Sep
eee Polite __00.0O _12, 152.00
619.1 Lump Sum rere Live p b cctore and 5
° . * Cents 2 ‘O2O.0f> B45, OD, 00
632.0104 LF . Relrorefiective Paint Pavement Markings,
4“ Single Solid Liry
Cee ee 0.80 PUS,.CO
632.3112 LF ——- Retrorefiective Thermoplastic Pavement
Markings, 12" Single Solid Line
ee ‘ Seles Ae 2.35 (O59 5 5O
632.3118 LF Retroreflective Thermoplastis Pavement
Markings, 18° Single-Solid Line
hl f ‘ Delis and 2 B45 H 50 00
632.32 SF —-Retroreflective nerqpoptestic Symi
KS eS Be K 1,00 1150.00
632.80 EA Temporary Pavgment Markers nollars and
Le tenis 100 872.00

Page Image
Finance Committee - Agenda - 8/1/2018 - P60

Finance Committee - Agenda - 8/1/2018 - P61

By dnadmin on Mon, 11/07/2022 - 11:31
Document Date
Wed, 08/01/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 08/01/2018 - 00:00
Page Number
61
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__080120…

BID ALTERNATE 4 FEDERAL AID PAVING PROJECT
KINSLEY STREET NHDOT: 41049

Contractor: Newport Construction Corp.
Gity of Nashua, New Hampshire
Division of Fublic Works
Bid Schedule
Estimated ltern Description Unit Price Total Price
ltam No. Quantity Units with Unit Bid Price in Words in figures in figures

1010.2 Allowance Liou

$35,530.00 Do,0 20-00

1010.29 EA Quality GontrolQualiy Assurance (QC/QA}
Dollars and
wee Seis (000,00 BO 000.00

1010.3 [tT _] Lump Sum Quality eayeas ie or er Renal
Dollars and
Cents $6,350.00 ly 39 6 é 00
TOTAL BID ALTERNATE 4 - KINSLEY STREET 5\3, Is 10

TOTAL OF BID hse Quamcred eto w, Hierrord ore
ALTERNATE 1 ITEMS , .
(words) Jrrmprcsl Hela, tanh dn Dsis asd) Acie Ca ShD

Page Image
Finance Committee - Agenda - 8/1/2018 - P61

Finance Committee - Agenda - 8/1/2018 - P62

By dnadmin on Mon, 11/07/2022 - 11:31
Document Date
Wed, 08/01/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 08/01/2018 - 00:00
Page Number
62
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__080120…

BID SUMMARY

Base Bid Amherst Street, Somerset Venhet an and Broad Street

s Lsmabrodl Aouesttin Down $79, 414.3710 30

{amount in words) dues (figures)
Tiere OEREe. Servdued Aovetty SpQars
Bid Alternate 1 - Kinsley Street
‘eiwe Dumdled cotton Hitasedl ore. $ DIBI4SI0

(amount in words)

UE walt 0 cute! g (fi gues)

Page Image
Finance Committee - Agenda - 8/1/2018 - P62

Finance Committee - Agenda - 8/1/2018 - P64

By dnadmin on Mon, 11/07/2022 - 11:31
Document Date
Wed, 08/01/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 08/01/2018 - 00:00
Page Number
64
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__080120…

tad
°

Bidder and Surety, jointly and severally, bind 7.
themselves, their heirs, executors, administrators,
successors, and assignsto pay to COWNER upon

defauli of Bidder the penal sum set forth on the face
afihis Bond.

Default of Bidder shall ovcur upon the failure of
Bidder to deliver within the time required by the
Bidding Documents (or any extension thereof
agreed to in writing by OWNER) the executed
Agreement required by the Bidding Documents and
any performance and payment bonds required by
the Bidding Documents and Contract Documents.

This obligation shall be null and void 1F 9,

3.1. OWNER accepts Bidder’s bid and Bidder
delivers within the time-required by the
Bidding Documents (or any extension thereof
agreed to in writing by OWNER) the executed
Agreement required by the Bidding Documents
and any performance and payment bonis
required by the Bidding Documents and
Contract Documents, or

1a.

tad
bad

All bids are rejected by OWNER, or

OWNER fails to issue a notice of award to

Bidder within the time specified in the Bidding
Documents (or any extension thereof agreed to

in writing by Bidder and, ifapplicable;

consented to by Surety when required by

paragraplr 5 hereof), i

Lad
;
heel

é

Payment ander this bond will he due and payable
upon default by Bidder and Within 30 calendar
days after receipt by Bidder and Surety of written
notice of default from OWNER, which notice will
be given with reasonable prompiness, identifying
this Bond.and the Project and including.a statement
oPthe amount due.

Surety waives notice of and any and all defenses
based on or arising out of any time extension to
issue notice of award agreed to ih writing by
OWNER and Bidder, provided that the.time for
issuing Notice of Award including extensions shall
not in the ageregaté exceed 120 days from Bid Due
Date without Surety’s written consent,

No suit or action shall be commenced under this
Bond prior to 30 calendar days after the notice. of
defaull required in paragraph 4 above is received by
Bidder and Surety, and ia. no case later than one
year afier Bid due date.

BB -2of2

Any suit or action udder this Bond shall be
commenced only ina court of competent
Jurisdiction located in the state in which the Project
is located,

Notice required hereunder shall be in writing and
sent to Bidder and Surety at their respective
addresses shown on the face of this Bond. Such
notices may be sent by personal delivery,
commercial courier or by United States Registered
on Certified Mail, return receipt requested, postage
pre-paid, and shall be deemed ig be effective upon
receipt by the party concerned.

Surety shall cause to be attached to this Bond a
current and effective Power of Attorney evidencing
the authority of the officer, agent or representative
who executed this Bond on behalf of Surety to
execuic, seal and deliver such Bond and bind the
Surety thereby.

This Bond is intended to conform to all applicable
statutory requirements. Any applicable requirement
of ary applicable stetute that-has been omitted from
this Bond shall be deemed to be included herein as
if set forth at length, any provision af the Bond
conflicts with any applicable provision of any
applicable sistute, then the provision of said statute
shall govern and the remainder of this Bond that is
not in conflict therewith shall continue in full force
and effect,

The term “Bid as used herein includes a Bid, offer
oF proposal as applicable.

Page Image
Finance Committee - Agenda - 8/1/2018 - P64

Finance Committee - Agenda - 8/1/2018 - P65

By dnadmin on Mon, 11/07/2022 - 11:31
Document Date
Wed, 08/01/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 08/01/2018 - 00:00
Page Number
65
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__080120…

SWISS RE CORPORATE SOLUTIONS

NORTH AMBRICAN SPECIALTY INSURANCE COMPANY
WASHINGTON INTERNATIONAL INSURANCE COMPANY

GENERAL POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, THAT North American Specialty Insurmnce Company, a corporation duly organized and existing under
jaws of the State-of New Hampshire, and having its principal office in the City of Overland Park: Kansas, and Washington International Insurance
Company, a corporation organized and existing under the laws of the State of New Hampshire and having its principal offiec.in the City of Overland
Park, Kansas, cach does heréby make, constitute and. appoint: Kathleen M Flanagan

Principal: Newport Construction Corp. Bond Number: Bid Bond

Obligee: Citvof Nashua NY Bond Amount: See Bond Form

Bend Description: Paving - Various Streets, Nashua NE - TIE BOS60-07 1718
is true and lawful Attomey-in-Fact, io make, exeenie, seal and deliver, for and on ity behalf and «8 its act and deed, bonds or other writlags
obligatory in the nature of @ bond on behalf of each of said Companies, as surety, on contracts of suretyship as are or may be required or permitted by
low, regulation, contract or otherwise, provided (hat ne-hond or underiaking or contract or suretyship executed under this authority shall exceed the
airount of reer? oa :

me FIFTY MILLION ($30,000,000.00) DOLLARS

This Power of Altorney is granted and is signed by facsimile under and by the authority of the follewing Resulutions adapted bythe Boards of
Directors of both Narth American Specialty Insurance Company and Washington International Insurance Company at meetings duly called and held
on the 9" of May, 2012:

“RESOLVED, that any two of the Prosidents, any Managing Director, any Senior Viee President, any Vice President, any Assistant Vice President,
the Secretary or any Assistant Secretary be, and each or any of them hereby is authorized to execute a Power of Attorney qualifying the attorney named
in the given Power of Attorney to execute on behalf of the Company bonds, undertakings and all contracts of surety, and that each or any of them
hereby is authorized to attest to the execution of any such Power of Attomey and to attach therein the seal of the Company; and it is

FURTHER RESOLVED, thal the signature of such officers and the seal of the Company may be affixed to. any such Power of Adlorney or to any
certificate relating thereto by facsimile, and any such Power of Attorney or certificate bearing such facsimile signatures or facsimile seal shall be
binding upon the Company when so affixed and in the future with regard to any bond, undertuking or contract of surcty to which it is attached.”

AEs
eget : .
any 1%, comma,
Se tet Nts le ee, oh eitila ay
See CGS, f PL ts
ioc By JEEP
= SEAL a6 = Sooren P Ausdergni, Seniay View Preaident. of Washiagios International lworance Company g ey "Eek
9973 fos oS & Senior Vico President of Noeth Amerlean Spectitty Insurance Company & BF ofS ©
ede sags Bret :
BA tigen ee / aS.
UiebEaeS p fpof- ie
Gin HON + BSS ft ae
eed By “a
MCE Tia, Star Vite President af Wasiugion lntermmuuanal lasarance Kusengay
a& Senior Sice i af North. A ican Speeistts oe 2

IN WITNESS WHEREOP, North American Specialty Insurance Company and Washington International Insurance Coripany have caused their
official seals io be hereuntoaffixed, and these presents to be signed by thelr eutharized officers this 12th — day of October 2017 .

North American Speclaliy lisurance Company
Washington International lasurance Company

State of Ulinois
County of Cook SE

Cnthis 12th day ol October , 2017 , bélore me, a Notary Public personally appeared © Steven Po Anderson , Senior Vice President of
Washington International Insurance Company and Senior Vice President of North American Specialty Insurance Company and Michael A, Ito.
Senior Vice President of Washington International Insurance Company aad Senior Viee President of North American Specialty Insurance
Company, personally known tome, whe being by me duly sworn, acknowledged that they signed the above Power of Attorney as officers of and
ackaowledged sald justrument to be the voluntary act and deed of their-respective companies,

pence eatin el Ale nM cM na atl 4
OPERASL SEAL 4
WL KENSY j LAN. \ LOAM A
Notary Pubic. State ef Mingks "

Meena , M. Kenny, Notary Public S
I, Jeffrey Goldbere . fhe duly elected Assistant Secretary _ of North American Specialty Insurance Company and Weshinaton

international Insurance Company, do hereby certify that the above and foregoing is a true and correct copy of a Power of Attomey given by said North
American Specidity Insurance Cornpany and Washington International Insurance Company, which 14 still in full force and effect,

IN WITNESS WHEREDOE, | have set.my hand and afficed the seals of the Companies this Oth day of uly 2018.

V2

stley Geldbere, Vied President Avsintnt Seomary of
Jgshieaton © Sonal Fs Company & Nenk american és p

Page Image
Finance Committee - Agenda - 8/1/2018 - P65

Finance Committee - Agenda - 8/1/2018 - P66

By dnadmin on Mon, 11/07/2022 - 11:31
Document Date
Wed, 08/01/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 08/01/2018 - 00:00
Page Number
66
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__080120…

CONSTRUCTION CONTRACTOR’S
QUALIFICATION STATEMENT

On Schedule A, attached, list major engineered construction projects completed by this
organization in the past five (5) years. (If joint venture, list each participant’s projects separately).
See attached References .
On Schedule B, attached, list current projects under construction by this organization, (If joint
venture, list each participant’s projects separately).
See attached References.
Name of Surety Company and name, address, and phone number of agent.

North American Specialty Insurance Company

160 Gould Street, Sulte 118, Needham, MA 02494
Richard Leveron! 860-268-2179

Is your organization a member of a controlled group of corporations as defined. in I.R.C. Sec.
1563?

X]Yes []No

If yes, show names and addresses of affiliated companies.
Newport Materials LLC, 145 Temple Street, Nashua, NH 03060

Furnish on Schedule C, attached, details of the construction experience of the principal
individuals of your organization directly involved in construction operations.
See attached Personnel List.

Has your organization ever failed to complete any construction contract awarded to it?

C]Yes KIJNo
If yes, describe circumstances and provide details on attachment.

Has any Corporate officer, partner, joint venture participant or proprietor ever failed to complete
a construction contract awarded to him or her in their own name or when acting as a principal of
another organization?

ClYes [KINo
If yes, describe circumstances and provide details on attachment.

In the last five years, has your organization ever failed to substantially complete a project in a
timely manner?

[lYes [XINo
ClYes [No

If yes, describe circumstances and provide details on attachment.

CQ-1of7

Page Image
Finance Committee - Agenda - 8/1/2018 - P66

Finance Committee - Agenda - 8/1/2018 - P67

By dnadmin on Mon, 11/07/2022 - 11:31
Document Date
Wed, 08/01/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 08/01/2018 - 00:00
Page Number
67
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__080120…

12.

14.

15,

Does your organization now have any legal suits or arbitration claims pending or outstanding
against it or any officers?

LlYes K]No

If yes, describe circumstances and provide details on attachment.
Has your organization had a contract partially or completely terminated for default (cause) within
the past five years?

[ly¥es FJNo

if yes, describe circumstances and provide details on attachment.

List the licensed categories of work that your company normally performs with its own
workforce. Heavy Highway Road and Bridge Contractor

If required, can your organization provide a bid bond for this project?
lYes [JNo

What is your approximate total bonding capacity?

[-]8500,000 to $2,000,000

[152,000,000 to $5,000,000

(J$5,000,000 to $10,000,000

X]$10,009,000 or more

Describe the permanent safety program you maintain within your organization. Use attachment if
necessary.
Newport has a Health and Safety Plan that has been implemented company wide.

Newport holds annual Safety Seminars.

Newport has an outside safety company that performs site safety inspections.

Newport has a Safety Officer that performs weekly inspections.

Fumish the following information with respect to an accredited banking institution familiar with
your organization.

Name of Bank Merrimack County Savings Bank

Address 101 Broad Streat
Nashua, NH 03060

Account Manager Nicole Ostergard

Telephone 603-879-8525

CQ -20f7

Page Image
Finance Committee - Agenda - 8/1/2018 - P67

Finance Committee - Agenda - 8/1/2018 - P68

By dnadmin on Mon, 11/07/2022 - 11:31
Document Date
Wed, 08/01/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 08/01/2018 - 00:00
Page Number
68
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__080120…

I hereby certify that the information submitted herewith, including any attachment is true to the best of
my knowledge and belief.

Newport Construction Corp,

» EAs

|

Title: Richard A. DeFelice, President

Dated: 07/98

CQ -3 of 7

Page Image
Finance Committee - Agenda - 8/1/2018 - P68

Finance Committee - Agenda - 8/17/2022 - P121

By dnadmin on Sun, 11/06/2022 - 21:45
Document Date
Fri, 08/12/2022 - 13:02
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 08/17/2022 - 00:00
Page Number
121
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__081720…

The estimated net actuarial loss for our DB Plan that will be amortized in 2021 from the
regulatory assets into net periodic benefit costs is $625,000. The estimated net actuarial gain
and prior service cost for our OPEB Plans that will be amortized in 2021 from the regulatory
assets into net periodic benefit costs is $60,200.

In establishing its investment policy, the Company has considered the fact that the DB Plan is
a major retirement vehicle for its employees and the basic goal underlying the establishment
of the policy is to provide that the assets of the DB Plan are invested in accordance with the
asset allocation range targets to achieve our expected return on DB Plan assets. The
Company’s investment strategy applies to its OPEB Plans as well as the DB Plan. The expected
long-term rate of return on DB Plan and OPEB Plan assets is based on the Plans’ expected
asset allocation, expected returns on various classes of Plan assets, as well as historical
returns.

The assets of our Post-65 Plan are held in two separate Voluntary Employee Beneficiary
Association (“VEBA”) trusts. The VEBA plan assets are maintained in directed trust accounts
at a commercial bank.

The investment strategy for the Company's DB Plan and OPES Plans utilizes several different
asset classes with varying risk/return characteristics. The following table indicates the asset
allocation percentages of the fair value of the DB Plan and OPEB Plans’ assets for each major
type of plan asset as of December 31, 2020, as well as the targeted allocation range:

OB Plan OPEB Plans
Asset Asset
Allocation Allocation
Range Range
Equities 61% 30% - 100% 69% 30% - 100%
Fixed income 39% 20% - 70% 24% 0% - 50%
Cash and cash equivalents 0% 0% - 15% 7% 0% - 15%
Total 100% 100%

113

Page Image
Finance Committee - Agenda - 8/17/2022 - P121

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