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State Highway and Transportation Department and the. work supervised <br /> fi <br /> by the Arkansas State Highway and Transportation Department. <br /> 3. The plans and specifications for the construction of the System <br /> have been approved by the Arkansas State Highway and Transportation <br /> 9 A <br /> Department and are on file in its office in Little Rackand in the office <br /> of. the Mayor of the City of Batesville and have been approved and accepted <br /> by the City of Batesville . <br /> 4. The City of Batesville has elected to perform the proposed work <br /> with its own forces , equipment , and materials which work is described <br /> as follows : <br /> Improvement of street intersection radii . <br /> S . In furtherance of this project , the City of Batesville , as Sponsor <br /> of this project , has made a Performance Bond, executed by a Bonding <br /> Company authorized to do business in this State , in the penal sum of <br /> $63 ,500. 00 which is 100 percent the estimated cost of said work and the <br /> materials . <br /> 6 . The City of Batesville , as Contractor , agrees to perform this <br /> work at the unit prices shown on the attached proposal schedule. <br /> As the work undertaken by the City of Batesville hereunder g. <br /> progresses , the Arkansas State Highway and Transportation Department <br /> in its supervision thereof will from time to time issue partial <br /> estimates , based on work performed at the Negotiated Unit Prices until <br /> the work is completed and will credit to or pay to the City of <br /> Batesville in accordance with paragraph No . 2 hereof , from Federal <br /> funds received for account of this project , Ninety percent of such <br /> estimates , subject to the limitations and withholdings contained in <br /> Section 109 of the Standard Specifications for Highway Construction , <br />