Section 193. Contracts for the construction of town highways

The town board
  of  any  town  may  provide  that  the  construction of new highways and
  bridges, or the permanent  improvement  or  reconstruction  of  existing
  highways  and  bridges  or  repairing,  rebuilding or replacing walks on
  highways less than two rods in  width  pursuant  to  the  provisions  of
  sections  one  hundred  forty,  one  hundred  fifty-one  and two hundred
  seventy-four of this chapter, the cost of which will exceed, the  amount
  specified  for  public  work  in  subdivision one of section one hundred
  three of the general municipal law shall be done  under  contracts.  All
  such   contracts  shall  be  awarded  by  the  town  superintendent,  in
  accordance  with  estimates,  plans  and  specifications   approved   or
  furnished  by  the  department  of  transportation,  as provided in this
  chapter, to the lowest responsible bidders, after advertisement pursuant
  to section one hundred three of the general municipal law. All bids  for
  such  work shall be opened in public and shall be filed in the office of
  the town clerk.   The person to whom  such  contract  is  awarded  shall
  execute  a  bond to the town, in a sum equal to at least one-half of the
  amount of the contracts, with two or more sureties to be approved by the
  town board, or in lieu thereof, a bond issued by  a  bonding  or  surety
  company  approved by the town board, in a sum equal to at least one-half
  of the  amount  of  the  contracts  and  conditioned  for  the  faithful
  compliance   with   the  terms  of  the  contract,  and  the  plans  and
  specifications and for payment of all damages which may  accrue  to  the
  town,  because  of  a  violation  thereof.  When  such work is completed
  pursuant to the terms of such contract, and the plans and specifications
  therefor, and accepted  by  the  town  board,  as  being  in  accordance
  therewith,  the cost of the work under the contract shall be paid out of
  moneys available therefor, in the same manner as other highway expenses.
  Payments made under such contract shall be upon certificates  issued  to
  the  contractor  by the town superintendent, to the effect that the work
  has been done under and in accordance with the terms of  such  contract,
  and  the plans and specifications. All work done under any such contract
  shall be under the supervision  of  the  town  superintendent,  or  some
  person  designated  by  him.  The  town  superintendent  shall  file all
  contracts awarded under this section with the town clerk within ten days
  after their execution.