The contract is for the Summit Street Sidewalk Project at Eastern Kentucky University's Richmond Campus. The project involves site renovation of the sidewalk, including furnishing all labor, materials, equipment, and services necessary for the complete renovation. The contract was awarded to Allen Company, Inc. and Stewart Contracting Corp, with bids of $435,699.48 and $544,860.00, respectively. Key aspects of the contract include:
• The project is subject to the Davis-Bacon Act
• A bid bond of 5% is required, and full payment and performance bonds will be required for the awarded contractor
• The contract is for a lump sum, and the work will begin immediately following an official Award of Contract and Purchase Order from Eastern Kentucky University
• The contract includes provisions for surety bonds, insurance, and workers' compensation
• The university reserves the right to award in part or in whole and to award multiple suppliers/contracts if in the best interest of the university