The contract is for site preparation work for the new Model Lab School at Eastern Kentucky University. The work includes furnishing all labor, materials, equipment, and services necessary to complete the project. The contract has a substantial completion date of 95 calendar days after the start date and issuance of the Written Purchase Order, and a final completion date of 125 calendar days after the start date and issuance of the Written Purchase Order. The contract also includes liquidated damages of $200 per day until substantial completion and $100 per day until final completion. Some key points about the contract include:
• The contract is valued at approximately $6,950,000.00, according to the engineer's estimate.
• The contract requires the vendor to provide bid bonds and performance bonds.
• The contract has a mandatory pre-bid meeting and a bid submission deadline.
• The contract includes a list of prerequisites that the vendor must review and sign before submitting a bid.