The contract is for the upgrade of the elevator in the Keen Johnson Building 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 150 days from the stated start date on the purchase order, and a final completion date of 175 days from the stated start date on the 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 this contract include:
• The contract is a Construction Invitation to Bid (CITB) with a total of two bids from Elevator Solutions, Inc. and DC Elevator Company Inc.
• The contract has a mandatory pre-bid meeting and a bid submission date of 8/28/2025.
• The contract requires bid bonds and performance bonds unless otherwise stated.
• The contract has a payment term of Net 30, and the university's standard payment terms are included in the contract document.