The contract is for the renovation of the Keen Johnson Ballroom at Eastern Kentucky University's Richmond Campus. The work includes furnishing all labor, materials, equipment, and services necessary for the complete renovation. The contract was awarded to 1st Call Construction and DB General Contracting, with total bid amounts of $84,418.75 and $109,542.00, respectively. The contract has a completion schedule of no later than August 1, 2023, and a substantial completion date of July 15, 2023. Some key points to consider for similar contracts include:
• The importance of reviewing and completing all attached submittal pages and forms.
• The requirement for a mandatory pre-bid meeting and the submission of questions via the Q&A board.
• The need for a bid bond of 5% and the requirement for full payment and performance bonds.
• The liquidated damages of $200 per day until substantial completion and $100 per day until final completion.
• The requirement for surety bonds and the provision of a list of similar projects and current projects under contract.