The contract is for the preparation and installation of fencing and a gate system 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 Rio Grande Fence Company and 1st Call Construction, with bid prices of $142,013.50 and $158,400.00, respectively. The contract has a completion schedule of 120 days from the start date, with liquidated damages of $200 per day until substantial completion and $100 per day until final completion.
• The contract requires a bid bond of 5% and full payment and performance bonds.
• The contract has a substantial completion date of 90 days from the start date and a final completion date of 120 days from the start date.
• The contract includes a mandatory pre-bid meeting and a bid submission deadline.
• The contract requires the contractor to provide surety bonds and to extend pricing to other state universities and university affiliate organizations within the Commonwealth of Kentucky.