Renovation of a municipal facility in Princeton, Kentucky. Completed plans call for the renovation of a municipal facility.

This project will consist of replacement of the existing cooling tower at the Caldwell County Courthouse. Generally, the replacement consists of work related to mechanical, test and balancing, temperature controls, and electrical. The 10% Performance Bond and the Labor and Material Payment Bond shall be submitted by the successful bidder simultaneously with his delivery of the executed contract. The Performance Bond shall be in an amount equal to 10% of the full amount of the Contract Sum as security for the faithful performance of the obligation of the Contract Documents, and the Labor and Material Payment Bond shall be in an amount equal to 10% of the full amount Contract Sum as security for payment of all persons performing labor and furnishing materials in connection with the Contract Documents. Such bonds shall be furnished on standard AIA Documents, issued by the American Institute of Architects, shall be issued by a surety satisfactory to the Owner, and shall name the Owner as a primary co-oblige. The costs of the bonds are to be included in the Bid Proposal. The Performance Bond and Labor and Material Payment Bond will become a part of the Contract. Each Bidder shall list the name of the surety company on its Bid Proposal. The failure of a Bidder to list the name of its surety company of its Bid Proposal shall be a non-responsive bid. The failure of the successful Bidder to enter into a Contract and supply the required Bonds within 10 days after the Notice of Award or within such extended period as the Owner may grant if the forms do not meet its approval shall constitute a default, and the Owner may either award the Contract to the next responsible, responsive Bidder or re-advertise for bids. A charge against the defaulting Bidder may be made for the difference between the amount of the bid and the amount for which a contract for the work is subsequently executed, irrespective of whether the amount thus due exceeds the amount of the bid guarantee. Work shall be substantially complete and project ready for Beneficial Occupancy within 180 calendar days of notice to proceed. After Substantial Completion, Final Completion shall be completed within 30 calendar days.