Renovation of a mixed-use development in Little Rock, Arkansas. Completed plans call for the renovation of a office development.

Each bid will include with it a bid bond in the amount of 5% of the total bid offered. It will be in the form of a cashier's check or insurance surety bond (with Power of Attorney attached) made payable to the Owner. The "Performance and Payment Bond" will be in the amount equal to 100% of the contract price as security for the faithful performance of this contract price and for payment of all indebtedness for labor and materials furnished or performed in connection with this contract. The bond will be written by a surety company which is qualified and is authorized to do business in the State of Arkansas, according to A.C.A. 22-9-402(a)(b) and filing with said bond, his power of attorney as his authority. The bond will be written in favor of the Owner and executed per Arkansas state law. An original and two (2) copies of the bond must be furnished, with power of attorney attached to each. The Contractor will file and record the original with the Clerk in the Circuit Court of Pulaski County. The Contractor is to pay all expense incidentals to file the bond. The remaining two copies should be certified by the Clerk to evidence the filing of the original and these two copies submitted to the Little Rock School District Procurement and Materials Management Department. Contractor shall be prepared to begin work on this project upon receipt of Notice to Proceed. All work for this project shall be completed no later than 30 days after receipt of equipment. If the Contractor is unable to meet this deadline liquidated damages will be applied as specified herein. Liquidated damages imposed against the contractor for failure to meet the final agreed upon completion date will be ONE THOUSAND dollars ($1000.00) for each calendar day beyond the final agreed upon completion date. The contractor shall be relieved of delays due to causes beyond his control such as Acts of God, national emergency, strikes, or fire. The contractor must notify the Procurement Department in writing, on a timely basis, of such developments stating reason, justification and extent of dela The District reserves the right to reject any or all bids and waive any irregularities or formalities in any solicitation or bid responses. Price alone may not be the determining factor. Awards will be based upon those considerations, which are in the best interest of the District and will be made to the responsive, responsible offerer whose bid is judged to be the most effective and economical for the purpose intended, according to the requirements and specifications stated in this Invitation for Bids.