**As of 3/28/2022 There was only 1 bid and it was out of budget. I am not sure what the owner will want to do at this time.
Each bid must be accompanied by a certified check of bidders bond executed by the bidder and a surety company licensed to do business in the State of Tennessee, for the sum of five percent (5%) of the amount bid. The successful bidder will be required to execute a Performance Bond in the amount of One Hundred (100%) of the contract price. Bonds must be accompanied by Power of Attorney. No bid may be withdrawn for a period of thirty days (30) after the date set for the opening of bid. All bidders must be licensed contractors as required by Chapter 135 Public Acts of 1945 of the General Assembly of the State of Tennessee, Section 1. Bidders name and license number must be placed on the Bid Envelope Cover containing his bid and bond. The Contractor shall be responsible for verifying and maintaining documentation that all construction forces that are on all construction sites have met the State of Tennessee Background Check. Highlands Residential Services reserves the right to reject any or all bids and waive informalities therein. The Bid Envelope Cover Sheet must be completely filled out. Any bids received with Bid Envelope Cover Sheet omissions will be returned to the bidder unopened. Any Bids received after the scheduled closing time for the receipt of bids will be returned unopened. It is hereby understood and mutually agreed by and between the Contractor and the Owner that the date of beginning and the time for completion of the work to be done hereunder are essential conditions of the contract; and it is further mutually understood and agreed that the work embraced in this contract shall be commenced immediately upon notice to proceed and shall be completed within 60 days. The Contractor agrees that said work shall be executed regularly, diligently, and uninterruptedly at such rate of progress as will ensure full completion thereof within the time specified. If the Contractor shall neglect, fail or refuse to complete the total work within the contract time or any proper extension thereof granted by the Owner, the Contractor shall be liable for all such actual damages sustained by the Owner as the result of each delay, except that when such actual damages may be difficult to ascertain, the Contractor shall pay the Owner the sum of $200.00 per day as liquidated damages of each and every calendar day that the Contractor shall be in default after the time stipulated for completion of the work. In no event shall such payment be construed as a penalty but shall be considered as reimbursement for the Owners additional expense and loss occasioned by unexpected Contractors delay. Delays occasioned by strike occurring on the job during the performance of the work, riots, civil commotions, change orders, and such other justifiable delay as may be approved by the Owner and the Architect pursuant to the provisions of the General Conditions, shall be the only exceptions for which a request for excusable cause shall be made in writing to the Owner no more than 21 days after the delay begins. Otherwise, such claim shall be waived, and the work shall be completed without extension for such delay.
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