Renovation of a mixed-use development in Elwood, Illinois. Completed plans call for the renovation of an educational facility.

A. Work covered by Contract Documents: As defined by the contract documents. B. Definitions. The following terms are used throughout the Contract Documents. The work will be governed in accord with the definitions. 1. Fabricated: Fabricated pertains to items specifically assembled or made of selected materials or components to meet individual design requirements. 2. Manufactured: Manufactured means standard units, usually mass produced by an established manufacturer of the respective item. 3. Provide: Provide means furnish and install. 4. Shop fabricated or shop made: Shop fabricated, or shop made refers to items made by a Contractor or Subcontractor in their own Shop. C. Insurance 1. Designated Purchaser: a. Owner shall purchase and maintain Builder's Risk Insurance in accord with the General Conditions. b. The Owner's insurance will be subject to a deductible of $ 5,000 per occurrence. D. Contracts 1. The Owner will award a single construction contract for all work specified in the Contract Documents. 2. Upon award of the construction contract, the owner will issue a Letter of Intent to award a Construction Contract to the approved contractor. This Letter of Intent shall serve as a notice to proceed with the project according to the terms and conditions set forth in the Contract Documents, until the work under Contract Documents is completed. . The contractor shall commence all construction services as specified in the contract documents upon receipt of the Letter of Intent. Approximate range of construction cost will be $500,000 to $600,000. *The value for this project is based on a financial range. The value is listed as the highest possible cost from the range provided by a stakeholder or official project document.