Renovation of an educational facility in Kinston, North Carolina. Completed plans call for the renovation of a educational facility.

The full plan deposit will be returned to those bidders provided all documents are returned in good, usable condition within ten (10) days after the bid date. PDF sets only will be made available to all prime bidders at no cost provided they register with the Office of the Architect. All contractors are hereby notified that they must have proper license as required under the state laws governing their respective trades. Each proposal shall be accompanied by a cash deposit or a certified check drawn on some bank or trust company, insured by the Federal Deposit Insurance Corporation, of an amount equal to not less than five percent (5%) of the proposal, or in lieu thereof a bidder may offer a bid bond of five percent (5%) of the bid executed by a surety company licensed under the laws of North Carolina to execute the contract in accordance with the bid bond. Said deposit shall be retained by the owner as liquidated damages in event of failure of the successful bidder to execute the contract within ten days after the award or to give satisfactory surety as required by law. A performance bond and a payment bond will be required for one hundred percent (100%) of the contract price. Payment will be made based on ninety-five percent (95%) of monthly estimates and final payment made upon completion and acceptance of work. No bid may be withdrawn after the scheduled closing time for the receipt of bids for a period of 60 days. The owner reserves the right to reject any or all bids and to waive informalities. The Contractor shall be issued a Notice to Proceed under this agreement on a date to be specified in a written order from the Designer and shall fully complete all work hereunder within 180 consecutive calendar for Base Bid days from said date. Additional days and conditions for days related to the acceptance of Alternate Bid items or Unit Prices are described in the Contract Documents. For each day in excess of the above number of days, the Contractor(s) shall pay to the Owner the sum of FIVE HUNDRED DOLLARS ($500.00) as liquidated damages reasonably estimated in advance to cover the losses to be incurred by the Owner by reason of failure of said Contractor(s) to complete the work within the time specified, such time being in the essence of this contract and material consideration thereof. The goals for participation by minority firms as subcontractors on this project have been set at 10%