Renovation of an educational facility in Newport, Tennessee. Completed plans call for the renovation of a 14,500-square-foot, two-story above grade educational facility.

**As of July 01, 2022, project was awarded to Holm Court LCC, awarded amount is $1,200,164.49** No Bidder will be permitted to withdraw his bid for a period of sixty (60) days following the date of bid opening.The Owner reserves the right to reject any or all bids and to waive any informalities in bidding. Each bid must be accompanied by a Certified Check or a Bidders Bond executed by the bidder and a surety company authorized to transact business in the state of the project's location in the amount of Five Percent (5%) of the Bid, including all additive alternates, as a guarantee that, if the bid is accepted, the required contract will be executed and the required performance and payment bonds furnished. Said bid security shall be returned to the unsuccessful bidders as soon as the contract has been awarded, and to the successful bidder as soon as the contract has been executed and the necessary bonds have been furnished. The successful bidder will be required to execute a Performance Bond and a Payment Bond, each in an amount equal to 100% of the Contract Sum. Such bond shall be from a surety company authorized to transact business in the project's location and that company shall be registered in Federal Register, Part II, Department of Treasury, Fiscal Services, Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies; Notice. Attorney-in-Fact who sign any bonds must file with each instrument a certified and effective dated copy of their power of attorney The Prevailing Wage Rates for work of this Contract shall be in accordance with General Decision Number TN20210035 dated 01/22/2021 for Cocke County, Tennessee. Contract shall be awarded to Lowest Responsible Bidder complying with conditions of the Bidding Requirements, provided Proposal is reasonable and to the interest of the Owner to accept Proposal. Owner reserves the right to accept or to reject any or all bids, or parts thereof submitted, including alternates as specified in Section 01 21 13, if any, and to waive any informalities in bidding and to award the Contract in the Owner's best interests. All bidders must be licensed contractors as required by the Contractors Licensing Act of 1976, Tennessee Code Annotated 62-6 et. seq., enacted by the General Assembly of the State of Tennessee on March 21, 1976, as currently amended. Bidder's and their major Subcontractor's (Plumbing, Mechanical, Electrical) name, license number, date of expiration of license, license limitation, and that part of the license classification applying to the bid must be placed on the envelope containing the bid, otherwise the bid cannot be opened or considered. The bid envelope shall also include Project name, and date and time of the bid opening. No Bidder will be permitted to withdraw his bid for a period of sixty (60) days following the date of bid opening. The Owner reserves the right to reject any or all bids and to waive any informalities in bidding. Upon award of the construction contract to the Successful Bidder, construction shall commence on a date to be specified in a "Notice to Proceed" to the Contractor, and shall be completed on or before the completion date specified in the Contract Documents as time is of the essence in the performance of the contract for construction. The Contractor will be subject to liquidated damages for failure to complete the project within the contract time, as further stated in the Project Manual. Upon receipt of the Notice to Proceed, the Contractor will be expected to proceed with the work regularly, diligently and uninterruptedly at such rate of progress as will insure full completion thereof within the time specified.