Renovation of an educational facility in Salem, Oregon. Completed plans call for the renovation of a educational facility.

Bidders shall attach a copy of a bid bond in the amount of ten percent (10%) of the Base Bid. Failure to submit such security shall result in the Bid being considered non-responsive. The undersigned further agrees to execute the formal Contract within ten (10) days from date of Notice of Acceptance of this bid, and in case the undersigned fails or neglects to appear within the specified time to execute the Contract, and the undersigned is considered having abandoned the Contract by the Owner, the Bid Bond accompanying this bid will be forfeited to the Owner by reason of such failure on the part of the undersigned. The undersigned further agrees that the bid security may be retained by the Owner and that said proposal guaranty shall remain with the Owner until the Contract has been signed and Performance Bond in a form acceptable to the Owner has been made and delivered to the Owner. By submitting an offer, the successful bidder agrees to complete the work within the time stipulated in the Owner Contractor Agreement, the Supplemental Conditions, Milestones, and Dates set forth therein and included with this bid. Notice to Proceed: Notice will be issued for work to begin on or about , JUNE 24, 2024 or as otherwise negotiated with District. Substantial Completion: AUGUST 16, 2024. Final Completion: SEPTEMBER 2, 2024. The undersigned agrees to complete all Work under this Contract within the dates specified in the milestone or specific date schedule, as set forth in the Owner Contractor Agreement and the Supplementary Conditions Section, if included. Liquidated Damages Liquidated Damages: Owner and Contractor recognize that time is of the essence for this Agreement and that Owner will suffer financial loss if the Work is not completed within the times specified in the schedule, plus any extensions allowed by Owner. Owner and Contractor also recognize the delays, expense, and difficulties involved in proving the actual loss suffered by Owner if the Work is not completed on time. Accordingly, instead of requiring any such proof, Owner and Contractor agree that as liquidated damages for delay (but not as penalty) Contractor shall pay Owner ONE THOUSAND DOLLARS ($1000.00) for each day that expires after the time specified in the schedule, until the Work is complete.