Demolition, site work and new construction of a residential development in Natchitoches, Louisiana. Completed plans call for the demolition of a residential development; for the construction of a residential development; and for site work for a residential development.

Reconstruction of Existing Building Bids must be accompanied by a bid security equal to five percent (5%) of the Total Bid (including any Alternates). Bid Security must be in the form of a cashier's check, certified check or bid bond written by a company with a current A. M. Best Rating of 'A-' (Excellent), Financial Size Category 'Vll' with a 'Stable' Outlook and licensed in the State of Louisiana. The successful bidder will be required to furnish the following bonds written by a company with a current A. M. Best Rating of 'A-' (Excellent), Financial Size Category 'VI!' with a 'Stable' Outlook and licensed in the State of Louisiana: Performance Bond in an amount equal to one hundred percent (100%) of the contract amount; and Payment Bond in an amount equal to fifty percent (50%) of the contract amount; and Maintenance Bond in an amount equal to ten percent (10%) of the contract amount. Liquidated Damages will apply for each consecutive calendar day in which the work is not completed beyond the established completion date. The contract time shall be 90 calendar days. For this project, Liquidated Damages will be the sum of One Hundred and No/100 Dollars ($100 00) per site for each consecutive calendar day the Work is not complete, beginning with the first day beyond the completion time stated above. Said sums shall in no event be construed to be a penalty; but only as damages fixed and agreed upon in advance. In addition, Liquidated Damages will be the sum of One Hundred and No/100 Dollars ($100.00) for each consecutive calendar day after the 45th day after the date of Substantial Completion that any item on the Punch List remains incomplete. The Owner reserves the right to reject any and all bids. Bids which deviate from the Construction Documents will not be considered. Note: Bids Shall Only Be Accepted From Contractors Who Are Licensed Under Louisiana Contractors Licensing Law For The Major Classification Of Building Construction.