Demolition, site work and renovation of a mixed-use development in London, Kentucky. Completed plans call for the demolition of a residential development; for the renovation of a residential development; for site work for a residential development; and sidewalk / parking lot.

Work shall consist of the removal and the proper disposal of buildings, fences, septic tanks, driveways, paved areas, conduits, and other miscellaneous structures and encumbrances, which exist upon or within the right of way and/or easements areas on the designated parcels. All work shall be in accordance with these specifications and any special provisions that may be included as a part of the contract. Question Deadline 10/14/2024 at 3:00 PM ET ITEM NO. 11-147.00 A performance bond shall be required as specified in this section. For amount paid to vendor a Performance Bond or Irrevocable Letter of Credit shall be required in the amount of the contract or $10,000.00, whichever is greater. For amount paid to State a performance bond shall be required in the amount of $10,000.00. The Performance Bond or Irrevocable Letter of Credit shall be provided as security for the faithful performance of the contract. Irrevocable Letters of Credit shall ONLY be accepted up to a maximum of $20,000.00. All projects exceeding that amount shall require a Performance Bond. After _10__consecutive calendar days from receipt of the work order from the District Property Management Agent, penalties in the amount of $500.00per day will be assessed for a 7-calendar day period on each parcel not cleared. At the end of the above period (which totals 17 calendar days), the Cabinet may exercise its right to cancel the contract in its entirety without further notice. The bond or irrevocable letter of credit may be cashed upon cancellation of the contract. The Commonwealth reserves the right to reject the bid response for any violation of this provision. This provision does not preclude bidders who presently hold contracts with the Commonwealth from communicating with state agencies regarding existing contracts