Renovation of a mixed-use development in Indianapolis, Indiana. Completed plans call for the renovation of a 130,000-square-foot, 4,500-seat stadium.

Indiana University fosters the inclusion of businesses owned and controlled by minorities, women and other small, disadvantaged businesses in their contracting and procurement processes. The University's expectation is that all prime bids submitted will include a minimum of 20% anticipated diversity spend to Indiana-certified MBE/WBE/VBE suppliers. Bids received which do not meet this 20% minimum diversity spend will be rejected. Owner retains the discretion to hold payment, and/or to reject future bids submitted by the successful Contractor in the event that Contractor misrepresents either MBE/WBE/VBE participation in this Project, or its efforts to obtain MBE/WBE/VBE participation in this project or fails to report MBE/WBE/VBE spend on this project. Each bid must be accompanied by: o a completed Minority, Women's and Veteran's Business Enterprise Participation Plan, detailing the good faith efforts of the contractor to include minority, women and veteran owned enterprises as subcontractors or material suppliers on the Project; o a bid security for 5% of the total bid; and o the contractor's written drug testing program, which must be in full compliance with IC 4 13-18. The Owner reserves the right to accept or reject any bid and to waive any irregularities in bidding. The Owner will consider a bid to be incomplete if it does not provide the required documentation as described in this Notice, including but not limited to the Minority, Women's and Veteran's Business Enterprise Participation Plan. The Base Bid may be held for a period not to exceed sixty days before awarding Contracts. All Alternate Bids may be held for a period not to exceed ninety days before award and incorporation into the contract by proper Change Directive. Should a successful Bidder withdraw his bid or fail to execute a satisfactory Contract within 10 days after notice of acceptance of bid, the Owner may declare the Bid Security forfeited as liquidated damages, not as penalty.