Simon Bright Building Demolition

Scope of work will consist of, but is not limited to, the following items: Provide all labor, materials and equipment required to demolish and remove Ten (10) existing, multi-family, residential buildings, identified on the plans, complete. Provide all labor, materials and equipment required to selectively demolish and remove existing site infrastructure and development identified on the plans. Provide all labor, materials and equipment required to stabilize areas of demolition and provide new construction as identified on the plans. All other work shown on plans, in Project Manual and as required by codes and the local authority having jurisdiction Questions that arise from the Site Visits are to be directed to the Architect at bids@stognerarchitecture.com. Refer to provisions for Equal Employment Opportunity and payment of not less than the minimum salaries and wages indicated in the project manual must be paid on this project. A Performance Bond and a Payment Bond will be required for one hundred percent (100%) of the contract price. Payment will be made on the basis of ninety percent (90%) of monthly estimates and final payment made upon completion and acceptance of work. Each proposal shall be accompanied by a cash deposit or a certified check drawn on some bank or trust company insured by the Federal Deposit Insurance Corporation, of an amount equal to not less than five percent (5%) of the proposal or in lieu thereof a bidder may offer a bid bond of five percent (5%) of the bid executed by a surety company licensed under the laws of North Carolina and per Section 9 of Form 5369 and individual sureties must be listed on US Treasury Circular Number 570 to execute the contract in accordance with the bid bond and per HUD-5369 Sections 9 and 10. Five Percent shall be based on the maximum bid price, ie: Base Bid plus Unit Prices plus Contingency Allowance plus All Add Alternates. Said deposit shall be retained by the Owner as liquidated damages in event of failure of the successful bidder to execute the contract within ten (10) days after the award or to give satisfactory surety as required by law.

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Finishes.