The Work consists of replacing the existing low slope roofs at Roof Areas A with a new insulated, reflective, roof system as specified. Replace all existing sheet metal and provide MEP modifications as noted in the Drawings. The work also includes installing a new exterior guardrail system to the roof edge and recertifying the lightning protection system. All Bids shall be accompanied by an acceptable Bid guaranty in an amount of not less than five percent (5%) of the total Bid, as specified in Section 00100, Instructions to Bidders. Performance and payment bonds when required shall be executed on forms furnished by OWNER. Each bond shall be issued in an amount of one hundred percent (100%) of the Contract Amount by a solvent corporate surety company authorized to do business in the State of Texas, and shall meet any other requirements established by law or by OWNER pursuant to applicable law. Contract Time is of the essence and all Work shall be substantially completed within onehundred fifty five (155) Calendar Days after date specified in the Notice to Proceed, in accordance with the Bid Form, Section 00300. Final completion shall be achieved within thirty (30) Calendar Days after substantial completion. Liquidated damages are three-hundred ($300) per Working Day for failure to substantially complete the work and one-hundred and ten ($110) per Working Day for failure to achieve final completion within thirty (30) Working Days after substantial completion, in accordance with the Bid Form, Section 00300. African American 1.52% Hispanic American 2.36% Native/Asian American 0.58% WBE 1.34% ' OWNER reserves the right to reject any or all Bids and to waive any minor informality in any Bid or solicitation procedure (a minor informality is one that does not affect the competitiveness of the Bid).