CATOOSA COUNTY further reserves the right, to extend the value of this Contract by up to 20% of the original value of the Contract (Bid Amount), to accomplish unforeseen Work, within the scope of the original Contract. Extended Work will be contracted in accordance with provisions of Section IV of this Contract (Section 104.03.A - AUTHORITY TO MAKE CHANGES). All bids shall be accompanied by a Bid Bond in favor of the Board of Commissioners of CATOOSA COUNTY in the amount of Five percent (5%) of the Bid for the complete work. The bid Bond shall be forfeited to the Board of Commissioners of CATOOSA COUNTY, Georgia as liquidated damages if the Bidder fails to execute the Contract and provide Performance Bond, Payment Bond and Liability Insurance Certificate within fifteen (15) calendar days after being notified that he has been awarded the contract. P & P Bonds will be required of the awarded Bidder. "Payment will be made on a monthly basis for work performed the previous month, less 5% Retainage" Contractors attention is to Section 109 of the contract. All bidders must be Pre-Qualified with the Georgia Department of Transportation (GDOT) and all subcontractors must be registered with GDOT. Responder must have minimum Worker's Comp and General Liability Insurance in full force and effect. No Bid will be considered unless it is accompanied by satisfactory evidence that the Respondent holds any and all necessary or required Federal, State or local licenses and/or permits. Pursuant to O.C.G.A. 3-10-91, all contractors and sub-contractors performing work within the State of Georgia on a contract with a public employer must register and participate in a federal work authorization. Each Respondent shall submit with its Bid a copy of current Business License &/or Occupational Tax Certificate issued in GEORGIA. If Respondent cannot provide this License, it will be required to obtain one from Catoosa County if it is awarded this contact. Qualifications of the Respondent will be reviewed before the Award of the Contract. Q & A, or Addenda to the contract document will be posted on the County website on or before Monday, September 11, 2023, and it is the responsibility of the bidder to acknowledge receipt of same. Bidders are cautioned not to obtain bid documents or plans from any other source, than the one mentioned above, to ensure that bids are complete and include the latest Addenda. Catoosa County reserves the right to accept or reject any and all bids, to waive formalities, technicalities or irregularities and to re-advertise if necessary. The contract between Catoosa County and the selected responder shall be subject to the payment agreement drawn up between Catoosa County and the selected responder. Overall Completion Date of the Project shall be June 30, 2024. Contractor will be assessed Liquidated Damages in the amount of $500.00 per day of overrun for failure to complete the Project on schedule. Additional Liquidated Damages may be assessed in accordance with the Standard Specifications, Supplemental Specifications, and/or Contract Special Provisions.