This section covers the work necessary for the heating, ventilating, and air conditioning system, complete. Furnish and install all materials and equipment and provide all labor required and necessary to complete the work shown on the drawings and/or specified in all Sections of Division 26 and all other work and miscellaneous items, not specifically mentioned, but reasonably inferred for a complete installation, including all accessories required for testing the system. It is the intent of the drawings and specifications that all systems be complete and ready for operation Bid security in the amount of five percent (5%) of the bid must accompany each bid, in accordance with the Instructions to Bidders, made payable to the Vallivue School District. Performance Bond and Labor and Materials Payment Bond in an amount equal to one hundred percent (100%) of the contract amount will be required within five (5) days after receipt of properly prepared Agreement between Owner and Contractor. This Public Works project is not financed in whole or in part by federal-aid funds. Bid proposals will be accepted from those contractors only (prime contractors, subcontractors, and/or specialty contractors) who, prior to the bid opening, hold current licenses as public works contractors in the State of Idaho. To enter into and execute a Contract containing Liquidated Damages Clause for five hundred and 00/100 Dollars ($500) for each calendar day delay beyond the Date of Substantial completion, if awarded on the basis of this bid. Construction shall commence on Friday, May 24th, 2024 for the duration of 76 consecutive calendar days. "The Contractor shall achieve Substantial Completion of the entire work not later than Wednesday, August 7th, 2024. Liquidated damages will be included as provided in the Supplementary Conditions. The Owner reserves the right to waive irregularities and to reject any or all bids. No bidder may withdraw his bid after the hour set for opening thereof, or before award of Contract, unless award is delayed for a period exceeding thirty (30) days