Farthings Parking Lot Replacement Project. Performance and Payment bonds shall be in the full amount of the contract price. The College will provide the contractor with copies of the Performance and Payment Bonds forms which must be executed and returned to the College within ten (10) days from date of award of contract. Bid, Performance and Payment bonds are required when the amount of the bid, including base bid and any alternates, is in excess of $100,000. Bid and Performance & Payment Bond Forms are provided as added Attachment No. 5 to this RFP. Bid bonds shall be in an amount equal to twenty percent (20%) of the total bid amount including base bid and any alternates and must be included with the bid package. SMCM is providing project management services to HSMCC for the design and construction of the Maryland Heritage Interpretive Center (MHIC) and the renovation of the Old Statehouse Road parking lot. The MHIC will be the principal point of welcome, orientation and entry into the St. Mary's City National Historic Landmark District, which includes Historic St. Mary's City National Historic Landmark District, which includes Historic St. Mary's City, SMCM and portions of the St. Mary's River watershed. The proposed facility will provide a year-round exhibit center that welcomes visitors and provides them with orientation to Historic St. Mary's City (HSMC). The existing parking lot adjacent to Old Statehouse road is to be renovated to address deferred maintenance issues and to become the principal parking area for visitors to MHIC. MBE Participation (%) 13.00 African American MBE Participation (%) 3.0 Women-Owned MBE Participation (%) 10.0. The parties further acknowledge and agree that the damages the State might reasonably be anticipated to accrue as a result of such lack of compliance are difficult or impossible to ascertain with precision and that liquidated damages represent a fair, reasonable, and appropriate estimation of damages. Any material that is defective or fails to meet the terms of the solicitation specifications shall be rejected. Rejected materials shall be promptly replaced. The College reserves the right to purchase replacement materials in the open market. Contractors failing to promptly replace materials lawfully rejected shall be liable for any excess price paid for the replacement, plus applicable expenses, if any. Project Cost Class D - $1,000,000 to $2,500,000 *The value for this project is based on a financial range. The value is listed as the highest possible cost from the range provided by a stakeholder or official project document. Project Cost Class D - $1,000,000 to $2,500,000. RFI Questions Due Date: January 15, 2024 Contractor shall renovate and expand the Old Statehouse Road parking lot for it to become the Farthings Parking Lot in accordance with this solicitation and the attached Design Drawings (Attachment No. 1), Project Manual. (Attachment No. 2), and Paver Materials Specifications (Attachment No. 3). For the Paver Materials Specifications bidder may propose an alternate that meets or exceeds the specifications provided in Attachment No. 3. The renovation and construction shall include, but not be limited to: o Establishment and maintenance of SEC measures; o Demolition of existing paving materials; o Site preparation and grading; o Utility installation and connections; o Grading and other site work; o Installation of curbs, ramps, handrails and paving materials; o Landscaping; o Lighting changes and upgrade; o Striping and Signage