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O <br /> Breakdown of Funding <br /> Design Services Construction CEI Services <br /> FM# 228627 = 1 =32 =02 FM # 228627 = 1 -52 -01 FM # 228627 = 1 -62 -01 <br /> $2502000 . 00 $ 309928 , 126 . 00 $ 3 , 4911475 . 00 <br /> Total estimated Project Cost = $ 34 , 669 , 601 . 00 <br /> (A ) If the accepted bid amount plus allowances is in excess of the advance deposit <br /> amount , the PARTICIPANT will provide an additional deposit within fourteen ( 14 ) <br /> calendar days of notification from the DEPARTMENT or prior to posting of the <br /> accepted bid , whichever is earlier, so that the total deposit is equal to the bid <br /> amount plus allowances . The DEPARTMENT will notify the PARTICIPANT as soon <br /> as it becomes apparent the accepted bid amount plus allowances are in excess of <br /> the advance deposit amount ; however, failure of the DEPARTMENT to so notify the <br /> PARTICIPANT shall not relieve the PARTICIPANT from its obligation to pay for its <br /> full participation . If the PARTICIPANT cannot provide the additional deposit within <br /> fourteen ( 14 ) days , a letter must be submitted to and approved by the <br /> DEPARTMENT' S project manager indicating when the deposit will be made . The <br /> PARTICIPANT understands the request and approval of the additional time could <br /> delay the PROJECT , and additional costs may be incurred due to delay of the <br /> PROJECT , <br /> ( B ) The DEPARTMENT intends to have it final and complete accounting of all costs <br /> incurred in connection with the work performed hereunder within three hundred sixty <br /> ( 360 ) days of final payments is made to the Contractor. The DEPARTMENT <br /> considers the PROJECT complete when the final payment is made to the Contractor, <br /> not when the construction work is complete . All PROJECT cost records and accounts <br /> shall be subject to audit by a representative of the PARTICIPANT fora period of five (5 ) <br /> years after final close out of the PROJECT . The PARTICIPANT will be notified of the <br /> final cost . Both parties agree that in the event the final accounting of total PROJECT <br /> costs pursuant to the terms of this Agreement is less than the total deposits to date , a <br /> refund of the excess will be made by the DEPARTMENT to the PARTICPANT . If the <br /> final accounting is not performed within three hundred and sixty (360 ) days , the <br /> PARTICIPANT is not relieved from its obligation to pay. <br /> ( C ) In the event the final accounting of total PROJECT costs is greater than the total <br /> deposits to date , the PARTICIPANT will pay the additional amount within forty (40 ) <br /> calendar days from the date of the invoice from the DEPARTMENT . The <br /> PARTICIPANT agrees to pay interest at a rate as established pursuant to Section <br /> 55. 03, F. S. , on any invoice not paid within forty (40 ) calendar days until the invoice <br /> is paid . <br /> 3 of 7 <br />