My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2008-307
CBCC
>
Official Documents
>
2000's
>
2008
>
2008-307
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/12/2016 11:33:57 AM
Creation date
10/1/2015 12:38:51 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
09/23/2008
Control Number
2008-307
Agenda Item Number
8.O.
Entity Name
Timothy Rose Contracting
Subject
Contract and Specifications Eagle Trace Subdivision Phase II
Area
NE Corner of Kings Hwy and 61st St. Eagle Trace Subdivision
Project Number
0813
Bid Number
2008074
Supplemental fields
SmeadsoftID
7600
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
88
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
4 . 03 Liquidated Damages <br /> A . CONTRACTOR and OWNER recognize that time is of the essence of this Agreement and <br /> that OWNER will suffer financial loss if the Work is not completed within the times specified <br /> in paragraph 4 . 02 above , plus any extensions thereof allowed in accordance with Article <br /> 12 of the General Conditions . Liquidated damages will commence for this portion of work . <br /> The parties also recognize the delays , expense , and difficulties involved in proving in a <br /> legal proceeding the actual loss suffered by OWNER if the Work is not completed on time . <br /> Accordingly, instead of requiring any such proof, OWNER and CONTRACTOR agree that <br /> as liquidated damages for delay ( but not as a penalty) , CONTRACTOR shall pay OWNER <br /> $ 100 . 00 for each calendar day that expires after the time specified in paragraph 4 . 02 for <br /> Substantial Completion until the Work is substantially complete . After Substantial <br /> Completion , if CONTRACTOR shall neglect , refuse , or fail to complete the remaining Work <br /> within the Contract Time or any proper extension thereof granted by OWNER , <br /> CONTRACTOR shall pay OWNER $ 100 . 00 for each calendar day that expires after the <br /> time specified in paragraph 4 . 02 for completion and readiness for final payment until the <br /> Work is completed and ready for final payment . <br /> ARTICLE 5 = CONTRACT PRICE <br /> 5 . 01 OWNER shall pay CONTRACTOR for completion of the Work in accordance with the <br /> Contract Documents , an amount in current funds equal to the sum of the amounts <br /> determined pursuant to paragraph 5 . 01 .A and summarized in paragraph 5 . 01 . 13 , below: <br /> A. For all Work , at the prices stated in CONTRACTOR' s Bid , attached hereto as an exhibit . <br /> B . THE CONTRACT SUM subject to additions and deductions provided in the Contract : : <br /> Numerical Amount : $ 137 111 . 36 <br /> Written Amount : One Hundred Thirty Seven Thousand One Hundred Eleven <br /> Dollars and Thirty Six Cents <br /> ARTICLE 6 = PAYMENT PROCEDURES <br /> 6 . 01 Submittal and Processing of Payments <br /> A . CONTRACTOR shall submit Applications for Payment in accordance with Article 14 of <br /> the General Conditions . Applications for Payment will be processed by ENGINEER as <br /> provided in the General Conditions and the Contract Documents , <br /> 6 . 02 Progress Payments. <br /> A . The OWNER shall make progress payments to the CONTRACTOR on the basis of the <br /> approved partial payment request as recommended by ENGINEER in accordance with <br /> the provisions of the Local Government Prompt Payment Act , Florida Statutes section <br /> 218 . 70 et . seq . The OWNER shall retain ten percent ( 10 % ) of the payment amounts due <br /> to the CONTRACTOR until fifty percent (50 % ) completion of the work . After fifty percent <br /> 00520 - Agreement ( Public Works ) REV 04-07 .doc <br /> 00520 - 3 <br /> F :\Engineering\Special Projects\Eagle Trace Phase 2\Contract Documents\Eagle Trace Subdivision Phase II\00520 - Agreement (Public Works) REV 04-07.doc <br />
The URL can be used to link to this page
Your browser does not support the video tag.