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7 . Deliver and store all equipment and materials to the job site . <br /> 8 . Notify all utilities and other affected parties prior to initiating construction . <br /> (b) From 16 calendar days to 45 calendar days from the effective date of Notice to <br /> Proceed , the CONTRACTOR shall complete the following tasks : <br /> 1 . Install all pipe and appurtenant items . <br /> 2 . Perform all testing . <br /> 3 . Restore all disturbed areas to their pre-construction condition . <br /> 4 . Correct all deficiencies noted by Engineer. <br /> Completion of all tasks outlined above (i . e. , Subparagraphs a ) and b) constitutes <br /> Substantial Completion . <br /> (b) From 46 calendar days to 60 calendar days from the effective date of Notice to <br /> Proceed , the CONTRACTOR shall complete the following tasks : <br /> 1 . Clean up project area . <br /> 2 . Remove all equipment and material from project site . <br /> 3 . Perform contract closeout procedures . <br /> Completion of all tasks outlined above (i . e. , Subparagraphs a , b, and c) constitute Final <br /> Completion . <br /> 3.2 Liquidated Damages. OWNER and CONTRACTOR recognize that time is of the <br /> essence of this Agreement and that OWNER will suffer financial loss if the work is not <br /> completed within the times specified in Paragraph 3. 1 above, plus any extensions thereof <br /> allowed in accordance with Article 12 of the General Conditions. They also recognize the <br /> delays, expense and difficulties involved in proving in a legal proceeding the actual loss <br /> suffered by OWNER if the work is not completed on time. Accordingly, instead of requiring <br /> any such proof, OWNER and CONTRACTOR agree that as liquidated damages for delay <br /> (but not as a penalty) CONTRACTOR shall pay OWNER four-hundred and fifty dollars <br /> ($450 .00) for each day that expires after the time specified in Paragraph 3. 1 for 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 four-hundred and fifty dollars ($450. 00) for each day <br /> that expires after the time specified in Paragraph 3. 1 for completion and readiness for final <br /> payment. <br /> ARTICLE 4 CONTRACT PRICE <br /> 4. 1 OWNER shall pay CONTRACTOR for completion of the work in accordance with the <br /> Contract Documents in current funds in the amount of $ 51 , 21 7 . 00 <br /> ARTICLE 5 PAYMENT PROCEDURES <br /> CONTRACTOR shall submit Applications for Payment in accordance with Article 14 of the General <br /> Conditions. Applications for Payment will be processed by ENGINEER as provided in the General <br /> Conditions and the Contract Documents. <br /> 5 . 1 Progress Payments. The OWNER shall make progress payments to the CONTRACTOR on <br /> the basis of the approved partial payment request as recommended by ENGINEER in <br /> 00530-2 <br /> H\Projects\0741\Bidding Contract Specifcations\.Spec Template\2007\00530Wgreement between Owner Contractor Rev. <br /> 012507.doc <br />