|
Portion of Work Substantial Completion Date
<br /> N / A N /A
<br /> subject to adjustments of this Contract Time as provided in the Contract Documents .
<br /> (Insert provisions, if any, ,for liquidated clainages relating tofailitre to achieve Substantial Completion on iinle or frn
<br /> bonus puvments, for early contplelion of the Work.)
<br /> In the event the Contractor, without excuse, fails to achieve Substantial Completion within the Contract Time, the
<br /> Contractor shall pay liquidated damages, and not as a penalty, the sum of Five Hundred Dollars ( $ 500 . 00 ) for each and
<br /> every calendar day following the end ofthe Contract Time until Substantial Completion is achieved ; provided , that
<br /> the Contractor shall not be liable for liquidated damages for a day, or days, of excusable delay occurring during such
<br /> period following the end of the Contract Time. Liquidated damages are hereby fixed and agreed upon between the
<br /> parties , recognizing the impossibility of precisely ascertaining the amount of damages that will be sustained by Owner
<br /> as a consequence of such delay, and both parties desiring to obviate any question or dispute concerning the amount of
<br /> such damages and the cost and effect ofthe failure of Contractor to complete the Contract on time. The Contractor and
<br /> Owner agree that Owner is authorized to deduct all or any portion of the above- stated liquidated damages from the
<br /> monies due to Contractor for the Work under this Contract as the Owner deems just and reasonable .
<br /> ARTICLE 4 CONTRACT SUM
<br /> § 4. 1 "The Owner shall pay the Contractor the Contract Sum in current finds for the Contractor ' s performance of the
<br /> Contract . The Contract Sum shall be One Million Six Hundred Seventeen Thousand Six Hundred Ninety One ( $
<br /> 1 , 617, 691 . 00 ) , subject to additions and deductions as provided in the Contract Documents .
<br /> § 4. 2 The Contract Sun is based upon the following alternates, if any, which are described in the Contract Documents
<br /> and are hereby accepted by the Owner :
<br /> (Stale the rnrrnbers or other identification of accepted ahernaies. if the bidding or proposal documents permit the
<br /> 01vi7cr to accept other alternates subsequeni to the execution ofthis Agreement, attach a schedule gfsuch other
<br /> ahernates showing the amount , for each and the date when that amount expires.)
<br /> Add Alternate 4 : Epoxy paint interior of vehicle maintenance shop; additional cost of $ 8 , 452 . 00
<br /> § 4. 3 Unit prices, if any :
<br /> (I(1entify and state the unit price : state quantily limitations, if arty, to which the unit price 1vill be applicable. )
<br /> Item Units and Limitations Price Per Unit ($0 . 00)
<br /> N/A
<br /> § 4.4 Allowances included in the Contract Sum , if any :
<br /> (Identify allowance and stale exchisions, if any, front the allowance price.)
<br /> Item Price
<br /> N/A
<br /> ARTICLE 5 PAYMENTS
<br /> § 5 . 1 PROGRESS PAYMENTS
<br /> § 5. 1 . 1 Based upon Applications for Payment properly submitted to the Architect by the Contractor and Certificates
<br /> for Payment issued by the Architect, the Owner shall make progress payments on account of the Contract Sum to the
<br /> Contractor as provided below and elsewhere in the Contract Documents .
<br /> § 5 . 1 . 2 'The period covered by each Application for Payment shall be one calendar month ending on the last day of the
<br /> month ,
<br /> N / A
<br /> § 5 . 1 . 3 , All payments shall be made in accordance with timeframe set forth in Local Government Prompt
<br /> Payment Act, Florida Statutes Section 218. 70. et. seq . .
<br /> AIA Document Al01 '"^ — 2007. Copyright © 1915, 1918 , 1925, 1937, 1951 , 1958, 1961 , 1963 , 1967 , 1974 , 1977 , 1987 , 1991 , 1997
<br /> and 2007 by The American
<br /> Init. Institute of Architects. All rights reserved . WARNING : This AiA`�' Document is protected by U .S. Copyright. Law and International Treaties,
<br /> Unauthorized
<br /> reproduction or distribution of this AW' Document, or airy tzortion of it , stay result in severe civil and criminal penalties , and will be prosecote:3
<br /> to t ae 4
<br /> / maximum extent possible under the law. This document was produced by AIA software at 13 : 03 :46 on 06/13/2011 under Order No. 8546898806 1 which
<br /> expires
<br /> on 10/10/2011 , and is not for resale. —
<br /> User Notes : (728394615)
<br />
|