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2010-091
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2010-091
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Last modified
2/10/2016 10:22:54 AM
Creation date
10/1/2015 2:09:36 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/06/2010
Control Number
2010-091
Agenda Item Number
12.J.1.
Entity Name
R.K. Contractors
Bond-Hanover Insurance Company
Indian River State College
Subject
College Lane Extension Water Main
Supplemental fields
SmeadsoftID
9641
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3 . Perform all photographic recording and documentation of conditions prior to <br /> construction . <br /> 4 . Locate all existing utilities in the area of work . <br /> 5 . Submit and secure approval of shop drawings . <br /> 6 . Mobilize all labor , equipment , and materials . <br /> 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 75 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 75 calendar days to 90 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 /> 3 . 2 Completion of all tasks outlined above ( i . e . , Subparagraphs a , b , and c ) constitute <br /> Final Completion . <br /> 3 . 3 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 Paragraphs 3 . 1 and 3 . 2 above , plus any extensions <br /> thereof allowed in accordance with Article 12 of the General Conditions . They also recognize <br /> the 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 that <br /> expires after the time specified in Paragraph 3#*4Z for completion and readiness for final <br /> payment . S* ( t <br /> O <br /> 3 . 3 . 1 The CONTRACTOR and OWNER agree tha WNER is authorized to deduct <br /> all or any portion of the above-stated liquidated damages due to the Owner <br /> from payments due to the Contractor; or, in the alternative , all or any portion of <br /> the above -stated liquidated damages may be collected from the Contractor or <br /> its Surety or Sureties . These provisions for liquidated damages shall not <br /> 00530-2 <br />
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