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Completion, if CONTRACTOR shall neglect. refuse or fail to complete the remaining work within the Contract lime or any proper extension thereof gr<rnted by OWNER, CONTRACTOR shall pay OWNER Four -Hundred and Fifty Dollars ($450.00) for each day that expires after the time specified in Paragraph 3.1 for completion and readiness for final payment. 3,31. The CONTRACTOR and OWNER agree that OWNER is authorized to deduct all or any portion of the above -stated liquidated damages due to the Owner from payments due to the Contractor; or, in the alternative, all all or any portion of the above -stated liquidated damages may be collected from the Contractor or its Surely or Sureties. These provisions for liquidated damages shall not prevent the OWNER, in case of the CONTRACTOR's default, from terminating the Contractor's right to proceed as provided in this Agreement. 3.3.2. In addition to the above -stated liquidated darn ages, the CONTRACTOR! shall be responsible for reirnbursing OWNER for all _ -sts incurred by OWNER to third party consultants in administering the Project beyond the Substantial Completion date specified in this Agreement, or beyond an approved extension of time granted to CONTRACTOR, whichever date is later. ARTICLE 4 CONTRACT PRICE 4.1 OWNER shall pay CONTRACTOR for completion of the work in accordance with the Contract Documents in current funds in the arnount of �_903,067.00 ARTICLE 5 PAYMENT PROCEDURES CONTRACTOR shall submit Applications for Payment in accordance with Article 14 of the General Conditions. Applications for Payment will bo ; processed by ENGINEER as provided in the General Conditions and the Contract Documents. 5.1 progress Patents; The OWNER shall make progress payments to the CONTRACTOR o►} the basis of the approved partial payment request as recommended by ENGINEER irs accordance with the provisions of the Local Government Prompt Payment Act, Florida Statutes section 218.70 et. seq. The OWNER shall retain ten percent (10%) of the payment amounts due to the CONTRACTOR until fifty percent (60%) completion of the work. After fifty percent (50%) completion of the work is attained as certified to OWNER by ENGINEER in writing, OWNER shall retain five percent (5%) of the payment amount due to CONTRACTOR until final completion and acceptance of all work to be perforrned by CONTRACTOR under the Contract Documents. Pursuant to Florida Statutes section 218.735(8)(b), fifty percent (50%) completion means the point at which the County as OWNER has expended fifty percent (50%) of the total cost of the construction services work purchased under the Contract Documents, together with all costs associated with existing change orders and other additions or modifications to the construction services work provided under the Contract Documents. 5.2 Pay @Felt casts. Each request for a progi€;ss payment shall be submitted on the application for payment form supplied by OWNER and the application for payment shall contain the CONTRPkCTOR's certification. All progress payments will be on the basis of progress of the work measured by the schedule of values established, or in the case of unit price work based on tht; number of units completed. After fifty percent (%i 'O) cowipletion, and pursuant to Florida Statutes section 2183 735(8)(d), the CON I RACTOR may subalit a pry request to 00530-14