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Agreement <br />— - - THIS AGREEMENT is •by -and -between INDIAN -RIVER COUNTY,_a-Political Subdivision of -the State -of -Florida__ _ ___ __ _ _ <br />organized and existing under the Laws of the State of Florida, (hereinafter called OWNER) <br />and West Florida Maintenance, Inc. <br />(hereinafter called CONTRACTOR). <br />OWNER and CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, agree as follows: <br />ARTICLE 1- WORK <br />1.01 CONTRACTOR shall complete all Work as specified or indicated in the Contract Documents. The <br />Work is generally described as follows: <br />Painting of Exterior Surfaces at South County Wastewater Treatment Facility <br />ARTICLE 2 - THE PROJECT <br />2.01 The Project for which the Work under the Contract Documents may be the whole or only a part is <br />generally described as follows: <br />Project Name: Painting at South County WWTF <br />Bid Number: 2015047 <br />Project Address: South County WWTF <br />2500 6th Avenue SW <br />Vero Beach, FL 32962 <br />ARTICLE 3 - CONTRACT TIMES <br />3.01 Time of the Essence <br />A. All time limits for Milestones, if any, Substantial Completion, and completion and readiness for final <br />payment as stated in the specifications are of the essence of the Contract. <br />3.02 Days to Achieve Substantial Completion, Final Completion and Final Payment <br />A. The Work will be completed and ready for final payment on or before the 45th day after the date <br />when the Contract Times commence to run. <br />3.03 Liquidated Damages <br />A. CONTRACTOR and OWNER recognize that time is of the essence of this Agreement and that OWNER <br />will suffer financial Toss if the Work is not completed within the times specified in paragraph 3.02 <br />above, plus any extensions thereof allowed in writing as a change order to this agreement. <br />Liquidated damages will commence for this portion of work. The parties also recognize the delays, <br />expense, and difficulties involved in proving in a legal proceeding the actual loss suffered by OWNER <br />Page 1of7 <br />