Laserfiche WebLink
A. The Work will be substantially completed on or before the 180t calendar day after the date <br />when the Contract Times commence to run as provided in paragraph 2.03 of the General <br />Conditions, and completed and ready for final payment in accordance with paragraph <br />14.07 of the General Conditions on or before the 210th calendar day after the date when <br />the Contract Times commence to run. <br />4.03 Liquidated Damages <br />CONTRACTOR and OWNER recognize that time is of theessence of this Agreement and <br />completed within the times <br />f allowed in accordance with <br />eommffice for this portion of <br />ties involved in proving in <br />is not c• , pleted on <br />nd C _ RACTOR <br />A. <br />that OWNER will suffer financial Toss if the Work i <br />specified in paragraph 4.02 above, plus any extensions t <br />Article 12 of the General Conditions. Liquidated damages wi <br />work. The parties also recognize the delays, expense, and diffi <br />a legal proceeding the actual loss suffered by aWNER if the <br />time. Accordingly, instead of requiring any such o roof, OWNER <br />agree that as liquidated damages for delay <br />pay OWNER $1,742.00 for each calendaray <br />paragraph 4.02 for Substantial Com mon until <br />Substantial Completion, if CO �RACT® , shall <br />remaining Work within the C Tim or <br />OWNER, CONTRACTOR shall WNER <br />after the time specified in paragrap <br />until the Work is completed and ready <br />but no <br />d at <br />O. <br />for`i <br />2 <br />ARTICLE 5 - CONTRACT <br />5.01 OWNER shall pay CON . CTOR <br />Contract i 0-0.1 a ts, an arrEou.nt <br />determinedrsu o •aragra <br />A. <br />B. <br />II Work, at <br />E CONTRACT <br />ON <br />a penalty),' TRACTOR shall <br />es after the ime specified in <br />Ily complete. After <br />Iect, re's :-r; "fail to complete the <br />proper e ensign thereof granted by <br />2.00 for each calendar day that expires <br />for c`npletion and readiness for final payment <br />al pay t. <br />bst <br />mpletion of the Work in accordance with the <br />in rpt funds equal to the sum of the amounts <br />.01.A and summarized in paragraph 5.01.B, below: <br />in OONTRACTOR's Bid, attached hereto as an exhibit. <br />subject to additions and deductions provided in the Contract: <br />nca <br />Written Amo <br />ARTICLE 6 - PAYMENT PROCEDURES <br />6.01 Submittal and Processing of Payments <br />A. CONTRACTOR shall submit Applications for Payment in accordance with Article 14 <br />of the General Conditions. Applications for Payment will be processed by <br />ENGINEER as provided in the General Conditions and the Contract Documents. <br />00520 - Agreement (Public Works) REV 06-14 - SAMPLE <br />00520 - 3 <br />F:1Public WorksIENGINEERING DIVISION PROJECTS\1232-1st St SW_43rd Ave Intersec Improv1Admimlagenda items100520 - Agreement (Public Works) REV 06-14 - <br />SAMPLE.doc <br />95 <br />