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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) and Surnmerlin's <br />Marine Construction, LLC (hereinafter called [ONTRACTDR). <br />OWNER and CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, agree as <br />ARTICLE 1 - WORK <br />CONTRACTOR shall complete all Work as specified orindicated inthe Contract Documents. The Work b <br />generally described asfollows: <br />Round Island Riverside Park Boardwalk Replacement <br />ARTICLE 2 - THE PROJECT <br />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: <br />RFP Number: <br />Project Address <br />ARTICLE 3 - CONTRACT TIMES <br />3.01 Time ufthe Essence <br />Round Island Riverside Park Boardwalk Replacement_ <br />2016024 <br />2201 South Highway AlA, Vero Beach, FL_ <br />A. All time limits for Milestones, if any, Substantial Completion, and completion and readiness for <br />final payment as stated in the specifications are of the essence of the Agreement. <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 120th day after the date <br />permits are issued bythe COUNTY. Application for permit shall bemade within 3Ddays ofnotice <br />of award. <br />ARTICLE 4 - CONTRACT PRICE <br />4.01 OWNER shall pay CONTRACTOR for completion of the Work an amount in current funds equal to <br />the sum of the amounts determined pursuant to paragraph 4.01.A and summarized in paragraph <br />4,01.13, below: <br />A. For all Work, atthe prices stated inCONTRACTOR'sPrice Proposal, attached hereto asanexhibit. <br />B. THE CONTRACT SUM subject tuadditions and deductions provided in the Contract Documents: <br />Page 1 of 7 <br />