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2016-107G
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2016-107G
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Last modified
8/23/2016 11:00:12 AM
Creation date
8/23/2016 11:00:11 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
07/12/2016
Control Number
2016-107G
Agenda Item Number
8.U.
Entity Name
Parkson Corporation
Subject
Headworks Screen and Compaction Equipment
Refurbishment Central and West Regional Facility
Area
3550 49th St. 8405 8th St.
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for completion and readiness for final payment until the Work is completed and ready for final <br /> payment. <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 /> 4.01.6,below: <br /> A. For all Work,at the prices stated in CONTRACTOR's Bid,attached hereto as an exhibit. <br /> B. THE CONTRACT SUM subject to additions and deductions provided in the Contract Documents: <br /> Numerical Amount:$274,295.00 <br /> Written Amount: Two hundred seventy four thousand,two hundred ninety five dollars and <br /> zero cents <br /> ARTICLES-PAYMENT PROCEDURES <br /> 5.01 Progress Payments. <br /> A. The OWNER shall make progress payments to the CONTRACTOR on the basis of the <br /> approved partial payment request as recommended by ENGINEER in accordance with the <br /> provisions of the Local Government Prompt Payment Act,Florida Statutes section 218.70 et. <br /> seq. The OWNER shall retain ten percent (10%) of the payment amounts due to the <br /> CONTRACTOR until fifty percent (50%) completion of the work. After fifty percent (50%) <br /> completion of the work is attained as certified to OWNER by ENGINEER in writing, OWNER <br /> shall retain five percent (5%) of the payment amount due to CONTRACTOR until final <br /> completion and acceptance of all work to be performed by CONTRACTOR under the Contract <br /> Documents. Pursuant to Florida Statutes section 218.735(8)(b), fifty percent (50%) <br /> completion means the point at which the County as OWNER has expended fifty percent <br /> (50%) of the total cost of the construction services work purchased under the Bid and <br /> Specification Documents,together with all costs associated with existing change orders and <br /> other additions or modifications to the construction services work provided under the <br /> Contract Documents. <br /> 5.02 Pay Requests. <br /> A. Each request for a progress payment shall contain the CONTRACTOR'S certification.-All <br /> progress payments will be on the basis of progress of the work measured by the schedule <br /> of values established, or in the case of unit price work based on the number of units <br /> completed.After fifty percent(50%)completion,and pursuant to Florida Statutes section <br /> 218.735(8)(d),the CONTRACTOR may submit a pay request to the County as OWNER for <br /> up to one half(1/2) of the retainage held by the County as OWNER, and the County as <br /> OWNER shall promptly make payment to the CONTRACTOR unless such amounts are the <br /> subject of a good faith dispute;the subject of a claim pursuant to Florida Statutes section <br /> 255.05(2005);or otherwise the subject of a claim or demand by the County as OWNER or <br /> the CONTRACTOR. The CONTRACTOR acknowledges that where such retainage is <br /> attributable to the labor, services, or materials supplied by one or more subcontractors <br /> Page 2 of 7 <br />
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