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2014-200A1
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2014-200A1
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Last modified
3/17/2017 11:51:32 AM
Creation date
1/19/2017 1:31:09 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
12/09/2014
Control Number
2014-200A.1
Agenda Item Number
12.F.1
Entity Name
Kast Construction
Subject
Intergenerational Recreation Facility
Additional Info.
Area
South County Regional Park
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Conditions, and completed and ready for final payment in accordance with paragraph <br />14.07 of the General Conditions on or before the 360th day after the date when the <br />Contract Times commence to run. <br />4.03 Liquidated Damages <br />A. CONTRACTOR and OWNER recognize that time is of the essence of this Agreement and <br />that OWNER will suffer financial Toss if the Work is not completed within the times <br />specified in paragraph 4.02 above, plus any extensions thereof allowed in accordance with <br />Article 12 of the General Conditions. Liquidated damages will commence for this portion of <br />work. The parties also recognize the delays, expense, and difficulties involved in proving in <br />a legal proceeding the actual loss suffered by OWNER if the Work is not completed on <br />time. Accordingly, instead of requiring any such proof, OWNER and CONTRACTOR <br />agree that as liquidated damages for delay (but not as a penalty), CONTRACTOR shall <br />pay OWNER $3,770.00 for each calendar day that expires after the time specified in <br />paragraph 4.02 for Substantial Completion until the Work is substantially complete. After <br />Substantial Completion, if CONTRACTOR shall neglect, refuse, or fail to complete the <br />remaining Work within the Contract Time or any proper extension thereof granted by <br />OWNER, CONTRACTOR shall pay OWNER $3,770.00 for each calendar day that expires <br />after the time specified in paragraph 4.02 for completion and readiness for final payment <br />until the Work is completed and ready for final payment. <br />ARTICLE 5 - CONTRACT PRICE <br />5.01 OWNER shall pay CONTRACTOR for completion of the Work in accordance with the <br />Contract Documents, an amount in current funds equal to the sum of the amounts <br />determined pursuant to paragraph 5 01.A and summarized in paragraph 5 01.B, 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:: <br />Numerical Amount: $ 10i 61L 21 5. 03 <br />Written Amount: —1-(-4(1 W4 \\ (4) S'4c, rot W 1 S1C <br />cirs.rJ ky ,eta -k �% �3 /too - <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 />6.02 Progress Payments. <br />A. The OWNER shall make progress payments to the CONTRACTOR on the basis of <br />the approved partial payment request as recommended by ENGINEER in <br />accordance with the provisions of the Local Government Prompt Payment Act, <br />Florida Statutes section 218.70 et. seq. The OWNER shall retain ten percent <br />00520 - Agreement (Public Works) REV 06-14 <br />00520 - 3 <br />B:\2013-2014 FY (2014000)\2014052 Intergenerational Recreational Facility Construction\00520 - Agreement (Public Works) REV 06-14.doc <br />
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