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' t i Bid No. 2018045/IRC-1502 Agreement THIS AGREEMENT is by and between INDIAN RIVER COUNTY, a Political Subdivision of the State of Florida organized and existing under the Laws of the State of Florida, (hereinafter called OWNER) and Johnson -Davis, Inc. (hereinafter called CONTRACTOR). OWNER and CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, agree as follows: ARTICLE 1 - WORK CONTRACTOR shall complete all Work as specified or indicated in the Contract Documents. The Work is generally described as follows: The project will consist of the drainage improvements in an area in Gifford bordered by 43'd Street to the north, 4150 Street to the south, 28th Avenue to the west and the F.E.C.R.R. (Florida East Coast Rail Road) tracks to the east. Drainage pipe and drainage structures will be added, swales will be re- graded and asphalt restoration will be performed. Other work to include earthwork, maintenance of traffic, erosion control and any other incidental work required to complete the project. The project shall conform to the applicable technical specifications of the Florida Department of Transportation Standard Specifications for Road and Bridge Construction, 2015. ARTICLE 2 -THE PROJECT The Project for which the Work under the Contract Documents may be the whole or only a part is generally described as follows: Project Name: Bid Number: Project Number: Project Address: ARTICLE 3 - CONTRACT TIMES 3.01 Time of the Essence GIFFORD AREA STORMWATER PROJECT 2018045 IRC -1502 43rd Street to the north, 41" Street to the south, 28th Avenue to the west and the F.E.C.R.R. (Florida East Coast Rail Road) tracks to the east.. Vero Beach. Florida 32967 A. All time limits for Milestones, if any, Substantial Completion, and completion and readiness for final payment as stated in the specifications are of the essence of the Agreement. 3.02 Days to Achieve Substantial Completion, Final Completion and Final Payment A. The Work will be completed and ready for final payment on or before the 90th day after the date when the Contract Times commence to run. 3.03 Liquidated Damages Page 24 of 37