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05/01/2018
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05/01/2018
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Last modified
1/11/2021 3:36:04 PM
Creation date
6/5/2018 10:37:00 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
05/01/2018
Meeting Body
Board of County Commissioners
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14.07 of the General Conditions on or before the 120th calendar day after the date when <br />the 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 loss 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 asa`-enalty), CONTRACTOR shall <br />pay OWNER 958.00 for each calendar day that expires a , r 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 payGWNER- 958.00`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. N f' <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.,rount `in \current funds\equal to the sum of the amounts <br />determined pursuant` paragrap`5.01\.A ands mmarized in paragraph 5.01.8, below: <br />A. For all Work; at the pri es,stated`i Cn ONTRACTOR's Bid, attached hereto as an exhibit. <br />B. THE <br />\ \ • -1 ,`; <br />;Numerical Amount* <br />$ ` <br />Written Amount: <br />ARTICLE 6 - PAYMENT PROCEDURES <br />6.01 Submittal and Processing of Payments <br />and deductions provided in the Contract:: <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 />@BCL@DC0D8BAD.% <br />00520-3 <br />C:\Users\legislaAAppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@DCOD8BAD\@BCL@DCOD8BAD.doc <br />
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