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INDIAN RIVER COUNTY PUBLIC WORKS <br />UTILITY WORK BY HIGHWAY CONTRACTOR AGREEMENT <br />(AT UTILITY EXPENSE) <br />the Allowances); plus 10% of the official estimate for a contingency fund to be used as hereinafter <br />provided for changes to the Utility Work during the construction of the Project (the Contingency <br />Fund). <br />d. Payment of the funds pursuant to this paragraph will be made (choose one): <br />directly to the IRC -PW for deposit into Indian River County Finance Division Account. <br />❑ none. <br />e. If the portion of the contractor's bid selected by the IRC -PW for performance of the Utility Work <br />exceeds the amount of the deposit made pursuant to Subparagraph c. above, then subject to and <br />in accordance with the limitations and conditions established by Subparagraph 2. c. hereof <br />regarding IRC -PW participation in the cost of the Utility Work and the CITY's election to remove <br />the Utility Work from the Project, the CITY shall, within fourteen (14) calendar days from notification <br />from the IRC -PW or prior to posting of the accepted bid, whichever is earlier, pay an additional <br />amount to the IRC -PW to bring the total amount paid to the total obligation of the CITY for the cost <br />of the Utility Work, plus Allowances and 10% Contingency Fund. The IRC -PW will notify the CITY <br />as soon as it becomes apparent the accepted bid amount plus allowances and contingency is in <br />excess of the advance deposit amount; however, failure of the IRC -PW to so notify the CITY shall <br />not relieve the CITY from its obligation to pay for its full share of project costs on final accounting <br />as provided herein below. In the event that the CITY is obligated under this Subparagraph 3.e. to <br />pay an additional amount and the additional amount that the CITY is obligated to pay does not <br />exceed the Contingency Fund already on deposit, the CITY shall have sixty (60) calendar days <br />from notification from the IRC -PW to pay the additional amount, regardless of when the accepted <br />bid is posted. <br />f. If the accepted bid amount plus allowances and contingency is less than the advance deposit <br />amount, the IRC -PW will refund the amount that the advance deposit exceeds the bid amount, plus <br />allowances and contingency if such refund is requested by the CITY in writing and approved by <br />the Comptroller of the IRC -PW or his designee. <br />g. Should contract modifications occur that increase the CITY's share of total project costs, the CITY <br />will be notified by the IRC -PW accordingly. The CITY agrees to provide, in advance of the additional <br />work being performed, adequate funds to ensure that cash on deposit with the IRC -PW is sufficient <br />to fully fund its share of the project costs. The IRC -PW shall notify the CITY as soon as it becomes <br />apparent the actual costs will overrun the award amount; however, failure of the IRC -PW to so <br />notify the CITY shall not relieve the CITY from its obligation to pay for its full share of project costs <br />on final accounting as provided herein below. <br />The IRC -PW may use the funds paid by the CITY for payment of the cost of the Utility Work. The <br />Contingency Fund may be used for increases in the cost of the Utility Work which occur because <br />of quantity overruns or because of adjustments or changes in the Utility Work made pursuant to <br />Subparagraph 2. h. Prior to using any of the Contingency Fund, the IRC -PW will obtain the written <br />concurrence of the City Council or the City Manager or his designee, as applicable. The City shall <br />respond immediately to all requests for written concurrence. If the City refuses to provide written <br />concurrence promptly and the IRC -PW determines that the work is necessary, the IRC -PW may <br />proceed to perform the work and recover the cost thereof pursuant to the provisions of Section <br />337.403(3), Florida Statutes. In the event that the Contingency Fund is depleted, the CITY shall, <br />within fourteen (14) calendar days from notification from the IRC -PW, pay to the IRC -PW an <br />additional 10% of the total obligation of the CITY for the cost of the Utility Work established under <br />Subparagraph 3. e. for future use as the Contingency Fund. <br />Upon final payment to the Contractor, the IRC -PW intends to have its final and complete accounting <br />of all costs incurred in connection with the work performed hereunder within three hundred sixty <br />(360) days. All project cost records and accounts shall be subject to audit by a representative of <br />the CITY for a period of three (3) years after final close out of the Project. The CITY will be notified <br />of the final cost. Both parties agree that in the event the final accounting of total project costs <br />N:\Client Docs\Water & Sewer\Water & Sewer Utility Relocation Agreement 2019.2.26.docx <br />Page 4 of 10 <br />