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Bid No. 2020048/IRC-1816 <br />AGREEMENT <br />THIS AGREEMENT is by and between INDIAN RIVER COUNTY, a Political Subdivision of the State of Florida <br />organized and existing under the Laws of the State of Florida, (hereinafter called OWNER) <br />and Kenco Sign & Awning, Inc. <br />(hereinafter called CONTRACTOR). OWNER and CONTRACTOR, in consideration of the mutual covenants <br />hereinafter set forth, agree as follows: <br />ARTICLE 1 - WORK <br />CONTRACTOR shall complete all Work as specified or indicated in the Contract Documents. The Work is generally <br />described as follows: <br />Construct landmark welcome signs at four roadway entry points within the County, those locations are; US <br />Highway 1 near the North and South County lines; SR60 East of the 1-95 interchange; and CR 512 East of the <br />interchange with 1-95. Each sign will have a steel reinforced concrete footing, steel reinforced block wall, stone <br />veneer finish and steel powder coated retro -reflective painted lettering. <br />ARTICLE 2 -THE PROJECT <br />The Project for which the Work under the Contract Documents may be the whole or only a part is generally <br />described as follows: <br />Project Name: INDAIN RIVER COUNTY WELCOME SIGNS (IRC -1816) <br />Bid Number: 2020048 <br />Project Address: US Highway 1 near the North and South County lines; SR60 East of the 1-95 <br />interchange; and CR 512 East of the interchange with 1-95. <br />ARTICLE 3 - CONTRACT TIMES <br />3.01 Time of the Essence <br />A. All time limits for Milestones, if any, Substantial Completion, and completion and readiness for final <br />payment as stated in the specifications are of the essence of the Agreement. <br />3.02 Days to Achieve Substantial Completion, Final Completion and Final Payment <br />A. The Work will be substantially completed on or before the 90 calendar day after the date when the <br />Contract Times commence to run as provided in the Notice to Proceed and completed and ready for final <br />