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2021-054A
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2021-054A
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Last modified
5/18/2021 1:47:48 PM
Creation date
5/18/2021 1:47:24 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/13/2021
Control Number
2021-054A
Agenda Item Number
8.E.
Entity Name
Costello Brothers Marine Construction, Inc.
Subject
Egret Marsh Slide Gate Replacement Project
Area
7295 4th Street
Bid Number
2021035
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Numerical Amount: $108,186.96 <br />Written Amount: One hundred eight thousand one hundred eighty-six dollars and ninety- <br />six cents <br />ARTICLE 5 - PAYMENT PROCEDURES <br />5.1 Method of Payment <br />A. Due to the short duration allocated for this project, the OWNER shall make only one payment for <br />the entire amount of the contract when the Work has been completed. Upon a determination of <br />satisfactory completion, the OWNER's Project Manager will authorize payment to be made. All <br />payments for services shall be made to the CONTRACTOR by the OWNER in accordance with the <br />Local Government Prompt Payment Act, as may be amended from time to time (Section 218.70, <br />Florida Statutes, et seq.). <br />5.2 Acceptance of Final Payment as Release <br />The acceptance by the CONTRACTOR of final payment shall be and shall operate as a release to <br />the OWNER from all claims and all liability to the CONTRACTOR other than claims in stated <br />amounts as may be specifically excepted by the CONTRACTOR for all things done or furnished in <br />connection with the work under this Agreement and for every act and neglect of the OWNER and <br />others relating to or arising out of the Work. Any payment, however, final or otherwise, shall not <br />release the CONTRACTOR or its sureties from any obligations under this Agreement, the Invitation <br />to Bid or the Public Construction Bond. <br />ARTICLE 6 - INDEMNIFICATION <br />6.01 CONTRACTOR shall indemnify and hold harmless the OWNER, and its officers and employees, from <br />liabilities, damages, losses and costs, including, but not limited to, reasonable attorney's fees, to <br />the extent caused by the negligence, recklessness, or intentional wrongful misconduct of the <br />CONTRACTOR and persons employed or utilized by the CONTRACTOR in the performance of the <br />Work. <br />ARTICLE 7 - CONTRACTOR'S REPRESENTATIONS <br />7.1 In order to induce OWNER to enter into this Agreement CONTRACTOR makes the following <br />representations: <br />A. CONTRACTOR has examined and carefully studied the Contract Documents and the other related <br />data identified in the Invitation to Bid documents. <br />B. CONTRACTOR has visited the Site and become familiar with and is satisfied as to the general, local, <br />and Site conditions that may affect cost, progress, and performance of the Work. <br />c:\gra nicus\I egistar5\I5\temp\6cdd36a3-c034-4520-a45a-25de4329456d.doc <br />
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