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2021034 RFP for Library Meeting Room AV Upgrades <br />Agreement <br />THIS AGREEMENT is by and between INDIAN RIVER COUNTY, a Political Subdivision of the State of Florida organized <br />and existing under the Laws of the State of Florida, (hereinafter called OWNER) and AVI-SPL, LLC (hereinafter called <br />CONTRACTOR). OWNER and CONTRACTOR, inconsideration of the mutual covenants hereinafter set forth, agree as <br />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 />Audio Visual Upgrades to Meeting Rooms at Main and North County Libraries <br />ARTICLE 2 - THE PROJECT <br />The Project forwhich the Work underthe Contract Documents may be the whole or only a part is generally described <br />as follows: <br />Project Name: r Library Meeting Room AV Upgrades <br />RFP Number: 2021034 <br />Project Address: Indian River County Main Library <br />1600 21st Street <br />Vero Beach, FL 32960 <br />North Indian River County Library <br />1001 Sebastian Boulevard <br />Sebastian, FL 32958 <br />ARTICLE 3 - CONTRACT TIM <br />3.01 Time of the Essence <br />A. All time limits for Milestones, if any, Substantial Completion, and completion and readiness for final payment <br />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 completed and ready for final payment on or before November 30, 2021. <br />3.03 Liquidated Damages <br />A. CONTRACTOR and OWNER recognize that time is of the essence of this Agreement and that OWNER will <br />suffer financial loss if the Work is not completed within the times specified in paragraph 3.02 above, plus <br />any extensions thereof allowed in writing as a change order to this Agreement. Liquidated damages will <br />commence for this portion of work. The parties also recognize the delays, expense, and difficulties involved <br />in proving in a legal proceeding the actual loss suffered by OWNER if the Work is not completed on time. <br />Accordingly, instead of requiring any such proof, OWNER and CONTRACTOR agree that as liquidated <br />