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11 <br />N <br />May 25, 1999 <br />2. Within ten (10) days from the date of acceptance of this proposal, to execute the Contract and to <br />furnish Indian River County a Performance Bond in an amount equal t0 125% of the contract price <br />and a Payment Band in the amount equal to 100% of the contact price. <br />The contractor shall provide two separate bonds a combined Payment and Performance Bond for <br />125% of the contact price is not an acceptable substitute. <br />3. To begin work within twenty (20) calendar clays Aer the (late of receipt by him of Notice -to - <br />Proceed, and to complete the work not later thast the number of calendar days specified in the General <br />Conditions, Paragraph 10 (GC -3). <br />4. To reimburse Indian River County, as liquidated damages, for each calendar day elapsing between <br />the date herein specified as the date of full complction and the actual date of such full completion of <br />the contract work, the amount as set out in [fie Florida Department of Transportation (FDOT), <br />Standar r ions f r Road and Bride onstruction latest edition, under Section 8-10.2., not <br />to exceed the total contract price. <br />Dated this I (n ti day of ;Tu I99_, <br />Respectibily submitted, <br />-1"rs��+� <br />Contractor <br />561 5 `& <br />Address <br />City/State <br />By. <br />BP 2 <br />