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65a9c8e7-74f8-4119-a06b-e147d55af14f <br />Sample 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 <br />(hereinafter called CONTRACTOR). OWNER and CONTRACTOR, in consideration of the mutual covenants hereinafter <br />set forth, agree as follows: <br />ARTICLE 1— WORK AND PROJECT <br />CONTRACTOR shall complete all Work as specified or indicated in the Contract Documents. The Work is generally <br />described as follows: <br />The work includes, but is not limited to, providing all labor, supervision, equipment, materials, transportation, <br />fuel, pollution prevention and maintenance of traffic, to dewater, clean, and perform closed circuit television <br />(CCTV) inspection for 8,834 Lineal Feet of drainage pipe, and associated drainage structures located within the <br />County Road 512 and N. Broadway St. right-of-way in the City of Fellsmere. <br />The Project for which the Work under the Contract Documents may be the whole or only a part is generally described <br />as follows: <br />Project Name: C.R.512 Drainage Restoration — Fellsmere (IRC -2006) <br />Bid Number: 2024036 <br />Project Address: City of Fellsmere on C.R. 512 and N. Broadway St. <br />ARTICLE 2 — TERM <br />The term of this agreement is... <br />ARTICLE 3 - CONTRACT TIMES <br />3.01 Time of the Essence <br />All time limits for Milestones, if any, Substantial Completion, and completion and readiness for final payment as <br />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 />The Work will be completed and readyforfinal payment on or before the 180th day after the date when the Contract <br />Times commence to run. <br />3.03 Liquidated Damages <br />CONTRACTOR and OWNER recognize that time is of the essence of this Agreement and that OWNER will suffer <br />financial loss if the Work is not completed within the times specified in paragraph 3.02 above, plus any extensions <br />thereof allowed in writing as a change order to this Agreement. Liquidated damages will commence for this portion <br />of work. The parties also recognize the delays, expense, and difficulties involved in proving in a legal proceeding the <br />