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2024045 Trans Florida Rail Trail Boardwalk Repairs <br />ARTICLE 3 - CONTRACT PRICE <br />3.01 OWNER shall pay CONTRACTOR for completion of the Work an amount in current funds equal to the sum of <br />the amounts determined pursuant to paragraph 3.01.A and summarized in paragraph 3.01.13, below: <br />A. For all Work, at the prices stated in CONTRACTOR's Bid, attached hereto as Exhibit 1. <br />B. THE CONTRACT SUM subject to additions and deductions provided in the Contract Documents: <br />Numerical Amount: $ 65,000.00 <br />Written Amount: Sixty-five thousand dollars and zero cents. <br />ARTICLE 4 - PAYMENT PROCEDURES <br />4.01 Method of Payment <br />Owner shall make only one payment for the entire amount of the contract when the work has been completed. <br />Upon a determination of satisfactory completion, the COUNTY Project Manager will authorize payment to <br />be made. All payments for services shall be made to the CONTRACTOR by the COUNTY in accordance with <br />the Local Government Prompt Payment Act, as may be amended from time to time (Section 218.70, Florida <br />Statutes, et seq.). <br />4.02 Acceptance of Final Payment as Release <br />The acceptance by the CONTRACTOR of final payment shall be and shall operate as a release to the OWNER from all <br />claims and all liability to the CONTRACTOR other than claims in stated amounts as may be specifically <br />excepted by the CONTRACTOR for all things done or furnished in connection with the work under this <br />Agreement and for every act and neglect of the OWNER and others relating to or arising out of the work. <br />Any payment, however, final or otherwise, shall not release the CONTRACTOR or its sureties from any <br />obligations under this Agreement, the Invitation to Bid or the Public Construction Bond. <br />ARTICLE 5 - INDEMNIFICATION <br />5.01 CONTRACTOR shall indemnify and hold harmless the OWNER, and its officers and employees, from liabilities, <br />damages, losses and costs, including, but not limited to, reasonable attorney's fees, to the extent caused by <br />the negligence, recklessness, or intentional wrongful misconduct of the CONTRACTOR and persons <br />employed or utilized by the CONTRACTOR in the performance of the Work. <br />ARTICLE 6 - CONTRACTOR'S REPRESENTATIONS <br />6.01 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 data <br />identified in the Invitation to Bid documents. <br />29 <br />