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2025oo6 West Regional Wastewater Treatment Facility Clarifiers No. 1 and 2 Improvements Agreement THIS AGREEMENT is by and between INDIAN RIVER COUNTY, a Political Subdivision of the State of Florida organized and existing under the Laws of the State of Florida, (hereinafter called County) and Lawrence Lee Construction Services, Inc. (hereinafter called Contractor). County and Contractor, in consideration of the mutual covenants hereinafter set forth, agree as follows: ARTICLE i — WORK Contractor shall complete all Work as specified or indicated in the Contract Documents. The Work is generally described as the renovation of the concrete basins of Clarifier Nos.1 and 2, and replacement of equipment in both clarifiers. ARTICLE 2 — PROJECT The Project for which the Work under the Contract Documents is generally described as follows: Project Name: West Regional Wastewater Treatment Facility Clarifiers No.1 and 2 Improvements RFP Number: 20250o6 IRCDUS Project ID: 22.23.556 Address: 8405 8th Street, Vero Beach, Florida, 32966 ARTICLE 3 - CONTRACT TIMES 3.01 Time of the Essence All time limits for Milestones, if any, Substantial Completion, and completion and readiness for final payment as stated in the specifications are of the essence of the Agreement. 3.02 Days to Achieve Substantial Completion, Final Completion and Final Payment The Work will be completed and ready for final payment on or before the 547th day (per submitted schedule) after the date when the Contract Times commence to run. 3.03 Liquidated Damages Contractor and County recognize that time is of the essence of this Agreement and that County will suffer financial loss if the Work is not completed within the times specified in paragraph 3.02 above, plus any extensions thereof allowed in writing as a change order to this Agreement. Liquidated damages will commence for this portion of work. The parties also recognize the delays, expense, and difficulties involved in proving in a legal proceeding the actual loss suffered by County if the Work is not completed on time. Accordingly, instead of requiring any such proof, County and Contractor agree that as liquidated damages for delay (but not as a penalty), Contractor shall pay County $1,694 for each calendar day that expires after the time specified in paragraph 3.02 for completion and readiness for final payment until the Work is completed and ready for final payment. 3.04 The Contractor shall submit a draft baseline schedule, including the critical path, for review by Indian River County. The County reserves the right to request modifications. Upon such a request, the County and Contractor shall engage in negotiations. The Contractor shall revise the schedule in accordance with the agreed-upon modifications, thereby establishing the Baseline Schedule. This Baseline Schedule will be utilized