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20250o6 West Regional Wastewater Treatment Facility Clarifiers No. 1 and 2 Improvements throughout the project duration. Any modifications to the Baseline Schedule will require a review process by the County and may be accepted at the County's discretion. 3.05 The Contractor shall submit a draft budget forecast based on the draft baseline schedule. 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 draft budget forecast in accordance with the agreed- upon modifications, thereby establishing the Budget Forecast. This will represent the approved budget for the project and will serve as the standard for measuring and assessing the project's financial performance. 3.o6 The Contractor shall earn a schedule bonus for each day that substantial completion is achieved prior to the date of substantial completion that is listed in the Baseline Schedule. The County shall pay to the Contractor $loo per day of early completion, up to a maximum payable amount of $io,000. Any assigned liquidated damages immediately disqualify the Contractor from receiving this bonus. ARTICLE 4 - CONTRACT PRICE 4.01 County shall pay Contractor for completion of the Work an amount in current funds equal to the sum of the amounts determined pursuant to paragraph 4.oi.A and summarized in paragraph 4.oi.B, below: A. For all Work, at the prices stated in Contractor's Cost Proposal Form, attached hereto as Exhibit 1. B. THE CONTRACT SUM subject to additions and deductions provided in the Contract Documents: Numerical Amount: $2,742,000 Written Amount: Two million seven hundred forty-two thousand dollars ARTICLE s - PAYMENT PROCEDURES 5.01 Progress Payments. A. The County shall make progress payments to the Contractor on the basis of the approved partial payment request as recommended by Engineer in accordance with the provisions of the Local Government Prompt Payment Act, Florida Statutes section 218.7o et. seq. The County shall retain five percent (5%) of the payment amount due to Contractor until substantial completion and acceptance of all work to be performed by Contractor under the Contract Documents. B. For construction projects less than $10 million, at the time the Owner is in receipt of the Certificate of Substantial Completion, the Owner shall have 30 calendar days to provide a list to the Contractor of items to be completed and the estimated cost to complete each item on the list. Owner and Contractor agree that the Contractor's itemized bid shall serve as the basis for determining the cost of each item on the list. For projects in excess of $10 million, owner shall have up to 45 calendar days following receipt of Certificate of Substantial Completion of the project to provide contractor with said list. C. Within 20 business days following the creation of the list, Owner shall pay Contractor the remaining contract balance including all retainage previously withheld by Owner except for an amount equal to iso% of the estimated cost to complete all of the items on the list. D. Upon completion of all items on the list, the Contractor may submit a payment request for the amount of the iso% retainage held by the Owner. If a good faith dispute exists as to whether one or more 2