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2025046 Fiber Optic Cable Interconnectivity, Bldg. B to EOC 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 OWNER) and New Tech Construction Corn (hereinafter called CONTRACTOR). OWNER and CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, agree as follows: ARTICLE i — WORK AND PROJECT CONTRACTOR shall complete all Work as specified or indicated in the Contract Documents. The Work is generally described as follows: Furnish and install the fiber optic infrastructure needed to connect the main County Administration Building to the County Emergency Operation Center per plans labeled Roadway Contract Plans, Emergency Operations Center Fiber Infrastructure Expansion Project, dated March, 2025 Sheets 1-27. The Project for which the Work under the Contract Documents may be the whole or only a part is generally described as follows: Project Name: Fiber Optic Cable Interconnectivity, Bldg. B to EOC Bid Number: 2025046 Project Address: N/A ARTICLE 2 - CONTRACT TIMES 2.01 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. Receipt of a fully executed copy of this agreement by electronic means shall serve as notice to proceed. 2.02 Days to Achieve Substantial Completion, Final Completion and Final Payment The Work will be completed and ready for final payment on or before the 150th day after the date when the Contract Times commence to run. 2.03 Liquidated Damages CONTRACTOR and OWNER recognize that time is of the essence of this Agreement and that OWNER will suffer financial loss if the Work is not completed within the times specified in paragraph 2.02 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 OWNER if the Work is not completed on time. Accordingly, instead of requiring any such proof, OWNER and CONTRACTOR agree that as liquidated damages for delay (but not as a penalty), CONTRACTOR shall pay OWNER $1.685 for each calendar day that expires after the time specified in paragraph 2.02 for completion and readiness for final payment until the Work is completed and ready for final payment.