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5 . The total cost of the project for acquiring additional right-of-way and intersection <br /> expansion design is estimated to be SEVEN HUNDRED THIRTY SIX THOUSAND <br /> TWO HUNDRED SIXTY EIGHT DOLLARS ($ 736 ,268 . 00 ) . The PARTICIPANT' S <br /> share shall be SEVEN HUNDRED THIRTY SIX THOUSAND TWO HUNDRED SIXTY <br /> EIGHT DOLLARS ( $ 736 ,268 . 00) payable in a lump sum amount . In the event that <br /> the actual cost of the project is less that the PARTICIPANT ' S share as stated above , <br /> there will be no refund of the difference and the excess will be applied to other <br /> phases of the project. However, in the event that the actual cost of the project is more <br /> than the PARTICIPANT'S share as stated above , the PARTICIPANT will compensate <br /> the DEPARTMENT for the overrun in costs . <br /> The PARTICIPANT agrees that it will , within thirty (30 ) days of execution of this <br /> Agreement, furnish the DEPARTMENT with a check in the amount of SEVEN <br /> HUNDRED THIRTY SIX THOUSAND TWO HUNDRED SIXTY EIGHT DOLLARS <br /> ( $ 736 ,268 . 00 ) towards the Project Cost . <br /> Remittance shall be made payable to the Department of Transportation . <br /> Payment shall be clearly marked to indicate that it is to be applied to FM project No . <br /> 230872 -1 -32/41 /42/43/45/46/4B-01 . The DEPARTMENT shall utilize this deposit for <br /> payment of the cost project 230872 -1 -32/41 /42/43/45/46/4B -01 . <br /> Payment shall be mailed to : <br /> Department of Transportation <br /> Professional Services Unit- Attention : Leos A . Kennedy, Jr. <br /> 3400 W . Commercial Boulevard <br /> Fort Lauderdale , Florida 33309-3421 <br /> (A) If the accepted bid amount plus allowance is in excess of the advance <br /> deposit amount , the PARTICIPANT will provide an additional deposit within 14 <br /> (fourteen ) calendar day of notification from the DEPARTMENT or prior to <br /> posting of the accepted bid , whichever is earlier, so that the total deposit is <br /> equal to the bid amount plus allowances . The DEPARTMENT will notify the <br /> PARTICIPANT as soon as it becomes apparent the accepted bid amount plus <br /> allowances is in excess of the advance deposit amount ; however, failure of <br /> the DEPARTMENT to so notify the PARTICIPANT shall not relieve the <br /> PARTICIPANT from its obligation to pay for its full participation . If the <br /> PARTICIPANT cannot provide the additional deposit within 14 (fourteen ) <br /> days , a letter must be submitted to and approved by the DEPARTMENT'S <br /> project manager indicating when the deposit will be made . The <br /> PARTICIPANT understands the request and approval of the addition time <br /> could delay the project, and additional cost may be incurred due to a delay of <br /> the project . <br /> 2of5 <br />