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2006-092
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2006-092
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Last modified
7/1/2016 3:29:42 PM
Creation date
9/30/2015 9:35:35 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
03/21/2006
Control Number
2006-092
Agenda Item Number
11.I.4.
Entity Name
Great Lakes Dredge & Dock Company, LLC
Subject
IRC Sector 7 Beach Nourishment
Supplemental fields
SmeadsoftID
5531
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Acceptance of Final Payment as Release. The acceptance by the CONTRACTOR of <br /> final payment shall be and shall operate as a release to the OWNER from all claims <br /> and all liability to the CONTRACTOR other than claims in stated amounts as may be <br /> specifically excepted by the CONTRACTOR for all things done or furnished in <br /> connection with this Work and for every act and neglect of the OWNER and others <br /> relating to or arising out of this Work. Any payment, however, final or otherwise, <br /> shall not release the CONTRACTOR or his/her sureties from any obligations under <br /> the Contract Documents or the Payment and Performance Bonds. <br /> Article 6. INDEMNIFICATION: CONTRACTOR agrees to indemnify and hold harmless the <br /> OWNER, together with its agents, employees, elected officers and representatives, <br /> from liabilities, damages, losses, and costs, including but not limited to, reasonable <br /> attorney's fees, to the extent caused by the negligence, recklessness or intentionally <br /> wrongful conduct of the CONTRACTOR and persons employed or utilized by the <br /> CONTRACTOR in the performance of this Contract. This indemnification and hold <br /> harmless provision shall survive the termination or expiration of this Contract. <br /> Article 7. PUBLIC CONSTRUCTION PAYMENT AND PERFORMANCE BOND : The <br /> CONTRACTOR shall furnish the COUNTY immediately upon execution of this <br /> Contract a Performance Bond in an amount equal to 125% of the contract price and a <br /> Payment Bond in an amount equal to 100% of the contract price, conditioned upon <br /> the performance of this Contract by the CONTRACTOR in accordance with the terms <br /> and conditions hereof, within the time herein provided, and with the additional <br /> obligation that such CONTRACTOR shall promptly make payments to all persons <br /> supplying him labor, materials and supplies, used directly or indirectly by the said <br /> CONTRACTOR in the prosecution of the work provided for in this Contract. The <br /> Surety shall be authorized to issue surety bonds in Florida and be included in the most <br /> recent United States Department of Treasury List of Acceptable Sureties. Bidder <br /> shall require the attorney-in-fact, who executed the Payment Bond and the <br /> Performance Bond, to affix to each a current certified copy of their Power of <br /> Attorney, reflecting such person's authority as Power of Attorney in the State of <br /> Florida. Further, at the -time of execution of the Contract, the successful Bidder shall <br /> provide a copy of the Surety's current valid Certificate of Authority issued by the <br /> United States Department of the Treasury under 31 United States Code sections 9304- <br /> 9308 . Each of the Payment Bond and Performance Bond shall be submitted in the <br /> forms furnished herewith <br /> The CONTRACTOR shall provide two separate bonds; a combined Payment and. <br /> Performance Bond for 125 % of the contract price is not an acceptable substitute. <br /> Article 8 . REMEDIES AND CHOICE OF LAW : This Agreement shall be governed by the <br /> laws of the State of Florida. Any legal actions instituted under this Agreement that <br /> are justiciable in state court shall be instituted in Indian River County. Any legal <br /> actions instituted under this Agreement that are justiciable in federal court shall be <br /> instituted in the Southern District of Florida. No remedy herein conferred upon any <br /> party is intended to be exclusive of any other remedy and each and every such <br /> remedy shall be cumulative and shall be in addition to every such remedy given <br /> hereunder or now or hereafter existing at law or in equity or by statute or otherwise. <br /> AGREEMENT A-4 <br />
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