2003-340 - Laserfiche WebLink

Home Browse Search

damages and the cost and effect of the failure of CONTRACTOR to complete the Contract on time. The above -stated liquidated damages shall apply separately to each portion of the Project for which a time for completion is given. The CONTRACTOR and OWNER agree that OWNER is authorized to deduct all or any portion of the above -stated liquidated damages from the monies due to CONTRACTOR for the Work under this Contract as the OWNER deems just and reasonable. In addition to the above -stated liquidated damages, the CONTRACTOR shall be responsible for reimbursing OWNER for all costs incurred by OWNER to third party consultants including, without limiting the generality of the foregoing, any ENGINEER in administering the construction of the Project beyond the Substantial Completion date as specified in the Contract or beyond an approved extension of time granted to CONTRACTOR, whichever date is later. Article 3. THE CONTRACT SUM: The COUNTY will pay the CONTRACTOR for performance of the Contract, subject to additions and deductions provided therein, in current funds as follows: Numerical Amount $ 206,772.50 Written Amount Two Hundred Six Thousand, Seven Hundred Seventy Two Dollars and Fifty Cents Article 4. PAYMENT AND RETAINAGE: Progress payments on the Contract amount for the value of work completed and component material on site will be made upon request at not less than monthly intervals. The request must be made through the ENGINEER on an approved estimate showing the component breakdown of the work for each item completed at the time of the request. Except as may be modified herein, ten percent (10%) of all amounts earned will be retained by the COUNTY until final completion and acceptance of the Contact. CONTRACTOR shall allow adequate processing time for County Commission final acceptance and approval for final payment. The CONTRACTOR shall make the following certification (Affidavit) on each Request for Payment: "I hereby certify that the labor and materials listed on this Request for Payment have been used in the construction of this Work and payment received from the last request for payment has been used to make payments to all subcontractors, laborers, material, men and suppliers except as listed below: Notice of Non -Payment. If one or more "Notice of Non -Payment" or "Notice to OWNER" is received by the OWNER, no further payments will be approved until non-payment(s) have been satisfied and a "Lien Waiver" for each "Notice" has been submitted to the OWNER. Upon request, CONTRACTOR shall furnish acceptable evidence that all such claims have been satisfied. The CONTRACTOR may, with consent of Surety and indemnification of the COUNTY against any claims, receive payment for