My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
04-12-21-R
ArdenHills
>
Administration
>
City Council
>
City Council Packets
>
2020-2029
>
2021
>
04-12-21-R
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/8/2021 2:52:22 PM
Creation date
4/8/2021 2:45:26 PM
Metadata
Fields
Template:
General
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
402
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
AGREEMENT BETWEEN OWNER AND CONTRACTOR FOR <br />CONSTUCTION CONTRACT <br />Karth Lake Runoff Control <br />City Project PW-20-0111 28 <br />3.03 Liquidated Damages: Contractor and Owner recognize that time is of the essence as stated above <br />and that Owner will suffer financial and other losses if the Work is not completed and Milestones not <br />achieved within the times specified in Paragraph 3.01 abov e, plus any extensions thereof allowed in <br />accordance with the Contract. The parties also recognize that delays, expense, and difficulties <br />involved in proving in a legal or arbitration proceeding the actual loss suffered by Owner if the Work <br />is not completed on time. Accordingly, instead of requiring any such proof, Owner and Contractor <br />agree that as liquidated damages for delay, but not as a penalty; <br />A.Substantial Completion: Contractor shall pay Owner $200.00 for each day that expires after the <br />time specified in Paragraph 3.01 above for Substantial Completion until the Work is substantially <br />complete, as duly adjusted pursuant to the Contract. <br />B.Completion of Remaining Work: After Substantial Completion, if Contractor shall neglect, refuse, <br />or fail to complete the remaining Work within the Contract Time for completion and readiness for <br />final payment, as duly adjusted pursuant to the Contract, Contractor shall pay Owner $300.00 for <br />each day that expires after such time until the Work is completed and ready for final payment. <br />C.Liquidated damages for failing to timely attain Substantial Completion and final completion are <br />not additive and will not be imposed concurrently. <br />ARTICLE 4 – CONTRACT PRICES <br />4.01 <br />4.02 <br />4.03 <br />4.04 <br />The Owner shall pay the Contractor for the performance of this Agreement according to the schedule <br />of approximate quantities and unit prices as set out in the Contract Documents submitted by the <br />Contractor on March 31, 2021, the aggregate of which is estimated to be $125.273.50. <br />The Contract shall include all items as provided on the Proposal Form. <br />Payment is based an amount equal to the sum of the extended prices, established for each separately <br />identified item of Unit Price Work by multiplying the unit price times the actual quantity of that item <br />completed and accepted by the Engineer. <br />The extended prices for Unit Price Work set forth as of the Effective Date of the Contract are based <br />on estimated quantities. As provided in Paragraph 13.03 of the General Conditions, estimated <br />quantities are not guaranteed, and determination of actual quantities and classifications are to be <br />made by the Engineer. <br />ARTICLE 5 – PAYMENT PROCEDURES <br />5.01 Progress Payments: Owner shall make progress payments on account of the Contract Price on the <br />basis of Contractor’s Applications for Payment on or about the 10th day of each month during <br />performance of the Work as provided in Paragraph 5.02 below, provided that such Applications for <br />Payment have been submitted in a timely manner and otherwise meet the requirements of the <br />Contract. All such payments will be measured by the Schedule of Values established as provided in <br />the General Conditions (and in the case of Unit Price Work based on the number of units completed) <br />or, in the event there is no Schedule of Values, as provided elsewhere in the Contract. <br />5.02 Retainage: Prior to Substantial Completion, progress payments will be made in an amount equal to <br />the percentage indicated below but, in each case, less the aggregate of payments previously made <br />and less such amounts as Owner may withhold, including but not limited to liquidated damages, in <br />accordance with the Contract. <br />A.Ninety five (95) percent of Work completed (with the balance being retainage). If the Work has <br />been 50 percent completed as determined by E ngineer, and if the character and progress of the <br />Work has been satisfactory to Owner and Engineer, then as long as the character and progress <br />of the Work remain satisfactory to Owner and Engineer, there will be no additional retainage; and
The URL can be used to link to this page
Your browser does not support the video tag.