pf_02736 - Laserfiche WebLink

Home

agree that as liquidated damages for delay (but not as a penalty) CONTRACTOR shall pay OWNER fifty dollars ($50.00) for each day that expires after the time specified in paragraph 3.1 for substantial Completion until the Work is substantially complete. After Substantial Completion if CONTRACTOR shall neglect, refuse or fail to complete the remaining Work within the time specified in Paragraph 3.1 for completion and readiness for final payment or any proper extension thereof granted by OWNER, CONTRACTOR shall pay OWNER fifty dollars ( $50.00 ) for each day that expires after the time specified in paragraph 3.1 for completion and readiness for final payment. Article 4. CONTRACT PRICE OWNER shall pay CONTRACTOR for completion of the Work in accordance with the Contract Documents an amount in current funds equal to the sum of the amounts determined pursuant to Paragraphs 4.1 and 4.2 below: 4.1 for all Work other than unit Price Work, a Lump Sum of: Zero ($ 0.00 Figures ) (Use Words) All specific cash allowances are included in the above price and have been computed in accordance with Paragraph 11.8 of the General Conditions: plus 4.2 for all Unit Price Work, an amount equal to the sum of the established unit price for each separately identified item of unit Price Work times the estimated quantity of that item as indicated in Section 0300 - Bid Form. As provided in paragraph 11.9 of the General Conditions estimated quantities are not guaranteed, and determinations of actual quantities and classification are to be made by ENGINEER as provided in Paragraph 9.10 of the General Conditions. unit prices have been computed as provided in Paragraph 11.9.2 of the General Conditions. Article 5. PAYMENT PROCEDURES CONTRACTOR shall subm~t Applications for Payment in accordance with Article 14 of the General Conditions. Applications for Payment will be processed by ENGINEER as provided in the General Conditions. 0400-2 I I I I I I I I I I I I I I I I I Ie I