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light, cooling and all other utilities as required by this Contract. The Work to be performed by the Contractor is generally described as follows: :The Work to be:<perfrmed:under this Contract-includes, but is not :limited-:to,-the • .. buildout of the Gateway Park Center, located at 151 Sunny Isles Boulevard, Sunny Isles Beach, Florida, to create a Community Center consisting of the following amenities: office space, reception area, multi-purpose rooms to accommodate meetings, banquets and an indoor stage, a catering kitchen, concession area, and storage area totaling approximately 17,039 square feet, together with associated furniture and fixtures, as shown and specified in the Bid Documents. 2.2 The Contractor shall perform all of the Work required, implied or reasonably inferable from, this Contract. The Contractor agrees to comply with the City of Sunny isles Beach permitting requirements, including all licensing requirements associated with the Building Department. artment. The Contractor shall perform all of the Work required, implied or reasonably inferable from, this Contract. 2.7 Unless expressly permitted or allowed by the Contract Documents, substitutions of materials, articles, systems, equipment, or other components of the Work will not be considered. Where substitutions are expressly permitted or allowed by the Contract Documents, the Contractor must demonstrate to both the Engineer/Architect and the City that a proposed substitution is equal in substance, quality and function to the material, article, or piece of equipment identified in the Contract Documents. The City shall have no obligation to accept a proposed substitution and no substitution shall be allowed without the prior written approval from both the Engineer/Architect and the City. If the substitution results in a savings to the Contractor, the City shall be entitled to a credit for the amount saved as a result of the substitution. ARTICLE III CONTRACT TIME 3.1 Time and Liquidated Damages 3.1.1 The City shall notify the Contractor in writing of the date on which the Work shall • begin ("the Notice to Proceed Date"). The Contractor shall commence site activities on the Notice to Proceed Date, and the Work shall be carried on regularly and without interruption. The Contractor shall achieve Substantial Completion of the Work no later than Three Hundred Five (305) calendar days after the Notice to Proceed Date. The number of calendar days from the Notice to Proceed Date, through the date set forth for Substantial Completion, shall constitute the "Contract Time." The Contractor shall furthermore achieve Final Completion of the Work no later than Thirty (30) Days after the date of Substantial Completion. 3.1.2 The Contractor shall pay the City the sum of TWO HUNDRED FIFTY Dollars ($250.00) per day for each and every calendar day of unexcused delay in achieving Substantial Completion beyond the date set forth herein for Final Completion of the Work. Any sums due and payable hereunder by the Contractor shall be payable, not as a penalty, but as liquidated damages representing an estimate of delay damages likely to be sustained by the City, estimated at or before the time of executing this Contract. When the City 5