Reso 2014-2264 - Laserfiche WebLink

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incurred by Contractor, should the Cite require one to be performed. 5.2 There are no reimbursable expenses associated with this Agreement. The total not to exceed amount specified in Section 5.1. above specifically includes the following maximum allowances: (i) Project permit fees not to exceed Seventeen Thousand Eight Hundred Dollars (517.800.00). (ii) performance and payment bonding fees at 2.5% of the total contract price in an not to exceed Twenty Six Thousand One Hundred Seventeen Dollars and Ninety Cents (S26,117.90), (iii) Project labor and material contingency fees not to exceed Seventy Nine Thousand Eight Hundred Thirty Five Dollars (579.835.00): and (iv) Eighty One Thousand Six Hundred Eleven Dollars and Forty One Cents (581,611.41). 5.3 Contractor may make Application for Payment for Services completed during the Project at intervals of not more than once a month. Contractor's Application for Payment shall include partial release(s) of liens or consent of Surety relative to the portion of the Services, which is the subject of the Application for Payment and any other information required by the City. Each Application for Payment shall be submitted in triplicate to the City for approval. 5.4 Ten percent (10 %) of all monies earned by Contractor shall be retained by the City up to Ninety (90) days after Final Completion, receipt of closeout documents, and acceptance by the Citv. Any reduction in retainage shall be in accordance with Section 255.078 Florida Statutes. Any interest earned on retainage shall accrue to the benefit of the City. All requests for retainage reduction shall be in writing in a separate stand alone document. 5.5 The City may withhold, in whole or in part, payment to such extent as may be necessary to protect itself from loss on account of: 5.5.1 Defective Work not remedied by Contractor. 5.5.2 Claims filed or reasonable evidence indicating probable filing of claims by other parties against Contractor or the City because of Contractor's performance. 5.5.3 Failure of Contractor to make payments properly to Sub - Contractors or for material or labor. 5.5.4 Liquidated damages and costs incurred by the City_ for extended Project administration. 5.5.5 Failure of Contractor to comply with any other provision(s) of this Agreement. 5.6 Upon receipt of written notice from Contractor that the Project is ready for final inspection and acceptance, the City will make an inspection thereof. The City shall have up to the maximum ninety (90) day period specified in Section 5.4 above to hold the 10% retainage. I£ after the completion of this retainage period, the City finds the Services acceptable, and the requirements of the Contract Documents fully satisfied, a Final Certificate for Payment will be issued by the City, releasing the 10% retainage to the Contractor. 5.7 Before issuance of the Final Certificate for Payment. Contractor shall deliver to the City a complete release of all liens arising out of this Agreement, or receipts in full in lieu thereof. an affidavit certifying that all suppliers and Sub - Contractors have been paid in full and that all other indebtedness connected with the Project has been paid, and a consent of the surety to final r; 6