RE-BID ITB # 23-10-01 JOINT PROCUREMENT CENTRAL ISLAND

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CITY OF SUNNY ISLES BEACH CITY OF SUNNY ISLES BEACH 18070 Collins Ave. | Sunny Isles Beach, FL 33160 18070 Collins Ave. | Sunny Isles Beach, FL 33160 305.792.1707 | sibfl.net |Purchasing@sibfl.net 305.792.1707 | sibfl.net | Purchasing@sibfl.net submit six copies of the corrected schedule at thePreconstruction Meeting for review and approval. All work must be completed within the Contract Term herein specified. 2.6 CONTRACT TERM The Substantial Completion of the Projects shall occur no later than seven hundred thirty (730) calendar days from date of issuance of all permits and notice to proceed, and Final Completion shall occur no later than six hundred seventy (670) calendar days from date of issuance of all permits and notice(s) to proceed. Time is of the essence. For the purpose of this project, Final Completion shall be defined at that point after which the Director of NMB Water/City engineer or their representative, have made and approved the Final Inspection and the Punch List has been completed, and all deliverables have been provided to the City. 2.7 LIQUIDATED DAMAGES Failure to complete all the work within the time specified above, including any extension granted in writing by the City, shall obligate the Contractor to pay the City, as liquidated damages and not as a penalty, an amount equal to Two-Thousand Dollars ($2,000) for each calendar day of delay in the completion of all the work. If any liquidated damages are unpaid by the Contractor, the City shall be entitled to deduct these unpaid liquidated damages from the monies due the Contractor. Liquidated damages are fixed and agreed upon between the Parties, recognizing the impossibility of precisely ascertaining the amount of damages that will be sustained by the City as a consequence of such delay and both parties desiring to obviate any question of dispute concerning the amount of damages and the cost and effect of the failure of the Contractor to complete the Work on time. Liquidated damages shall apply separately to each portion of the Work for which a time of completion is given. Delays caused by or resulting from entities, Contractors or subcontractors who are not affiliated with the Contractor shall not give rise to a claim by Contractor for damages for increase in material and/or labor costs. Such entities, Contractors and subcontractors include, but are not limited to, the City's Contractors and subcontractors, Florida Power and Light Company, AT&T, TECO Gas and Breezeline. 2.8 PRICE If a Bidder is awarded a contract under this solicitation, the price shall remain fixed and firm during the contract term. Contractor shall be responsible for mobilization and demobilization of labor, permits, materials and equipment. Payment for mobilization and demobilization will be included in the lump sum price indicated in the ITB. Pricing shall include such amounts, as Bidder deems proper, for all labor, materials, supplies, equipment, subcontractors, insurance, bonds, overhead, profit and any other costs to provide the work as noted in this ITB. 2.9 PERFORMANCE AND PAYMENT BOND The City of Sunny Isles Beach shall require the successful Bidder to furnish a Performance Bond and Payment Bond in the amount of 100% of the contract price, with the City of Sunny Isles Beach as the Obligee, as security for the faithful performance of the Contract and for the payment of all persons performing labor or furnishing materials in connection herewith within ten (10) calendar days after issuance of the Notice of Award by the City. The Performance and Payment Bond shall continue in effect through the contract term. The bonds shall be with a surety company authorized to do business in the State of Florida and having been in business with a record of successful continuous operation for at least five (5) years. Re-bid City of Sunny Isles Beach & NMB Water| Drainage Improvements & Watermain Replacement 14