Reso 2016-2555 - Laserfiche WebLink

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Work as used herein refers to all services required by the Contract Documents, including all labor, materials, equipment, supervision and services needed to complete the Project in accordance with the Contract Documents. ARTICLE 1. SCOPE OF WORK Contractor shall provide all labor, materials, equipment, tools, manpower, management, supervision, and all other necessary goods and services to perform the Work in the manner provided by this Agreement and the Contract Documents. ARTICLE 2. CONTRACT TIME, TIME FOR COMPLETION AND LIQUIDATED DAMAGES 2.1 The Commencement Date shall be no later than five (5) days after City's issuance of the Notice to Proceed. Contractor shall perform the Work in accordance with the Contract Documents and shall achieve Substantial Completion of the Project no later than Ninety (90) calendar days from the issuance of the Notice to Proceed. Thereafter, Contractor shall be required to obtain Final Completion of the Project no later than Thirty(30)calendar days from the date of the City's Punch List to Contractor. - 2.2 Contractor shall complete all applications for the Permits, and submit all required documents, including but not limited to the Bonds and the Insurance Certificate, within ten (10) calendar days after issuance of a Notice to Proceed by the City. In the event Contractor fails to deliver to the City the required documents within ten (10) days after issuance of a Notice to Proceed, or fails to apply for the Permits within ten (10) days after issuance of a Notice to Proceed, or fails to commence the Work within five (5) days after issuance of a Notice to Proceed, then Contractor shall be in default. In such event the City, in addition to all remedies provided for an event of Contractor's default hereunder, shall have the right to collect from Contractor all expenses incurred by the City in the re-procurement of the Work in connection with ITB No. 16-04-01. 2.3 Upon failure of Contractor to achieve Final Completion of the Work by the Time for Final Completion, plus approved time extensions (if applicable), Contractor shall pay to the City the sum of One Thousand Seven Hundred Forty Two (S1,742.00) for each calendar day after the Time for Completion plus any approved time extensions (if applicable). This amount is not penalties but are liquidated damages to the City for its inability to obtain beneficial occupancy and/or use of the Project. Liquidated damages are hereby 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 said damages and the cost and effect of the failure of Contractor to complete the Work on time. 2.4 The City is authorized to deduct liquidated damages from monies due to Contractor for Work under this Agreement or as much thereof as the City may, in its sole discretion, deem just and reasonable. C5966-1516-082 SOUTHERN UNDERGROUND INDUSTRIES,INC. 4 S I