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(08-10-01) Streetscape Improvements
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Last modified
4/12/2011 4:33:06 PM
Creation date
4/12/2011 4:32:38 PM
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CityClerk-Bids_RFP_RFQ
Project Name
Streetscape Improvements
Bid No. (xx-xx-xx)
08-10-01
Project Type (Bid, RFP, RFQ)
Bid
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<br />5.43.8.3.Any part of Contractor's capital expenses, including interest on Contractor's capital <br />employed for the Work and charges against Contractor for delinquent payments. <br /> <br />5.43.8.4. Cost of premiums for all bonds and for all insurance policies whether or not Contractor <br />is required by the Contract Documents to purchase and maintain the same (except as otherwise <br />provided this document. <br /> <br />5.43.8.5.Costs due to the negligence of Contractor, any Sub-Contractor, or anyone directly or <br />indirectly employed by any of them for whose acts any of them may be liable, including but not <br />limited to, the correction of defective work, disposal of materials or equipment wrongly supplied <br />and making good any damage to property. <br /> <br />5.43.8.6. Other overhead or general expense costs of any kind and the costs of any item not <br />specifically and expressly included in this section. <br /> <br />5.43.8.7. The Contractor's fee which shall be allowed to Contractor for their overhead and <br />profit shall be determined as follows: <br /> <br />a) A mutually acceptable firm fixed price; or if none can be agreed upon. <br /> <br />b} A mutually acceptable fixed fee based on the estimate of the various portions of the <br />cost of the Work. <br /> <br />5.43.8.8. The amount of credit to be allowed by Contractor to City for any such change which <br />results in a net decrease in cost, will be the amount of the actual net decrease. When both <br />additions and credits are involved in anyone change, the net shall be computed to include <br />overhead and profit, identified separately, for both additions and credit, provided however, the <br />Contractor shall not be entitled to claim lost profits for any Work not performed. <br /> <br />5.43.8.9. Whenever cost of any Work is to be determined pursuant to this document, Contractor <br />will submit in form prescribed by City an itemized cost breakdown together with supporting data. <br /> <br />5.44. Contingency Allowance: The Contractor agrees that the Contingency Allowance, if any, is for <br />the sole use of City to cover unanticipated costs. Prior to final payment, an appropriate Change Order <br />will be issued as recommended by Consultant to reflect actual amounts due Contractor on account of <br />Work covered by allowances, and the Contract Price shall be correspondingly adjusted. <br /> <br />5.45. Unit Price Work: Where the Contract Documents provide that all or part of the Work is to be <br />Unit Price Work, initially the Contract Price will be deemed to include for all Unit Price Work an amount <br />equal to the sum of the unit price for each separately identified item of Unit Price Work times the <br />estimated quantity of each item indicated in the Agreement. <br /> <br />5.45.1 The estimated quantities of Unit Price Work are not guaranteed and are solely for the purpose of <br />comparison of Bids and determining an initial Contract Price. Determination of the actual <br />quantities and classifications of Unit Price Work performed by the Contractor will be made by the <br />City and its Consultant. <br /> <br />5.45.2 Each unit price will be deemed to include an amount considered by Contractor to be adequate to <br />cover Contractor's overhead and profit for each separately identified item. <br /> <br />5.45.3 City or Contractor may make a claim for an adjustment in the Contract Price in accordance with <br />the section if: <br /> <br />PAGE 28 OF 130 <br />BID No. 08-10-01 <br />
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