O-1992-1845 - Laserfiche WebLink

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J'1 ~.J n ( 1 r ~ JJ -m U: . . a J] -. as .."Dc lJ ~fI u .U u L [ UC r -- ~ e e EJ CDC STANDARD FORM OF AGREEMENT BETWEEN OWNER AND CONTRACTOR ON THE BASIS OF A STIPULATED PRICE in the THIS AGREEMENT is daled as of the davof year 19 ~~ by and between ~I'/ a" ~~'" ~c-=i-<:' (hereinafter called OWNER) and (hereinafler called CONTRACTOR). OWNER and CONTRACTOR. in consideration of the mutual covenants hereinafter set fonh: agrc:e as follows: Article 1. WORK. , - CONTRACTOR shall complete all Work as specified or indicated in the Contract Documenls. The Work is generally described as follows: CITY-WIDE PAVING PROJECT The Project for which the Work under the Contract Documents may be the whole or only a pan is generally described as follows: Article 2. ENGINEER. The Project has been designed by WILL.IAM T. ~~ING, P.E. who is hereinafter called ENGINEER and who is to act as OWNER's representative, assume all duties and responsibilities and have the rights and authority assigned to ENGINEER in the Contract Documents in connection with completion of the Work in accordance wilh the Contract Documents. Article 3. CONTR."\CT TIME. .- c. c: ... ::D c:. ... c: c. u :e ~ ~ 3.1. The Work will be substantially completed on or before . 19_. and completed and ready for final payment in accordance with paragraph 14.13 of the General Conditions on or before . 19 _, 3.1. The Work will be substantially completed within days from the dale when the Contract Time commences to run as provided in paragraph 2.3 of the General Conditions. and completed and ready for final paymenl in accordance with paragraph 14.13 of the General Conditions within days from the date when the Contract Time commences to run. u ~ ::;; 3.2. Liquidaud Damages. OWNER and CONTRACTOR recognize that time is of the essence of this Agreement and that OWNER will suffer financial loss if the Work is not completed within the times specified in paragraph 3.1 above. plus any extensions thereof allowed in accordance with .'\nicle 12 of the General Conditions. They also recognize the delays. expense and difficulties involved in proving in a legal or arbitration proceeding the actual loss suffered by OWNER if the Work is not compleled on time. Accordingly. instead of requiring any such proof. OWNER and CONTR.'\CTOR agree that as liquidated damages for delay (but not as a penalty) CONTRACTOR shall pay OWNER FIVE HUNDRED DOLLARS dollars ($ 500.00 ) for each day that expires afler the time specified in par.ll!raph ~. 1 for Substantial Completion until the Work is substantially complete. Afler Substanlial Completion if CONTR..~CTOR shall neglect. refuse or fail \0 complele Ihe remaining Work wilhin the ConlrdC\ Time or any proper exten~ion thereof granled by