O-2004-2756 - Laserfiche WebLink

Browse Search

LaPorteCanadaRoad5-28-04a accordance with the approved drawings and specifications in the manner similar to that of other like City projects. 4. Upon receipt and tabulation of the bids for the Project, City will determine the lowest responsible bidder for the construction of the Project. The City shall then estimate the projected Road Costs and the City Improvement Costs. In the event the estimated Road Costs are equal to or less than the sum of $3,743,644 and the City Improvements Costs are equal to or less than the sum of 893,431, the City shall notify the County of the estimated Road Costs. The County will transmit to the City within thirty (30) days of such notification, its check made payable to the City in an amount equal to the lesser of (a) 50% ofthe estimated Road Costs or (b) $1,871,822. 5. In the event the estimated Road Costs are equal to or greater than the sum of $3,743,644 or the City Improvements Costs are equal to or greater than the sum of 893,431, City shall have the following options: a. City may elect to attempt to pay the additional costs of the Project. In such case, the City shall notify the County of the City's estimates of the Road Costs. The County will transmit to the City within thirty (30) days of such notification, its check made payable to the City in an amount equal to the lesser of (a) 50% of the estimated Road Costs or (b) $1,871,822. b. City may reject all bids and elect not to proceed with the letting of the contract and terminate this agreement as provided below. c. City may reject all bids and re-advertise for bids for construction of the Project in accordance with the approved drawings and specifications in the same manner as before and under the same conditions. d. Attempt to negotiate an amendment to this Agreement to provide for payment of the additional costs, and if such an amendment is obtained, proceed under its terms. If the parties fail to agree to an amendment to this Agreement, then and in that event the City may proceed under one of the other three options. 7. Within thirty (30) days after the receipt of funds from the County pursuant to Section 5 or 6 above, the City shall award the contract to the responsible bidder who submits the lowest and best bid, in accordance with the usual and customary procedures of the City. It is expressly agreed and understood that the City reserves the right to reject all bids. In such event, the City, in its discretion, may either re-advertise for bids pursuant to the same understanding with regard to rejection of bids or terminate this agreement as hereinafter provided. The City's determination of the responsible bidder who submits the lowest and best bid for the Project shall be final and conclusive. 8. The City shall be responsible for administering the construction contract. During the construction of the Project, the County shall have the right of access to the construction site and shall have the right to review all documents, maps, plats, records, photographs, reports or drawings affecting said construction, provided, however, each shall give notice by telephone to the City prior