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917 Progressive Contrac/SR46 C,/,3 N- SECTION 00520 AGREEMENT FORM PART 1 GENERAL THIS AGREEMENT, made this/_~ay of-~//~.,~ c,~(,)*'~ by and between 1.01 City of Sanford, hereinafter called the Owner, and Pro~e Contractors, Inc. doing business as a Corporation, and hereinafter called the Contractor. 1.02 The Owner and Contractor agree as follows: A. Contract Documents The Contract Documents consist of this Agreement; all items listed in the index to the Project Manual; the Drawings as listed in the Project Manual; the Florida Department of Transportation Standard Specifications for Road and Bridge Construction - latest non-metric edition, as incorporated by the Project Manual; all Addenda issued prior to and all Change Orders issued after execution of this Agreement. These form the Contract and all are as fully a part of the Contract as if attached to this Agreement or repeated herein. B. Scope of Work / The Contractor shall perform all work required by the Contract Documents for the construction of the SR 46 Phase II Water Main Extension (IFB 01/02-05). C. Contract Time ' The Contractor shall begin work within 10 days after the issuance of a written Notice to Proceed and shall complete substantially complete the work within 210 calendar days from the date of the Notice to Proceed. The work shall be finally complete~ ready for Final Payment in accordance with the General Conditions, within 30 , .--: i calendar days from the actual date of substantial completion. , tn .. D. Liquidated Damages OWNER and CONTRACTOR recognize that time is of the essence of this Agreement and that OWN ER will suffer financial loss if the Work is not substantially complete within the time specified in Paragraph C above, plus any extensions thereof allowed in accordance with the General Conditions. They also recognize the delays, expense and difficulties involved in proving in a legal arbitration proceeding the actual loss suffered by OWNER if the Work is not substantially complete on time. Accordingly, instead of requiring any such proof, OWNER and CONTRACTOR agree that as liquidated damages for delay (but not as a penalty) CONTRACTOR shall pay OWNER $1000 for each calendar day that expires after the time specified in Paragraph C for substantial completion until the work is substantially complete. It is agreed that if this Work is not Finally completed in accordance with the Contract Documents, the CONTRACTOR shall pay the 00520-1 REVISED PER ADDENDUM NO. 1 )- 'ON ~EION~(:]OV B:qd GgSIA~B ~'0~g00 009~BOBIIOgdS OWNER: Anthony VanDerworp - City Manager Printed Name and Title Janet R. DoughertV, CMC - City Clerk Printed Name and Title END OF SECTION SPEcuso81soo 00520-3 REVISED PER ADDENDUM NO. 1