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HomeMy WebLinkAbout12- Williams Plumbing Agreement for Swim Center Heater Replacement Project AGREEMENT FORM THIS AGREEMENT is dated as of the 134" day of bra in the year 2012, by and between CITY OF BOZEMAN, hereinafter called OWNER, and SUILLIA hereinafter called CONTRACTOR. OWNER AND CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, agree as follows: Article 1. WORK. CONTRACTOR shall complete all Work as specified or indicated in the Contract Documents. The project work is generally described as follows: Replacement of existing mains pool heaters with selective demolition of piping elements; installation of a new pool heating system, piping, and related elements. The project for which the Work under the Contract Documents may be the whole or only a part is generally described as follows: Ci of Bozeman Swim Center Heater Replacement Project. Article 2. CONTRACT TIME. 2.1 The Work will be completed within 21 days after the date when the contract time commences to run as provided in the General Conditions. Final payment will be withheld until final completion and acceptance of the Work, as stipulated in this Agreement. 2.2 Liquidated Damages. OWNER and CONTRACTOR recognize that time is of the essence in this Agreement and that OWNER will suffer financial loss if the Work is not substantially complete within the time specified 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 or 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 Iiquidated damages for delay(but not as a penalty) CONTRACTOR shall pay OWNER two hundred dollars (S 200.00) for each day that expires after the time specified herein until the Work is substantially complete. Article 3. CONTRACT PRICE. 3.1 OWNER shall pay CONTRACTOR for performance of the Work in accordance with the Contract Documents the sum(subject to adjustment as provided in the Contract Documents) of 5?" 1'OUl1-,mm5AN 11UluDRirk A.]WEL F'1YOollars ($fig, 325.°"_).