IO Environmental and Infrastructure Inc Smith Street Cleanup and Fill Project

I City of Everett 3600 Smith Street Clean Up Addendum No. 2 I EMI 11616111 I EVERETT WASHINGTON I ADDENDUM NO.2 TO 3600 SMITH STREET CLEAN UP I July 17, 2019 INOTICE TO BIDDERS Addendum No. 2 contains the following revisions, additions, deletions and classifications and is I hereby made a part of the contract documents for the above named Project and shall be considered by all prospective bidders in submitting bids. IThis Addendum No.2 consist of 1 pages, including all revisions, attachments. SPECIFICATIONS, PROPOSAL AND CONTRACT DOCUMENTS I f am working on pulling a bid bond on the above referenced project and I wanted to verify the potential liquidated damages outlined in the specs. Based on the wording in the attached, and using the engineer's estimate of the contract sum, the daily rate charged would be$2,956/day for 1 day over yet I the daily rate would jump to$5,912/day for 2 days over bringing the total charge to$11,824 and exponentially growing with any additional days over. Can you verify that this is the intention of the wording? IContract language: Contractor shall pay liquidated damages to the City computed at the daily rate of fifteen I percent (15%) of the Contract Sum multiplied by the number of days that it took the Contractor to achieve Substantial Completion that exceeded Contract Time divided by the number of days of Contract Time stated above. I DELETE"the daily rate of" I All other requirements of the plans and specifications remain in effect. END OF ADDENDUM NO.2 I I ' -ceipt • ' s s pndum 2 Acknowledged IO :niron e tal and Infrastructure,Inc. ISI illil ' Bra', Coury, , _ ' ' Page 1 of 1 111 rovided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scal