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THIRD: The apprenticeship labor hours required for this project are 15% of the total labor hours. <br /> The undersigned agrees to utilize this level of apprentice participation. Voluntary workforce <br /> diversity goals for this apprentice participation are identified in the Instructions to Bidders and <br /> Supplemental Conditions. <br /> FOURTH: In consideration of the Performance of the Work, herein contained on the part of the <br /> ESCO, the Owner hereby agrees to pay the ESCO for said work completed according to the <br /> Contract Documents,for not more than the sum of$1,476,474.00,plus 9.2% state sales tax <br /> consisting of the following: <br /> ESCO Contract Cost $1,476,474.00 • <br /> The ESCO shall bond this contract at 100% of the construction contract cost,plus Washington <br /> State sales tax,per Section 2.04 of the General Conditions for Washington State Energy Savings <br /> Performance Contracting. The construction value plus contingency is a guaranteed maximum• <br /> not-to-exceed cost and final payment to the ESCO shall be reconciled to reflect the actual <br /> installed cost provided it does not exceed the guaranteed maximum cost. <br /> FIFTH: ESCO payments to subcontractors and materialmen shall not be contingent upon the <br /> ESCO receiving payment from the Owner. Unless otherwise agreed upon,payment to the ESCO <br /> shall be made only after completion of the energy efficiency measure(s) and the ESCO has <br /> issued a Notice of Commencement of Energy Savings and the Owner has accepted such Notice. <br /> IN WITNESS WHEREOF: The said Department of Enterprise Services,Engineering& <br /> Architectural Services,has caused this ESCO Construction Contract to be subscribed in its <br /> behalf, and the said ESCO has signed this ESCO Construction Contract the day and year first <br /> above written. <br /> ESCO: Owner: <br /> Ameresco, Inc. City of Everett <br /> acting through the <br /> Dept. of Enterprise Services,Facilities Division <br /> Engineering &Architectural Services <br /> By By <br /> Name Name William J. Frare, P.E. <br /> Title Title Public Works Administrator <br /> Date Date <br /> WA State Contractor's License No. AMEREI*004PZ • <br /> Federal Tax 1D No. 04-3512838 <br /> UBI Number 602 062 980 <br /> MWBE Certification No. <br /> • <br /> 2011126Jcontg <br /> ESCO Construction Contract No.2014-087 G(1-1) Page 2 of 3 <br />