Reece Construction Company 2/2/2022

City of Everett 00 5213 - 1 2022 Tulalip Water Pipeline Mortar Repair UP 3774 SECTION 00 5213 - AGREEMENT FORM CONTRACT THIS CONTRACT is made and entered into this '6da of y ��(.�M��R ,��®�1, by and between the City of Everett, Washington, a municipal corporation existing under the laws of the State of Washington (the "City") and (Z E.E.Cr. ( l STkvC't too , (the "Contractor"). In consideration of the sums to bepaid to it bythe City, Contractor herebycovenants and Y, agrees to furnish all labor, tools, materials, equipment, and supplies required to build and construct and to build and construct in a workmanlike manner the work, improvements, and appurtenances in accordance with the Specifications and Drawings and all other Contract Documents entitled: "aO AAL V ", (the "Project"). ' mv(-r�,(� Re.4Aiik 1. Contract Documents. The "Contract Documents' are cefined in the General Conditions. The Contract Documents are part of this Contract and are hereby ' incorporated by reference. Terms that are capitalized in a Contract Document but not defined in that Contract Document shall have the meaning defined to them in the other Contract Documents. 2. Contract Time. Substantial Completion of the Work shall be achieved before April 29, 2021. Physical Completion shall be within Fifteen (15) calendar days after the ' actual date of issuance of Substantial Completion. 3. Liquidated Damages. The parties agree the City will suffer damage and be put to additional expense in the event that the Contractor does not complete the Work in all ' respects and have it ready for use by the Substantial and Physical Completion dates stated above. Because it is difficult to accurately compute the amount of such costs and damages, the Contractor hereby covenants and agrees to pay to the City liquidated damages for each and every calendar day (or working day, if Contract Time is described in working days) in the amounts set forth in this Section. For failure to ' achieve Substantial Completion by the Substantial Completion date stated above, the Contractor shall pay liquidated damages to the City computed at the daily rate of fifteen percent (15%) of the Contract Sum divided by the number of days of Contract Time stated above. Once Substantial Completion is achieved, for failure to achieve Physical Completion by the Physical Completion Date stated above, the Contractor shall pay liquidated damages at the daily rate of ten percent (10%) of the liquidated damages rate 111 applicable to delays to Substantial Completion. 4. Contrac Sum. The amount of this Contract is 41 D 51A 5 11.o. o ($ and is based on the proposal/bid submitted by Contractor dated (01 -O -).O .t and is inclusive of Washington state sales tax. The basis for final payment will be the actual amount of 1 00 5213 - 1 AGREEMENT FORM