Laserfiche WebLink
1 <br /> City of Everett 00 72 00 - 40 <br /> 2. Rented equipment is provided fueled,operated and maintained by the firm. Operators of rented <br /> equipment are supervised directly by the finn's representative. There is a little interaction <br /> between the Contractor and the employees of the firm. <br /> 3. The firm appears to be holding the risk of performance and quality of the Work. <br /> 4. The firm appears to be responsible for liability arising from the Work. <br /> Markups on Work Performed by Subcontractor(s): <br /> On amounts paid for Work performed <br /> by each Subcontractor on each <br /> Force Account and calculated Up to$25,0000 12% <br /> through 9.6.1-4 <br /> On amounts greater than $25,000 up to$100,000 10% <br /> On amounts greater than $100,000 7% <br /> The amounts and markup rates shall be calculated separately for each Subcontractor on each Force ' <br /> Account item established. <br /> The payments provided above shall be full payment for all Work done on a Force Account basis. The <br /> calculated payment shall cover all expenses of every nature,kind and description,including those listed <br /> above and any others incurred on the Work being paid through Force Account. Nothing in this provision <br /> shall preclude the Contractor from seeking an extension of time or time-related damages to unchanged <br /> Work arising as a result of Force Account Work. The amount and costs of any work to be paid by Force <br /> Account shall be computed by the Owner's Representative and the result shall be fmal as provided in 3.2 <br /> OWNER'S REPRESENTATIVE. <br /> An item that has been bid at a unit price or lump sum in the Bid will not be paid as Force Account unless <br /> a change,as defined in ARTICLE 6.CHANGES,has occurred and the provisions require a payment <br /> adjustment. Items which are included in the Bid as Force Account or which are added by change order as <br /> Force Account may, by agreement of the parties at any time,be converted to agreed unit prices or lump <br /> sums applicable to the remaining Work. <br /> 9.7. RETAINAGE <br /> Pursuant to RCW Chap. 60.28,a sum of five percent(5%)of the monies earned by the Contractor will be ' <br /> retained from progress estimates. In addition to protecting the interests of those identified in RCW Chap. <br /> 60.28,such retainage shall be used as a trust fund for the protection of the Owner. <br /> At the option of the Contractor;monies retained under the provisions of RCW 60.28 shall be: <br /> 1. Retained in a fund by the Owner,or <br /> 2. Deposited by the Owner in an escrow(interest-bearing)account in a bank, mutual saving bank,or <br /> savings and loan association(interest on monies so retained shall be paid to the Contractor). <br /> Deposits are to be in the name of the Owner and may not be withdrawn without the Owner's <br /> written authorization. The Owner will issue a check representing the sum of the monies reserved, <br /> payable to the bank or trust company. Such check shall be converted into bonds and securities <br /> chosen by the Contractor as the interest accrues. Bank and Contractor will execute an escrow <br /> agreement in the form provided by Owner. <br /> 3. Released after submission of fully executed retainage bond in the form provided by Owner. <br /> The Contractor shall designate the option desired at the time the Contract is executed. If the Contractor <br /> chooses option 2 (deposit in escrow account),Contractor agrees to assume full responsibility to pay all <br /> costs that may accrue from escrow services,brokerage charges or both,and further agrees to assume all <br /> 00 72 00 - 40 GENERAL CONDITIONS <br />