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LS 47-Beverly Lake Sewer Replacement Division C - CONTRACT January 30, 2025 <br />Work Order # UP3529 SP C 2 <br /> <br /> <br />4. Contract Sum. The Contract Sum of this Contract is: <br /> $2,261,323.00 <br />+ WA Sales Tax (as applicable) $223,870.98 <br />Contract Sum $2,485,193.98 <br />This is based on the proposal/bid submitted by Contractor dated April 1, 2025. A copy of such <br />proposal/bid is attached hereto. The basis for final payment will be the actual amount of work performed <br />according to the Contract Documents and payments, whether partial or final, shall be made as specified <br />therein. <br />5. Withholding. Five percent (5%) of amounts due Contractor shall be retained and withheld to comply <br />with RCW Chap. 60.28. Retained amounts shall only be released: (A) as required by law or (B) sixty (60) <br />days after completion of all contract work if there are no claims against the retained funds. In addition to <br />the amounts required by RCW 60.28 to be withheld from the progress or retained percentage payments <br />to the Contractor, the City may, in its sole discretion, withhold any amounts sufficient to pay any claim <br />against the Contractor of which the City may have knowledge and regardless of the informalities of notice <br />of such claim arising out of the performance of this Contract. The City may withhold the amount until <br />either the Contractor secures a written release from the claimant, obtains a court decision that such claim <br />is without merit, or satisfies any judgment in favor of the claimant on such claim. The City shall not be <br />liable for interest during the period the funds are so held. <br />6. Compliance with Employment and Wage Laws. Contractor agrees to comply with all state and federal <br />laws relating to the employment of labor and wage rates to be paid. <br />7. Vacant <br />8. Indemnification. <br />A. Contractor will defend, indemnify and hold harmless the City from any and all Claims arising out of or <br />relating to any acts, errors, omissions, or conduct by Contractor in connection with its performance of this <br />Contract, including without limitation (and without limiting the generality of the foregoing) all Claims <br />resulting from Contractor’s performance of, or failure to perform, its express and implied obligations <br />under the Contract. The Contractor will defend and indemnify and hold harmless the City whether a Claim <br />is asserted directly against the City, or whether a Claim is asserted indirectly against the City, e.g., a Claim <br />is asserted against someone else who then seeks contribution or indemnity from the City. The amount of <br />insurance obtained by, obtainable by, or required of the Contractor does not in any way limit the <br />Contractor’s duty to defend and indemnify the City. The City retains the right to approve Claims <br />investigation and counsel assigned to said Claim and all investigation and legal work regarding said Claim <br />shall be performed under a fiduciary relationship to the City. This Section 8 is in addition to any other <br />defense or indemnity or hold harmless obligation in the Contract Documents. <br />B. The Contractor’s obligations under this Section 8 shall not apply to Claims caused by the sole negligence <br />of the City. If (1) RCW 4.24.115 applies to a particular Claim, and (2) such Claim is caused by or results <br />from the concurrent negligence of (a) the Contractor and (b) the City, then the Contractor’s liability under <br />this Section 8 shall be only to the extent of the Contractor’s negligence.