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PORT OF EVERETT SECTION 00�00 <br /> 12T" STREET M:1RIivA— VOLU�4E 1: �4ARINE �t'ORI� AGREEMENT FOR�'�4 <br /> ARTICL� 3 - CONTRr1CT Tl.�i� <br /> 3.1 The Work shall be substantially complete on or before 2�0 calendar days a8er the Notice to <br /> Proceed date. Final completion shall be on or before 3� calendar days after substantial <br /> completion. <br /> 3.2 Liquidated Damaees: PORT and CONTRACTOP. recoaiize thzt time is of the essence of <br /> this Agreement and diat PORT «�iil suffer finaucial loss if the R%ork is not completed <br /> within the times specified in paragraph 3.1 above, plus an}�estensions themof allo�yed in <br /> accordance with Article 12 of the General Conditions. 71iey also recoenize the delays, <br /> expense and difticulties im�ol��ed in provin� in a legal or arbitration proceedin� the actual <br /> loss suffered by PORT if the �'ork is not completed on time. Accordin�ly, instead of <br /> requiring any such proof, POR't and CONTRr1CTOR a;ree that as liynidated damages for <br /> deiay(but not as a pe��alty) CONTR4C'I'OR shall pay PORT One Thousand Dallars <br /> (S 1,000.00) for each dav th�t expires after the time specificd in para�raph 3.1. <br /> ARTICL� 4 - CONTItACT PR[CE <br /> 4.1 PORT shall pay CONTRACTOR for completion of the Work in accordance with the <br /> Contract Documents in current fmids as follows: <br /> Total Contrnct Pricc (� ) <br /> � ' I <br /> (Attach Bid Fomi) <br /> ARTICLE � - PAYI�II:N'C PROCEDtiR�S <br /> CONTRACTOR shall submit Applications for Payment in accordance «•ith Article 12 of the <br /> General Conditions. Applicarons for Pa�nncut �cill be processed by �,NGINEER as provided in tlie <br /> General Conditions. <br /> �.1 Pro�'ess Pa��u�nt:. PORl� shal] make progress p;ryn�ents on nccount uf the Contract Pnce <br />� on the basis of CONTItACTOR's Applications for Pa��r�ent as reconm�ended by <br /> ENGNEER, within twenty (20) working days from application for payment. All progress <br /> pa}znents will be on tl�e basis of the pro�ess of the Work as established in paracraph 12.2 <br /> of the General Conditions (and in die case of Unit Price�Vork based on the number of units <br /> completed). <br /> �.? Final Payment Upon final completion aud acceptance of the worl: in accordance with <br /> para�aph 12.10 of the General Conditions. PORT shall pay the remainder of the Contract � � <br /> Price as recommended by F�GNEER as pro��ided in said paraeraph 1?.10. <br /> 00�00-2 <br />