Resolution 3399 - Laserfiche WebLink

it is agreed that the work covered by this contract shall be completed in all respects within 0.:70 calendar days from the date of Notice to Proceed. It is further agreed that the City will suffer damage and be put to additional expense in the event that the Contractor shall not have the work completed in all respects and ready for use prior to the completion date stated. Said damages are liquidated in the amount of $500 per day for each consecutive calendar day of delay in reaching substantial completion after the scheduled date for substantial completion. It is hereby agreed that damages for Contractor delay shall be deducted from payment due the Contractor. It is further agreed that the amount of this contract is $ 1,2ci SCOW and is based on proposal submitted by the Contractor dated c-1-0 2- Lit# mcv) . The Contractor shall be paid such amount (less any damage offsets pursuant to the preceding paragraph, but including any additional charges for change orders consented to by the City consistent with the terms of the Construction Documents, and less a deduction of five percent (5%) which shall be withheld in compliance with Chapter 60.28 RCW) only upon completion of the Facility to the satisfaction of the City, as prescribed by the Construction Documents. Said payment shall be made not by the City but will be made instead by the assignee of the Lease, the Facility and the Ground Lease, in accordance with the Lease-Financing Documents. The City is under no obligation to advance sums towards construction of the Facility, nor is the City liable for payment of costs of construction. The City will pay lease rental to the lessor under the Lease or its assignee of • the Contractor's interests in the Lease, Facility and Ground Lease. The Contractor is responsible for obtaining interim construction financing for the Facility. Contractor has obtained a commitment for such interim financing from C M C3A N4kf., , and such financing entity has, prior to issuing such financing commitment, received copies of the Lease-Financing Documents from Contractor. The Contractor agrees to comply with all state and federal laws relating to the employment of labor and wage rates to be paid. The Contractor agrees to furnish insurance of the types and the amounts set forth in the Contract Documents. The Contractor agrees that he shall actively solicit the employment of minority group members. Contractor further agrees that he shall actively solicit bids for the subcontracting of goods or services from qualified minority businesses. Contractor shall furnish evidence of his compliance with these requirements of minority employment and solicitation. Contractor further agrees to consider the grant of subcontracts to said minority bidders on the basis of substantially equal proposals in the light most favorable to said minority businesses. The Contractor shall be required to submit evidence of compliance with this section. As used in this section, the term "minority business" means a business at least fifty-one percent of which is owned by minority group members. Minority group members include, but are not limited to, Blacks, women, Native Americans, and Orientals. 2