Agmt15 Casey Constrution, Inc. - Laserfiche WebLink

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. � B. Liquidated Damaqes 1. City and Contractor recognize that time is of the essence of this Agreement and that City will suffer financial loss in the forrn of lost revenues, contract administration expenses (including project management and consultants' expenses), delay and loss of public use, if the Work is not completed within the time specified in paragraph IILA.1 above pfus any extensions thereof allowed in accordance with the Contract documents. Consistent with Document 00700 {General Conditions), Gontractor and City agree that because of the nature of the Project, it would be impracticai or extremely difficult to fix the amount of actual damages incurred by City because of a delay in completion of the Wark. 2. Accordingly, City and Contractor agree that Contractor shail pay City five hundred and No/100 dollars {$5Q0.00) for each Day that expires after the time specified in Paragraph IIi.A.1 of this Document 00520 far Contractor to achieve Substantial Completion, until such date as contracfor achieves Substantial Completion. C. Liquidated damages for delay shall only cover and be in lieu of the actual damages suffered by City as a result of delay referenced aboue. Liquidated damages shall not coverthe cost of completion of the Work,damages resulting from defective work, cost of temporary rep)acement facilities, damages suffered by others who then seek to recover their damages from City (for example, delay claims of other contractors or subcantractors), and defense costs thereof. IV. CITY'S ENGINEER AiVD REPRESENTATfVES Reserved V. CONTRACTOR'S REPRESENTATIONS AND WARRANTIES In order ta induce City to enter into this Agreernent, Contractor makes the following representations and warranties: A. Contractor has visited the Site and has examined thoroughly and understood the nature and extent of the Work, Site, locality, actual conditions, as built conditions, and all local conditions and federal, state and local laws and regulations that in any manner may affect cost, progress, performance or furnishing of Work or which retate to any aspect of the design and the means, methods, techniques, sequences or procedures of construction to be employed by Contractor and safety precautions and programs incident thereto. B. Contractor has examined thoroughly and understood all reports of exploration and tests of subsurface conditions, drawings or reports, availabCe for design and construction purposes, of physical conditions, or which may be apparent at the Site and accepts the determination set forth in these documents and Document 00700 (General Conditions) of the limited extent of the information contained in these documents upon which the Contractor may be entitled to rely. Contractor agrees that except for the information so identified, Gontractor does not and shall not rely an any other information contained in these Sections. C. Contractor has considered the physical conditions at or contiguous to the Site or otherwise which may affect the cost, progress, pertormance or furnishing of Work, as Contractor considers necessary for the pertarmance or furnishing of Work at the Contract Sum, within the Contract Time and in accordance with the other terms and conditions of Contract documents, including specifica(ly the provisions of the General Conditions. AGREEMENT SANITARY SEWER PUMP STATION IMPROVEMENTS PRO,lECT MAR(NA P.S., P.S. NO. 17 AND P.S. NO. 19 _. __ __ .