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<br /> AGREEMENT �
<br /> for the
<br /> City of Redwood City ;
<br /> i
<br /> WALNUT STREET AND MAPLE STREET SEWER INTERCEPTOR IMPROVEMENT PROJECT
<br /> THIS AGREEMENT, made thi����day of , 2016, by and between JMB
<br /> C o n s t r u c t i o n, I n c w h o s e p l a c e o f b u si ess is at 132 South Ma p Ave, South San Francisco, CA
<br /> 94080 hereinafter called "CONTRACTOR", and the City of dwood City, a Charter City and
<br /> municipal corporation of the State of California, hereinafter ref red to as"CITY".
<br /> In consideration of the mutual covenants hereinaft set forth, Contractor and City agree
<br /> as follows:
<br /> 1. WORK
<br /> A. Contractor shall complete all Work specified in the Contract documents, in
<br /> accordance with the Specifications, Drawings, and all other terms and conditions
<br /> of the Contract documents.
<br /> II. CONTRACT SUM
<br /> A. City shall pay the Contractor as the "Contract Sum° for completion of Work in
<br /> accordance with the Contract documents, as the amount of Two Million Seven
<br /> Hundred Eight Thousand and 0//100 Dollars (2,708,000.00� computed in
<br /> accordance with Contractor's Accepted J�epesal bid dated, April 13, 2016, which
<br /> �e�esa�bid is incorporated herein by reference thereto as if fully set forth.
<br /> B. The Contract Sum is all inclusive and includes all Work; all federal, state, and local
<br /> taxes on materials and equipment, and labor furnished by Contractor, its
<br /> subcontractors, subconsultants, architects, engineers, and vendors or otherwise
<br /> arising out of Contractor's performance of the Work, including any increases in any
<br /> such taxes during the term of this Agreement; and any duties, fees, and royalties
<br /> imposed with respect to any materials and equipment, labor or services. The taxes
<br /> covered hereby include (but are not limited to) occupational, sales, use, excise, I
<br /> unemployment, FICA, and income taxes, customs, duties, and any and all other
<br /> taxes on any item or service that is part of the Work, whether such taxes are
<br /> normally included in the price of such item or service or are normally stated
<br /> separately. Notwithstanding the foregoing, each party shall bear such state or local
<br /> inventory, real property, personal property or fixtures taxes as may be properly �
<br /> assessed against it by applicable taxing authorities.
<br /> I
<br /> III. CONTRACT TIME AND LIQUIDATED DAMAGES
<br /> A. Contractor shall complete the Work within the following Schedule reflecting the date
<br /> the Contract Time commences to run as set forth in Section 00550 (Notice to �
<br /> Proceed) and Section 00700 (General Conditions);and 1
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<br /> 1. Contractor shall achieve Substantial Completion of the Work within i
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<br /> Walnut Street and Maple Street Sewer Interceptor Improvement Project 00520-1 �I
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