Laserfiche WebLink
. �e-�� <br /> 8. It is hereby agreed by the parties to the Agreement that in case ali work <br /> called for under the Agreement is not finished or completed on or before the time set <br /> forth in this Agreement, damage will be sustained by City, and that it is and will be <br /> impracticable and extremely difficult to ascertain and determine the actuaf damage <br /> which the City will sustain in event of and by reason of such delay; it is therefore <br /> agreed Contractor will pay to City the sum calculated at the rate of Five Hundred <br /> Dollars ($500.00) per day as liquidated damages for each and �every day's delay in <br /> finishing the work in excess of the number of working days prescribed, and Contractor <br /> agrees to pay said liquidated damages as herein provided, and in case the same are <br /> not paid, agrees that City may deduct the amount thereof from any monies due or that <br /> may become due under this Agreement. <br /> It is further agreed that in case the work called for under this Agreement is not <br /> completed in all of its parts and requirements within the number of calendar days <br /> specified, City shall have the right to increase the number of working days or not, as <br /> may seem best to serve the interest of City; and if it is decided to increase the said <br /> . number of working days, City shall further have the right to charge to Contractor, and <br /> deduct from the final payment for the work, all or any part, as City may deem proper, <br /> of the actual cost of engineering, inspection, superintendence, and other overhead <br /> expenses of City which are directly chargeable to this Agreement, except that the cost <br /> of final surveys and the preparation of the final estimate shall not be included in such <br /> charges to be paid by Contractor. <br /> Agmt-340 12 <br /> � DES:djk. <br /> F:/Shared/Redwood/Counci! . <br /> 03/24/00, 4/12/OOR <br /> , __ ._ .. . _ ... ._. . <br />