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SECTION 00520 ORIGINAL AGREEMENT for the City of Redwood City 2005-2006 THERMOPLASTIC CONTRACT THIS AGREEMENT, made this 16th day of June, 2005, by and between Chrisp Companv whose place of business is at 43650 OsQood Road. PO Box 1368. Fremont Ca. 94538. hereinafter called "CONTRACTOR", and the City of Redwood City, a Charter City and municipal corporation of the State of California, hereinafter referred to as "CITY". In consideration of the mutual covenants hereinafter set forth, Contractor and City agree as follows: I. II. III. WORK A. Contractor shall complete all Work specified in the Contract Documents, in accordance with the Specifications, Drawings, and all other terms and conditions of the Contract Documents. CONTRACT SUM A. City shall pay the Contractor as the "Contract Sum" for completion of Work in accordance with the Contract Documents, as the amount of Forty Three Thousand and Nine Hundred Forty Five dollars ($43,945.00), computed in accordance with Contractor's Accepted Proposal dated, June 15, 2005, which Proposal is incorporated herein by reference thereto as if fully set forth. The Contract Sum is all inclusive and includes all Work; all federal, state, and local taxes on materials and equipment, and labor furnished by Contractor, its subcontractors, subconsultants, architects, engineers, and vendors or otherwise arising out of Contractor's performance of the Work, including any increases in any such taxes during the term of this Agreement; and any duties, fees, and royalties imposed with respect to any materials and equipment, labor or services. The taxes covered hereby include (but are not limited to) occupational, sales, use, excise, unemployment, FICA, and income taxes, customs, duties, and any and all other taxes on any item or service that is part of the Work, whether such taxes are normally included in the price of such item or service or are normally stated separately. Notwithstanding the foregoing, each party shall bear such state or local inventory, real property, personal property or fixtures taxes as may be properly assessed against it by applicable taxing authorities. B. CONTRACT TIME AND LIQUIDATED DAMAGES A. Contractor shall complete the Work within the following Schedule reflecting the date the Contract Time commences to run as set forth in Section 00550 (Notice to Proceed) and Section 00700 (General Conditions); and 1. Contractor shall achieve Substantial Completion of the Work in phases for 365 Calendar day or the full contract amount, each phase shall have 14 calendar day from notice to proceed for that phase from the date the Contract Time commences to run. B. liQuidated DamaQes 1. City and Contractor recognize that time is of the essence of this Agreement