Agmt03 BHV Innisfree Ven... (3) - Laserfiche WebLink

Browse Search

C. Upon receipt of bids for the construction of the Public Parking Facility, the total value of the lowest responsive, responsible bids will be compared with the Not-to- Exceed Parking Facility Cost. If the total of these bids causes the Parking Facility Cost to exceeds the amount set forth in Paragraph 3(A) of the Agreement, Developer shall immediately notify the City and Agency. Developer, City and Agency shall meet and confer to address the issue. Developer shall have its Consultants and Contractors propose adjustments to the cost or scope of the Public Parking Facility to bring the cost of construction within the Not-to-Exceed Parking Facility Cost. Developer shall implement such cost reductions as are acceptable to City and Agency. Developer will not award any contract for construction of the Public Parking Facility until Developer, City and Agency have reached a final, documented agreement on each party's responsibility for the cost of construction. D. Developer shall notify City and Agency in writing of the name of each Contractor with whom it enters into a contract in connection with construction of the Public Parking Facility, and shall provide City and Agency with copies of those agreements, and any modifications, upon written request. 3. Construction Project Administration A. General Requirements i) Developer shall establish and implement appropriate administrative and financial controls for the design and construction of the Public Parking Facility. ii) Developer shall coordinate and administer performance of the architect, the general contractor, and other Contractors, professionals and Consultants employed by Developer in connection with the design or construction of the Public Parking Facility. iii) Developer shall provide and maintain a management team on the Project site to provide contract administration and shall establish and implement coordination and communication procedures. Developer shall be the party to whom requests for information, submittals, Contractor requests for schedule adjustments, substitutes, change order requests and payment applications shall be submitted. iv) Developer shall not commence construction of the Work on the Project Site until advised by City and Agency in writing that it may do so. v) Developer shall establish and implement procedures for expediting and processing requests for information, shop drawings, material and equipment sample submittals, contract schedule adjustments, change orders, substitutes and payment requests and shall maintain project records and logs current and in good order. B. Schedules and Reports i) Developer shall prepare and distribute to City and Agency a critical path schedule for construction of the entire Project before issuing a Notice to Proceed on the Project. The schedule shall show completion of the Public Parking Facility and the Atty/Agr/Agr.147 101403 Final L. Beck 31