Agmt14 Silverado Contractors, Inc.

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.� _ _ � ORIGINAL GENERAL SERVICES AGREEMENT (Silverado Contractors,Inc.) This Agreement is made and entered into between the City of Redwood City ("City"), a muni ipal cor o ation, and Silverado Contractors a California Corporation ("Contractor") as of (� (the "Effective Date"). In consideration of their mutual covenants, the partie er to agr e as follows: 1. Scone of Work. Subject to the terms and conditions ofthis Agreement,Contractor shall provide those services described in E�chibit A and incorporated herein by reference. In summary, the scope of services includes but it not limited to removal and demolition of the Pam Am Barge, located at the City's Docktown Marina, Redwood City. 2. Pavment 2.1. Pavment Terms. For the services described in Exhibit A, the City agrees to pay Contractor a total amount of EIGHTY TWO THOUSAND FIVE HIJNDRED DOLLARS ($82,500) which amount shall include all expenses. Contractor shall be paid at completion of the entire project. In no event shall Contractor submit any billing for an amount in excess of the m�imum amount of compensation provided for in this section. 2.2. Liquidated Dama�es. City and Contractor recognize that time is of the essence of this Agreement and it is agreed that a delay will result in damage sustained by the City, and that it is and will be impracticable and extremely difficult to ascertain and determine the actual damage which the City will sustain in the event of and by reason of such delay. Accordingly, City and Contractor agree that Contractor shall pay City Six Hundred ($600.00) for each calendar day after the deadline specified for completion of all tasks within the Scope of Work found in Exhibit A (Scope of Work). The City may deduct any accrued liquidated damages from any monies payable on account of services performed by the Contractor. Liquidated damages for delay shall only cover and be in lieu of the actual damages suffered by City as a result of delay referenced above. Liquidated damages shall not cover the cost of completion of the work, damages resulting from defective work, cost of temporary replacement facilities, damages suffered by others who then seek to recover their damages from City(for example, delay claims of other contractors or subcontractors), and defense costs thereof. 3. Term of Performance. Contractor shall not begin Work until receipt from the City of a Notice to Proceed, and shall, upon receiving notice, begin Work within the time specified in the notice. The time specified in said notice will allow a period of at least five (5) days after the date of said notice for commencement of Work. After receipt of said notice, the Contractor shall diligently prosecute the Work to completion. The Contractor shall provide, at least 24 hours in ATTY/AGR/2014.166/SILVERADO CONTRACTORS-PAM AM BARGE REMOVAL REV:09-09-14 VR Page 1 of 8