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North Sports Complex Tee Ball Fields ETC Project Number-106602CBATE <br /> Batesville, Arkansas <br /> AGREEMENT <br /> THIS AGREEMENT made this day of 2013, by and <br /> between StoneBridge Construction, LLC. (a corporation organized a°id existing under the <br /> laws of the State of Arkansas) hereinafter called the "Contractor" and the City of Batesville, <br /> Arkansas an agency thereof hereinafter called the "Owner". <br /> WITNESSETH: <br /> That the Contractor and the Owner for the consideration stated herein mutually agrees as follows: <br /> ARTICLE 1. Statement of Work. The Contractor shall furnish all supervision, technical <br /> personnel, labor, materials, machinery, tools, equipment, incidentals and services, <br /> including utility and transportation services and perform and complete all work <br /> required for"North Sports Complex Tee Ball Fields", Batesville, Arkansas, in <br /> strict accordance with the Contract Documents, including all Addenda thereto <br /> numbered <br /> #1 dated 08/13/13; <br /> • as prepared by the Engineer/Architect. <br /> ARTICLE 2. The Contract Price is $122,600.00 (One hundred Twenty-two thousand Six <br /> hundred & 00/100th') The Owner will pay the contractor, because of his <br /> performance of the Contract, for the total quantities of work performed at the lump <br /> sum, subject to additions, and deductions as provided in the Section entitled <br /> "CHANGES IN THE WORK" under GENERAL CONDITIONS. <br /> ARTICLE 3. Contract Time. The Contractor agrees to begin work within five (5) calendar days <br /> after issuance by the Owner/ Engineer of a "Work Order" or "Notice to Proceed" <br /> and to complete the work within 60 consecutive calendar days for thereafter <br /> (except as modified in GENERAL CONDITIONS of these Contract Documents). If <br /> the Contractor shall fail to complete the work within the time specified, he and his <br /> Surety shall be liable for payment to the Owner, as liquidated damages <br /> ascertained and agreed, and not in the nature of a penaty, the sum of: <br /> 1. $ 100.00 for each calendar day of delay for the failure to fully complete the <br /> project within 60 consecutive calendar days (except 6s modified in GENERAL <br /> CONDITIONS of these Contract Documents). <br /> To the extent sufficient in amount, liquidated damages shall be deducted from the <br /> payments to be made under this Contract. <br /> • <br /> 00007-1 <br />