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2022-08-05-R
CITY-OF-BATESVILLE
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2022-08-05-R
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2/9/2023 10:10:04 AM
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contract has been or will be awarded to White River Construction, <br /> Inc. <br /> 4 . Batesville and Pfeiffer agree and understand that the <br /> contractor' s bid and pricing is a "unit price contract" meaning <br /> that upon substantial completion and placing Area 4 in service <br /> will result in adjustment of cost calculations based upon as <br /> installed pipe, fittings, valves and related accessories. Upon <br /> substantial completion of Area 4, Pfeiffer will produce a <br /> reconciliation change order to reflect quantities actually <br /> installed in Area 4. Pfeiffer agrees to reimburse Batesville any <br /> unused portion of the $280, 025.00 paid by Batesville within 30 <br /> days of delivery of the reconciliation change order. Batesville <br /> agrees to pay to Pfeiffer any costs in excess of $280,025. 00 <br /> within 30 days from receipt of the reconciliation change order. <br /> 5. Pfeiffer agrees to keep records and provide to <br /> I <br /> Batesville an accurate accounting of the expenditure of <br /> Batesville' s $280, 025.00 payment. <br /> 6. The waterlines in Area 4 will remain the property and <br /> i <br /> responsibility of Pfeiffer before, during, and after completion <br /> of the 2018-19 Project. In the event of a future sale of lines <br /> within Area 4 by Pfeiffer to Batesville, the parties agree to j <br /> give due consideration to Batesville's investment in said lines <br /> within Area 4. <br /> pm\8.22\p\pfeiffer.agr <br />
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