This contract is for the resurfacing of CR581/Emerson Rd from Powell Rd to SR50/Cortez Blvd, with a scope of work that includes mobilization, demolition, maintenance of traffic, and paving. The contract has a lump sum price of $1,296,225.00, and the vendor is required to complete the work within 90 days for substantial completion and 120 days for final completion. The contract also includes provisions for progress payments, retainage, and liquidated damages. Key points to consider include the scope of work, contract price, and completion timeline.
• The contract includes a detailed scope of work that outlines the specific tasks and requirements for the project.
• The contract price is based on a lump sum bid, with a total price of $1,296,225.00.
• The contract has a completion timeline of 90 days for substantial completion and 120 days for final completion.
• The contract includes provisions for progress payments, with 95% of the work completed and cost of materials and equipment not incorporated in the work.
• The contract also includes provisions for liquidated damages, with a rate of $1,685.00 per day for failure to complete the work on time.