The contract is for the construction of an artificial reef in Santa Rosa County, Florida. The project involves the deployment of various reef structures, including Florida Limestone reefs, Super Reefs, and Grouper reefs. The contractor, Walter Marine Inc, will be responsible for designing, manufacturing, and deploying the reef structures. The contract has a duration of 360 days and a budget of $900,000. The project is funded by the Natural Resources Damages Assessment (NRDA) program. Key aspects of the contract include the construction schedule, payment terms, and compliance with federal, state, and local laws and regulations.
• The contract includes a detailed construction schedule, with specific timelines for the deployment of each type of reef structure.
• The payment terms include progress payments and a retainage of 5% of the contract amount.
• The contractor must comply with all applicable laws and regulations, including those related to environmental protection and worker safety.
• The contract includes provisions for termination, dispute resolution, and indemnification.
• The contractor must provide proof of insurance and bonding, and must comply with all applicable permitting and licensing requirements.