79-26 MT Contracting Structural Improvements at OSPAC v2 DJH.pdf

2 ARTICLE 2. ENGINEER 2.1. The Project has been designed by the Township Engineer, who is hereinafter called the “ENGINEER” and who is to act as OWNER’s representative, and have the rights and authority assigned to Engineer in the Contract Documents in connection with completion of the Work in accordance with the Contract Documents. ARTICLE 3. CONTRACT TIME 3.1. The Contract time shall commence on a date to be specified in a written Notice to Proceed of the OWNER and MUST be completed no later than _______________. 3.2.CONTRACTOR agrees that the Work shall be prosecuted regularly, diligently and uninterruptedly and at such rate of progress as will ensure full completion thereof within the Contract Time stated above. It is expressly understood and agreed, by and between CONTRACTOR and OWNER, that the Contract Time is reasonable for the completion of the Work, taking into consideration the average climatic range and usual industrial conditions prevailing in this locality. ARTICLE 4. CONTRACT PRICE 4.1. The Owner shall pay the Contractor for performance of the Work pursuant to this Contract at the bid price agreed upon in the Contractor’s bid proposal. The contract price shall not exceed $235,150.00 ARTICLE 5. APPLICATIONS FOR PAYMENT 5.1. CONTRACTOR shall submit Applications for Payment in accordance with the Conditions of the Contract. Applications for Payment will be processed by ENGINEER as provided in the Conditions of the Contract. 5.2. There shall be no advance payment under this Contract. ARTICLE 6. PROGRESS AND FINAL PAYMENTS 6.1. OWNER may make progress payments on account of the Contract Price on the basis of CONTRACTOR's Applications for Payment as recommended by ENGINEER, during construction as provided below. All progress payments will be on the basis of the progress of the Work measured by the schedule of values provided for in the Conditions of the Contract. 6.2. Prior to Substantial Completion, progress payments to the Contractor shall be made after review and approval by Owner’s Staff in accordance with Owner’s standard policies.