15 - Painting of Water Towers with new logo

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SECTION 6. TAXES. Contractor agrees to pay all taxes applicable including but not limited to sales taxes, excise taxes, use taxes, fuel taxes, property taxes, unemployment compensation taxes and old age benefits and social security taxes. The contractor further agrees to comply with all local, state and federal laws regarding the reporting and payment of such taxes, contractor further agrees to indemnify and hold harmless the Owner and Architect/Engineer from reporting and/or payment of those taxes, which contractor is legally obligated to report and pay. In the event this project is tax exempt (this project is tax exempt), contractor agrees to comply with all applicable tax exemption requirements. SECTION 7. PERMITS, FEES & LAWS. Contractor acknowledges that it is familiar with and will comply with all laws, ordinances and regulations pertaining to its Work, including the provision of the Occupational health and Safety Act (29 U.S.C. 651 et seq.), which are applicable. Contractor agrees to secure at its cost and expense all licenses and permits necessary to perform the Work required by this contract. Contractor further agrees to comply with any and all federal, state and local laws hereinafter passed which affect contractor's performance of this contract. SECTION 8. JOB PROGRESS & DAMAGES. Time of performance is of the essence in this contract and contractor agrees to commence Work when notified. The contractor shall give owner full information in advance as to its plans for performing the contract Work. Contractor agrees to perform the Work in accordance with Contractor's schedule and in such a manner as to not delay the Owner, the Contractor or the progress of the Project. If at any time during contractor's performance of the Work, contractor's progress appears to be inadequate to the Owner or the Architect/Engineer, contractor agrees to immediately take whatever steps are necessary to improve progress. In the event contractor's progress is inadequate due to condition within contractor's control, the owner may require the contractor to increase or change its labor force, the number of work shifts, the equipment on the job, and/or any other measures which the owner deems necessary, all without additional cost to the Owner. Neither notices by the owner nor the failure to issue notice that contractor's progress is inadequate, shall relieve the contractor from its obligation to achieve the quality of Work and rate of progress required. All damages, expenses or losses, including attorney's fees or other legal cost which are sustained by the owner due to contractor's failure to diligently prosecute the Work and/or failure to complete this contract in a timely manner shall be paid by the contractor to the owner. In the event that the owner incurs damage, expense or loss or it appears that the owner may sustain damage, expense or loss due to such failure on the part of the contractor, the owner may either deduct such amount from any progress payment or retainage payable to the contractor and/or delay payment of any sums otherwise owing to the contractor until the situation is remedied or adjusted to the satisfaction of the owner. Contractor agrees to and does hereby indemnify owner against all actual, liquidated and/or consequential (special) damages, which are assessed by the Owner against the Contractor due to the failure to timely complete the Work set forth in this contract and in addition, Owner shall be entitled to payment from the contractor for all damages, expenses or losses which the owner may sustain, including but not limited to, recovery of the owner's extra overhead and expenses related to managing or supervising the Work, interest expense, equipment rental, return on investment, 3