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12.00) BILLING: <br />The Contractor shall bill the City of Paris by the end of each month. Partial <br />payments will be only on an as completed basis. A 10% retainage will be <br />held from each payment to be paid upon final acceptance and approval by <br />the City of Paris after the 30 day inspection as noted in Section 2.2. <br />13.00) ASSIGNMENT: <br />Contractor shall not sublet, subcontract, or assign this contract or the work <br />hereunder in whole or in part without the consent of the City having first <br />been obtained in writing. <br />14.00) INDEPENDENT CONTRACTOR: <br />The Contractor herein is an "Independent Contractor", and is obligated to <br />furnish all equipment and all personnel required to complete the work <br />contemplated by this project. The City is not obligated to furnish any <br />equipment or personnel, contemplated under this project (or to control or <br />direct the actions of same), and at no time will the personnel of the <br />Contractor be deemed to be employees of the City. <br />15.00) ADDITIONAL WORK: <br />The specifications and bid proposal submitted by the Contractor shall be <br />incorporated herein and are to be constructed as part of the Contract. If <br />the City requests and accepts bids or quotations for additional work which <br />the Contractor agrees to provide, such bids or quotations shall be <br />incorporated herein and are to be construed as part of the Project. <br />16.00) ADDITIONAL FEATURES: <br />16.01) The decision of the City Manager shall be final in all cases of dispute that <br />may arise from execution of this contract. <br />16.02) This contract may be terminated by either party following delivery of a thirty <br />(30) day written notice to the other party stating such intent. Failure by the <br />Contractor to supply such notice will result in a pro-rated deduction of final <br />payment made to the Contractor. <br />16.03) Failure by the successful bidder to satisfactorily enter into a Contract with <br />the City or failure to complete the Contract as prescribed in this Bid <br />Package, will result in the successful bidder being financially liable for <br />damages to the City for the difference in monies between their bid amount <br />and the next lowest and best bidder or 10% of the successful bidders <br />original bid amount, whichever is greater. <br />16.04) Exceptions to the above specifications and requirements will be <br />considered; but failure to note exceptions, when they exist may result in <br />rejection of the bid. <br />16.05) A Bid Securitv in the amount of 5% of the bid proposal amount submitted <br />must accompany each proposal. <br />q. <br />