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AGREEMENT <br />THIS AGREEMENT is dated as of <br />between City of Paris, Paris, Texas, <br />OWNER and CONTRACTOR, <br />as follows: <br />Article 1. WORK. <br />day of in the yeaz 2001 by and <br />fter called OWNER) and <br />called CONTRACTOR). <br />mutual covenants hereinafter set forth, agree <br />CONTRACTOR shall complete all ork as specified or indicated in the Contract Documents. The <br />Work is generally described as follow : 1565 LF 8" watermain, 110 LF 2" watermain, 3 fire hydrant <br />assemblies, 8 water customer services 85 SY pavement repair, with other appurtenant construction, <br />complete in place. <br />The Project for which the Work unde the Contract Documents may be the whole or only a part is <br />generally described as follows: Cox ield 8" Water Line Replacement. <br />Article 2. ENGINEER. <br />The Project has been designed by <br />representative, who is hereinafter c. <br />assume all duties and responsibiliti <br />the Contract Documents in <br />Documents. <br />Article 3. CONTRACT TIME. <br />ty Engineer, City of Paris, Paris, Texas, or his authorized <br />ENGINEER and who is to act as OWNER'S representative, <br />ind have the rights and authority assigned to ENGINEER in <br />with completion ofthe Work in accordance with the Contract <br />3.1 The Work will be substantially c mpleted within 100 days from the date when the Contract <br />Time commences to run as provided i pazagraph 23 of the General Conditions, and completed and <br />ready for final payment in accordance with pazagraph 14.13 of General Conditions within 130 days <br />from ttte date when the Contract Ti commences to run. <br />3.2 Liquidated Damages. OWNER d CONTRACTOR recognize that time is of the essence of <br />this Agreement and that OWNER wi 1 suffer financial loss if the Work is not completed within the <br />times specified in pazagraph 3.1 ab <br />Article 12 of the General Conditioi <br />involved in proving in a legal or arb <br />Work is not completed on time. Ac <br />CONTRACTOR agree that as liqui( <br />(but not as a penalty) CONTRACT <br />dollazs $ 150.00 ) for each day that <br />Completion until the Work is s <br />CONTRACTOR shall neglect, refu: <br />7e, plus any extensions thereof allowed in accordance with <br />. T'hey also recognize the delays, expense and difficulties <br />7ation proceeding the actual loss suffered by OWNER if the <br />)rdingly, instead of requiring any such proof, OWNER and <br />ted damages for delay <br />[i shall pay OWNER One hundred fiftv and No/100 <br />:pires after the time specified in paragraph 3.1 for Substantial <br />)stantially complete. After Substantial Completion, if <br />or fail to complete the remaining Work within the Contract <br />17 <br />