Parking lot project manual-1992 - Laserfiche WebLink

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' ' B. THE CONTRACTOR SHALL SUBMIT THE INFORMATION AND REPORTS REQUIRED $Y THE SUBURBAN HENNEPIN REGIONAL PARK DISTRICT AFFIRMATIVE ACTION POLICY. FAILURE TO ' COMPLY WITH THESE PROVISIONS WIL� CONSTITUTf CAUSE FOR THE OWNER TO TERMINATE THE CONTRACT. ARTICLE 3: ' THE CURRENT MINIMUM WAGE RATE PER HOUR TO BE PAID FOR EACH CLASSIFICATION OF WORK SHALL BE THE LOCAL PREVAILING RATE, INCLUDING FRINGE BENEFITS AS DEFINED IN ' MINNESOTA STATUTE 177.42. � ARTICLE 4: _ ' THE CONTRACTOR AGREES TO COMMENCE SAID WORK AS HEREIN PROVIDED AT THE EARLIEST PRACTICABLE DATE AND IN AN1( EVENT NOT LATER THAN OCTOBER 19, 1992 AND TO PROSECUTE ' THE SAME DILIGENTLY AND. WITHOUT DELAY, AND C�IPLETE THIS WORK NO LATER THAN AUGUST 1 , 1993. ARTICLE 5: ' THE CONTRACTOR FURTNER AGREES TO MAKE, EXECUTE AND DELIVER TO THE OWNER, A PERFORMANCE BOND AND LABOR AND MATERIAL PAYMENT BOND EXECUTED BY HIMSELF AND A ' SURETY COMPANY APPROVED BY THE OWNER IN THE SUM OF FOR THE USE OF SAID OWNER AND OF ALL PERSONS DOING WORK OR FURNISNING SKILL, ' TOOLS, MACHINERY OR MATERIALS UNDER OR FOR THE PURPOSE OF THIS CONTRIlCT BY SAID CONTRACTOR, AND THIS CONTRACT SHALL NOT BECOME EFFECTIVE UNTIL SAID BOItD HAS BEEN RECEIVED AND APPROVED BY THE OWNER. THE CONTRACTOR AGREES TO CARRY FULL COVERAGE OF WORKMEN'S COMPENSATION INSURANCE I AND PUBLIC LIABILITY INSURANCE AS OUTLZNED IN THE SPECIfICATI0N5 AND TO SAVE THE OWNER HARMLESS FROM ANY AND ALL� LIABILITY WHICH MRY ARISE BY R�ASON OF CLAIMS, � DEMANDS OR PAYMENTS WHICH MAY BE IMPOSED UPON THE OWNER BY REASON OF ANY ACT �t CONDUCT OF THE CONTRACTOR, HIS AGENTS OR EMPLOYEES WHILE ENGAGED IN THE EXECUTION OF THIS AGREEMENT. ARTICLE 6: ' IN CONSIDERATION OF THE COVENANTS AND AGREEMENTS STATED ABOVE, THE OWNER AGREES TO ' PAY THE CONTRACTOR THE SUM OF s WITH MODIFICATIONS UPNARD OR DONNWARD, IF ANY, DUE TO INCREASED OR DECREASED QUANTITIES OF UNIT PRICE ITEMS AS MENTIONED IN THE PROPOSAL OR BID OF SAID CONTRACTOR WHICH IS MADE A PART OF THIS CONTRACT AND ' ATTACHED HERETO. INSTALLMENT PAYMENTS, IF ANY, ON ACCOUNT OF W�tK DONE AND THE MATERIALS FURNISHED BY SAID CONTRACTOR UNDER THIS CONTRACT AND ACTUALLY IN PLACE IN SAID PROJECT, SHALL BE MADE IN ACCORDANCE WITH THE PROVISIONS OF THE GENERAL CONTRACT CONDITIONS AND FINAL PAYMENT THEREFORE SHALL BE DUE AND PAYABLE ON OR � BEFORE THIRTY (30) DAYS AFTER RECEIPT BY THE OWNER OF A CERTIFICATE BY THE OWNER'S REPRESENTATIVE THAT TNE WORK HAS BEEN FULLY COMPLETED AND THIS CONTRACT FULLY PERFORMED BY THE CONTRACTOR AND THE OPINION OF THE OWNER'S ATTORNEY THAT THE OWMER , IS THEN OBLIGATED TO PAY THE SUM CONTRACTED FOR HEREIN. � CONTRACT ' PAGE 2 OF 3