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r ac,r,eptable standards, work deemed to be below standards will be rebid and deducted from final payment. This action can prevent the contractor from bidding on any further work or projects. Substantial completion of the rehab is determined when the job write-up is 100% completed. If the rehab is not substantially completed by the due date, the contractor can not submit a bid for new projects. Upon substantial completion, the contrac or has seven (7) days to complete the punch list items and fourteen (14) days to submit Final Release of Lien � from the contractors, sub-contractors, the notice to owner and all construction required documents. If the con�ractor does not meet the fourteen (14) days for the Lien Release, he will not be able to bid on any new project�until final paperwork has been submitted. The premises will be unoccupied during the course of constru tion. ARTICLE 3. - TIME OF COMMENCEMENT: No work shall be commenced by the Contractor until he/she has received a written Notice to Proceed from the Community Development Division. The Notice to Proceed will be issued within thirty(30) days from the date of the Contractor signing this Contract, or if it is not, the ConItractor has the option of withdrawing his bid and proposal. Work shall begin no later than seven (7) days after the Notice to Proceed is issued. If work is not substantially completed within agreed upon time period, Contractor will be penalized One Hundred and 00/100 Dollars ($100.00) per day liquidated damages on new co struction and Fifty and 00/100 Dollars ($50.00) per day liquidated damages on rehabilitation projects for eve working day until substantial completion, unless approval for extension has been agreed upon in writing y Owner, Contractor, and the Community Development Division. This provision is contingent upon strikes, accidents, Acts of God, or other events beyond the control of Pasco County and the Contractor. �ARTICLE 4. - PAYMENT: The Contractor will be paid according to the draw schedule as stated in the Program Policy Statement for the County's rehabilitation program after the Community Development Division conducts an inspection certifying that the work has been completed according to the contract. Final payment due thE Contractor will be made after the Contractor has furnished the Owner, in care of the Community Develo�-ment Division, satisfactory release of liens or claims for liens by subcontractors, laborers, and material supplie�s for completed work or installed materials. All such releases must be notarized. Payments will be made in accordance with Florida Statutes, Chapter 218.735-74, Local Government Prompt Payment Act consid�red due upon receipt by the Clerk of the Circuit Court and paid upon approval by the Board of County Commissioners. Within thirty (30) days of completion of the contract, the contractor shall submit the request for fina payment along with the required documentation for payment. The County shall not be responsible for any re uests after the 30 days. ARTICLE 5. - CONTRACTOR'S INSURANCE: The Contractor shall be responsible for all damages to person or property that occur on the job site or adjacent thereto as a result of his fault or negligence in conneo ion with this contract. The Contractor shall, prior to commencing work, furnish evidence of required compr hensive liability insurance. The Contractor shall also furnish evidence of coverage in accordance with Florida Workers' Compensation Laws. Contractor shall furnish Community Development Division with new, update or renewed insurance coverage to continue to bid on projects. ARTICLE 6. - SUBCONTRACTS: All subcontractors shall be bound by the terms and conditions of this co tract insofar as it applies to their work, but this shall not relieve the Contractor from the responsibility to the O ner for the proper completion of all work to be executed under this Contract, and he7she shall not be releas�d from this responsibility by any subcontractual agreement he may make with others. The Contractor shall b� required to furnish to the Owner and Community Development Division in writing, a list of the names of the su�contractors proposed for the principal portions of the work at this contract signing. The Contractor shall not errf ploy any subcontractor to whom the Owner or the Community Development Division may have a � reasonable objection. A current form for listing subcontractors is available on the Community Development Division website. The notice to proceed will not be issued until the required sub list has been completed for this contract and submitted to the Community Development Division. S/Comm nity Development/Housing Forms Revised 04/27/11 - 2 -