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( acceptabls standards, work deemed to be below standards wil! 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#he rehab is not substantially completed by the due date, the contractor can not subrnit a bid for new projects. Upon substantial completion, #he cantractar i�as seven {7} days to complete the punch list items and fourteen (14) days to submit Fina( Release of Llens #rom the contractors, sub-contractors, the notice to owner and al! consfruction required documents. If #he contractor does not meet the fourteen (14) days for the Lien Release, he will not be able to bid on any new projects until final paperwork has been submitted. The premises will be unoccupied during the course of construction. 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 #o Proceed wil( be issued within thirty (30) days from#he date of the Contractor signing this Contract, or if it is not, the Contractor has the option of withd�awing his bid and proposal. Work shall begin no later than seven {7) days after the Notice to Proceed is issued. If work is not subsfantially completed within agreed upon fime period, Contractor will be penalized One Hundred and 00/100 Dollars ($10Q.00) per day liquidated damages on new construction and Fifty and 00/100 Dollars ($50.OQ) per day liquidated damages on rehabilitativn projects for every working day until substantial completion, unfess approval for extension has been agreed upon in writing by 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. ARTtCLE 4. - PAYMENT: The Contractor will be paid according fo.the draw schedule as stated in the Program Policy Sta#ement for the County's rehabilitation program after the Communi#y Development Division conducts an inspection certifying that the work has been completed according to the contract. Final payment due the Contractor wift be rrtade after the Cantractor has fumished the Owner, in care of the Community Development Division, satisfactory release of liens or claims for liens by subcontractors, lai�orers, and material suppliers for completed work ar instalfed materials. All such releases must be notarized. Payments will be made in accordance with Florida Statutes, Chapter 218.735-74, Local Govemment Prompt PaymeRt Act considered due upon receip# 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 final payment alang with the required documentation for payment. The County sMall not be responsible for any requests after the 30 days. ARTICLE 5. -CONTRACTOR'S INSURANCE: The Contracto�shall be responsible for all damages to person or properEy that occur on the job site or adjacent thereto as a result of his fault or negligence in connection with this contract. The Contractor shall, prior to commencing work, fumish evidence of required comprehensive liability insurance. The Contractor shall also furnish evidence of cove�-age in accordance with Florida Workers' Compensation Laws. Contractor shall furnish Community Development Division wifh new, updated or renewed insurance coverage to continue to bid on projects. ARTICLE 6. - SUBCONTRACTS: A!! subcontractors shali be bound by the tenns and conditions of this contract insofar as it applies to their work, but this shall not relieve#he Contractor from the responsibility to the Owner for the proper completion of all work to be executed under this Contract, and he/she shall not be released from this responsibility by any subcontractual agreement he may make with others. The Contractor shalf be required#o fumish to the Owner and Community Development Division in writing, a list of the�ames of the subcontractors p�oposed for the principal portions flf the work at this contract signing. The Contractor shall not employ 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#he required scab list has been completed for this contract and submitted to the Community Development Division. S/Communify OevelopmenUHousing Forms Revtsed Q4l27H 1 - z-