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acceptable standards, work deemed to be below standards wiil be rebid and deducted from final payment. This action can prevent the confractor from bidding on any further work or projects. Substantial completion of #he rehab is determined when the job write-up is 1Q0% compieted. If the rehab is not substantially completed by the due date, the con#ractor can not submit a bid for new projects. Upon substantia( comp(etion, the contractor has seven (7) days to complete the punch list items and fourteen (14) days to submit F'inal Release of Liens from the contractors, sub-contractors, the notice to owner and ail construction required documents. if the contractor does not meet the fourteen (14) days for the Lien Release, he wili not be abfe to bid on any new projects until finai paperwork has been submitted. The premises will be unoccupied during the course of construction. ARTICLE 3. - T1ME OF COMMENCEMENT: No work shall be commenced by the Contractor until he/she has received a written Notice to Proceed from the Cammunity 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 Contractor has the option of withdrawing his bid and proposal. Wark shall begin no later than seven (7) days after the Notice to Proceed is issued. lf work is rto# substantially completed within agreed upon tfine period, Contractor will be penalized One Hundred and 00/100 Dallars ($'lOO.Od) per day liquidated damages on new construction and Fifty and 00/100 Dollars ($50.00) per day iiquidated damages on rehabilitation projects far every working day until substantia! completion, unless approval for extension has been agreed upon in writing by Owner, Contractor, and the Community Develapment 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 tha# the work has been completed according to the contract. Final paymen# due the Contractor will be made after the Contractor has fumished the Owner, in care of the Communi#y Development Division, sa#isfactory release of liens or claims for iiens by subcontractors, laborers, and material suppliers for completed work or instalfed materials. All such releases must be notarized. Payments will be made in accordance with Florida Statutes, Chapter 218.735-74, Locai Govemment Prompt Payment Act considered due upon receipt by the Clerk of#he Circuit Court and peid upon approval by the Board of County Commissioners. Within thirty (30) days of cornpletion of the contract, the contractor shall submit the request for final payment along with the required documentation fo�payment. The County shall not be responsible for any requests 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 connection wi#h this contract. The Contractar shafl, prior to commencing work, fumish evidenca of required comprehensive liability insu�ance. The Contractor shatl aiso furnish evidence of coverage in acco�dance with Florida Workers' Compensation Laws. Contractor shall furnish Community Development Division with new, updated or renewed insurance coverage to continue to bid on prpjects. ARTICLE 6. - SUBCONTRACTS: AI( subcontractors shall be bound by the terms and conditions af this contract insofar as it applies to their work, but this shall not relisve the Contractor from the responsibility to the Owner for the proper campletion 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 shall be required to furnish to the Owner and Community Development Division in writing, a list of the names of the subcontractors proposed for the principal portions of the work at this contract signing. The Contractor shall not employ any subcontractor to whom fhe 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/Communiry Development/Housing Fortns Revised 44/27H 1 - 2-