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acceptable standards, work deemed to be below standards wi(I be rebid and deducfed from final payment. This action can prevent the confractor 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 nat substantially completed by the due date, the contractor can not submit a bid for new projects. Upon substantial completion, the contractor has seven (7) days to complete the punch list items and fou�teen (14) days to submit Final Release of Liens from the cantractors, sub-contractors, the notice to owne�and all construction required documents. If the contractor does not meet the fourteen (14) days for the Lien Release, he wil! 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 wark 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 ot the Contractor signing#his Contract, or if it is not, the Contractor 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 no# substantially completed within agreed upon time periad, Contractor will be penalized One Hundred and 00/100 Dollars ($100.00) per day liquidated damages on new construction and Fifty and 00/100 Dollars ($50.00) par day liquidated damages on rehabilitation projects for every working day until substantial compfetfon, unless 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 Gad, 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 rehabititation program after fhe Community Development Division conduc#s an inspection certifying that the work has been completed according to the contract. �inal payment due the Cantractor wi!( be made after the Contractor has fumished the Owner, in care of the Community Development Division, satisfactory release of liens or claims for liens by subcontractors, labarers, and material suppliers #or completed work or installed materials. All such releases must be notarized. Paymen#s wilf be made ir� accordance with Ffarida Statutes, Chapter 218.735-74, Local Govemment Prompt Payment Act considered due upon receipt by the Clerk of the Circuit Court and paid upon approval by the Board of County Comrrtissioners. Within thirty (30) days of completion of the contract, the contractor shall submit the request for final payment a(ong with the required documenta#ion for payment. The County shafl not be responsible fo� any requests affier the 30 days. ARTICLE 5. -CONTRACTQR'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 fauft or negligence in conrtection with this contract. The Contrar,�or shall, prior to commencing work, fumish evidence of required comprehensive liability insurance. The Contractor shall also fumish evidence of coverage in accordance with Florida Workers' Compensation Laws. Cont�actor shall furnish Community Development Division with new, updated or renewed insurance coverage to continue to bid on projects. ARTICLE 6. - SUBCONTRACTS: All subcon#ractors shall be bound by the terms and conditions of this contract insofar as it applies#o their work, but this shall not relieve the 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 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 principaf portions of 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 the required sub list has been completed for this contract and submitted to the Community Development Division. S1Community DevelopmentlHousing Fortns Revised 04/27/11 _2 _