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acceptable standards, work deemed to be below standards will be rebid and deducted from final payment. <br /> This actian can prevent the contractor from bidding on any further work or projects. Substantial completion of <br /> the rehab is determined when the job write-up is 100% completed. If the rehab is not substantially completed <br /> by the due date, the contractor can not submit a bid for new projects. Upon substantial completion, the <br /> contractor has seven (7) days to complete the punch list items and fourteen {14) days to submit Final Release <br /> of Liens from the contractors, sub-contractors, the notice to owner and a!I construction required documents. If <br /> fhe con#ractor does not meet the fourteen (14) days for the Lfen Release, he will not be able to bid on any new <br /> projects until final paperwork has been submitted. The premises will be unoccupied during the course of <br /> construction. <br /> ARTICLE 3. - TIME OF COMMENCEMENT: No work shall be commenced by the Contractor until <br /> he/she has received a written Notice to Proceed from the Community Develapment Division. The Notice to <br /> Proceed will be issued within thirty (30} days from the date of the Cont�actor signing this Contract, or if it is not, <br /> the Contractor has the option of withdrawing his bid and proposal. Work shal[ begin no later than seven (7) <br /> days after the Notice to Proceed is issued. If work is not substantially completed within agreed upon time <br /> period, Cor�tractor will be penalized One Hundred and dQ/100 Dollars {$100.00) per day liquidated damages on <br /> new construction and Fifty and 00/100 Dollars ($50.U0) per day liquidated damages on rehabilifation projects <br /> for every working day until substantiaf completion, unless approval for extension has been agreed upon in <br /> writing by Owner, Contractor, and the Community Development Division. This provision is contingent upon <br /> strikes, accidents,Acts of Gad, or other events beyond the control of Pasco County and the Contractor. <br /> ARTlCLE 4. - PAYMENT: The Contractor will be paid according to the draw schedule as stated in the <br /> Program Policy Statement for fhe County's rehabilitation program after the Community Development Division <br /> condu�ts an inspection certifying that the work has been completed according to the contract. Final payment <br /> due the Contractor will be made after the Contractar has fumished the Owner, in care of the Community <br /> Development Division, satisfactary release of liens or claims for liens by subcontractors, laborers, and materiaf <br /> suppliers for compfeted work or installed materials. All such releases must be notarized. Payments will be <br /> made in accardance with Florida Statutes, Chapter 218.735-74, Local Government Prompt Payment Act <br /> considered due upon receipt by the Clerk af the Circuif Court and paid upon approval by the Board of Counfy <br /> Commissioners. Within thirty (30) clays of completion of the contract, the contractor shall submit the request <br /> for final payment along with the required documentation for payment. The County shall not be responsible for <br /> any requests after the 30 days. <br /> ARTICLE 5. -CONTRACTOR'S INSURANCE: The Contractor shail be responsible for a!I damages to <br /> person or property that occur on the job site or adjacent thereto as a result of his fault or negligence in <br /> connection with this contract. Ths Contractor shall, prior to commencing work, furnish evidence of required <br /> comprehensive liabi(ity insu�ance. The Contractor shalf also furnish evidence of coverage in accordance with <br /> Florida Workers' Compensation �aws. Con#ractor shall fumish Community Development Division with new, <br /> updated or renewed insurance coverage to continue to bid on projects. <br /> ARTICLE 6. - SUBCONTRACTS: All subcontractors sha[t be bound by the terms and conditions of <br /> this contract insofar as it applies to their work, buf this shall not relieve#he Contractor from the responsibility to <br /> the Owne� for the proper completion of all work to be execufed under this Contract, and he/she shall hot be <br /> released from this responsibility by any subcontractual agreement he may make with others. The Contractor <br /> shall be required to furnish to the Owner and Cammunity Development Division in writing, a list of the names of <br /> the subcontractors proposed for the principal portions of the work at this contract signing. The Contraetor shall <br /> not employ any subcontractor to whom the Owner or the Community Development Division may ha�e a <br /> reasonable objection. A current form for listing subcontractors is available on the Community Development <br /> Div�sion website. The notice to proceed wifl not be issued until the required sub list has been completed for this <br /> contract and submitted to the Community Development Division. <br /> S/Community Development/Housing Forms Revised 04I27/11 <br /> -2 - <br />