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DOCUMENT 00 52 00 <br /> STANDARD FORM OF AGREEMENT <br /> THIS AGREEMENT is by and between City or Ramsey("Owner") and ("Contractor"). Owner <br /> and Contractor,in consideration of the mutual covenants hereinafter set forth,agree as follows: <br /> ARTICLE 1—WORK <br /> 1.01 Contractor shall complete all Work as specified or indicated in the Contract Documents. The Work is generally <br /> described as follows: <br /> Demolition and removal of buildings, demolition and removal of parking lot, and demolition and removal of all <br /> miscellaneous site improvements as shown on the plans. <br /> ARTICLE 2—THE PROJECT <br /> 2.01 The Project for which the Work under the Contract Documents may be the whole or only a part is generally <br /> described as follows: <br /> Demolition of the former city hall municipal complex. <br /> ARTICLE 3—ENGINEER <br /> 3.01 The Project has been designed by Hakanson Anderson who is to act as Owner's representative,assume all duties and <br /> responsibilities, and have the rights and authority assigned to Engineer in the Contract Documents in connection <br /> with the completion of the Work in accordance with the Contract Documents. <br /> ARTICLE 4—CONTRACT TIMES <br /> 4.01 Time of the Essence <br /> A. All time limits for Milestones, if any, Substantial Completion, and completion and readiness for final payment as <br /> stated in the Contract Documents are of the essence of the Contract. <br /> 4.02 Dates for Milestones, Substantial Completion and Final Payment <br /> A. All building demolition, parking lot demolition, site demolition and restoration work shall be completed by <br /> September 30,2016 and ready for final payment in accordance with Paragraph 14.07 of the General Conditions on <br /> or before November 1,2016. <br /> 4.03 Liquidated Damages <br /> A. Contractor and Owner recognize that time is of the essence of this Agreement and that Owner will suffer financial <br /> loss if the Work is not completed within the times specified in Paragraph 4.02 above,plus any extensions thereof <br /> allowed in accordance with Article 12 of the General Conditions. The parties also recognize the delays, expense, <br /> and difficulties involved in proving in a legal or arbitration proceeding the actual loss suffered by Owner if the <br /> Work is not completed on time.Accordingly,instead of requiring any such proof,Owner and Contractor agree that <br /> as liquidated damages for delay(but not as a penalty),Contractor shall pay Owner a daily charge for each day that <br /> expires after the time specified in Paragraph 4.02 for Milestones and/or Substantial Completion until the Work for <br /> the Milestones and/or Substantial Completion is complete. After Substantial Completion, if Contractor shall <br /> neglect,refuse, or fail to complete the remaining Work within the Contract Time or any proper extension thereof <br /> granted by Owner, Contractor shall pay Owner daily charge for each day that expires after the time specified in <br /> Paragraph 4.02 for completion and readiness for final payment until the Work is completed and ready for final <br /> Standard Form of Agreement <br /> 00 52 004 <br />