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i.03 THE OWNER AGREES to pay, and the Contractor agrees to accept, in full <br />payment for the performance of this Contract, the Contract amount of: <br /> <br />Seventy Three Thousand, Seven Hundred Seventy Five and no/lO0 ...... Dollars <br /> <br />($ 73,775~00 . .) in accordance with the provisions of the Contract Documents. <br /> <br /> a. No progress payments shall be made because of the short completion <br />time specified. <br /> <br />b. Final payment shall be made upon acceptance of the project by the <br />City Enqineer <br /> <br /> c. Final Payment shall be based on the unit prices as they appear in the <br />bid proposal submitted by the Contractor. <br /> <br />1.04 CONTRACT DOCUMENTS: The Contract comprises the Contract Documents listed <br />under the General Conditions of the Contract including the bid proposal. In the <br />event that any provisions of one Contract Document conflicts with the provisions <br />of another Contract Document, the provisions in that Contract Document first <br />listed below shall govern, except as otherwise specifically stated: <br /> <br />Agreement (This Instrument) <br />Addenda to Contract Documents <br />Bid Proposal <br />Detailed Specification Requirements <br />Drawings <br />General Conditions of the Contract <br />Bonds <br /> <br />1. Performance Bond <br />2. Labor and Material Payment Bond <br />3. Proposal Guaranty or Bid Bond (If Any) <br /> <br />1.05 AUTHORITY AND RESPONSIBILITY OF THE ENGINEER: Ail work shall be done under <br />the general supervision of the Engineer. The Engineer shall decide any and all <br />questions which may arise as to the quality and acceptability of the materials <br />furnished, work performed, rate of progress of work, interpretation of drawings <br />and Specifications and all questions as to the acceptable fulfillment of the <br />Contract on the part of the Contractor. <br /> <br />1.06 SUCCESSORS AND ASSIGNS: This Agreement and all of the covenants hereof <br />shall inure to the benefit of and be binding upon the Owner and the Contractor <br />respectively and his partners, successors, assigns and legal representatives. <br />Neither the Owner nor the Contractor shall have the right to assign, transfer <br />or sublet his interests or obligations hereunder without written consent of the <br />other party. <br /> <br />Page 2 of 3 <br /> <br /> <br />