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Payment: <br /> Payment will be made upon submittal of an invoice to the City on a net 30-day basis <br /> following City acceptance of the work (there will be no partial payments, nor change <br /> orders). An IC 134 form may be required prior to final payment. <br /> Proposal(s) Duration: <br /> The Contractor in submitting their proposal, acknowledges the amount shall be <br /> honored for a period of 90 days from the date of submission. <br /> Warranty/Guarantee: <br /> The Contractor warrants and guarantees to the Owner that all installation Work will <br /> be of good quality and free from faults or defects in accordance with this RFP. All <br /> defective Work may be rejected. <br /> If required by the Owner,prior to payment,the Contractor will promptly without cost <br /> to the Owner, correct defective Work, or replace it with non-defective Work. If the <br /> Contractor does not correct such defective Work or remove and replace within a <br /> reasonable time, the Owner may have the deficiency corrected or the rejected Work <br /> removed and replaced. All direct or indirect costs of such correction or removal and <br /> replacement, including compensation for additional professional services shall be <br /> paid by the Contractor, or deducted by the Owner, all such costs from the quoted <br /> contract price. <br /> If, instead of requiring correction or removal and replacement of defective Work, the <br /> Owner (prior to approval of final payment) prefers to accept it, they may do so. In <br /> such case, if the acceptance occurs prior to final payment, a Statement shall be issued <br /> incorporating the necessary revisions, including appropriate reductions in Contract <br /> Price. <br /> All manufactured boardwalk, decks, walls, and bridge-like components and <br /> associated installation of play equipment shall be warrantied for a period of one year. <br /> Specification Reference: <br /> The Contractor shall conduct his/her work in conformance with the specifications set <br /> forth herein, and in accordance with safe construction practices. Additionally, the <br /> Contractor must be licensed to work in the City of Ramsey, at the time work may <br /> commence. <br />