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Monterey Peninsula Engineering - 1st Street Water Utility Project No. 16-PW-217SECTION 00500 AGREEMENT FIRST STREET WATER UTILITY IMPROVEMENTS PROJECT PROJECT NUMBER 16 -PW -217 THIS AGREEMENT, made this /` day of T/1 P i p{ by and between the City of Gilroy, hereinafter called the "City," and Monterey Peninsula Engineeringherei n after called the "Contractor." WITNESSETH: WHEREAS, the City has caused the Contract Documents to be prepared comprised of bidding and contract requirements and technical specifications and drawings for the construction of the First Street Water Utility Improvements, as described therein, and WHEREAS, the Contractor has offered to perform the proposed work in accordance with the terms of the Contract Documents. NOW, THEREFORE, in consideration of the mutual covenants and agreements of the parties herein contained and to be performed, the City and Contractor agree as follows: Article 1. Work. Contractor shall complete the Work as specified or indicated in the Contract Documents. Article 2. Contract Time. The Work shall be completed by the Contractor in accordance with the Contract Documents within the time period required by Paragraph 00810 -2.0, Time Allowed for Completion, subject to extension as expressly provided in the Contract Documents. Article 3. Liquidated Damages. The City and the contractor recognize that the City will suffer substantial damages and significant financial loss as a result of the contractor's delays in City of Gilroy First Street Utility Improvements January 2018 Faithful Performance Bond 16 -PW -217 1 00610 -33 performance of the work described in the contract documents. The City and the contractor hereby acknowledge and agree that the damages and financial loss sustained as a result of any such delays in performance will be extremely difficult and impractical to ascertain. Therefore, the City and contractor hereby agree that in the event of such delays in performance, the City shall be entitled to compensation by way of liquidated damages (and not penalty) for the detriment resulting therefrom in accordance with paragraph 00700 -6.5, liquidated damages, of the contract documents. The City and the contractor further agree that the amounts designated as liquidated damages are a reasonable estimate of the City's damages and financial loss in the event of any such delays in performance considering all of the circumstances existing as of the date of this agreement, including the relationship of such amounts to the range of harm to the City which reasonably could be anticipated as of the date of this agreement and the expectation that proof of actual damages would be extremely difficult and impractical. By initialing this paragraph below, the parties hereto signify their approval and consent to the terms of this article 3. City's I als Contractors nitials Paul B. Bruno, Manager Article 4. Contract Price. In consideration of the Contractors performance of the Work in accordance with the Contract Documents, the City shall pay the Contract Price set forth in the Contract Documents. Article 5. Contract Documents. The Contract Documents which comprise the entire agreement between City and Contractor concerning the Work consist of this Agreement (Section 00500 of the Contract Documents) and the following, all of which are hereby incorporated into this Agreement by reference with the same force and effect as if set forth in full. Invitation to Bid Instructions to Bidders Geotechnical Data Bid Documents Bid Schedule Bid Guaranty Bond Designation of Subcontractors Non - Collusion Affidavit City of Gilroy First Street Utility Improvements January 2018 Faithful Performance Bond 16 -PW -217 00610 -34 Agreement Acknowledgements Performance Bond Payment Bond General Conditions Supplementary Conditions General Requirements Standard Specifications (Caltrans) Technical Specifications Drawings Addenda, if any Executed Change Orders, if any Maintenance Bond Notice of Award Notice to Proceed Article 6. Miscellaneous. Capitalized terms used in this Agreement which are defined in Section 01090, References, of the Contract Documents will have the meanings set forth in Section 01090, References. Contractor shall not assign any rights, obligations, duties or responsibilities under or interest in the Contract Documents without the prior written consent of the City, which consent may be withheld by the City in its sole discretion. No assignment by the Contractor of any rights, obligations, duties or responsibilities under or interests in the Contract Documents will be binding on the City without the prior written consent of the City (which consent may be withheld in City's sole discretion); and specifically but without limitation monies that may become due and monies that are due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, executed by the City, no assignment will release or discharge the assignor from any liability, duty, obligation, or responsibility under the Contract Documents. Subject to the foregoing, the Contract Documents shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. Nothing contained in the Contract Documents shall in any way constitute a personal obligation of or impose any personal liability on any employees, officers, directors, agents or representatives of the City or its successor and assigns. In accordance with California Business and Professions Code Section 7030, the Contractor is required by law to be licensed and regulated by the Contractors' State City of Gilroy First Street Utility Improvements January 2018 Faithful Performance Bond 16 -PW -217 00610 -35 License Board which has jurisdiction to investigate complaints against Contractors if a complaint regarding a latent act or omission is filed within four years of the date of the alleged violation. A complaint regarding a latent act or omission pertaining to structural defects must be filed within 10 years of the date of the alleged violation. Any questions concerning the Contractor may be referred to the Registrar, Contractors' State License Board, P.O. Box 26000, Sacramento, California 95826. IN WITNESS WHEREOF, this agreement has been executed on this 50? day of MU n� Monterey Peninsula Engineering 192 Heal_3z Ave, Marina, CA 93933 Name of Contractor Signature of Con actor Paul B. Bruno, Manager Title of Signatory ATTEST: ' _,� sf 4w i, Signature Sandra L. Bruno, Admin. Title of Signatory Signature of City City Administrator Title of Signatory Approved as to form by City Attorney yltlk Title of �gnatory ** *END OF SECTION * ** ` City of Gilroy First Street Utility Improvements January 2018 Faithful Performance Bond 16 -PW -217 00610 -36