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  2. Finance Committee - Agenda - 3/2/2016 - P26

Finance Committee - Agenda - 3/2/2016 - P26

By dnadmin on Mon, 11/07/2022 - 09:55
Document Date
Wed, 03/02/2016 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 03/02/2016 - 00:00
Page Number
26
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__030220…

STANDARD FORM OF AGREEMENT
BETWEEN OWNER AND CONTRACTOR

THIS AGREEMENT is dated as of the day of in the year 2016 by and between the City of
Nashua, New Hampshire (hereinafter called OWNER) and

. (hereinafter called CONTRACTOR).

OWNER and CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, agree as follows:
ARTICLE 1 - WORK

1.01 CONTRACTOR shall complete all Work as specified or indicated in the Contract Documents.

ARTICLE 2 - THE PROJECT

2.01. The Project for which the Work under the Contract Documents may be the whole or only a part is generally
described as follows:

FY2016 PAVING PROGRAM

ARTICLE 3 - ENGINEER

3.01 The Project has been designed by: Division of Public Works
Engineering Department
9 Riverside St
Nashua, NH 03062

who is hereinafter called ENGINEER and who is to act as OWNER's representative, assume all duties and
responsibilities, and have the rights and authority assigned to ENGINEER in the Contract Documents in connection
with completion of the Work in accordance with the Contract Documents.

ARTICLE 4 - CONTRACT TIMES

4.01 Time of the Essence

A. All time limits for Milestones, if any, Substantial Completion, and completion and readiness for final
payment as stated in the Contract Documents are of the essence of the Contract.

4.02 Dates for Substantial Completion and F inal Payment
A. The Work will be substantially completed by October 15, 2016. Substantial completion occurs when
all paving is complete. The Contract Times commence to run as provided in paragraph 2.03 of the General
Conditions, and completed and ready for final payment, in accordance with paragraph 14.07 of the General
Conditions, by October 31, 2016.

4.03 Liquidated Damages

A. CONTRACTOR and OWNER recognize that time is of the essence of this Agreement and that
OWNER will suffer financial loss if the Work is not completed within the times specified in paragraph 4.02 above, plus

AG -10f6

Page Image
Finance Committee - Agenda - 3/2/2016 - P26

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