ARTICLE 2 — DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION
DATE
The date of commencement shall be the date of the Notice to Proceed. Completion time for the
project will be calculated, in calendar days, from the date of the issuance of the “Notice to
Proceed”, as follows:
90 calendar days _ for substantial completion
120 calendar days for contract completion
“Substantial completion shall be defined as a project that is functionally complete. Final paving,
new signals and punch list items may still be outstanding. See Division 9, Section 104 - Scope of
Work for additional information).
ARTICLE 3-—- CONTRACT SUM
Subject to additions and deductions by Change Order, the OWNER shall pay CONTRACTOR,
in accordance with the Contract Documents, the Contract Sum of:
FIFTY-FIVE THOUSAND ONE HUNDRED DOLLARS ($55,100.00)
The Contract Sum shall include all items and services necessary for the proper execution and
completion of the Work.
ARTICLE 4 —- INSURANCE AND INDEMNIFICATION
CONTRACTOR shall carry and maintain in effect during the performance of services under this
contract:
>» General liability insurance in the amount of $1,000,000 per occurrence; $2,000,000
aggregate;
> Motor Vehicle Liability: $1,000,000 Combined Single Limit;
*Coverage must include all owned, non-owned and hired vehicles.
» Workers’ Compensation Coverage in compliance with the State of NH Statutes,
$100,000/$500,000/$100,000.
CONTRACTOR and subcontractors at every tier will fully comply with NH RSA Chapter
281-A, “Workers’ Compensation”.
The parties agree that CONTRACTOR shall have the status of and shall perform all work under
this contract as an independent CONTRACTOR, maintaining control over all its consultants, sub
consultants, or subcontractor’s. The only contractual relationship created by this contract is
between the OWNER and CONTRACTOR, and nothing in this contract shall create any
contractual relationship between the OWNER and CONTRACTOR’s consultants, sub
consultants, or subcontractor’s. The parties also agree that CONTRACTOR is not an OWNER
employee and that there shall be no:
Page 2 of 12
