03 - Contract - Hugo Alonso Inc - Relocation

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furnish the Agency, all manufacturer's and supplier's written guarantees and warranties covering materials and equipment furnished under this Contract. Contractor guarantees all materials to be as specified and all work to be completed In a professional manner according to standard practice. Unless otherwise specified, all materials shall be new, Contractor shall leave the work In a finished condition as determined by acceptable building standards and to the satisfaction of the Agency. II~~PE~TI01~S Contractor shall permit the Agency, or its designee~s~, to examine and inspect the rehabilitation work. In addition, Agency shall have the right to inspect any work performed hereunder to ensure that the work is being and has been performed 'n accordance with the applicable federal, state andlor local requirements and this Contract. Contractor agrees that all work found by such inspections not to conform to the applicable requirements to be corrected, and Agency shall have the right to withhold payment to Contractor until it is so corrected. IJTILITIE~ ANI~ C~[~PER,A.TIIII~ while this Agreement is in full force and effect, Agency shall permit Contractor to use existing utilities such as light, heat, power and water to carry out and complete the work and shall cooperate with Contractor to facilitate the performance of coverings and fi~rniture, if and to the extent necessary. I]CCUPATI~~I IMF PREMISES The premises are to be VACANT during the course of the worl~. CI~AI~GE I~R1]ERS Any changes or deviations from specifications ar terms of this Contract shall be effective only upon the prior written consent of the Contractor and the Agency. All change orders will specifically describe the work andlor changes, the additional contract price and time for completion. l~~TICE ~F C~MPLETIIIN The Agency shall execute, acknowledge, and record in the manner provided by law, a notice of completion of work required by this Contract within fi~een X15} calendar days after final Inspection and approval of said rehabilitation work as fu11y campleted by the Agency. C~l~TRA.~T~]R.' ~ FEEI CI)IVIPEI~SATI~N owner agrees to pay Contractor far the full and complete performance of all of Contractor's covenants and responsibilities hereunder In accordance with Exhibit A'n the amount of $~ 55,387.0. Payment due Contractor shall be paid within thirty ~3 0} calendar days aver the Agency receives Contractor's invoice and satisfactory releases of liens or claims far liens by Contractor, subcontractors, laborers, and material suppliers for campleted worl~ or installed materials, Ten X10%) of such payment to Cantractar shall be retained by Agency. The retention funds sha11 be released thirty-flue ~35~ calendar days after final Inspection and acceptance of all work to be performed by Contractor and Cantractar has furnished the Agency, satisfactory releases of liens or claims for liens by Contractor, subcontractors, laborers, and material suppliers Notice of Completion filed and recorded with the County Recorder}. $ 3 7 EXHIBIT 2