04 - Contract - Interior Demolition Inc - 8 Properties

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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. INSPE~TI~N Contractor shall permit the Agency, or its designees}, to exarnlne and inspect the rehabilitation work. 1n addition, Agency shall have the right to inspect any work performed hereunder to ensure that the work is being and has been performed in 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 sha11 have the right to withhold payment to Contractor until it is so corrected. 9. IJTILITIE~ A~~ C~I~PERATI~I~ while this Agreement is in full force and effect, Agency shall penult Contractor to use existing utilities such as Tight, heat, power and water to carry out and complete the work and shall cooperate with Contractor to facilitate the performance of coverings and furniture, if and to the extent necessary. 1Q. (~C'~UPATI~I~ ~P P1~ENJ[ISE~ The prerr~ises are to be vACAT during the course of the work, 11. ~HAI~~E ~RIIE~~ Any changes or deviations from specifications or 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 andlar changes, the additional contract price and time far completion. 1~. ~(]TI~E ~P C'[IMPLETICI~t The Agency shall execute, acknowledge, a~ad record in the manner provided by law, a notice of completion of work required by this Contract within. fifteen X15} calendar days after final inspection and approval of said rehabilitation work as fully completed by the Agency. 13. ~~~TI~ACT~~.'~ PEE! ~~~PE~.ATI~II~ 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 in the amount of $75,535.00. Payment due Contractor shall be paid within thirty X30} calendar days after the Agency receives Contractor's invoice and satisfactory releases of liens or chinas far liens by Contractor, subcontractors, laborers, and material suppliers for completed work or installed materials, Ten ~ 10%} of such payment to Contractor shall be retained by .Agency. The retention funds shall be released thirty-five X35}calendar days after final inspection and acceptance of all work to be performed by Contractor and Contractor has furnished the Agency, ,satisfactory releases of liens ar claims for liens by Contractor, ~ subcant;ractors, laborers, and material. suppliers ~Natice of Completion filed and recorded with the County Recorder}.