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CITY OF SANTA ANA <br />Construction Contract <br />PROJECT NO. 13-2638 <br />PORTOLA PARK IMPROVEMENTS <br />Parking Lot, Basketball, Tennis Court <br />Renovation <br />4. CONTRACTOR agrees to complete the "Portola Park Improvements Parking Lot, Basketball, <br />Tennis Court Renovation" within the time specified in the Time for Completion of <br />Improvements section of the BID PROPOSAL including commencing construction within the <br />timeframe therein specified after issuance of a Noticeto Proceed. <br />5. The CONTRACTOR will pay, and will require all subcontractors to pay, all employees on the <br />"Portola Park Improvements Project Parking Lot, Basketball, Tennis Court Renovation" a <br />salary or wage at least equal to the prevailing salary or wage established for such work <br />as set forth in the wage determinations for this work in accordance with applicable State <br />and Federal law. <br />6. CONTRACTOR shall, after award of this Contract, furnish two bonds to be approved by the <br />CITY, one in the amount of One Hundred Percent (100 1/o) of the Contract price, to guarantee <br />the faithful performance of the work (Performance Bond), and one in the amount of One <br />Hundred Percent (100 %) of the Contract price to guarantee payment of all claims for labor <br />and materials furnished (Payment Bond). This Contract shall not become effective until <br />such bonds are supplied to and approved by the CITY. CONTRACTOR shall, prior to the <br />release of the performance and payment bonds or the retention payment, furnish a <br />warranty performance and payment bond equal to at least ten (10 %) percent of the final <br />Contract price or $1,000, whichever is greater (Warranty Bond). <br />7. CONTRACTOR shall, upon project completion as a condition of project acceptance, furnish a <br />Warranty Payment and Performance bond to be approved by the CITY, in the amount of <br />Twenty -Five Percent (25 %) of the Contract price, to warrant the work done under said <br />Contract Agreement against material or quality defects for a period of one year after <br />acceptance by the AGENCY. <br />8. CONTRACTOR shall, after award of this Contract, furnish Certificates of Liability Insurance <br />and Worker's Compensation Insurance as outlined in the General Provisions, to be <br />approved by the CITY. <br />Page 2 of 3 <br />r <br />