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CITY OF SANTA ANA <br />Construction Contract <br />PROJECT NO, 16 -6851 <br />NEWHOPE, CIVIC CENTER AND GRAND BIKE LANES <br />increase or decrease the amount of any class or portion of the work or to omit portions of tine <br />work as may be deemed necessary or advisable. <br />4, CONTRACTOR. agrees to complete the Work of IrnprDvement within the tone specified in <br />the Time for Completion of Improvements section of the BID PROPOSAL (Exhibit "A ") <br />including commencing construction within the timeframe therein specified after issuance of a <br />Notice to Proceed. <br />5. The CONTRACTOR will pay, and will require all subcontractors to pay, all employees on <br />the Work of Improvement a salary or wage at least equal to the prevailing salary or wage <br />established for such work as set forth in the wage determinations for this work in accordance <br />with applicable State and Federal law. <br />6. CONTRACTOR shall., after award of this Contract, Atmish two bonds to be approved by the <br />CITY, one in the amount of One Hundred Percent (100 %) 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 1/6) of the Contract price to guarantee payment of ail claims for labor <br />and materials furnished (Payment Bond). This Contract shall not become effective until such <br />bonds are supplied to and approved by the CITY. CONTRACTOR shall, prior to the release <br />of the performance and payment bonds or the retention payment, furnish a warranty <br />performance and payment bond equal to at least ten (10 %) percent of the final Contract price <br />or $1,000, whichever is greater ("Warranty Bond). <br />7, CONTRACTOR shall, upon project completion as a condition of project acceptance, furnish <br />a 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 />Contraot Agreement against material or quality defects for a period of one year after <br />acceptance by the AGENCY, <br />CONTRACTOR shall, after award of this Contract, farnish Certificates of Liability <br />Insurance and Worker's Compensation Insurance as outlined in the General Provisions, to be <br />approved by the CITY. # <br />Page 2 of 3 <br />PWEW <br />