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CITY OF SANTA ANA <br />CONSTRUCTION CONTRACT <br />PROJECT NO. 14-7516 AND 15-7514 <br />RESIDENTIAL STREET REPAIR 13/14 & 14/15 <br />does not expressly or by implication agree that the actual amount of work will correspond <br />therewith, but reserves the right to increase or decrease the amount of any class or portion of <br />the work or to omit portions of the work as may be deemed necessary or advisable. <br />4. CONTRACTOR agrees to complete the Project No, 14-7516 and 15-7514, Residential Street <br />Repair FY 13/14 & 14/15 within the time specified in the Time for Completion of <br />Improvements section of the BID PROPOSAL (Exhibit "A") including commencing <br />construction within the timeframe therein specified after issuance of a Notice to Proceed. <br />5. The CONTRACTOR will pay, and will require all subcontractors to pay, all employees on <br />the Project No. 14-7516 and 15-7514, Residential Street Repair FY 13/14 & 14/15 a salary or <br />wage at least equal to the prevailing salary or wage established for such work as set forth in <br />the wage determinations for this work in accordance with applicable State 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%) 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 (1001/1o) 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 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 />I/ <br />CONTRACTOR shall, upon project completion as a condition of project acceptance, fun -Ash <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 />Contract 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, furnish 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 />