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CIN OF SANTA ANA <br />CONSTRUCTION CONTRACT <br />PROJECT N0.17-6612 <br />URGENT REPAIRS -VARIOUS LOCATIONS <br />The PROPOSAL contains a schedule of unit price(s) or lump sum(s) based on approximate <br />quantities only, and the City does not expressly, or by implication agree that the actual <br />amount of work will correspond therewith, but reserves the right to increase or decrease the <br />amount of any class or portion of the work or to omit portions of the work as may be deemed <br />necessary or advisable. <br />4. CONTRACTOR agrees to complete the Work of Improvement within the time specified in <br />the Time for Completion of Improvements section of the PROPOSAL (Exhibit "A") <br />including commencing construction within the timeframe therein specilied 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, famish 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%) 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. <br />7. CONTRACTOR shall, prior to the release of the performance and payment bonds or the <br />retention payment, furnish a warranty performance and payment bond (Warranty Bond). <br />Said Warranty Bond shall also be required as a condition-kproject acceptance. For projects <br />up to $500,000, the Warranty Bond amount shall be the' eater of $10,000 or 20% of the <br />final contract price. For projects above $500,000, the Warranty Bond amount shall be the <br />greater of $100,000 or 10% of the final contract price. <br />8. 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 />Pa e2of3 <br />20► -14 <br />