2018-090 Resolution - Laserfiche WebLink

Home Browse Search

Improvement, upto amaximum of8% of the actual construction costs of the water work portion of the Capital Improvement. PURVEYOR shall pay MUNICIPALITY after receipt of an invoice in accordance with the provisions set forth in Paragraph IV. C I Approval of Construction Administration Costs, MUNICIPALITY shall provide most estimates and schedules to PURVEYOR relative to construction administration services, including inspection services and preparation of as -built drawings, and shall obtain PURVEYOR's written approval prior to commencement of construction. 3.shallPURVEYOR shall reimburseMUNICIPALITYf0rC0DStrucUon administration foractual costs incurred, but not 10 exceed 5% nfthe actual construction cost o[the water work. PURVEYOR shall pay MUNICIPALITY after receipt ofan invoice in accordance with the provisions set forth in Paragraph IV. C below. B. Reimbursement of Construction Costs. PURVEYOR shall compensate MUNICIPALITY for the estimated construction costs based on the bid prices of the winning bidder. 1. In those Capital Improvements projects that include items inaddition totile approved water work, the cost of which is at least 1096 of the total contract value, the average total cost (defined as the total vvDL2r work cost, not including any contingency d||OvvanCe, divided by the lineal feet Ofwater main vvOrk\ to perform the water work portion of each Capital Improvement must fall within O range of acceptable average costs, identified in Table 2 (attached hJthese Terms and Conditions). Should the average total cost fall outside the range, PURVEYOR shall pay the upper or lower lirnit value Shown in Table 2, whichever is closer to the actual, average total cost. a. PURVEYOR shall adjust, in accordance with the index in the Engineering News Record, Table 2 no more often than January of each year. PURVEYOR shall send the revised Table Zh)the COG and to any rOUDiC|p8|itv with e [3p|tn| Improvement png8Ct in the upCOming year. Such DdiVStnlentI Shd|| apply only to those construction contracts that ate bid after the GdhUStrnonts have been promulgated. 2. In those Capital Improvement projects in which the cost Oftile water work is more than 90% of the total contract value, the ranges in Table 2 shall not apply. 3. In accordance with Article 8.02 of the Water Service Agreement, as amended, between the parties, PURVEYOR shall not beobligated bo reimburse MUNICIPALITY for any street opening and traffic permits. C. Pavment Process for Reimbursement of Proiect Costs. PURVEYOR shall pay MUNI[IPALlTY for the actual Design costs (subject tOthe limits adjcu|8Lpd in Paragraph IV. A. 1 and in advance for the estimated Construction and Administrative costs of each Capital lnnpr0v8rnCnt. PURVEYOR shall pay MUNICIPALITY for the design, administrative and construction [0S1s within forty-five (45) days Ofreceipt nfan approvable invoice that is in Compliance with PURVEYOR'S policies. MUNICIPALITY shall invoice PURVEYOR for 10