Specifications

SECURITY CAMERA SYSTEM UPGRADE AND REPLACEMENT
FOR MONTGOMERY COUNTY DETENTION CENTER
CONSTRUCTION CONTRACT AGREEMENT C-5
16. Term. The Contractor shall achieve Substantial Completion of the entire Work not later
than___________________, subject to adjustments of this Contract Time as provided in the
Contract Documents.
17. 1 Contract Sum. The Board shall pay the Contractor in current funds, for the Contractor's
performance of the Contract, an amount not to exceed the Contract Sum of ______________
and /100 Dollars ($ ), subject to additions and
deductions as provided in the Contract Documents.
17.2 The Contract Sum, including authorized adjustments, is the maximum total amount payable
by the Board to the Contractor for performance of the Work under the Contract Documents. Any
upward change or other upward adjustment or increase in the Contract Sum must be approved by
way of Resolution by the Board in order to be valid. The Contract Sum is based upon the Work plus
the Alternates referred to in Paragraph 9, if any, which are described in the Contract Documents and
which are hereby accepted by the Board.
18. Unit Prices. Unit prices, if any, are attached with Contractor's bid. The unit prices shall
determine the value of extra Work or changes in the Work, as applicable. They shall be considered
complete and shall include all material and equipment, labor, installation costs, overhead and profit.
In no event shall the combined overhead and profit reflected in any unit price exceed fifteen percent
(15%) of the cost of that unit. All labor prices shall be in accordance with the prevailing wages as
stated in the Contract Documents. Unit prices shall be used uniformly for additions and deductions.
19. Liquidated Damages. Time is of the essence to the Contract Documents and all obligations
thereunder. Contractor agrees and acknowledges that (1) Board is entitled to full and beneficial
occupancy and use of the completed Work upon expiration of the Contract Time and (2) Board has
or will enter into contracts, agreements and commitments based upon Contractor achieving
Substantial Completion of the Work within the Contract Time. Contractor further agrees that if
Contractor fails to cause substantial Completion of the Work or any portion of the Work within the
Contract Time, the Board will sustain extensive damages and loss as a result of such failure, the
exact amount of which will be extremely difficult to ascertain. Therefore, the Board and Contractor
agree as follows:
If Contractor fails to achieve Substantial Completion of the
Work within the Contract Time and as otherwise required by the
Contract Documents, the Board shall be entitled to retain or
recover from the Contractor, as liquidated damages, and not as
a penalty, the following per diem amounts commencing upon the
first day following expiration of the Contract Time and
continuing until the actual Date of Substantial Completion.
Such liquidated damages are hereby agreed to be a reasonable
pre-estimate of damages the Board will incur as a result of
delayed completion of the Work: Two Hundred Twenty-Five
and /100 Dollars ($225.00) per day.