THIS AGREEMENT
is dated as of the 19 th day of August in the year 20 08 ,
by and between Southwest Georgia Ethanol, LLC
(hereinafter called OWNER) and The Scruggs Company
(hereinafter called CONTRACTOR).
OWNER and
CONTRACTOR, in consideration of the mutual covenants hereinafter
set forth, agree as follows:
CONTRACTOR
shall complete all Work as specified or indicated in the Contract
Documents. The Work is generally described as follows: Paving
Project .
The Project for
which the Work under the Contract Documents may be the whole or
only a part is generally described as follows: Paving
Project .
The Project has
been designed by Carter & Sloope, Inc. who is
hereinafter called ENGINEER and who is to act as OWNER’s
representative, assume all duties and responsibilities and have the
rights and authority assigned to ENGINEER in the Contract Documents
in connection with completion of the Work in accordance with the
Contract Documents.
Article 3.
CONTRACT TIME.
3.1. CONTRACTOR
agrees to commence Work under this Agreement on or before a date to
be specified on a written “Notice to Proceed” of the
OWNER and to fully complete the Work within 45
consecutive calendar days from the “Notice to Proceed”
date.
3.2. Liquidated
Damages. OWNER and CONTRACTOR recognize that time is of the essence
of this Agreement and that OWNER will suffer financial loss if the
Work is not completed within the times specified in paragraph 3.1
above, plus any extensions thereof allowed in accordance with
Article 12 of the General Conditions. They also recognize the
delays, expense and difficulties involved in proving in a legal or
arbitration proceeding the actual loss suffered by OWNER if the
Work is not completed on time. Accordingly, instead of requiring
any such proof, OWNER and CONTRACTOR agree that as liquidated
damages for delay (but not as a penalty) CONTRACTOR shall pay OWNER
One Thousand and 00/100 Dollars ($1,000.00) for each
day that expires after the time specified in paragraph
3.1.
|
|
|
|
|
|
|
|
|
First United
Ethanol, LLC (FUEL)
|
|
C&S Project No.:
F3300.001
|
|
Paving
Project
|
|
August 2008
|
A-1
Article 4.
CONTRACT PRICE.
4.1. OWNER
shall pay CONTRACTOR for completion of the Work in accordance with
the Contract Documents in current as follows:
One
million three hundred twenty-two thousand nine hundred eighty-one
dollars and 46/100 Dollars ($ 1,322,981.46 )
Article 5.
PAYMENT PROCEDURES.
CONTRACTOR
shall submit Applications for Payment in accordance with
Article 14 of the General Conditions. Applications for Payment
will be processed by ENGINEER as provided in the General
Conditions.
Article 6.
CONTRACTOR’S REPRESENTATIONS.
In order in
induce OWNER to enter into this Agreement CONTRACTOR makes the
following representations:
6.1. CONTRACTOR
has familiarized itself with the nature and extent of the Contract
Documents, Work, site, locality, and all local conditions and Laws
and Regulations that in any manner may affect cost, progress,
performance or furnishing of the Work.
6.2. CONTRACTOR
has reviewed all information and data shown or indicated on the
Contract Documents with respect to existing Underground Facilities
at or contiguous to the site and assumes responsibility for
verifying the accurate locations of said Underground Facilities.
CONTRACTOR assumes responsibility for coordination of the work with
the Owners of such underground facilities during construction as
provided for in the General Conditions.
6.3. CONTRACTOR
has correlated the results of all such observations, examinations,
and investigations, with the terms and conditions of the Contract
Documents.
6.4. CONTRACTOR
has given ENGINEER written notice of all conflicts, errors or
discrepancies that he has discovered in the Contract Documents and
the written resolution thereof by ENGINEER is acceptable to
CONTRACTOR.
Article 7.
CONTRACT DOCUMENTS.
7.2. Exhibits
to this Agreement
|
|
|
|
|
|
|
|
|
First United
Ethanol, LLC (FUEL)
|
|
C&S Project No.:
F3300.001
|
|
Paving
Project
|
|
August 2008
|
A-2
7.3.
Performance and other Bonds
7.6.
Supplementary Conditions
7.7.
Specifications bearing the title Paving Project and
consisting of Divisions and Sections as listed in Table of Contents
thereof.
7.8. Drawings,
consisting of a cover sheet and sheets numbered 1
through 11 , inclusive with each sheet bearing
the following general title: Paving Project
.
7.9. Addenda
numbers 1 to 1 , inclusive.
7.11.
Documentation submitted by CONTRACTOR prior to Notice of
Award.
7.12. The
following which may be delivered or issued after the Effective Date
of the Agreement and are not attached hereto: All Written
Amendments and other documents amending, modifying, or
supplementing the Contract Documents pursuant to paragraphs 3.4 and
3.5 of the General Conditions.
7.13. The
documents listed in paragraphs 7.2 et seq. above are attached to
this Agreement (except as expressly noted otherwise
above).
There are no
Contract Documents other than those listed above in this
Article 7. The Contract Documents may only be amended,
modified or supplemented as provided in paragraphs 3.4 and 3.5 of
the General Conditions.
8.1 RETAINAGE
OF CONTRACTOR’S PAYMENT.
The retainage
shall be an amount equal to 10% of Contractor’s partial pay
estimate until 50% of the work has been completed. At 50%
completion, further partial payments shall be made in full to the
CONTRACTOR and no additional amounts may be retained unless the
ENGINEER certifies that the job is not proceeding satisfactorily,
but amounts previously retained shall not be paid to the
CONTRACTOR. At 50% completion or any time thereafter when the
progress of the Work is not satisfactory, the 10% retainage may be
reinstated. Upo
|