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CITY OF SANTA ANA <br />CONSTRUCTION CONTRACT <br />PROJECT NO. 1.6-2671 <br />60MO KORAL SIDEWALK RENOVATIONS <br />The BID PROPOSAL contains a schedule of unit price(s) or hemp sum(s) based on <br />approximate quantities only, and the City does not expressly or by implication agree that the <br />actual amount of work will correspond therewith, but reseives the right to increase or <br />decrease the amount of any class or portion of the work or to omit portions of the work as <br />may be deeined 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 BID PROPOSAL (Exhibit "A") <br />including cormnencing construction within the timeframe therein specified 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, 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 (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 <br />heretention payment, Rimish a warranty performance and payment bond (Warranty Bond). <br />Said Warranty Bond shall also be required as a condition of project acceptance. For projects <br />up to $500,000, the Warranty Bond amount shall be the greater of $10,000 or 20% of the <br />final contract price. For projects above $500,000, the Warranty Bond amount shall bo the <br />greater of $100,000 or 10% of the final contract price, <br />S. 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 />11 <br />Page 2 of 3 <br />23A-32 <br />