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.~~ <br />PUBLIC IMPROVEMENT CONTRACT <br />BETWEEN: The City of Eugene, an Oregon <br />Municipal Corporation <br />AND: Christenson Technology Services <br />CONTRACT NO.: 2004-03846 <br />JOB NO.: 3825 <br />PROJECT: Eugene Depot Temporary Facility -Cabling Services <br />RECITALS <br />City Recorder's Office~l <br />Architect ^ <br />Contractor ^ <br />Project Manager ^ <br />Copy/File ^ <br />(City) <br />(Contractor) <br />Contractor was the successful bidder for construction of the improvement described in this contract <br />and more specifically described in the bid documents for the project. The bid documents consist of, but <br />are not limited to, plans, contractor's proposal, standard specifications and special specifications, all of <br />which are on file in the office of Facility Management (Bid Documents), and permits. <br />AGREEMENT <br />~,,. 1. Work to be Performed. Contractor agrees to furnish all labor, material and equipment for and to <br />construct the improvement listed above (the Project), according to the Bid Documents (the "Work"). <br />See attached Exhibit "C". <br />2. Time of Commencement and Completion. Contractor will commence the Work not later than 10 <br />days after City gives its written notice to proceed, and shall complete the Work within the time <br />stated in the bid proposal. <br />3. Contract Sum. The Contract Sum is $4,971.84, which consists of unit prices bid by Contractor <br />multiplied by estimated quantities, together with lump sum amounts for portions of the Work, as <br />described on the Bid Proposal attached hereto. The actual sum payable to Contractor for the Work <br />shall be based on lump sum amounts and actual quantities. <br />4. Progress Payments/Retainage. City shall make progress payments monthly as the Work <br />progresses. Payments shall be based upon estimates of the Work completed and approved by City. <br />Progress payments shall not be considered an acceptance or approval of any of the Work or a waiver <br />of any defects therein. City may reserve as retainage from progress payments an amount not to <br />exceed five percent of the payment. Contractor shall have the right to deposit bonds or securities in <br />lieu of cash retainage, or to have cash retainage deposited in an interest bearing account, in <br />accordance with ORS 279.420. Irrevocable letters of credit from a bank doing business in Oregon <br />will be accepted in lieu of cash retainage. <br />Public Improvement Contract (Comp}-Page 1 <br />(Revised April 1998) <br />