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~ y <br />BETWEEN: <br />AND: <br />CONTRACT NO.: <br />JOB NO.: <br />PUBLIC IMPROVEMENT CONTRACT <br />The City of Eugene, an Oregon <br />Municipal Corporation <br />Lile-Eugene Moving & Storage <br />2004-30855 <br />3825 <br />Gity Recorder's Office <br />Architect <br />Contractor ^ <br />Praject Manager ^ <br />Capy/File ^ <br />(City) <br />(Contractor) <br />PROJECT: Eugene Depot -Temporary Facilities Relocation of Amtrak's furniture, <br />equipment, files and miscellaneous materials from existing historic Eugene <br />Depot to temporary passenger station and storage facility. <br />RECITALS <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 />aze 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 Division (Bid Documents), and permits. <br />AGREEMENT <br />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 prior to the cut-over <br />as possible and during the time of the cut-over; as stated in the bid proposal. <br />3. Contract Sum. The Contract Sum is not-to-exceed $2,442.00, for the Work, as described on the <br />Bid Proposal attached hereto. <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 />