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City Hall Reroof <br />Ell< River, Minnesota <br />Accordingly, instead of requiring any such proof, the Owner and the Contractor agree that as <br />liquidated damages for delay (but not as a penalty) the Contractor shall pay the Owner TWO <br />HUNDRED DOLLARS ($200.00) for each day that expires after the completion time specified in <br />Division S as may be adjusted by executed Contract Documents. <br />19. Payment to Contractor <br />Delete section 19.7 from Article 19. <br />Add the following sections to Article 19: <br />19.1.4 The Owner shall retain from each monthly payment 5% of the amount which is determined <br />to be due according to the recommendation of the Engineer. The retainage shall constitute a fund <br />for the payment of claims for materials furnished and labor performed on the project and will be held <br />by the Owner. <br />Replace Section 19.5 with the following: <br />19.5 State law provides that the final estimate will be made within 90 days after completion of all work <br />required under this contract. If, however, the total value of the Contract exceeds $2,000,000, the 90- <br />day requirement will not apply and the time allowed for making such final estimate shall be 180 days <br />after the work under this Contract has been, in all things, completed to the satisfaction of the Engineer. <br />Add the following sections to Article 19: <br />19.8 Payment shall be made to subcontractors within ten (10) day of the CONTRACTOR'S receipt of <br />payment from the OWNER for all undisputed services provided by the subcontractor. Contractor <br />shall pay subcontractor interest, at a rate of 1.5% per month, for any undisputed amounts not paid <br />within the above mentioned timeframe. <br />21. Insurance <br />The limits of liability for the insurance required by Section 21 of the General Conditions shall provide <br />coverage for not less than the following amounts or greater where required by Law and Regulations: <br />A. Workers' Compensation <br />1. State: <br />2. Applicable Federal <br />Statutory <br />Statutory <br />3. Employer's Liability $500,000 Each Occurrence <br />4. Contractor agrees to waive all rights of subrogation against the Owner, the Engineer, and their <br />Subconsultants, employees, officer and directors, for Work performed under Contract. <br />General Conditions 00800 - 23 <br />