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3843 RESOLUTION NO. 3, 843 A RESOLUTION AWARDING A CONTRACT TO BEMBERG IRON WORKS FOR STEEL RAILINGS FOR THE FOX AND WOLF DISPLAYS AT THE LITTLE ROCK MUNICIPAL ZOO;AUTHORIZING PAYMENT; AND FOR OTHER PURPOSES. WHEREAS, invitation to bid was duly advertised and bids received pursuant thereto for construction and installation of steel railings and gates for the fox and wolf displays at the Little Rock Municipal Zoo all in accordance with law; and WHEREAS, the lowest responsible and responsive bid received was that of Bemberg Iron Works in the amount of Two Thousand Four Hundred Thirty and No/100 Dollars ($2,430.00) ; and WHEREAS, it is the desire of the Board of Directors to award a contract for said construction to said Bemberg Iron Works which construction shall be in accordance with plans, specifications and bid proposal on file in the office of the Purchasing Agent. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS. SECTION1. The bid of Bemberg Iron Works in the amount of Two Thousand Four Hundred Thirty and No/100 Dollars ($2,430.00) for the construction and installation of steel railings and gates at the fox and wolf displays at the Little Rock Municipal Zoo is hereby accepted and the Mayor and City Clerk are hereby authorized and directed to execute a contract for and on behalf of the City of Little Rock with said Bemberg Iron Works which contract shall be in form and substance as follows : 4 C O N T R A C T WITNESS this agreement made this day of 196_by and between the City of Little Rock, Arkansas, hereafter called owner and hereafter called CONTRACTOR, wherein the OWNER and CONTRACTOR, for the considerations hereafter set forth , agree as follows : ARTICLE I . SCOPE OF WORK The CONTRACTOR shall furnish all of the materials and perform all of the work shown on the drawings and designated in the specifications entitled : prepared by : and shall do everything required by this Contract, the General Conditions, Special Conditions, drawings, specifications and other contract documents, if any . ARTICLE 2. TIME OF COMPLETION The prosecution of the work by CONTRACTOR shall be commenced within days from issuance of a work order and the work shall be completed within consecutive days thereafter . Liquidated damages shall be assessed against the CONTRACTOR and deducted from final payment at the rate of S per day for each day following the aforesaid date of completion until the work shall have been completed. ( If no sum is shown - 2 - in this paragraph, there shall be no liquidated damages applicable to work) . The amount of liquidated damages is acknowledged by both parties as reasonable and is not in the nature of a penalty . ARTICLE 3. CONTRACT SUM OWNER shall pay to the CONTRACTOR for performance of the Contract, subject to proper additions and deductions according to the terms thereof, the following sum : Where the quantities originally contemplated are so changed that enforcement of the Contract sum upon either party shall 1 tend to create an inequity or hardship, there shall be an equitable adjustment of the Contract sum to prevent any such 1 hardship. OWNER reserves the right to make changes in the quantities required hereunder and any such changes shall cause equitable adjustments of the Contract sum . ARTICLE 4 . INTERIM AND PROGRESS PAYMENTS OWNER shall make progress payments to the CONTRACTOR, or his assigns, as follows; 1 4 - 3 - ARTICLE 5 . ACCEPTANCE AND FINAL PAYMENT Final payment shall be due CONTRACTOR days after completion of the work and acceptance thereof by the City Manager, Inspec- tion and final approval by the City Manager, or his authorized agents, shall be made immediately upon notice of completion by CONTRACTOR and final approval shall not be arbitrarily or unreasonably withheld. Before issuance of final payment the CONTRACTOR shall submit evidence satisfactory to the City Manager that all laborers, materialmen , subcontractors and other creditors have been paid or otherwise satisfied. In the event of substantial completion of the work, though full completion be temporarily impossible due to no fault of the CONTRACTOR, the OWNER shall make payment for the work actually performed, completed and accepted, and the contract shall not be terminated . ARTICLE 6 . CONTRACT DOCUMENTS The General Conditions of the Contract, Special Conditions, Plans, Specifications, bid proposal and this Contract shall constitute the Contract Documents and are a part of this Contract as if attached hereto and set forth in the body hereof . The following by name constitute the Contract Documents . IN WITNESS WHEREOF the parties hereto have executed this Contract on the day and year aforesaid . CITY OF LITTLE ROCK, ARKANSAS (OWNER) BY ATTEST : Mayor City Clerk (CONTRACTOR) BY ATTEST : (President - Partner - Proprietor) 0 Secretary -3- SECTION 2. Upon completion of the construction and installation as herein provided for all in accordance with plans, specifications and bid proposal the City Manager and Director of Finance are hereby authorized and directed to pay the contract price in accordance with the terms and conditions of said contract. Payment of the contract price shall be from appropriations heretofore made from Project 92 - Parks. SECTION 3. This Resolution shall be in full force and effect from and after its adoption. ADOPTED: September 18, 1967 ATTEST`/a.",Ccu cj J APPROVED: ' City Clerk Mayor