HomeMy WebLinkAbout3654 RESOLUTION NO. 3,654
A RESOLUTION ACCEPTING THE BID OF P. B. PRICE CON-
STRUCTION COMPANY IN THE SUM OF $69,168.55 FOR CON-
STRUCTION OF CERTAIN STORM DRAINAGE IMPROVEMENTS
HERETOFORE APPROVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK AS PHASE 1, OF THE CITY
WIDE DRAINAGE IMPROVEMENTS PROJECT; AUTHORIZING EX-
ECUTION OF A CONTRACT; AND FOR OTHER PURPOSES.
WHEREAS, invitation to bid was published for the con-
struction of certain storm drainage improvements as Phase 1,
of the City wide drainage improvements project heretofore
approved by the Board of Direcotrs of the City of Little Rock,
and bids were received pursuant thereto according to law;
and
WHEREAS , the lowest responsible and responsive bidder
was that of P. B. Price Construction Company in the sum of
Sixty-Nine Thousand One Hundred Sixty-Eight and 55/100 Dollars
($69,168.55); and
WHEREAS, it is the desire of the Board of Directors to
accept the bid of P. B. Price Construction Company and authorize
the execution of a contract for the construction.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS.
SECTION 1 . The bid of P. B. Price Construction Company
in the sum of Sixty-Nine Thousand One Hundred Sixty-Eight and
55/100 Dollars ($69,168.55) for the construction of certain
storm drainage improvements identified by Phase 1, of the City
wide drainage improvements project for the City of Little Rock
is hereby accepted.
SECTION 2. The Mayor and City Clerk are hereby authorized
and directed to execute for and on behalf of the City of Little
Rock a contract with P. B. Price Construction Company for the
performance of the work and in full compliance with plans and
specifications prepared by the Department of Public Works of
the City of Little Rock and the bid proposal, which contract
shall be in form and substance as follows :
1
C O N T R A C T
THIS CONTRACT AND AGREEMENT, Made and entered into this day of
, 19 , by and between
Party of the First Part; and
Party of the Second Part, WITNESSETH:
That for and in consideration of the payment to be made as hereinafter
set forth, the Party of the First Part hereby agrees to furnish all tools,
labor, equipment, and materials, and to build and construct
in exact accord with the Plans on file in the office of the
, Little Rock, Arkansas, designated
as , and with the copy of said
Plans, Specifications and Proposal being attached hereto and made a
part hereof as fully as though copied in full herein, under the direct
supervision, and to the entire satisfaction of the
, subject to inspection at all times
in accordance with the laws of the State of Arkansas.
It is agreed and understood between the parties hereto that the Party of
the First Part agrees to accept and the Party of the Second Part agrees
to pay for the work at the prices stipulated in said Proposal, such pay-
ment to be in lawful money of The United States, and the payment shall
be made at the time and in the manner set forth in the Specifications.
The Party of the First Part agrees, for the consideration above express-
ed, to begin work within ten days after being ordered to begin work by
the Engineer, and to complete the work within
( ) days. If the Party of the First Part shall fail to
complete the work in the time herein specified, he shall pay to the Party
of the Second Part, as liquidated damages, ascertained and agreed, and
not in the nature of a penalty, the sum of
($ ) for each day delayed,
which shall be deducted from the final amount of estimate made by the
Contractor.
WITNESS OUR HANDS, this the day of , 19
Party of the First Part
By
Party of the Second Part
By
136-1
c
-2-
SECTION 3. The City Manger is hereby authorized and
directed to issue the necessary warrant or warrants in pay-
ment of the contract price hereinabove approved and authorized
in keeping with the terms and provisions of the contract set
forth herein.
SECTION 4. This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: November 7, 1966
A'T'TEST: LJGeej APPROVED:
City Clerk yor