Construction Fund AGREEMENT This Agreement made as of the day of Article I , 20 , by and between General Provisions the State University Construction Fund, whose Section 1.01 Definitions address is The State University Plaza, 353 Broadway, Albany, New York 12246, hereinafter Where the following words and expressions are used referred to as the "Fund", and in the Contract Documents it is understood that they have the meaning set forth as follows: Consultant The Architect or Engineer named in the Notice to Bidders or such other person hereinafter referred to as the "Contractor" . or firm designated by the Fund to provide general administration of the Contract and inspection of the work. WITNESSETH: Bidding Notice to Bidders, Information for The parties hereto agree that the Contractor shall (a) Documents Bidders and Proposals furnish and perform all work of every kind required and all other things necessary to complete in the Bonds Performance Bond and Labor and most substantial and workmanlike manner the Material Bond construction of Contract or The Agreement, Bonds, Specifications, Contract Drawings, Addenda issued prior to the Documents opening of bids and Change Orders issued after award of the Contract. at the Fund or Construction Fund Owner in strict accordance with the Contract Documents; Notice of Letter of Intent (b) complete all work necessary for substantial completion by . Project The facility or facilities to be constructed or within days, starting trial receipt of the including all usual, appropriate and Notice to Proceed, necessary attendant work shown on, described in or mentioned in the [INSTRUCTIONS: Identify substantial completion Contract. date above utilizing only one method.] Site The area within the Contract limit lines, or within the time to such completion may have as shown on the Drawings, and all other been extended in accordance with the Contract areas upon which the Contractor is to Documents; (c) in the event it fails to substantially perform work. complete all the work on time, pay to the Fund liquidated damages in the amount of Work The using, performing, installing, furnishing and supplying of all materials, equipment, labor and incidentals necessary or proper for or incidental to the successful completion of the Project and the carrying out of all duties and obligations imposed upon the for each calendar day of of substantially Contractor by the Contract. completing all the work; and (d) do everything required by the Contract; subject, however, to the Section 1.02 Captions terms, provisions and conditions listed hereinafter.
Construction Fund AGREEMENT This Agreement made as of the day of , 20 , by and between the State University Construction Fund, whose address is The State University Plaza, 353 Broadway, Albany, New York 12246, hereinafter referred to as the "Fund", and hereinafter referred to as the "Contractor" . WITNESSETH: The parties hereto agree that the Contractor shall (a) furnish and perform all work of every kind required and all other things necessary to complete in the most substantial and workmanlike manner the construction of at the in strict accordance with the Contract Documents; (b) complete all work necessary for substantial completion by . or within days, starting receipt of the Notice to Proceed, [INSTRUCTIONS: Identify substantial completion date above utilizing only one method.] or within the time to such completion may have been extended in accordance with the Contract Documents; (c) in the event it fails to substantially complete all the work on time, pay to the Fund liquidated damages in the amount of for each calendar day of of substantially completing all the work; and (d) do everything required by the Contract; subject, however, to the terms, provisions and conditions listed hereinafter. Article I General Provisions Section 1.01 Definitions Where the following words and expressions are used in the Contract Documents it is understood that they have the meaning set forth as follows: Consultant The Architect or Engineer named in the Notice to Bidders or such other person or firm designated by the Fund to provide general administration of the Contract and inspection of the work. Bidding Notice to Bidders, Information for Documents Bidders and Proposals Bonds Performance Bond and Labor and Material Bond Contract or The Agreement, Bonds, Specifications, Contract Drawings, Addenda issued prior to the Documents opening of bids and Change Orders issued after award of the Contract. Fund or Construction Fund Owner Notice of Letter of Intent Project The facility or facilities to be constructed including all usual, appropriate and necessary attendant work shown on, described in or mentioned in the Contract. Site The area within the Contract limit lines, as shown on the Drawings, and all other areas upon which the Contractor is to perform work. Work The using, performing, installing, furnishing and supplying of all materials, equipment, labor and incidentals necessary or proper for or incidental to the successful completion of the Project and the carrying out of all duties and obligations imposed upon the Contractor by the Contract. Section 1.02 Captions trial
ConstructionAgreement.docx