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3. Precedence of Contract Documents <br />In the event of a conflict between component parts of the Contract Documents, the document highest in <br />precedence shall control. The precedence shall be as follows: <br />1. Agreement, as amended by contract change orders. <br />2. All Bidding Documents, as amended by Addenda. <br />3. General Provisions. <br />4. City Standard Specifications. <br />5. Special Provisions. <br />6. Drawings prepared by the Cites Architect. <br />4. Addendums <br />The following addendums are incorporated into the Contract Documents: <br />No. Date of Issue: <br />1. May 11, 2007 <br />2. May 15, 2007 <br />5. Contract Term <br />City shall issue a Notice to Proceed that identifies the date on which the Contract shall commence, and <br />this date may be referred to as the "Contract Commencement Date." Contractor is authorized to <br />commence Work on the Contract Commencement Date, and Contractor shall commence the Work no <br />later than fifteen (15) days after the Contract Commencement Date. The Work shall be diligently <br />prosecuted and all of the Work shall be completed within 365 calendar days. <br />6. Time is of the Essence /Liquidated Damages <br />City and Contractor recognize that time is of the essence in this Agreement and that City will suffer financial <br />loss in the form of contract administration expenses and loss of program revenue, if Work is not completed <br />within the time specified above, plus any extensions thereof allowed in accordance with the Contract <br />Documents. Consistent with paragraph 15 of Document 00700 General Conditions, City and Contractor <br />agree that because of the nature of the Project, it would be impractical or extremely difficult to fix the <br />amount of actual damages incurred by City because of a delay in completion of the Work. Accordingly, City <br />and Contractor agree that as liquidated damages for delay, Contractor shall pay City: <br />$1500.00 for each day that expires after the time specified herein for Contractor to achieve Substantial <br />Completion, until the Work achieves Substantial Completion; and, <br />$200.00 for each day that expires after the time specified herein for Contractor to achieve Final Completion, <br />until the Work achieves Final Completion. <br />00520 -Page 2 of 5 <br />AGREEMENT <br />ALVISO ADOBE COMMUNITY PARK <br />CIP No. 987025 <br />