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TranSystems Corporation - LGM Construction

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501070099 Federal Express Oakland Sort Expansion Issued for Bid 10/11<br />

SECTION 00500 - CONSTRUCTION AGREEMENT FORMS<br />

1.1 AGREEMENT FORMS<br />

A. The following applicable construction agreement forms are included in this Project Manual:<br />

1. Federal Express <strong>Corporation</strong>’s Standard Form <strong>Construction</strong> Agreement shall be executed for<br />

this project and is included in Appendix A of this Project Manual<br />

1.2 MEASUREMENT AND PAYMENT<br />

A. Measurement and payment shall be based on the units listed on the Schedule of Values and shall<br />

include full compensation for furnishing all materials, all preparation, assembly, and installation of<br />

these materials, and for all labor, equipment, tools, and incidentals necessary to complete each item.<br />

1.3 LIQUIDATED DAMAGES<br />

A. Liquidated Damages shall equate to $14,500 per calendar day for each day that the project is not<br />

Substantially Complete per the required dates stated in the Contract Documents.<br />

B. Project Manual Appendix A: Federal Express will add a new article into the “Federal Express<br />

<strong>Corporation</strong> Standard Form <strong>Construction</strong> Agreement for Fully Designed Projects” to detail specific<br />

language describing Liquidated Damages.<br />

END OF SECTION 00500<br />

CONSTRUCTION AGREEMENT FORMS 00500 - 1

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