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Copperstone-CN 960122 CONTRACT DOCUMENTS PARKWAY BOULEVARD BRIDGE OVER. COTTONWOOD CREEK FOR. COPPERSTONE CITY OF COPPELL, DALLAS COUNtrY, TEXAS JANUARY g~-, 1996 OWNER: Copperstone, Ltd. 8300 Douglas, Suite 800 Dallas, Texas 75225 (214) 706-9190 Engineer: Dowdey, Anderson and Associates, Inc. 16250 Dallas Partovay, Suite 100 Dallas, Texas 75248 (214) 931-0694 INDEX CONTRACT AGREElvtENT PROPOSAL INSURANCE CERTIFICATE AMENDMENT TO GENERAL CONDITIONS GENERAL CONDITIONS SPECLA~L CONDITIONS AND TECHNICAL SPECIFICATIONS CONTRACT AGREEMENT This Agreement is dated the ~ day of )'anuary, 1996 by and between Copperstone, Ltd. (Hereinafter called Owner) and I.F. Clack, Inc. (Hereinafter called the Contractor). Owner and Contractor, in consideration of the mutual covenants hereinafter set forth, agree as follows: Article 1. WORK Contractor shall complete all work as specified or indicated in the Contract Documents. The work is generally described as follows: Parkway Boulevard Bridge for Copperstone Addition, reflected in the Construction Plans entitled "Construction Plans for Parkway Boulevard Bridge Over Cottonwood Creek, City of Coppell, Dallas County, Texas", and prepared by Dowdey, Anderson and Associates, Inc. The project for which the Work under the Contract Documents may be the whole or only part is generally described as Copperstone Addition, Coppell, Dallas County, Texas. ARTICLE 2. ENGINEER The project has been designed by Dowdey, Anderson and Associates, Inc., 16250 Dallas Parkway, Suite 100, Dallas, Texas 75248, (214) 931-0694 (hereinafter the Engineer) and who will assume all duties and responsibilities and will have the rights and authority to Engineer in the Contract Documents in connection with completion of the Work in accordance with the Contract Documents. ARTICLE 3. CONTRACT TI34'E The Work will be substantially completed on or before Ninety (90) working days following Contractor's receipt of written Notice to Proceed, and Completed and ready for final payment in accordance with the General Conditions on or before April 11, 1996. P~R. TICLE 4. CONTRACT PRICE Owner shall pay Contractor for performance of the Work in accordance with the Contract Documents in current funds as follows: Five.hundred ninety-seven thousand dollars and 00/100 (5597,000.00). ARTICLE 5. PAYMt;NT PROCEDURES Contractor shall submit application for payment in accordance with Article 14 of the General Conditions. Applications for payment will be processed by Engineer as provided in the General Conditions. 5.1 PROGRESS PAYMENTS. Owner shall make progress payments on account of the Contract price on the basis of Contractor's applications for payment as recommended by Engineer and approved by Owner, on or about the Friday following the 10th of each month during construction as provided below. All progress payments will be on the basis of the pro~ess of the Work measured by the schedule of values provided for in Paragraph 14.1 of the General Conditions. 5.1-A. Prior to substantial completion, progress payments will be made in the amount equal to 90% of the Work completed only. Contractors request for payment shall be as of the 25th day and shall be submitted to the Engineer no later than the last day of each month. 5.1-B. Upon substantial completion, Owner shall pay (within 30 days of receipt of Engineers recommendation for payment) an amount sufficient to increase total payments to Contractor to 90% of the contract price, less such amounts as Engineer and Owner shall determine in accordance with Paragraph 14.13 of the General Conditions. 5.2 FINAL PAYM2EN~I'. Upon final completion and acceptance by the Engineer, Owner and reviewing agency of the Work in accordance with Para~aph 14.13 of the General Conditions, Owner shall pay the remainder of the Contract price as recommended by the Engineer and Owner as provided in said Paragraph 14.13. ARTICLE 6. CONTRACTOR' S REPRESENTATION .. In order to induce Owner to enter into the A~eement, Contractor makes the following representations: 6.1 Contractors have familiarized themselves with the nature and extent of the Contract Documents, Work, locality and with all local conditions and federal, state and local laws, ordinances, rules and regulations that in any manner may affect cost, progress or performance of the Work. 6.2 Contractor has studied carefully all reports of investigation and tests of subsurface and latent physical conditions at the site or otherwise affecting_cost, pro~ess, or performance of the Work which were relied upon by the Engineer in the preparation of the drawing and specifications and which have been identified in the supplementary conditions. 6.3 Contractor has made or caused to be made examinations, investigations, and tests and studies of such reports and related data in addition to those referred to in Paragraph 6.2 as he deems necessary for the performance of the Work at the Contract price, within the Contract Time, and in accordance with the other terms and conditions of the Contract Documents; and no additional examinations, investigations, tests, reports, or other similar data are or will be required by Contractor for such purposes. 6.4 Contractor has correlated the results of all such observations, examinations, errors, or discrepancies that he has discovered in the Contract Documents and the written resolution thereof by Owner is acceptable to Contractor. 6.5 Contractor has given Engineer and Owner written notice of all conflicts, errors, or discrepancies that he has discovered in the written resolution thereof by Owner is acceptable to Contractor. 6.6 All liens of the Contractor and any fight to remove removable improvements are subordinate to the Mortgage and Lender's rights and all subcontracts and purchase orders shall contain a provision subordinating the subcontractors' and materialman's liens and any right to remove removable improvements to the Mortgage and Lender's rights thereunder. No change order shall be effective without the prior written approval of the Lender except for permitted scope changes. ARTICLE 7.0 CONTRACT DOCUMENTS The Contract Documents which comprise the entire agreement between the Owner and Contractor are_attached to this agreement, made part hereof, and consist of the following: 7.1 This a~eement; 7.2 Contractor's Bid Proposal; 7.3 Insurance in the amount reflected in the attached certificate; 7.4 Amendments to General Conditions; 7.5 General Conditions; 7.6 Special Conditions and Technical Specifications; 7.7 Drawings; 7.8 Any modifications, including Change Orders, duly delivered after execution of Agreement. There are no Contract Documents other than those listed above in this Article 7.0. The Contract Documents may only be altered, amended or repealed by modification (as defined in Section 1 of the General Conditions). ARTICLE 8. MISCELLANEOUS 8.1 Terms used in this Agreement which are defined in Article I of the General Conditions shall have the meanings indicated in the General Conditions. 8.2 No assi~mament by a party hereto of any rights under or imerest in the Contract Documents will be binding on another party hereto without the written consent of the part sought to be bound; and specifically but without limitation, moneys that may become due and moneys that are due may not be assi~maed without such consent (except to the extent that the effect of this restriction mat be limited by law), and unless specifically stated to the contrary in any written consent to an assi~mament will release or discharge the assi~maor from any duty or responsibility under the Comract Documents. Not withstanding the foregoing, assi~munent of any or all rights and interests by Owner to Owner's development lender is hereby approved by Contractor. Contractor hereby agrees to subordinate any mechanic's or materialman's liens to the development loan. 8.3 Owner and Contractor each binds himself, his partners, successors, assigns, and legal representatives to the other party hereto, his partners, successors, assigns and legal representatives in respect to all covenants, agreements, and obligations contained in the Contract Documents. ARTICLE 9. OTt:rER PROVISIONS In Witness Whereof, the parties hereto have signed this Agreement in triplicate. One counterpart each has been delivered to Owner, Contractor, and Engineer. All portions of the Contract Document have been signed or identified by Owner and Contractor or by Engineer on their behalf. This Agreement will be effective on the ~_~ day of January, 1996. OWNER: CONTRACTOR: Copperstone, Ltd. J.F. Clack, Inc. 8300 Douglas, Suite 800 Rt. 1 Box 117A Dallas, Texas 75225 Caddo Mills, Texas 75135 (214) 706-9190 (903) 527-3679 James P. Briscoe Briscoe Clark Company, Ltd. xl~dent General Partner Contractor's Bid Proposal Rt. 1 Box 117A Oaddo Mills, Texas 75135 (903) 527-3679 ~anuar¥ 9, [996 Jim Briscoe Br£scae - CLark B300 Douglas Ave. Su~e 80e Dear Jim, The following is a schedule o~ vaiuee ~n~ o~a~ schedule ~or the Parkway Blvd. bridge. I. SU~TRUCTU~ B. Abut~n~s & ~zngs s ~, ~.~ A. Type C ~a~ $ ~,~.~ DRAW FIRST DRAW (2~ working c~ya) SECOND DRAW THIRD DRAW ~OURTH DRAW If you have any fur%her questions, feel =:'ee ::o call $i,noerely, HIGI'IVtAy - HEArty'- UTILITY Rt. 1 Box 117A Caduo Mills, Texas 75135 (903) 527-3679 .- [. January 10, 1996 ' ' Jim Brtscoe : Brlecoe - Clark ~ 8300 Douglas-Ave~ 'Suite 800 -' Dallas, Texas 75225 -' .. Dea~ 3im, · - Here ia an adjusted ~raw schedule ~or the ?at,way Blvd. bridge ~. reflecting the percen=age of completion per your DRAW F[Rb'T DRAW (20 working SE~D DRAW THIRD DRA~ FOURTH D~A~ you have any ~arCher quee~ione~ ~eel .~re~ *.~ call me. " Sincerely, , :.--