Arkansas - Round Mountain Water System Improvement Project_Contract & Scope of Work

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licenses, certifications, approvals, insurance, permits or any such similar requirements necessary for Grantee to properly perform this contract, shall be deemed to be a default by Grantee and grounds for termination of this contract by the State. 17. Tax Exempt Status Grantee acknowledges that the State of Colorado is not liabie for any sales, use, excise, property or other taxes imposed by any Federal, State or local government tax authority. The State also is not liable for any Grantee franchise or income related tax. No taxes of any kind shall be charged to the State. 18. Legal Authority Grantee warrants that it possesses the legal authority to enter into this contract and that it has taken all actions required by its procedures, by-laws, and/or applicable laws to exercise that authority, and to lawfully authorize its undersigned signatory to execute this contract and to bind Grantee to its terms. Grantee agrees it shall submit voluntarily to the personal jurisdiction of the Federal and State courts in the State of Colorado and venue in the City and County of Denver, Colorado. The person(s) executing this contract on behalf of Grantee warrant(s) that such person(s) have full authorization to execute this contract. 19. Compliance with Applicable Law 19.1 Grantee shall at all times during the execution of this contract strictly adhere to, and comply with, all applicable Federal and Colorado State laws, and their implementing regulations, as they currently exist and may hereafter be amended, which laws and regulations are incorporated herein by this reference as terms and conditions of this contract. Grantee also shall require compliance with such laws and regulations by subcontractors under subcontracts permitted under this contract. REMEDIES 20. Remedies In addition to any other remedies provided for in this contract, and without limiting the remedies otherwise available at law or in equity, the State may exercise the following remedial actions if Grantee substantiaAy fails to satisfy or perform the duties and obligations in this contract. "Substantial failure" to satisfy duties and obligations shall be defined to mean material, insufficient, incorrect or improper perFormance, activities, or inaction by Grantee. These remedial actions are as follows: (a) Suspend Grantee's performance pending necessary corrective action as specified by the State, without Grantee's entitlement to adjustment in price/cost or schedule. Furthermore, at the State's option, a directive to suspend may include suspension of this entire contract or any particular part of this contract that the State determines in good faith would not be beneficial or in the State's best interests due to Grantee's substantial non-performance. Accordingly, the State shall not be liable to Grantee for costs incurred after the State has duly notified Grantee of the suspension of performance under this provision, and Grantee shall promptly cease performance and incurring costs in accordance with the State's directive; (b) Withhold payment to Grantee until the necessary Services or Goods or corrections in performance, development or manufacture are satisfactority completed; (c) Request the removal from work on this contract of employees or agents of Grantee identified by the State, in its reasonable }udgment, as being incompetent, careless, insubordinate, unsuitable, or otherwise unacceptable, or whose continued employment on this contract the State deems to be contrary to the public interest or not in the best interests of the State; (d) Deny payment for those Services or obligations which have not been performed and/or Goods which have not been provided and which, due to circumstances caused by Grantee, cannot be performed, or if performed would be of no value to the State. Denial of the amount of payment must be reasonably related to the value of work or performance lost to the State; and/or Page 7 of 15 04-11-07