PROJC00481

• Contract/PO #: C153502
• Contractor Name: Santa Maria Reservoir Company
• Contract Type: Loan
• Water District: 0
• County: Hinsdale
• Bill Number: SB 88-30
• Loan Projects - Doc Type: Contract Documents

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minate the feasibility study as to such reservoir by ten (lO)
days written notice, and continue the feasibility study as to
the cause of seepage at the other reservoir. In such case, the
total contract cost set forth in paragraph C.l above shall be
reduced in accordance with the following procedure: The
ENGINEER shall be compensated for services performed to the date
of termination on the terminated portion of the feasibility
study in accordance with the hourly rates and fees set forth in
Exhibit A attached hereto, not to exceed the total contract cost
allocated in Paragraph C.l to the particular dam study being
terminated. The cost of the portion of the feasibility study
not terminated shall then be determined by the following
formula:

[1.0 + 0.15 (100 - elapsed days of CP~) X
100

[the contract
cost allocated
in Paragraph C.l
to the portion of
the study which
is being
continued]

*Contract Period

3. The OWNER may at any time during the term of this
Agreement terminate the feasibility study and this Agreement by
providing ten days' written notice to the ENGINEER. In case of
such termination, the ENGINEER shall be compensated for services
satisfactorily performed to the date of termination in
accordance with the hourly rates and fees set forth in Exhibit A
attached hereto and incorporated herein by this reference. If
the amount due to the ENGINEER pursuant to this provision is
less than amounts previously paid to the ENGINEER by the OWNER
the ENGINEER shall promptly remit to the OWNER any excess funds.

SECTION D - INTEREST ON UNPAID SUMS

If the OWNER fails to make any payment to the ENGINEER
within 45 days of billing for services and expenses, then the
ENGINEER shall be entitled to interest at the rate of ten per-
cent (10%) per annum from said 45th day; provided, however, that
if the delay in payment is caused by the failure of CWCB to
process and pay requests for payment approved by the OWNER, then
the OWNER shall not be liable for such interest costs.

SECTION E - SPECIAL PROVISIONS

The ENGINEER will obtain and maintain, at the ENGINEER 's
expense, such insurance as will protect the ENGINEER from claims
under the Workman I s Compensation Act and such comprehensive

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