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/ February 22, 1993 10. ~ LIQUIDATED DAMAGES 'If the CONTRACTOR shalt neglect, fail or refuse to complete the work within the time ageed upon in this purchase order contract or any extension thereof, the CONTRACTOR ' i shall be liable to the OWNER in the amount specified the Special Conditions for this project for each and every calendar day the completion of the work is delayed beyond the time provided in this purchase order contract, as fixed and ageed liquidated damages and not as a penalty. l If the OWNER terminates the CONTRACTOR'S right to proceed, the resulting damage will consist of liquidated damages until such reasonable time as may be required for final completion of the work along with any increased costs incurred by the OWNER in completing the work. ' If the OWNER does not terminate the `CONTRACTOR'S right to proceed, the resulting damage will consist of liquidated damages ~\. '. until the work is completed or accepted. l lThe OWNER shall have the right to deduct from and retain out of monies which may be due or which may become due and payable to the CONTRACTOR, the amount of such ~ . 'liquidated damages; and if the amount so retained by the OWNER is insufficient to pay in / full such liquidated damages, the CONTRACTOR shall pay to the OWNER the amount r '. necessary to effect payment in full of such liquidated damages. M 11. '.PLANS AND WORKING DRAWINGS j The drawings if any, included with this specification are complete and adequate for 1 constructiori. While every effort has been made to have the plans and drawings free of ;~, ' errors and ambiguities, any such points must be brought to OWNER'S attention '~ immediately. J 12. JOB PROGRESS REPORTS The CONTRACTOR will be required to properly complete weekly or daily progess reports, forms for which will be provided by the PROJECT MANAGER. Completed reports must be submitted to the PROJECT MANAGER prior to or at the time of requests for payment. Payment requests will not be processed until progress reports corresponding to the payment period are received. 13. LABOR, MATERIAL AND WAGES Title 8-17-101, C.R.S., as amended is applicable to this purchase order contract and reads, "Colorado labor shall be employed to perform the work to the extent of not less than eighty percent of each type or class of labor in the several classifications of skilled and common labor employed on such project or public works. The term, "Colorado labor, as used in this article means any person who has been a bona fide resident of the State of Colorado for a period of not less than one year, without discrimination as to race, color, creed or religion." Title 8-19-101 to 103 C.R.S. as amended is applicable to this purchase order contract and reads. "A resident bidder shall be allowed preference against a nonresident bidder from a state or foreign country equal to the preference given or required by the state or foreign country in which the nonresident bidder is a resident "