Standard Consnition Docupient_ CCDC 2 = 2008 AGREEMENT BETWEEN OWNER AND CONTRACTOR For use when a stipulated prices theb of payment ‘This Agreement made onthe ___22th__day of September in the year_2023 by and between the parties Centennial College represented by Arthur Mok, Managé ty Operations Thereinafter called the "Owner™ and Kehinde Construction Inc represented by Kehinde Obaleye hhereinafter called the "Contractor" ‘The Owner and the Contractor agree as follows: ARTICLE A-l_ THE WORK The Contractor shall: Ll perform the Work required by the Contract Documents for Adminstrative Building of Centennial College, Morningside Campus Taser abort the name nee Wark located at 755 Morningside Avenue, Scarborough, ON MIC 424 Taser aban he Pace he Wark for which the Agreement has been signed by the parties, and for which Khan Consultant Inc, represented by Mr Nizamuddin Khan Terabe shame of ie Const is acting as and is hereinafter called the "Consultant" and do and fulfill everything indicated by the Contract Documents, and, commence the Workbythe 16th ___day of October _ inthe year _2023 and, subject to adjustmentinrComiract ‘bstantial Performance of the Work, by the 3st! day Time as provided for in the Contract Documents, attain of _January in the year _2025 ARTICLE A-2. AGREEMENTS AND AMENDMENTS, 24 22 ‘The Contract supersedes all prior negotiations, representations or agreements, cther written or oral, relating in-any manne; to the Work, including the bidding documents that are not expressly listed in Article A-3 of the Agreement - CONTRACT DOCUMENTS. ‘The Contract may be amended only as provided in the Contract Documents €cDC 22008 File 005213 Note: This contract is protected by copyright Use of@ CCDC 2 document nt containing @ CCDC 2 copyright eal consis am ifrngemet of copyright. Onl sign thie Contract the dacenet cover page bart CCDC 2 copyright salto demonsrele ti i Untended bythe parte tobe an arcuate and aRamended TST (CCDC 22008 except ta the extent that any aterions dations ar madifietions are set forth supplementary conditions.ARTICLE A-3. CONTRACT DOCUMENTS 3.1 The following are the Contract Documents referred to in Article A-1 of the Agreement - THE WORK: — Agreement between Owner and Contractor = Definitions = The General Conditions ofthe Stipulated Price Contract, {85,765 square feet of 4 storey building consists of 25 Departmental office, 4 Board meeting rooms, 2 IT opi Bloc mm Mechanical rooms. with a Cafeteria room, * insert here, attaching additional pages if required, a list identifying all other Contract Documents e, ‘conditions; information documents; specifications, giving a lst of contents with section numbers and ttle and date; material finishing schedules; drawings, giving drawing number, ttle, date, revision date or mark: : tide, number, date) €cDC 22008 File005213 LI ‘Note This conracs is protected by copyright Use ofa CCDC 2 document not conaning a CCDC 2 copyright seal consis an infringement of eeprigh_ On sign contact the document cover page hears CCDC 2 copyright salt demonstrate hati ilended bythe partes to be an accurate and uneened versio (CCDC 2~ 2008 except ta the extent hat any atertions, adaton or modifications are st forth in supplementary conditions.ARTICLE A-4 CONTRACT PRICE 41 42 43 4a 4s ‘The Contract Price, which excludes Value Added Taxes, is: ‘Twenty-five million seven hundred forty-five thousand five hundred 100 dollars S 25,955,500 Value Added Taxes (of __13 __%) payable by the Owner to the Contractor are: Three million three hundred forty-cight thousand two hundred twenty-five gg dots § xsamp1} otal amount payable by the Owner to the Contractor for the construction of the Work is: ‘Twenty-nine million one hundred three thousand seven hundred fifteen N00 dolters 29s These amounts shall be subject to adjustments as provided in the Contract Documents. All amounts are in Canadian funds. ARTICLE A-S PAYMENT 5.1 Subject to the provisions of the Contract Documents, and in accordance with legislation and statutory reg\lations FESpeCting holdback percentages and, where such legislation or regulations do not exist or apply, subject to a holdback of Ten percent( 10 %jcthle Ovmer shall T make progress payments to the Contractor on account of the Coniract Price when die in the amount certified by.th Consultant together with such Value Added Taxes as may be applicable to such payments, and 2. upon Substantial Performance of the Work, pay to the Contractor the unpaid balance of the holdback amount when due together with such Value Added Taxes as may be applicable to such payment, and 3 upon the issuance of the final certificate for payment, pay to the Contractor the unpaid balance of the Caniract Price when due together with such Value Added Taxes as may be applicable to such payment, 5.2 In the event of loss or damage occurring where payment becomes due under the property and boiler insurance policies, payments shall be made to the Contractor in accordance with the provisions of GC 11.1 = INSURANCE, 53 Interest 1 Should either party fail to make payments as they become due under the terms of the Contract of in-an-award-hy arbitration or court, interest at the following rates on such unpaid amounts shall also become due nd payable until payment: (2) 2% per annum above the prime rate for the first 60 days. 2) 4% per annum above the prime rate after the first 60 days. ‘Such interest shall be compounded on a monthly basis. The prime rate shall be the rate of interest quoted by Bank of Canada (nse name of harered lending instintion whose prime rate tobe wed for prime business loans as it may change from time to time, 2 Interest shall apply at the rate and in the manner preseribed by paragraph 5.3.1 of this Article on the settlement amounl of any claim in dispute that is resolved either pursuant to Part & of the General Conditions ~ DISPUTE RESOLUTION or otherwise, from the date the amount would have been due and payable under the Contract, had it npCbeen in dispute, until the date itis paid, €cDC 22008 File005213 3 Note: This contracts protected by copyright Use of@ CCDC 2 document nt containing «CCDC 2 copyright seal consis am ifrngemet of copyright. Onl gn thie Contract the dace cover page beart CCDC 2 copyright salto demonstra ti i itended by Uh parte tobe an accurate and aRameNdad PST (CCDC 2~ 2008 except ta the extent hat any aterions, dations a madifietions are set forth supplementary cantons.ARTICLE A-6 RECEIPT OF AND ADDRESSES FOR NOTICES IN WRITING 6.1 Notices in Writing will be addressed to the recipient at the address set out below. The delivery of a Notice in iting will he by hhand, by courier, by prepaid first class mul, or by facsimile or other form of electronic communication durirg the'transmission of which no indication of failure of receipt is communicated to the sender. A Notice in Writing delivered by -one party if accordance with this Contract will be deemed to have been received by the other party on the date of delivery if delivered by hand or courier, or if sent by mail it shall be deemed to have been received five calendar days after the date-on-whichrit-was railed, provided that if either such day is not a Working Day, then the Notice in Writing shall be deemed to have heen received cn the Working Day next following such day. A Notice in Writing sent by facsimile or other form of electronic vommunication shall be deemed to have been received on the date ofits transmission provided that if such day is not a Working Day or if itis received after the end of normal business hours on the date of its transmission at the place of receipt, them it shall 0 have been received at the opening of business at the place of receipt on the first Working Day next following the transmissiol) thereof, An address fora party may be changed by Notice in Writing tothe other party setting out the new addres dance With this Article, ‘Owner Centennial College represented by Arthur Mok, Manager - Facility Operations Tame oF Oar 755 Momingside Avenue, Scarborough, ON MIC 474 ‘adress 416-289-5000 centennialmailer@centennialcollege,ca “astern call adress Contractor Kehinde Construction Inc Tame of Conran 1505 Wilson Avenue, North york, ON M3M 1G9 ‘aires 416-722-6291 kobaleye@my centennialcollege.ca Facsimile number ‘emai address Consultant Khan Consultant Inc Tame of Conan 940 Progress Avenue, Scarborough, ON MIG 378 wares 800-268-4419 Khanconsult@yehoo.ca Tactile amber ‘mai adirese * If is intended that the notice must be received by a specific individual, that individual's name shall be indicated, ARTICLE A-7 LANGUAG OF THE CONTRACT {LL When the Contract Dociments re prepared in bth the Balish ad French Inguages, tis agreed tha if tkemvencata sppaenicepaney betwee th English nd Frech version the English FSG ngusge tal revel 2 Complete this statement by striking ou inapplicable orm 12. This Agreement is down in English the quest ofthe paris hereto. La présente convention est ig GANG I Setande ds patti Note: This contracts protected by copyright Use of@ CCDC 2 document nt containing @ CCDC 2 copyright seal consis am ifringement of copsrigkt. Onl sgn thie Contract the dace cover page beart CCDC 2 copyright salto demonsole tii itended by Uh parte tobe an accurate and RaRenGaT TST (CCDC 2~ 2008 except ta the extent that any aterons dations a madifietions are set forth supplementary cantons.ARTICLE A-8 SUCCESSION 8.1 The Contract shall enure to the benefit of and be binding upon the parties hereto, their respective heirs, legal representatives, successors, and assigns, In witness whereof the parties hereto have executed this Agreement by the hands of their duly authorized representatives: SIGNED AND DELIVERED in the presence of: WITNESS, OWNER Centennial College Tame ofowner Hubert Neubrand Associate Viee President, Finance Thame o person signing Tae ane eof person ign Tame of person ging Tae and ie of person sigring WITNESS, CONTRACTOR Kehinde Cointractor Ine ‘ame of Conracor Mr Ifeanyi Oputeh Project Director mine of Poe SERS Tae ad Teo person amg signa sata Mr Kayode Atew Senior Project Manager "rae O Person RIE Tae ad eof person gg NB. Where legal jurisdiction, local practice or Owner or Contractor requirement calls for. (a) proof of authority to execute this document, attach such proof of authority in the form of a certified copy of a resolution naming the representatives) authorized to sign the Agreement for and on behalf of the corporation or patuerskip-or (®) the affxing of a corporate sea, this Agreement should be properly sealed. €cDC 22008 File005213 5 Note: This contracts protected by copyright Use of@ CCDC 2 document nt containing CCDC 2 copyright seal consis am infringement of cepsrigkt_ Onl gn thie Contract the dace cover page bart CCDC 2 copyright salto demonsrole ti i itended by Uh parte tobe an arcuate and aRamenaaT PST (CCDC 2~ 2008 except ta the extent hat any atertons, dations a madifetions are set forth supplementary cantons.