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STATE OF NORTH CAROLINA COUNTY OF CABARRUS STANDARD CONTRACT THIS CONTRACT ( "Contract ") is made and entered into as of the 1" day of August 2012 by and between CABARRUS COUNTY (the "County ") and Ike's Construction, Inc ( "Contractor ") which is a General Contractor located in Concord, NC 1. Background and Purposes Payment of $91,900.00 for all materials and labor to build a Concession Stand & Announcing Booth at Harrisburg Communit)Park for Harrisburg Youth Association's matching incentive grant (00198140- 6813 - 0211). For details of the project please see attached: 2. Services and Scope to be Performed. The Contractor shall provide "Services" at the charges set forth in the attached Exhibit A. In this Contract, Services is defined as the materials, labor, services and /or supplies Contractor is required to provide pursuant to this Contract and all of the Contractor's duties to the County that arise from this Contract or by law. Any amendments, corrections or change orders by either party must be in writing and signed by both parties. The County reserves the right to refuse payment for any work outside that specifically authorized in this Contract or pursuant to a duly approved amendment or change order. 3. Complete Work without Extra Cost Unless otherwise provided, the Contractor shall obtain and provide without additional cost to the County, all labor, materials, equipment, transportation, facilities, services, permits and licenses necessary to perform the Work. 4. Compensation The County shall pay the Contractor for the Services as itemized in Exhibit A. Any additional services needed beyond regularly scheduled Services may require additional charges. The County shall not be obligated to pay the Contractor any payments, fees, expenses, or compensation other than those authorized by this Section or authorized by a duly approved amendment or change order. 5. Term This Contract shall commence on August 2 nd , 2012 This Contract shall not be automatically extended unless agreed to in writing by the County or unless otherwise provided in Exhibit A. 6. Contractor's Billings to County Payments will be made in accordance with this paragraph, unless other-\vise provided in Exhibit A. Contractor shall submit an invoice to the County Finance Department. Upon receipt of the pay request the County Finance Department will verify the amounts and if correct, will pay the correct amount to Contractor within t\vo (2) weeks of verification. Final payment shall be made to the Contractor within thirty (30) days after all work has been fully completed and verified by the County official responsible for the type of Services provided by Contractor. Insurance Contractor shall maintain insurance policies at all times with minim limits as follows Coverage Minimum Limits • Workers' Compensation $100,000 bodily injury by each accident, $100,000 bodily injury by disease per employee, $500,000 bodily injury by disease policy limit • General Liability $1,000,000 per occurrence /$2,000,000 aggregate Attachment number 3 F -5 Page 111