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86199 <br />. been approved in writing by the State District Engineer's authorized <br />representative. <br />Section E. Liquidated Damages <br />All liquidated damages assessed the City's contractor in connection <br />with the construction contract shall result in a credit shared by <br />each party in the same proportion as their total construction cost <br />share covered under this Agreement is to the total contract <br />construction cost before any deduction for liquidated damages. <br />ARTICLE III - PAYMENT BY THE STATE <br />Section A. Estimate and Advancement of the State's Cost Share <br />It is estimated that the State's share of the costs of the contract <br />construction plus the 8 percent construction engineering cost share <br />and a $10,814.84 contingency amount is the sum of $54,000.00 as shown <br />• in the attached Preliminary SCHEDULE "I". The attached Preliminary <br />SCHEDULE "I" was prepared using estimated unit prices. Upon receipt <br />and review of the construction contract bid documents described in <br />Article I, Section B. of this Agreement, the State shall then decide <br />whether to concur in the City's award of the construction contract <br />and, if so, prepare a Revised SCHEDULE "I" based on construction <br />contract unit prices. The contingency amount is provided to cover <br />overruns of the plans estimated quantities of State cost <br />participation construction and State-approved additional construction <br />including construction engineering costs. <br />After the following conditions have been met, the State shall advance <br />to the City the State's total estimated construction cost share, <br />which does not include the 8 percent construction engineering cost <br />share or the contingency amount, as shown in the Revised <br />• <br />7 <br />4'1 <br />