Opening of Bids - Century Center Parking Lot Entry Gate Improvements Proj No 118-035A - Larson Danielson Construction - 2

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or the contractor does not want to post a bond, the following will occur. The contractor shall meet with a Union Representative from Local 395, on a weekly basis. The amount of men needed and the approximate manhours that will be worked will be determined at said meetings. Prior to an ironworker going to work, a cashier's check will be properly made out to Local 395 Fringe Fund Disbursement Office in the amount determined at said meeting to cover all fringe benefits and payroll deductions that could be accumulated in one (1) week. That cashier's check will be delivered immediately to the Fringe Fund Disbursement Office, which will hold the check until the end of the week or the completion of the work, whichever comes first. Upon receipt of an accurate reporting form for actual hours worked, the check will be distributed to the appropriate funds. After receiving the accurate reporting form with the actual hours worked, if the cashier's check does not cover the amount of money due the Fringe Fund office, the underpayment will either be included in the next week's estimated manhour benefit cashier's check or if the job is completed it will be due to the Fringe Fund Disbursement Office within three (3) days of the completion of the job. In the event the estimated cashier's check is greater than the accurate reporting form with the actual hours worked the overpayment will either be deducted and included on the next week's estimated manhour benefit cashier's check or if the job is completed a reimbursement check in the amount of the overpayment will be made out to the contractor and mailed within in three (3) days of the completion of the job. (C) In the event that the contractor fails to comply with these provisions the 35 36