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OWNER -CONTRACTOR AGREEMENT 6. Pursuant to Section 4551 of the Government Code of the State of California, the following provisions shall be a part of this Contract: In entering into a public works contract, the Contractor or Subcontractor offers and agrees to assign to the awarding body all rights, title and interest in and to all courses of action it may have under Section 4 of the Clayton Act (15 U.S.C. Sec. 15) or under the Cartwright Act (Chapter 2 commencing with Section 16700) of Part 2 of Division 7 of the Business and Professions Code, arising from purchases of goods, services or materials pursuant to the public works contract or subcontract. This assignment shall be made and become effective at the time the awarding body tenders final payment to the Contractor without further acknowledgement by the parties. 7. The Owner agrees to pay and the Contractor agrees to accept, in full payment for the work above agreed to be done, the sum of which sum is to be paid according to the provisions of the General and Supplementary Conditions. This sum is payment for performance of work covered by Base Bid. [Insert "and Bid Alternate numbers (list alternates accepted here)" if bid contract contains alternates] 8. The Contractor shall prosecute the Work in a prompt, diligent and workmanlike manner. The time limit for the completion of said Work is [number of calendar days written out and numerically indicated e.g., (Ninety (90). Coordinate this with the Bid Form] calendar days from and after the date the Contractor is instructed in writing by the Architect or Owner to proceed with the work. Should the Work contracted for under this Agreement not be completed within the Contract Performance Period plus, if any, authorized extensions of time, there will be deducted from any money due or that which may become due the Contractor under this Contract the sum of [amount written out] Dollars ($[amount written numerically) Coordinate with the Bid Form.] per day as liquidated damages, but not as a penalty, for each day of delay after the expiration of such period until the final physical completion of the Work and its delivery to Owner. [EDIT]ln addition, extended liquidated damages (same amount as above), may be assessed by the Owner if punch list work is not completed as described in Section 01010, Summary of Work. 9. Contractor agrees to relinquish all claims for costs incurred for any approved extensions of time limit for completion of work unless such extensions are due to the willful and negligent acts of the Owner or Architect.