<<

&RQWUDFW1RBBBBBBBBBBBBBBBBB







7+(&,7<2)1(:<25. '(3$570(172)62&,$/6(59,&(6 '(3$570(172)+20(/(666(59,&(6     352326$/)25%,'6%,'$*5((0(17 $1'63(&,),&$7,216    )25)851,6+,1*$///$%25$1'0$7(5,$/ 1(&(66$5<$1'5(48,5(')25      (3,1%        3,1%&&'0     6&23( 21&$//3/80%,1*6(59,&(6$79$5,286'(3$570(172) +20(/(666(59,&(6$'8/7$1')$0,/<6+(/7(56  /2&$7,21 &,7<:,'(  3(5,2' 2)3(5)250$1&(7+,57<6,;  0217+6)520'$7(2)7+(127,&(72 352&(('25817,/$//)81'6$5((;3(1'(':,7+21(  237,21725(1(:)257+,57<6,;  0217+6 W-2-196 Rev. 9/17

NOTICE TO BIDDERS

Please note this contract is subject to Local Law 1, Minority‐Owned and Women‐Owned Business Enterprises (MWBE) Requirements. Please ensure all bids are accompanied with a completed Schedule B to be considered responsive. The Schedule B is included in the solicitation documents.

However, Schedule B Waiver requests should be received no later than two (2) weeks prior to the bid due date to ensure proper review. If submitted thereafter, there is a possibility that your request will not be considered.

Additionally, all bids not received by the specified bid close date and time to the Department of Social Services (HRA & DHS), Office of Contracts/Bid Window, 150 , 37th Floor, , NY 10007 will be considered late and will not be accepted.

When delivering bid submissions, all vendors are advised to allow for sufficient time to clear building security, especially if submitting packages. It is the bidder’s responsibility for ensuring that all submissions are received at the correct location by the due date and time.

As of August 1, 2017, the New York Mayor’s Office of Contract Services (MOCS) has launched the Procurement and Sourcing Solutions Portal (PASSPort), a new procurement system that will replace the paper‐VENDEX process. Please visit the PASSPort website by clicking on nyc.gov/passport to learn more about the system and sign up for briefings. NOTICE TO BIDDERS

Please be advised the Project Labor Agreement (PLA) attached and incorporated in this Invitation for Bids has been extended to apply to contracts let prior to July 31, 2020, including this contract. Other than extending the expiration date, all other terms of the PLA continue to apply in full force and effect. W-2-196 Rev. 9/17

NOTICE TO BIDDERS

Please note this contract is subject to Prevailing Wage Rates. The §220 Prevailing Wage Schedule is included in the solicitation documents.

Additionally, all bids not received by the specified bid close date and time to the Department of Social Services (HRA & DHS), Office of Contracts/Bid Window, 150 Greenwich Street, 37th Floor, New York, NY 10007 will be considered late and will not be accepted.

When delivering bid submissions, all vendors are advised to allow for sufficient time to clear building security, especially if submitting packages. It is the bidders responsibility for ensuring that all submissions are received at the correct location by the due date and time.

As of August 1, 2017, the Mayor’s Office of Contract Services (MOCS) has launched the Procurement and Sourcing Solutions Portal (PASSPort), a new procurement system that will replace the paper‐VENDEX process. Please visit the PASSPort website nyc.gov/passport to learn more about the system and sign up for briefings.

Doing Business Data Form To be completed by the City agency prior to distribution Agency Transaction ID Check One Transaction Type (check one)  Proposal  Award  Concession  Economic Development Agreement  Franchise  Grant  Pension Investment Contract  Contract

Any entity receiving, applying for or proposing on an award or agreement must complete a Doing Business Data Form (see Q&A sheet for more information). Please either type responses directly into this fillable form or print answers by hand in black ink, and be sure to fill out the certification box on the last page.Submission of a complete and accurate form is required for a proposal to be considered responsive or for any entity to receive an award or enter into an agreement. This Data Form requires information to be provided on principal officers, owners and senior managers. The name, employer and title of each person identified on the Data Form will be included in a public database of people who do business with the City of New York, as will the organizations that own 10% or more of the enitity. No other information reported on this form will be disclosed to the public. This Data Form is not related to the City's PASSPort registration or VENDEX requirements. Please return the completed Data Form to the City office that supplied it. Please contact the Doing Business Accountability Project at [email protected] or 212-788-8104 with any questions regarding this Data Form. Thank you for your cooperation. If you are completing this form by hand, please print clearly. Entity Information Entity EIN/TIN Entity Name

Filing Status (Select One) NEW:  Data Forms submitted now must include the Entity has never completed a Doing Business Data Form. Fill out the entire form. listing of organizations, as well as individuals, with 10%  Change from previous Data Form dated . Fill out only those sections that have or more ownership of the entity. Until such certification changed, and indicate the name of the persons who no longer hold positions with the entity. of ownership is submitted through a change, new or update  form, a no change form will not be accepted. No Change from previous Data Form dated . Skip to the bottom of the last page.

Entity is a Non-Profit  Yes  No Entity Type  Corporation (any type)  Joint Venture  LLC  Partnership (any type)  Sole Proprietor  Other (specify) Address

City State Zip

Phone E-mail Provide your e-mail address in order to receive notices regarding this form by e-mail.

Principal Officers Please fill in the required identification information for each officer listed below. If the entity has no such officer or its equivalent, please check "This position does not exist." If the entity is filing a Change Form and the person listed is replacing someone who was previously disclosed, please check "This person replaced..." and fill in the name of the person being replaced so his/her name can be removed from the Doing Business Database, and indicate the date that the change became effective.

Chief Executive Officer (CEO) or equivalent officer  This position does not exist The highest ranking officer or manager, such as the President, Executive Director, Sole Proprietor or Chairperson of the Board.

First Name MI Last Birth Date (mm/dd/yy)

Office Title Employer (if not employed by entity)

Home Address

 This person replaced former CEO on date

Chief Financial Officer (CFO) or equivalent officer  This position does not exist The highest ranking financial officer, such as the Treasurer, Comptroller, Financial Director or VP for Finance.

First Name MI Last Birth Date (mm/dd/yy)

Office Title Employer (if not employed by entity)

Home Address

 This person replaced former CFO on date

Chief Operating Officer (COO) or equivalent officer  This position does not exist The highest ranking operational officer, such as the Chief Planning Officer, Director of Operations or VP for Operations.

First Name MI Last Birth Date (mm/dd/yy)

Office Title Employer (if not employed by entity)

Home Address

 This person replaced former COO on date

1/2018 For information or assistance, please contact the Doing Business Accountability Project at [email protected] or 212-788-8104. Principal Owners Please fill in the required identification information for all individuals or organizations that, through stock shares, partnership agreements or other means,own or control 10% or more of the entity. If no individual or organization owners exist, please check the appropriate box to indicate why and skip to the Senior Managers section. If the entity is owned by other companies that control 10% or more of the entity, those companies must be listed. If an owner was identified on the previous page, fill in his/her name and write "See above." If the entity is filing a Change Form, list any individuals or organizations that are no longer owners at the bottom of this section. If more space is needed, attach additional pages labeled "Additional Owners." There are no owners listed because (select one):  The entity is not-for-profit  The entity is an individual  No individual or organization owns 10% or more of the entity Other (explain)

Individual Owners (who own or control 10% or more of the entity) First Name MI Last Birth Date (mm/dd/yy) Office Title Employer (if not employed by entity) Home Address

First Name MI Last Birth Date (mm/dd/yy) Office Title Employer (if not employed by entity) Home Address

Organization Owners (that own or control 10% or more of the entity) Organization Name Organization Name Organization Name

Remove the following previously-reported Principal Owners Name Removal Date Name Removal Date Name Removal Date

Senior Managers Please fill in the required identification information for all senior managers who oversee any of the entity's relevant transactions with the City (e.g., contract managers if this form is for a contract award/proposal, grant managers if for a grant, etc.). Senior managers include anyone who, either by title or duties, has substantial discretion and high-level oversight regarding the solicitation, letting or administration of any transaction with the City. At least one senior manager must be listed, or the Data Form will be considered incomplete. If a senior manager has been identified on a previous page, fill in his/her name and write "See above." If the entity is filing a Change Form, list individuals who are no longer senior managers at the bottom of this section. If more space is needed, attach additional pages labeled "Additional Senior Managers."

Senior Managers First Name MI Last Birth Date (mm/dd/yy) Office Title Employer (if not employed by entity) Home Address

First Name MI Last Birth Date (mm/dd/yy) Office Title Employer (if not employed by entity) Home Address

First Name MI Last Birth Date (mm/dd/yy) Office Title Employer (if not employed by entity) Home Address

Remove the following previously-reported Senior Managers Name removal date

Name removal date

Certification I certify that the information submitted on these two pages and additional pages is accurate and complete. I understand that willful or fraudulent submission of a materially false statement may result in the entity being found non-responsible and therefore denied future City awards. Name Title Entity Name Work Phone # Signature Date Please return this form to the City agency that supplied it to you, not to the Doing Business Accountability Project. Standard Form

ACKNOWLEDGEMENT OF ADDENDA

On-Call Plumbing Services at Various DHS Adult and Family Shelters, Citywide

PIN: 20BCCDM05401/ EPIN: 07120B0010

Bid Due Date: Monday, October 5, 2020 by the close of business day.

Directions: Complete Part I or Part II, whichever is applicable, and sign your name in Part III.

Note: Please submit this Acknowledgement of Addenda with your bid.

Part I Listed below are the dates of issue for each Addendum received in connection with this IFB:

Addendum # 1, Dated , 20 ____

Addendum # 2, Dated , 20 ____

Addendum # 3, Dated , 20 ____

Addendum # 4, Dated , 20 ____

Addendum # 5, Dated , 20 ____

Addendum # 6, Dated , 20 ____

Addendum # 7, Dated , 20 ____

Addendum # 8, Dated , 20 ____

Addendum # 9, Dated , 20 ____

Addendum #10, Dated , 20_ ___

Part II

______No Addendum was received in connection with this IFB.

Part III

Proposer's Name: ______Date: ______

Signature of Authorized Representative: ______W-2-196 Rev. 10/16

OFFICE OF CONTRACTS IMPORTANT NOTICE TO ALL PROSPECTIVE BIDDERS

PIN: 20BCCDM05401 / EPIN: 07120B0010

BID DUE DATE: Monday, October 5, 2020 by the close of business day.

SCOPE: On-Call Plumbing Services at Various DHS Adult and Family Shelters, Citywide

In the event that your organization does not submit a bid for the above referenced contract, you are required to complete the questionnaire provided below if you wish to remain on the active bidders’ list of the Human Resources Administration (HRA). Please forward your responses to: Office of Contracts, 150 Greenwich Street, 37th Floor, New York, NY 10007.

Failure to respond to this request may result in the removal of the name of your organization from HRA’s Bidders’ List. Please telephone (929) 221-5535 if you have any questions concerning the questionnaire. Thank you for your cooperation.

REASONS FOR NOT SUBMITTING A BID (CHECK APPROPRIATE BOXES) [ ] 1. Work or service requested not performed by the company. Please indicate your organization’s type of work or service performed. ______[ ] 2. Bid request received too late. Insufficient time to plan, estimate and submit a bid. [ ] 3. Too busy to consider bidding on this contract. [ ] 4. Unable to meet specifications/other considerations in this proposal. [ ] 5. Specifications unclear, or improper and inappropriate. [ ] 6. Unwilling to accept liability, responsibility, or assessments for liquidated damages [ ] 7. Unable to meet insurance requirements. [ ] 8. Unable to meet bonding requirements. [ ] 9. Unable to bid on all components (i.e., all locations) [ ] 10. Previous unfavorable experience with City contracts/work. Please explain:

[ ] 11. Other (Specify):

Submitted by: Federal ID #:______

(Organization Name)

(Organization Address)

(Prepared by) (PLEASE PRINT)

TELEPHONE #: ______- ______%,',1)250$7,21

(3,1%

3,1%&&'0

 '(6&5,37,212) 21&$//3/80%,1*6(59,&(6$79$5,286 :25. '(3$570(172)+20(/(666(59,&(6$'8/7 $1')$0,/<6+(/7(56

 /2&$7,212):25. &,7<:,'(

 '2&80(176 '662)),&(2)&2175$&76 $9$,/$%/($7 %,'$'0,1,675$7,21 *5((1:,&+675((77+)/5 1(:<25.1(:<25.

 3/$&(2)%,' 6$0($6$%29( 23(1,1*  '$7($1'+2852) 7,0($0 %,'23(1,1* '$7(BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB  35(%,'&21)(5(1&( BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB ± 3/$&( BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

 %,'6(&85,7< 6((3$*(

 ,1685$1&( 6((3$*(6

 3(5)250$1&($1' 3$<0(17%21'6 6((3$*(6

 $*(1&<&217$&7 3(56216 $'0,1,675$7,9(48(67,216±$1'5($0F*,// 3+21(   7(&+1,&$/48(67,216±$1,/:$'+:$1, 3+21(  

,

6(&7,2108/7,3/(35,0(&2175$&7256 6(&7,21/2&$//<%$6('(17(535,6(5(48,5(0(176 /%(  6(&7,21%,'68%0,66,215(48,5(0(176 6(&7,21&203752//(5¶6&(57,),&$7( 6(&7,21352&85(0(1732/,&<%2$5'58/(6 6(&7,216&+('8/(2):$*(5$7(6 6(&7,213520373$<0(17 6(&7,216&+('8/($6&+('8/(2)%21'6$1'/,$%,/,7<,1685$1&(  +($/7+,1685$1&(&29(5$*()250 %,''2&80(176

$$33/,&$7,21)2548$/,),&$7,21 %,'6+((7«««««««««««««««««««««««««««««««««$% %%,' $)),50$7,212)7$;&203/,$1&( 67$7(0(176$1'5(35(6(17$7,2162)%,''(5 &%,''(56³67$7(0(17$6723$57,&,3$7,21,1$1$335(17,&(6+,3352*5$0 $1'$*5((0(17+($/7+$1':(/)$5(352*5$0$1'3(16,213/$1´ ')2502)%,'%21' )2502)%,'%21'$&.12:/('*(0(17 (3(5)250$1&(%21' 3(5)250$1&(%21'$&.12:/('*(0(17 ) 3$<0(17%21' 3$<0(17%21'$&.12:/('*(0(17

(Contract Specifications start here)

6HFWLRQ 'HVFULSWLRQ 3DJH1XPEHU  '(),1,7,216  6&23(2):25.         :25.%<27+(56        &2175$&77(50 &2175$&75(1(:$/  &2175$&725¶6&217$&7        &2175$&725¶648$/,),&$7,216$1'5(48,5(0(176    +28562)23(5$7,21        (;$0,1$7,212)63(&,),&$7,216$1':25.6,7(6    6859(<6$1'(67,0$7(6        &21)/,&7,1&2175$&7        ,17(55837,21$1'7(0325$5<6(59,&(6      3527(&7,21$1'',6326$/2)0$7(5,$/(48,30(17 $1'3,3,1*         &225',1$7,21  6,7(6(&85,7<5(48,50(176       :25.0$16+,3$1'0$7(5,$/       $6%(6726$1'/($'3$,17&/$86(6      &2175$&725¶6*8$5$17((       &2'(6$1')((6         35(9$,/,1*:$*(5$7(6       /$%25  3$<0(17   /,48,'$7(''$0$*(6        ,163(&7,216$1'',60,66$/2)9,2/$7,216     &+$1*(62)/$:       

 ,,,

 $33(1',&(6  6&+('8/(2)35(9$,/,1*:$*(6$1'6833/(0(17$/%(1(),76 $33(1',;,  &216758&7,21(03/2<0(175(3257 $33(1',;,,   352&85(0(17$1'6285&,1*62/87,2163257$/ 3$663RUW   $33(1',;,,,  ()79(1'253$<0(17(152//0(17*(1(5$/,16758&7,216  $33(1',;,9 $1'()79(1'253$<0(17)250  127,&(72%,''(56$33(1',;9  352-(&7/$%25$*5((0(17$33(1',;9,  127,&(72$//35263(&7,9(&2175$&72560,125,7<2:1('$1' :20(12:1('%86,1(66$1'6&+('8/(%    $33(1',;9,,  0:%(35,&(35()(5(1&(5,'(5$33(1',;9,,,  127,&(72%,''(563$<((,1)250$7,213257$/ 3,3    $33(1',;,;  :+,67/(%/2:(53527(&7,21(;3$16,21$&7    $33(1',;;  ,5$1',9(670(17$&7&203/,$1&(5,'(5$33(1',;;,  3$,'6,&./($9(/$:&2175$&75,'(5$33(1',;;,,  +,5,1*$1'(03/2<0(175,'(5$33(1',;;,,,                      

 9,,

6(&7,210,125,7<2:1('$1':20(12:1('%86,1(66(17,7< 352*5$0$1'6&+('8/(% 6(($33(1',&(69,,$1'9,,, 

6(&7,213URFXUHPHQWDQG6RXUFLQJ6ROXWLRQV3RUWDO 3$663RUW 'LVFORVXUH)LOLQJ IRUPHUO\ NQRZQDV9HQGRU,QIRUPDWLRQ([FKDQJH6\VWHP 9(1'(; )RUPVRU&HUWLILFDWHRI1R&KDQJH   $OORUJDQL]DWLRQVLQWHQGLQJWRGREXVLQHVVZLWKWKH&LW\RI1HZ

 

NEW YORK CITY DEPARTMENT OF HOMELESS SERVICES ON-CALL PLUMBING CONTRACT CITYWIDE

BID PAGE

E-PIN#: 07120B0010 PIN #: 20BCCDM05401

This agreement is for a period of thirty-six (36) months from the date of the Notice to Proceed or until all funds are expended. Each trade person shall receive wages from the Contractor which are in accordance with the Prevailing Wage under Labor Law 220.

Bid Price is the Contractors mark up to the current Comptroller issued Labor Law 220 Prevailing Wage Schedule for all trade classifications at the time of work initiation. Work Order Letters requesting Labor Trades not covered by the Labor Law 220 Prevailing Wage Schedule shall have their Schedule of Wages determined by the Comptroller in order to establish a proper classification for the work pursuant to Labor Law 220 (3-A) (a).

The Markup Bid by the Contractor for Labor is to be applied to all Prevailing Wage Rates for all Workers, Laborers and Mechanics engaged by the Contractor during the course of this contract. Contractor mark up shall include all overhead, profit, travel, Insurance, permits, and all clerical and administrative expenses.

D A B C Bid Amount *** Item / Description Contractor’s Markup Percentage Dollar Value ** (column B x column C)

Contractor Markup to be applied to 1 all Prevailing Wage Rates: Labor X $3,600,000.00 $ ______

2 Material Contractor Markup to Material X $2,400,000.00 $ ______Cost: ______

3 Total Bid Price $ ______Totals (1D + 2D = 3D)

This is an On-Call Contract. DHS makes no representations as to total maximum work ordered.

**DOLLAR VALUES SHOWN ARE FOR BIDDING PURPOSES ONLY AND DO NOT REFLECT THE ACTUAL AMOUNTS THAT MAY BE AUTHORIZED.

*** COLUMNS 1B & 2B OF BID CHART WILL SERVE AS MULTIPLIER FOR LABOR AND MATERIAL COSTS.

Markup bid shall be carried to four (4) decimal places only.

Note: The budget for work to be done under this contract is for three years for a total of $6,000,000.00.

The total budget for work to be done under this contract does not guarantee or obligate DHS to issue a required number of Work Orders in excess of the Guaranteed Minimum.

COMPANY REPRESENTATIVE SIGNATURE ______

PRINTED NAME ______

COMPANY ______

EIN # ______

[Type here] 28-A [Type here] (3,1% 3,1%&&'0

1(:<25.&,7< '(3$570(172)+20(/(666(59,&(6

%,'3$*()25&2175$&7)25

*(1(5$/&216758&7,21)2521&$//3/80%,1*6(59,&(6$79$5,286'+6$'8/7 $1')$0,/<6+(/7(56&,7<:,'(

 /80368035,&( 7KHXQGHUVLJQHGKDYLQJH[DPLQHGWKHSURSRVHG&RQWUDFW'RFXPHQWVDQGKDYLQJYLVLWHG WKHVLWHDQGH[DPLQHGWKHFRQGLWLRQVDIIHFWLQJWKH:RUNKHUHE\SURSRVHVDQGDJUHHVWRIXUQLVK DOOODERUPDWHULDOHTXLSPHQWDQGDSSOLDQFHVWRSHUIRUPRSHUDWLRQVQHFHVVDU\WRFRPSOHWHWKH :RUNDVUHTXLUHGE\VDLGSURSRVHG&RQWUDFW'RFXPHQWVIRUWKDWSRUWLRQRIWKH:RUNLGHQWLILHG DV³%DVH%LG´IRUWKHVWLSXODWHGVXPRI

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB'2//$56 BBBBBBBBBBBBBBBBBBBBBBB 

6KRXOGWKH&RQWUDFWRUEHGHHPHGWKHDSSDUHQWORZHVWUHVSRQVLEOHELGGHUD3UH$ZDUG0HHWLQJ ZLOOEHFRQGXFWHGWRUHYLHZDIXOOFRVWEUHDNGRZQRIWKHOXPSVXPSULFHSURYLGHGEHWKH &RQWUDFWRU,QDGGLWLRQ%LGGHUVDUHUHPLQGHGWKDWSXUVXDQWWR6HFWLRQ D   RIWKH ,QIRUPDWLRQIRU%LGGHUVWKRVHXQEDODQFHGELGVPD\EHFDXVHIRUGHWHUPLQDWLRQRIQRQ UHVSRQVLYHQHVV

%LGDPRXQWLVDVVXPHGE\'+6WREHEDVHGRQYHQGRU¶VSHUVRQDOLQVSHFWLRQRIVLWHFRQGLWLRQV DVZHOODVYHULILFDWLRQRIDQ\RWKHULVVXHVUHODWHGWRWKHVSHFLILFDWLRQRIVLWHFRQGLWLRQVZLWK'+6 VWDII

%,''(5¶61$0(BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

%,''(5¶6$''5(66BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

&217$&73(56217(/(3+21(12BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

$87+25,=('6,*1$785(BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

% %%,' (3,1% 3,1%&&'0

7RWDO3ULFH)URP3DJH%

7RWDO3ULFH  BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 'ROODUV 7RWDO SULFHLQZRUGV 

BBBBBBBBBBBBBBBBBBBBBBBBBBBBB  7RWDO3ULFHLQILJXUHV 

%LGGHU

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

%\BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 6LJQDWXUHRI3DUWQHURU&RUSRUDWH2IILFHU

$WWHVW &RUSRUDWH6HDO 

6HFUHWDU\RI&RUSRUDWH%LGGHU

7KH$IILGDYLWRQWKHIROORZLQJSDJHVVKDOOEHVXEVFULEHGDQGVZRUQWREHIRUHD1RWDU\3XEOLFRU &RPPLVVLRQHURI'HHGV

127( ,QFDVHRIDQ\GLVFUHSDQF\EHWZHHQWKHSULFHLQZRUGVDQGWKDWLQILJXUHV WKHORZHVWSULFHZLOOEHFRQVLGHUHGWKHSULFHELG &RQWDFW3HUVRQBBBBBBBBBBBBBBBBBBBBBBBBBB

7HOHSKRQH1XPEHUBBBBBBBBBBBBBBBBBBBBBBBB



(1'2),16758&7,216

)25

%,''(56

 7+,63$*(,6/()7%/$1.,17(17,21$//<

 7+(&,7<2)1(:<25. '(3$570(172)+20(/(666(59,&(6

63(&,),&$7,216)25 )851,6+,1*$///$%25$1'0$7(5,$/61(&(66$5< $1'5(48,5(')25

21&$//3/80%,1*6(59,&(6$79$5,286 $'8/7$1')$0,/<6+(/7(56&,7<:,'(

3(5,2'2)3(5)250$1&( 7+,57<6,;  0217+6)520'$7(2)127,&(72&200(1&(:25.:,7+ 21(237,21725(1(:)257+,57<6,;  0217+6

3,1%&&'0 (3,1%

'LYLVLRQRI)DFLOLWLHV /RJLVWLFV 'HVLJQ &DSLWDO&RQVWUXFWLRQ )DUUDJXW5RDG %URRNO\Q1HZ

6HFWLRQ 'HVFULSWLRQ 3DJH1XPEHU

 '(),1,7,216   6&23(2):25.    :25.%<27+(56   &2175$&77(50    &2175$&75(1(:$/    &2175$&725¶6&217$&7   &2175$&725¶648$/,),&$7,216$1'5(48,5(0(176   +28562)23(5$7,21    (;$0,1$7,212)63(&,),&$7,216$1':25.6,7(6    6859(<6$1'(67,0$7(6   &21)/,&7,1&2175$&7   ,17(55837,21$1'7(0325$5<6(59,&(6   3527(&7,21$1'',6326$/2)0$7(5,$/(48,30(17 $1'3,3,1*   &225',1$7,21    6,7(6(&85,7<5(48,50(176    :25.0$16+,3$1'0$7(5,$/   $6%(6726$1'/($'3$,17&/$86(6   &2175$&725¶6*8$5$17((    &2'(6$1')((6    35(9$,/,1*:$*(5$7(6   /$%25   3$<0(17    /,48,'$7(''$0$*(6    ,163(&7,216$1'',60,66$/2)9,2/$7,216    &+$1*(62)/$:   7(&+1,&$/6&23(2)6(59,&(6   :25.,1,7,$7,21   5(63216(7,0(    3/80%,1*:25.    $//2:$1&()25(48,30(17$1'3(50,76   (;(&87,21$1'3527(&7,212)(;,67,1*:25. 

2  '(),1,7,216

:KHUHYHUPHQWLRQHG

x 7KHWHUP³2ZQHU´VKDOOUHIHUWRWKH&LW\RI1HZ

x 7KH WHUP ³'+6´ RU ³'HSDUWPHQW´ VKDOO UHIHU WR WKH 1HZ

x 7KHWHUP³) /´VKDOOUHIHUWRWKH'HSDUWPHQW¶V'LYLVLRQRI)DFLOLWLHV /RJLVWLFV'HVLJQDQG&DSLWDO&RQVWUXFWLRQ

x 7KH WHUP ³'LUHFWRU´ VKDOO UHIHU WR WKH 'LUHFWRU RI 'HVLJQ DQG &DSLWDO &RQVWUXFWLRQ

x 7KH WHUP ³3URMHFW 0DQDJHU´ VKDOO UHIHU WR WKH GXO\ GHVLJQDWHG UHSUHVHQWDWLYHRIWKH'LUHFWRUDWWKH6LWH

x 7KH WHUP ³&RQWUDFWRU´ VKDOO UHIHU WR WKH DFFHSWHG ORZHVW UHVSRQVLEOH ELGGHUIRUWKHZRUNGHVFULEHGKHUHLQ

x 7KHWHUP³6LWH´VKDOOUHIHUWRWKHZRUNORFDWLRQ

x 0DWHULDO V  LV WKH DPRXQW RI SDUWV DQG HTXLSPHQW QHFHVVDU\ WR FRPSOHWH WKHVSHFLILFVFRSHRIZRUN

x 7LPHLVDQDPRXQWDVDSULFHSHUKRXUIRUODERUWRLQVWDOOPDWHULDOVDQG SHUIRUPZRUN

x 7LPH3ULFHVLQFOXGHDOOQHFHVVDU\ODERUFRVWVEDVHGRQFXUUHQWSUHYDLOLQJ ZDJHV

x 0DUNXS3HUFHQWDJHLQFOXGHVFRVWIRULQVXUDQFHRYHUKHDGSURILWFOHULFDO DGPLQLVWUDWLYHH[SHQVH

 6&23(2):25.

7KLVLVDQRQFDOOFRQWUDFWWRSHUIRUPSOXPELQJUHSDLUVQHZSOXPELQJZRUNDQG UHSODFHPHQW RI SOXPELQJ SDUWV DQG VHUYLFHV DW LGHQWLILHG SURMHFW 6LWHV LQ WKH ERURXJKVRI0DQKDWWDQ%URRNO\Q%URQ[4XHHQVDQG6WDWHQ,VODQGRSHUDWHGE\ '+6 QRWIRUSURILW VKHOWHU RSHUDWRUV XQGHU FRQWUDFW ZLWK '+6 RU XQGHU WKH MXULVGLFWLRQRIRWKHU&LW\RU6WDWH$JHQFLHVZKHQGLUHFWHGWRGRVRE\:RUN2UGHU

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

*XDUDQWHHG0LQLPXP '+6JXDUDQWHHVWKDWIRUWKHHQWLUHFRQWUDFWSHULRGWKDWWKHFRQWUDFWLVLQHIIHFW LH WKURXJKRXWWKHWHUPRIWKHFRQWUDFWSOXVDQ\H[WHQVLRQWKHUHRI LWZLOOLVVXH:RUN 2UGHU/HWWHUVWRWKH&RQWUDFWRUWKHFXPXODWLYHWRWDORIZKLFKVKDOOEH7HQ 7KRXVDQG'ROODUV  RUWZRSHUFHQW  ZKLFKHYHULVWKHOHVVHURIWKH WZR7KH&LW\KDVQRREOLJDWLRQWRRUGHUVHUYLFHVKHUHXQGHULQH[FHVVRIWKH JXDUDQWHHGPLQLPXPDPRXQWVSHFLILHGKHUHLQDQGQRDFWLRQIRUGDPDJHVRUIRU ORVVRISURILWVVKDOODFFUXHWRWKH&RQWUDFWRUE\UHDVRQWKHUHRI

 :25.%<27+(56

'+6UHVHUYHVWKHULJKWGXULQJWKHWHUPVRIWKLVFRQWUDFWWRKDYHZRUNSHUIRUPHG E\LWVRZQVKRSWUDGHVPDQ'+6IXUWKHUUHVHUYHVWKHULJKWWRSHUIRUPSOXPELQJ ZRUNRUWRKDYHRWKHUFRQWUDFWRUVSHUIRUPSOXPELQJZRUNZKHQ'+6GHHPVZRUN FRPSOHWHGXQGHUWKLVFRQWUDFWDVXQWLPHO\RUXQVDWLVIDFWRU\RULIWKLV&RQWUDFWRU LVXQDEOHWRSHUIRUPDZRUNRUGHU1RWZLWKVWDQGLQJDQ\RWKHUSURYLVLRQKHUHLQ '+6 VKDOO UHWDLQ WKH ULJKW WR ELG RXW SOXPELQJ ZRUN WKDW LV UHODWHG WR 6KHOWHU'URS,Q&HQWHUUHQRYDWLRQVDQGQHZFRQVWUXFWLRQRQDSHUSURMHFWEDVLV

 &2175$&77(50

7KLVDJUHHPHQWVKDOOEHIRUDSHULRGRIWKLUW\VL[  PRQWKVIURPWKHGDWHRIWKH 1RWLFH WR 3URFHHG RU XQWLO DOO IXQGV DUH H[SHQGHG ZKLFKHYHU RFFXUV ILUVW 7KH 'HSDUWPHQWUHVHUYHVWKHULJKWWRWHUPLQDWHRUWHPSRUDULO\VXVSHQGWKHFRQWUDFWDW DQ\WLPHGXULQJWKHSHULRGRISHUIRUPDQFHXSRQWHQ  GD\VZULWWHQ1RWLFHWR WKH&RQWUDFWRU

 &2175$&77(50(;7(16,21

'+66+$//+$9(7+(237,21725(1(:7+,6&2175$&7)2583 72 7+5((   <($56 7KLV RSWLRQ WR UHQHZ PD\ EH H[HUFLVHG E\ '+6 E\ QRWLI\LQJ WKH &RQWUDFWRU DW OHDVW VL[W\   GD\V SULRU WR WKH H[SLUDWLRQ RI WKLV FRQWUDFWRILWVLQWHQWWRUHQHZ7KHH[HUFLVHRIWKHRSWLRQE\'+6VKDOOEHVXEMHFW WR DOOUHTXLUHGDSSURYDOVWR WKHUXOHVRIWKH3URFXUHPHQW3ROLF\ %RDUG DQGWKH DSSURSULDWLRQRIIXQGVIRUVXFKRSWLRQSHULRG7KHWHUPRIWKLVFRQWUDFWVKDOOQRW H[FHHGVL[  \HDUV

4  &2175$&725¶6&217$&7

3ULRUWRDZDUGLQJRIFRQWUDFWDOOTXHVWLRQVVKRXOGEHDGGUHVVHGWR

&RQWUDFW2IILFHU 1<&'HSDUWPHQWRI+RPHOHVV6HUYLFHV 2IILFHRI&RQWUDFWVDQG3URFXUHPHQW :RUOG7UDGH&HQWHU 1HZ

 &2175$&725 648$/,),&$7,216$1'5(48,5(0(176

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

E 7UDGHV &UHGHQWLDOV 7KH &RQWUDFWRU VKDOO XVH VXIILFLHQW QXPEHUV RI ZRUNHUV ZKR DUH WKRURXJKO\ WUDLQHG LQ DQG IDPLOLDU ZLWK WKH VSHFLILHG UHTXLUHPHQWV PHWKRGVDQGSURGXFWVDQGZKRDUHGXO\OLFHQVHGDVPD\EHUHTXLUHGE\ORFDO VWDWHIHGHUDODQGDQ\RWKHUDXWKRULWLHVKDYLQJMXULVGLFWLRQ

F &RQWUDFWRUVWDIIVKDOOSHUIRUPZRUNLQFRPSOLDQFHZLWKDOODSSOLFDEOHLQGXVWU\ DQGUHJXODWRU\VWDQGDUGVLQFOXGLQJEXWQRWOLPLWHGWRWKRVHVHWE\ WKH1HZ

G )LQDQFLDO 4XDOLILFDWLRQV 3ULRU WR DZDUG RI WKH FRQWUDFW WKH FRQWUDFWRU VKDOO VXEPLWWR'+6DXGLWHGILQDQFLDOVWDWHPHQWVIRUWKHODVWWKUHH\HDUVLQFOXGLQJ GHWDLOHG FDVK IORZ VWDWHPHQWV GHPRQVWUDWLQJ VWDEOH HTXLW\ )RU WKH PRVW

5 UHFHQWEDODQFHVKHHWWKHUDWLRRIFXUUHQWDVVHWVWRFXUUHQWOLDELOLWLHVPXVWEHDW OHDVW  DQG FXUUHQW DVVHWV PXVW H[FHHG FXUUHQW OLDELOLWLHVE\DWOHDVW 7KH&RQWUDFWRUPXVWGHPRQVWUDWHWKHDELOLW\WRREWDLQDOHWWHURI FUHGLW IURP D UHSXWDEOH ILQDQFLDO LQVWLWXWLRQ LQ WKH PLQLPXP DPRXQW RI  7KH &RQWUDFWRU PXVW DOVR SURYLGH D OHWWHU RQ VXUHW\ OHWWHUKHDG FRQILUPLQJ SRWHQWLDO DYDLODEOH ERQGLQJ FDSDFLW\ WR PHHW WKH PLQLPXP ERQG UHTXLUHPHQWIRUWKHFRQWUDFW7KH&RQWUDFWRUPXVWVXEPLWSURRI RIDYDLODEOH ERQGLQJIURPDOLFHQVHGVXUHW\

H 3ULRUWRWKHDZDUGRIWKHFRQWUDFW'+6ZLOOGHWHUPLQHZKHWKHUWKH&RQWUDFWRU KDV VDWLVIDFWRULO\ GHPRQVWUDWHG LWV DELOLW\ WR SHUIRUP WKH UHTXLUHG ZRUN GHVFULEHGKHUHLQE\HYDOXDWLQJWKHIROORZLQJFDWHJRULHV  2UJDQL]DWLRQDO&DSDELOLW\DQG&DSDFLW\  3URIHVVLRQDODQG7HFKQLFDO([SHULHQFHRIWKH)LUP  4XDQWLW\DQG4XDOLW\RI6LPLODU3URMHFW([SHULHQFH  4XDOLW\4XDQWLW\DQG([SHULHQFHRI6WDII  5HIHUHQFHVIURP&XVWRPHUVRQ&RPSOHWHG3URMHFWV  )LQDQFLDO5HVRXUFHV

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

J 7KH&RQWUDFWRUVKDOOKDYHDYDLODEOHRQDWZHQW\IRXUKRXUEDVLVDZRUNLQJ WHOHSKRQH ZLWK DQVZHULQJ PDFKLQH D IDFVLPLOH PDFKLQH D FRQVWDQWO\ PRQLWRUHG HPDLO DGGUHVV DQG D FHOOXODU WHOHSKRQH IRU UHFHLSW RISURSRVDO UHTXHVWVZRUNRUGHUOHWWHUVDQGFRPPXQLFDWLRQVSHUWDLQLQJWRZRUN

 +28562)23(5$7,21

D $OO6KHOWHUVDUHRSHQKRXUVSHUGD\GD\VSHUZHHN:RUNPD\EHRUGHUHG DWDQ\WLPH

E 2YHUWLPH LV  SP WR  DP 0RQGD\ WKURXJK )ULGD\ DQG DOO GD\ 6DWXUGD\DQG6XQGD\

6 F +ROLGD\ KRXUV DUH PLGQLJKW WR PLGQLJKW IRU DOO &LW\ RI 1HZ

 (;$0,1$7,212)63(&,),&$7,216$1':25.6,7(6

D %HIRUH VXEPLWWLQJ WKH :RUN 2UGHU /HWWHU HVWLPDWH IRU ZRUN WKH &RQWUDFWRU VKDOOEHIDPLOLDUZLWKWKHQDWXUHDQGWKHORFDWLRQRIWKHZRUNLQDGGLWLRQWR DQ\FRQGLWLRQVZKLFKPLJKWDIIHFWWKH&RQWUDFWRU¶VZRUNXQGHUWKLVFRQWUDFW 7KH &RQWUDFWRU VKDOO KDYH IXOO NQRZOHGJH DV WR WUDQVSRUWDWLRQ GLVSRVDO KDQGOLQJ DQG VWRUDJH RI PDWHULDOV ZKLFK ZLOO KDYH D EHDULQJ RQWKH SHUIRUPDQFHRILWVZRUNXQGHUWKHFRQWUDFW

E 7KH&RQWUDFWRUVKDOOH[DPLQHWKHVSHFLILFDWLRQVWRGHWHUPLQHKRZODERUW\SH RI FRQVWUXFWLRQ FOHDUDQFHV VTXDUH IRRWDJHV DQG RWKHU LVVXHV PD\ DIIHFW LWV ZRUN7KHVXEPLVVLRQRIDZRUNRUGHUHVWLPDWHVKDOOEHFRQVWUXHGDVHYLGHQFH WKDWVXFKH[DPLQDWLRQKDVEHHQFRQGXFWHGDQGQRODWHUFODLPVIRUDGGLWLRQDO ODERU HTXLSPHQW RU PDWHULDOV ZKLFK FRXOG KDYH EHHQ IRUHVHHQ E\ VXFK H[DPLQDWLRQZLOOEHUHFRJQL]HGQRUDFFHSWHGE\WKH'HSDUWPHQW

F 7KH VXEPLVVLRQ RI D ZRUN RUGHU HVWLPDWH LQ FVL IRUPDW VKDOO EH WDNHQ DV HYLGHQFHWKDWWKH&RQWUDFWRUKDVYLVLWHGWKH6LWHDQGWKDW'+6KDVDQVZHUHG DOO WKH &RQWUDFWRU¶V TXHVWLRQV DERXW WKH ZRUN WR EH SHUIRUPHG XQGHU WKH FRQWUDFW  7KH &RQWUDFWRU¶V IDLOXUH WR REWDLQ DOO DYDLODEOH LQIRUPDWLRQ DERXW WKLV FRQWUDFW DQG WKH ZRUN WR EH SHUIRUPHG WKHUHXQGHU VKDOO QRW UHOLHYH WKH &RQWUDFWRURIDQ\UHVSRQVLELOLW\WRSHUIRUPWKHZRUNLQDFFRUGDQFHZLWKWKHVH 6SHFLILFDWLRQV

 6859(<6$1'(67,0$7(6

3ULRUWRWKHVXEPLVVLRQRIWKHELGZRUNRUGHUOHWWHUWR'+6WKH&RQWUDFWRUVKDOO YHULI\ DOO VSHFLILF SKDVHV RI WKH VFRSH RI ZRUN DQG EH LQ DJUHHPHQW ZLWK WKH 'HSDUWPHQW¶V UHSUHVHQWDWLYH 6KRXOG WKH &RQWUDFWRU GLVFRYHU DQ\ GLVFUHSDQF\ EHWZHHQDFWXDOVFRSHDQGWKRVHLQGLFDWHGHOVHZKHUHWKDWZRXOGSUHYHQWIROORZLQJ JRRG SUDFWLFH RU WKH LQWHQW RI WKLV &RQWUDFW WKH &RQWUDFWRU VKDOO QRWLI\ WKH 'HSDUWPHQW LQ ZULWLQJ 7KH &RQWUDFWRU VKDOO QRW SURFHHG ZLWK WKH ZRUN XQWLO ZULWWHQ LQVWUXFWLRQV DUH UHFHLYHG IURP '+6 1R H[WUD FRPSHQVDWLRQZLOOEH DOORZHG GXH WR GLIIHUHQFHV EHWZHHQ WKH ZULWWHQ VFRSH RI ZRUN DQG RUDO FRPPXQLFDWLRQVFRQFHUQLQJWKHVFRSHRIZRUN

 &21)/,&7,1&2175$&7

6KRXOGDQ\FRQIOLFWHUURURURPLVVLRQRFFXULQWKHVSHFLILFDWLRQVDQG D PHWKRG RI SHUIRUPLQJ DQ\ SDUW RI WKH ZRUN E  WKH W\SHV RI PDWHULDOV RU HTXLSPHQW QHFHVVDU\RU F WKHTXDQWLWLHV UHTXLUHGLQHYHU\ VXFKVLWXDWLRQWKH&RQWUDFWRU VKDOOEHGHHPHGWRKDYHHVWLPDWHGLQWKHPRVWH[SHQVLYHZD\RISHUIRUPLQJWKH ZRUN XVLQJ RQO\ WKH EHVW PDWHULDO DQG ZRUNPDQVKLS XQOHVV WKH &RQWUDFWRU KDG

7 DVNHG IRU DQG REWDLQHG D FODULILFDWLRQ LQ ZULWLQJ IURP WKH $JHQF\ &KLHI &RQWUDFWLQJ2IILFHU $&&2 SULRUWRVXEPLVVLRQRILWVELG

 ,17(55837,21$1'7(0325$5<6(59,&(6

D 7KH&RQWUDFWRUVKDOOQHLWKHULQWHUUXSWQRURWKHUZLVHLQWHUIHUHZLWKDQ\RIWKH VHUYLFHVDWWKH6LWHZLWKRXWWKHH[SUHVVSHUPLVVLRQRIWKH'HSDUWPHQW¶V3URMHFW 0DQDJHU $Q\ VXFK LQWHUUXSWLRQ VKDOO EH NHSW WR D PLQLPXP WR WKH JUHDWHVW H[WHQW SRVVLEOH DQG VKDOO RQO\ WDNH SODFH GXULQJ WKH WLPHV VSHFLILHG E\ WKH 'HSDUWPHQW

E 8QGHUQRFLUFXPVWDQFHVVKDOOWKH&RQWUDFWRURULWVHPSOR\HHVEHSHUPLWWHGWR XVHDQ\SDUWRIWKH6LWHDVDVKRSDQGRUVWRUDJHZLWKRXWZULWWHQSHUPLVVLRQ IURPWKH'+63URMHFW0DQDJHU

F 8QQHFHVVDU\QRLVHVVKDOOEHDYRLGHGDWDOOWLPHVDQGQHFHVVDU\QRLVHVKDOOEH UHGXFHGWRDPLQLPXP

G :KHUH WKH ZRUN PDNHV WHPSRUDU\ VKXWGRZQ RI VHUYLFHV XQDYRLGDEOH VXFK ZRUN VKDOO EH SHUIRUPHG DW QLJKW RU DW VXFK WLPHV DV ZLOO FDXVH WKH OHDVW LQWHUIHUHQFH ZLWK WKH RSHUDWLRQV DW WKH 6LWH 7KH &RQWUDFWRU VKDOO DUUDQJH WR ZRUN FRQWLQXRXVO\ LQFOXGLQJ RYHUWLPH LI UHTXLUHG WR HQVXUH VKXWGRZQV EH NHSWWRDPLQLPXP7KH&RQWUDFWRUVKDOOJLYHWKH'+63URMHFW0DQDJHUWKUHH  EXVLQHVVGD\VQRWLFHLQZULWLQJRIDQ\UHTXLUHGVKXWGRZQV

H 3XEOLF 7HOHSKRQHV DUH ORFDWHG DW WKH 6LWH IRU XVH E\ WKH &RQWUDFWRU V HPSOR\HHV

I (OHFWULFDO FXUUHQW IRU WHPSRUDU\ OLJKW DQG WKH RSHUDWLRQ RI VPDOO WRROV LV DYDLODEOH DW WKH 6LWH DQG ZLOO EH IXUQLVKHG WR WKH &RQWUDFWRU IRU WKH SHUIRUPDQFHRIZRUNZLWKRXWFRVW

J 7KH&RQWUDFWRUVKDOODUUDQJHZLWKWKH6LWH'LUHFWRUIRUWKHWHPSRUDU\XVHRI FHUWDLQWRLOHWVRUZDVKURRPVDWWKH6LWHGXULQJWKHH[HFXWLRQRIWKHZRUN7KH &RQWUDFWRUVKDOOPDLQWDLQWKHWHPSRUDU\WRLOHWIDFLOLWLHVLQDFOHDQDQGVDQLWDU\ PDQQHU DQG PDNH DOO QHFHVVDU\ UHSDLUV GXH WR PLVXVH E\ WKH &RQWUDFWRU¶V HPSOR\HHV

 3527(&7,21 $1' ',6326$/ 2) 0$7(5,$/ (48,30(17 $1' 3,3,1*

D 7KH &RQWUDFWRU VKDOO WDNH QHFHVVDU\ SUHFDXWLRQV WR SURWHFW WKH SUHPLVHV LQFOXGLQJDOOIORRUVZDOOVZLQGRZVSDUWLWLRQJODVVVKDGHVEOLQGVKDUGZDUH SOXPELQJIL[WXUHVHOHFWULFDOIL[WXUHVHWFIURPGDPDJHGXULQJWKHFRXUVHRI ZRUN 7KH &RQWUDFWRU VKDOO EH KHOG OLDEOH IRU DQ\ GDPDJH DQG VKDOO DW WKH 'HSDUWPHQW¶V RSWLRQ HLWKHU UHSDLU DOO GDPDJH DQG SHUIRUP DOO ZRUN RU

8 UHLPEXUVHWKH'HSDUWPHQWIRUWKHFRVWVRIVXFKSHUIRUPDQFHDQGRUUHSDLU7KH &RQWUDFWRUVKDOOSURYLGHDQGSRVWLQFRQVSLFXRXVORFDWLRQVWHPSRUDU\VLJQVWR GLUHFWDQGSURWHFWWKHSXEOLFDQGHPSOR\HHVDQG&LW\SURSHUW\

E $OOGLUWDQGGHEULVUHVXOWLQJIURPWKHZRUNVKDOOEHWKRURXJKO\FROOHFWHGDQG UHPRYHG IURP WKH SUHPLVHV 7KH &RQWUDFWRU VKDOO QRW DOORZ VXFK GLUW DQG GHEULVWRDFFXPXODWHVRDVWREHFRPHDVDIHW\RUILUHKD]DUG

F $OOHTXLSPHQWDFFHVVRULHVDQGPDWHULDOWKDWDUHUHPRYHGIURPWKH6LWHVKDOO EH GLVSRVHG RI DW WKH &RQWUDFWRU V H[SHQVH DV GLUHFWHG E\ WKH3URMHFW 0DQDJHU

 &225',1$7,21

7KH &RQWUDFWRU VKDOO EH UHVSRQVLEOH IRU WKH SURSHU FRRUGLQDWLRQ RI DOO WUDGHV GXULQJWKHFRXUVHRIZRUN

 6,7(6(&85,7<5(48,5(0(176

D $OO&RQWUDFWRUSHUVRQQHOPXVWFDUU\SKRWRLGHQWLILFDWLRQFDUGVLVVXHGE\WKH &RQWUDFWRU 7KH ,' FDUG PXVW EH FRQVSLFXRXVO\ GLVSOD\HG DW DOO WLPHV RQ HPSOR\HHV ZRUNLQJ DW WKH 6LWH 7KH ,' FDUG PXVW LQFOXGH WKH HPSOR\HH V QDPHDQGWKH&RQWUDFWRU VEXVLQHVVQDPH

E '+6RULWVFRQWUDFWHGVHFXULW\FRPSDQ\PD\VHDUFKXSRQUHDVRQDEOHFDXVH DOO EDJV WRRO ER[HV FRQWDLQHUV PDWHULDOV HWF FDUULHG E\ &RQWUDFWRU¶V HPSOR\HHVXSRQHQWHULQJDQGOHDYLQJWKH6LWH

F $OO &RQWUDFWRU SHUVRQQHO DUH UHTXLUHG WR VLJQ LQ DQG RXW RI WKH6LWHZKHQ HQWHULQJRUOHDYLQJWKHEXLOGLQJRUZKHQUHTXHVWHGE\D'+6HPSOR\HHRULWV FRQWUDFWHG VHFXULW\ FRPSDQ\ 6LJQLQJ LQ DQG RXW ZLOO YHULI\ ZRUN ZKHQ LQYRLFHG

G 7KH &RQWUDFWRU VKDOO EH UHVSRQVLEOH IRU WKH VHFXULW\ RI LWV PDWHULDOV 7KH 'HSDUWPHQWLVQRWUHVSRQVLEOHIRUDQ\VWROHQPLVSODFHGRUPLVVLQJPDWHULDOV SDUWV WRROV RU LWHPV EHORQJLQJ WR WKH &RQWUDFWRU RU DQ\ RI WKH &RQWUDFWRU¶V HPSOR\HHV

 :25.0$16+,3$1'0$7(5,$/

D :RUNPDQVKLS VKDOO EH ILUVW FODVV LQ HYHU\ UHVSHFW SHUIRUPHG LQ D PRVW WKRURXJK PDQQHU DQG LQ NHHSLQJ ZLWK WKH EHVW SUDFWLFH RI WKH WUDGH 7KH &RQWUDFWRU VHPSOR\HHVVKDOOEHSURSHUO\OLFHQVHGVNLOOHGDQGHIILFLHQWLQWKHLU ZRUN

9 E &RQWUDFWRUVKDOOLPPHGLDWHO\UHPRYHGRUFRUUHFWGHIHFWLYHZRUNXSRQRUGHURI WKH3URMHFW0DQDJHURURWKHUGHVLJQDWHG'+6UHSUHVHQWDWLYHV$Q\SURSHUW\ GDPDJHG GXULQJ WKH SHUIRUPDQFH RI WKLV FRQWUDFW VKDOO EH UHVWRUHG WR LWV RULJLQDO FRQGLWLRQ $OO SURGXFWV PXVW EH XVHG LQ VWULFW DFFRUGDQFH ZLWK WKH UHFRPPHQGDWLRQVDQGGLUHFWLRQVRIWKHPDQXIDFWXUHU

 $6%(6726$1'/($'3$,17&/$86(6

,Q WKH HYHQW WKH &RQWUDFWRU RU LWV HPSOR\HHV RU DQ\ $JHQW 6XEFRQWUDFWRU RU FRQWUDFWRUVKDOOHQFRXQWHUDQ\DVEHVWRVFRQWDLQLQJPDWHULDO $&0 OHDGSDLQWRU DQ\PDWHULDOUHDVRQDEO\EHOLHYHGWREH$&0RUOHDGSDLQWZKLOHZRUNLQJRQWKH FRQWUDFWHGSUHPLVHVWKH&RQWUDFWRURUVXFKRWKHUSDUW\VKDOOLPPHGLDWHO\

D &HDVH ZRUN LQ WKH LPPHGLDWH YLFLQLW\ RI WKH $&0 OHDG SDLQW RU VXVSHFWHG PDWHULDO DQG QRWLI\ WKH 3URMHFW 0DQDJHU FRUGRQ RII WKH DUHD WR SUHYHQW ZRUNHUVVKHOWHUVWDIIDQGFOLHQWVIURPHQWHULQJWKHDIIHFWHGDUHD

E 9DFDWHWKHLPPHGLDWHYLFLQLW\RIWKH$&0OHDGSDLQWRUVXVSHFWHGPDWHULDO &RQWLQXHWKHZRUNLQRWKHUDUHDVRIWKHSUHPLVHVXQDIIHFWHGE\$&0RUOHDG SDLQWPDWHULDO

F ,W LV KHUHE\ DJUHHGDQG XQGHUVWRRGWKDWLQ WKHHYHQW WKHSUHVHQFH RI $&0 OHDG SDLQW RU PDWHULDO UHDVRQDEO\ EHOLHYHG WR EH $&0 RU OHDG SDLQW LV FRQILUPHGWKHZRUNFRPSOHWLRQVFKHGXOHDIIHFWHGE\WDVNVWREHSHUIRUPHGLQ WKHZRUNDUHDVKDOOEHVXVSHQGHGXQWLODQ\DQGDOODVEHVWRVDQGRUOHDGWHVWLQJ UHPRYDORUHQFDSVXODWLRQLVFRPSOHWH

G 7KHSHULRGGXULQJZKLFKWKHZRUNFRPSOHWLRQVFKHGXOHLVWROOHGVKDOOEHWKH SHULRGRIWLPHUHTXLUHGWRUHVROYHWKHDVEHVWRVRUOHDGLVVXHDQGSURYLGHQRWLFH RIVDLGUHVROXWLRQ

H 7KH &RQWUDFWRU DJUHHV WR PDNH QR FODLP IRU GDPDJHV UHVXOWLQJ IURP GHOD\V GXHWRUHPRYDORIDQ\DVEHVWRV

 &2175$&725 6*8$5$17((

7KH &RQWUDFWRU JXDUDQWHHV WKDW DOO ZRUN SHUIRUPHG XQGHU WKLV FRQWUDFW ZLOO EH RSHUDWLRQDODQGIUHHIURPDOOPDOIXQFWLRQVDQGGHIHFWVGXHWRZRUNPDQVKLSDQGRU PDWHULDOV IRU D SHULRG RI WZR   \HDUV IURP WKH GDWH RI WKH 3URMHFW 0DQDJHU¶V DFFHSWDQFHRIWKHZRUN

6KRXOG DQ\ GHIHFWV GHYHORS RU RFFXU GXULQJ WKH SHULRG RI WKH JXDUDQWHH GXH WR ZRUNPDQVKLS DQGRU PDWHULDOV VXFK GHIHFWV VKDOO EH UHPHGLHG DW RQFH DQG DOO GDPDJH FDXVHG E\ VXFK GHIHFWV VKDOO EH UHSDLUHG RU UHSODFHG DQG PDGH JRRG ZLWKRXWFRVWRUH[SHQVHWRWKH'HSDUWPHQW

10 ,Q WKH HYHQW RI IDLOXUH RQ WKH SDUW RI WKH &RQWUDFWRU WR FRPPHQFH ZRUN ZLWKLQ WKUHH  GD\VDIWHUQRWLILFDWLRQE\'+6RIDQ\ ZRUNUHTXLUHGWREHSHUIRUPHG XQGHUWKHWHUPVRIWKLVJXDUDQWHHDQGWRFRPSOHWHWKHVDPHZLWKLQDUHDVRQDEOH WLPHWKHUHDIWHUWKH'HSDUWPHQWPD\KDYHVXFKZRUNFRPSOHWHGE\RWKHUSDUWLHV DQGFKDUJHWKHFRVWVWKHUHRIWRWKH&RQWUDFWRU

 &2'(6$1')((6 DVDSSOLFDEOH

D $SSOLFDEOH &RGHV DQG 5HTXLUHPHQWV $OO ZRUN HTXLSPHQW DQG PDWHULDOV IXUQLVKHGVKDOOFRQIRUPWRWKHH[LVWLQJUXOHVUHTXLUHPHQWVDQGVSHFLILFDWLRQV RIWKH6WDWHDQG&LW\RI1HZ

E $OO PDWHULDOV DQG HTXLSPHQW XVHG WR SHUIRUP WKH ZRUN XQGHU WKLV FRQWUDFW VKDOO EHDU WKH LQVSHFWLRQ ODEHOV RI WKH 8QGHUZULWHUV /DERUDWRULHV LI WKH PDWHULDODQGHTXLSPHQWLVRIDFODVVLQVSHFWHGE\VDLGODERUDWRULHV

F $Q\SDUDJUDSKRUUHTXLUHPHQWVLQWKHVH6SHFLILFDWLRQVRU'UDZLQJVGHYLDWLQJ IURP WKH $SSOLFDEOH &RGHV DQG 5HTXLUHPHQWV FLWHG DERYH VKDOO EH GHHPHG LQYDOLGDVWKH$SSOLFDEOH&RGHVDQG5HTXLUHPHQWVWDNHSUHFHGHQFHRYHUWKHVH 6SHFLILFDWLRQV7KH&RQWUDFWRUVKDOOEHKHOGUHVSRQVLEOHIRUDGKHUHQFHWRDOO $SSOLFDEOH&RGHVDQG5HTXLUHPHQWVDQG6SHFLILFDWLRQV

G $Q\DGGLWLRQDOZRUNRUPDWHULDOQHFHVVDU\IRUDGKHUHQFHWKHUHWRVKDOOEHDWQR DGGLWLRQDO FRVW WR WKH 'HSDUWPHQW DQG VKDOO EH FRQVLGHUHG E\ WKH SDUWLHV WR KDYH EHHQ LQFOXGHG LQ WKH ZRUN RUGHU SULFH ,JQRUDQFH RI DQ\ $SSOLFDEOH &RGH 5HTXLUHPHQW RU 6SHFLILFDWLRQ VKDOO QRW EH DFFHSWHG DV DQ H[FXVH IRU QRQFRQIRUPLW\$FFHSWDQFHE\WKH3URMHFW0DQDJHURIZRUNSHUIRUPHGXQGHU WKLV FRQWUDFW VKDOO QRW UHOLHYH WKH &RQWUDFWRU RI DQ\ H[SHQVH QHFHVVDU\ WR FRUUHFWDQ\IDLOXUHWRFRPSO\ZLWK$SSOLFDEOH&RGHVDQG5HTXLUHPHQWV

H ,QWKHHYHQWRIDFRQIOLFWDPRQJWKH$SSOLFDEOH&RGHVDQG5HTXLUHPHQWVWKH PRUHVWULQJHQWUHTXLUHPHQWVVKDOOSUHYDLO

I 8SRQ FRPSOHWLRQ RI WKH ZRUN WKH &RQWUDFWRU LI QHFHVVDU\ VKDOO REWDLQ FHUWLILFDWHV V  RI LQVSHFWLRQ DQG DSSURYDO IURP WKH LQVSHFWLRQ RUJDQL]DWLRQ KDYLQJMXULVGLFWLRQ RYHU WKHZRUN DQGVKDOO GHOLYHU VXFKFHUWLILFDWH V  WR WKH 3URMHFW0DQDJHU

J )HHV 7KH FRVW RI SURFXULQJ DOO SHUPLWV LQVSHFWLRQ VHUYLFHV FHUWLILFDWHV RI DSSURYDO DQG $ ( SURIHVVLRQDO VHUYLFHV LQFOXGLQJ FRQWUROOHG LQVSHFWLRQV VKDOO EH LQFOXGHG LQ WKH ZRUN RUGHU IRUP HVWLPDWH DV GLUHFW FRVW UHLPEXUVHPHQWV7KHUHZLOOQRWEHDQ\PDUNXSDOORZHGIRUWKHVHLWHPV

11 K 7KH &RQWUDFWRU VKDOO EH HQWLWOHG WR IXOO UHLPEXUVHPHQW IRU 1HZ

 35(9$,/,1*:$*(5$7(6

7KH2IILFHRIWKH&RPSWUROOHURIWKH&LW\RI1HZ

 /$%25

7KH3URMHFW0DQDJHUPD\UHTXHVWVSHFLILF/DERU7UDGHVQRWFRYHUHGE\WKH/DERU /DZ3UHYDLOLQJ:DJH6FKHGXOHIRUDOOWUDGHFODVVLILFDWLRQV/DERU7UDGHVQRW FRYHUHG E\ WKH /DERU /DZ  3UHYDLOLQJ :DJH 6FKHGXOH VKDOO KDYH WKHLU 6FKHGXOHRI:DJHVGHWHUPLQHGE\WKH1HZ

7KH 3URMHFW 0DQDJHU PD\ UHTXHVW VSHFLILF /DERU 7UDGHV ZKHUH ZRUN LV QRW FRYHUHG E\ DQ\ RI WKH XQLW SULFH ELG LWHPV $OO /DERU 7UDGHV VKDOO EH IXOO\ SUHSDUHG ZLWK DOO VPDOO WRROV QHHGHG WR FRPSOHWH WKH VSHFLILF MREV DQG WDVNV UHTXLUHG 7KH ZRUNHUV VKDOO EH VNLOOHG DQG FRPSHWHQW WR SHUIRUP WKH ZRUN UHTXLUHGRQWKHZRUNRUGHUV7KH3URMHFW0DQDJHUKDVWKHDXWKRULW\WRDQGPD\ UHMHFW DQ\ ZRUNHU ZKR LQ WKH 3URMHFW 0DQDJHU¶V RSLQLRQ LV QRW SURYLGLQJ WKH TXDOLW\RIZRUNUHTXLUHGDQGZKRVHZRUNPDQVKLSLVEHORZWKHDFFHSWHGVWDQGDUG 7KHGHFLVLRQRIWKH3URMHFW0DQDJHUZLOOEHILQDO

 3$<0(17

D &RQWUDFWRUSD\PHQWVKDOOEHEDVHGRQPDUNXSUDWHVELGE\WKH&RQWUDFWRUDV VKRZQRQWKHELGSDJHRIWKLV$JUHHPHQW$Q\DQGDOOFRVWVWRWKH&RQWUDFWRU RIGHOLYHULQJVHUYLFHVUHTXLUHGE\WKLV6SHFLILFDWLRQVKDOOEHFRYHUHGE\WKHVH UDWHV ZKLFK VKDOO LQFOXGH EXW DUH QRW OLPLWHG WR ODERU DQG EHQHILWV HTXLSPHQWRYHUKHDGSURILWWUDYHOIHHVIRUSHUPLWVDQGILOLQJV DQGFOHULFDO DQGDGPLQLVWUDWLYHH[SHQVHV

12 E 7KH &RQWUDFWRU PD\ UHFHLYH D SDUWLDO SD\PHQW RQO\ IRU WKH ZRUN ZKLFK LV FRPSOHWHG DQG LQ SODFH 3D\PHQW UHTXHVWV PXVW EH VXEPLWWHG WR '+6 RQ D PRQWKO\ EDVLV 6XFK SD\PHQW UHTXHVWV PXVW EH IRU SHULRGV RI QRW OHVV WKDQ WKLUW\   GD\V 7KH SDUWLDO SD\PHQW UHTXHVW WRJHWKHU ZLWK DOO SHUWLQHQW GRFXPHQWDWLRQPXVWEHVXEPLWWHGWRWKH3URMHFW0DQDJHU

F (DFKSD\PHQWUHTXHVWVKDOOLQFOXGHWKHIROORZLQJLQIRUPDWLRQ

L 7KH LQYRLFH GDWH &RQWUDFWRU V LQYRLFH QXPEHU '+6 LVVXHG &RQWUDFW 1XPEHU 3URFXUHPHQW ,GHQWLILFDWLRQ 1XPEHU 3,1 DQG &RQWUDFWRU V )HGHUDO (PSOR\HU ,GHQWLILFDWLRQ 1XPEHU (,1 

LL &RSLHV RI :RUN 2UGHU /HWWHUV DQG TXDQWLWLHV UHPRYHG RU LQVWDOOHGIRUHDFKZRUNLWHPFRPSOHWHGLQWKDWSHULRGIRUZKLFK SD\PHQWLVEHLQJUHTXHVWHG(DFK:RUN2UGHU/HWWHUVKDOOEH OLVWHGVHSDUDWHO\

LLL 3URMHFW0DQDJHU V&HUWLILFDWLRQRIFRPSOHWLRQRIZRUNDQGWKH GDWHIRUHDFK:RUN2UGHU/HWWHU

LY 7RWDO&RVWDVVRFLDWHGZLWKFRPSOLDQFHZLWKHDFK:RUN2UGHU /HWWHU

Y 7LPH VSHQW E\ ZRUNHUV SHUIRUPLQJ ZRUN DW WKH 6LWH V  &RQWUDFWRUPXVWVXEPLWDGDLO\ORJVLJQHGE\WKH'+63URMHFW 0DQDJHU RU DXWKRUL]HG GHVLJQHH YHULI\LQJ WKH QXPEHU RI ZRUNHUVDQGWKHLUWLPHRQWKHMREVLWH

YL ,QYRLFH IRU 0DWHULDOV RU SDUWV LQVWDOOHG IRU HDFK :RUN 2UGHU /HWWHU

YLL (TXLSPHQW XVHG IRU HDFK :RUN 2UGHU /HWWHU ZLWK GRFXPHQWDWLRQ RI 5HQWDO 5DWHV DQG 6SHFLILFDWLRQ IRU &RQVWUXFWLRQ(TXLSPHQW WKH*UHHQ%RRN 

G &RQWUDFWRU VKDOO VXEPLW FRSLHV RI WKLV LQIRUPDWLRQ ZLWK KLV UHTXHVW IRU SD\PHQW (DFK SD\PHQW UHTXHVW VKDOO LQFOXGH D JUDQG WRWDO IRU DOO ZRUN FRPSOHWHGZLWKLQWKRVHGD\V2ULJLQDOLQYRLFHVVKDOOEHVHQWWR

$QLO:DGKZDQL 'HSDUWPHQWRI+RPHOHVV6HUYLFHV )DUUDJXW5RDG %URRNO\Q1HZ

2UDVRWKHUZLVHLQVWUXFWHGE\'+6

13 H 7KH'HSDUWPHQW¶V3URMHFW0DQDJHUZLOOLQVSHFW WKHZRUNSHUIRUPHGUHYLHZ WKHFRVWVDQGDSSURYHRUGLVDSSURYHUHTXHVWVIRUSD\PHQW

I $Q\VXEFRQWUDFWHGZRUNWKHDVVLJQPHQWRIZKLFKLVVXEMHFWWRSULRUDSSURYDO E\WKH'HSDUWPHQWVKDOOEHELOOHGE\WKH&RQWUDFWRUDWWKHLGHQWLFDOODERUDQG PDWHULDO PDUNXS UDWHV IRU ZRUN FDUULHG RXW GLUHFWO\ E\ WKH &RQWUDFWRU 7KH SULPHFRQWUDFWRULVHQWLWOHGWRDQDGGLWLRQDORIFRQWUDFWRU¶VWRWDOSD\PHQW

 /,48,'$7(''$0$*(6

,IWKH&RQWUDFWRUIDLOVWRFRPSOHWHWKHUHTXLUHGZRUNZLWKLQWKHWLPHSUHVFULEHG KHPD\EHDVVHVVHGOLTXLGDWHGGDPDJHV

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

9DOXHRI:RUN2UGHU/HWWHU /LTXLGDWHG'DPDJHV WR   WR  WR  WR  DQGXS 

:KHQ (0(5*(1&< 6(59,&(6 $5( 5(48,5(' 7KH &RQWUDFWRU PXVW UHVSRQG ZLWKLQ WKH WLPH OLPLWV VHW IRUWK XQGHU 6HFWLRQ  5HVSRQVH 7LPH (PHUJHQF\ :RUN LI WKH &RQWUDFWRU IDLOV WR GR VR WKH &RQWUDFWRU VKDOO SD\ WR '+6RUDWLWVRSWLRQ'+6PD\GHGXFWIURPDQ\SD\PHQWGXHWRWKH&RQWUDFWRU 2QH+XQGUHG'ROODUV  SHUKRXUWRDPD[LPXPRI2QH7KRXVDQG'ROODUV   IRU HDFK IDLOXUH WR UHVSRQG DV IL[HG DQG DJUHHG OLTXLGDWHG GDPDJHV 7KHVH(PHUJHQF\6HUYLFHV5HVSRQVH7LPH/LTXLGDWHG'DPDJHVDUHLQDGGLWLRQWR WKH 1RQ(PHUJHQF\ :RUN DQG (PHUJHQF\ :RUN /LTXLGDWHG 'DPDJHV OLVWHG LQ WKLV VHFWLRQ IRU ZKHQ WKH WLPH QHHGHG WR FRPSOHWH WKH ZRUN H[FHHGV WKH WLPH DOORZHGLQWKH:RUN2UGHUOHWWHU

7KHORVVZKLFKWKH&LW\ZLOOVXIIHUE\UHDVRQRIGHOD\LQWKHFRPSOHWLRQRIZRUN LV KHUHE\ IL[HG DQG DJUHHG DV OLTXLGDWHG GDPDJHV WKDW WKH &LW\ ZLOO VXIIHU E\

14 UHDVRQRIVXFKGHOD\DQGQRWDVDSHQDOW\'+6UHVHUYHVWKHULJKWWRGHGXFWIURP DQ\ PRQLHV GXH RU WR EHFRPH GXH WKH &RQWUDFWRU DQ\ OLTXLGDWHG GDPDJHV DVVHVVHG

 ,163(&7,216$1'',60,66$/2)9,2/$7,216

8SRQ WKH IDLOXUH RI WKH &RQWUDFWRU WR SHUIRUP LQVSHFWLRQV RU KDYH YLRODWLRQV GLVPLVVHGE\ JRYHUQLQJDXWKRULWLHVZLWKLQVL[W\  GD\VRIQRWLILFDWLRQE\ WKH 'HSDUWPHQWWKH&RQWUDFWRUVKDOOSD\'+6RU'+6DWLWVRSWLRQPD\GHGXFWIURP SD\PHQWVGXHRUWREHFRPHGXHWKHDPRXQWRI2QH7KRXVDQG'ROODUV  SHURFFXUUHQFHDVZHOODVWKHWRWDOFRVWRIWKLVZRUNZKLFK'+6PD\DVVLJQWR RWKHUV

 &+$1*(62)/$:

,QWKHHYHQWRIFKDQJHVGLUHFWHGRUUHFRPPHQGHGE\)HGHUDO6WDWHRU0XQLFLSDO DXWKRULWLHVLQVXUDQFHFRPSDQLHVRURWKHUUHJXODWRU\HQWLWLHVWKH&RQWUDFWRUVKDOO QRWEHUHTXLUHGWRSHUIRUPLQVWDOODWLRQVUHPRYDOVXSJUDGHVRUUHQRYDWLRQVWRWKH UHOHYDQWHTXLSPHQWRUFDUU\RXWDQ\RWKHUZRUNZKLFKLVEH\RQGWKHVFRSHRIWKLV 6SHFLILFDWLRQ

 7(&+1,&$/6&23(2)6(59,&(

2QDQRQFDOOEDVLVWKH&RQWUDFWRULVWRSHUIRUPSOXPELQJUHSDLUVUHSODFHPHQWRI SOXPELQJ SDUWV DQG UHODWHG ZRUN DV DSSURSULDWH WR HQVXUH D VDIH DQG IXQFWLRQDO HQYLURQPHQW DW '+6 IDFLOLWLHV $FWXDO VHUYLFH ORFDWLRQV VKDOO EH GHVLJQDWHG E\ )0' GXULQJ WKH FRQWUDFW WHUP :RUN VKDOO LQFOXGH DOO ODERU PDWHULDO SHUPLWV RYHUKHDG LH WUDYHO WLPH EHQHILWV  DQG SURILW WR HQVXUH VDIH RSHUDWLRQ RI SOXPELQJVHUYLFHV

 :25.,1,7,$7,21

D 3ULRU $SSURYDO $OO MREV VKDOO EH LQLWLDWHG DQG GHILQHG E\ )0' 7KH DXWKRUL]HG'+6UHSUHVHQWDWLYHVKDOOFRQWDFWWKH&RQWUDFWRUE\ID[LQJHPDLOLQJ D:RUN2UGHU/HWWHU8SRQID[LQJHPDLOLQJWKH:RUN2UGHU/HWWHU)0'PD\ FRQWDFWWKH&RQWUDFWRUWRVFKHGXOHDZDONWKURXJKDWWKH6LWH7KHZDONWKURXJK VKDOOLGHQWLI\WKHVFRSHRIZRUNSURYLGHIHHGEDFNIURPWKH&RQWUDFWRURIIHU DQ RSSRUWXQLW\ WR YHULI\ TXDQWLWLHV DQG HVWLPDWHV DQG GLVFXVV UHOHYDQW 6LWH FRQGLWLRQV 8SRQ FRPSOHWLRQ RI WKH ZDONWKURXJK WKH &RQWUDFWRU VKDOO UHWXUQ E\ID[HPDLODFRPSOHWHG:RUN2UGHU/HWWHUZLWKWKHIROORZLQJLQIRUPDWLRQ

L 6FKHGXOHGGDWHV V IRUZRUNVWDUWDQGFRPSOHWLRQVWDWLQJWRWDO FRQVHFXWLYHFDOHQGDUGD\V LL 1XPEHURIZRUNHUVWREHDVVLJQHGIRUWKHGXUDWLRQRIWKHMRE LQFOXGLQJWKHQDPHRIDQDVVLJQHGVXSHUYLVRU

15 LLL &RQILUPDWLRQRIDQ\PLVFHOODQHRXVZRUNDVDJUHHGXSRQGXULQJ WKHZDONWKURXJK LY 'HVFULSWLRQDQGMXVWLILFDWLRQIRUDQ\SODQQHGVXEFRQWUDFWLQJ Y 7RWDOFRVWHVWLPDWHIRUZRUNWREHSHUIRUPHG

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

 5(63216(7,0(

(0(5*(1&< :25. ,I WKH ZRUN UHTXHVWHG LV GHFODUHG DQ HPHUJHQF\WKH &RQWUDFWRU VKDOO UHSRUW WR WKH MRE VLWH ZLWKLQ WZHOYH   KRXUV XSRQ UHFHLYLQJ YHUEDOQRWLILFDWLRQIURP'+68SRQDVVHVVLQJWKHZRUNDYHUEDOHVWLPDWHPXVWEH FDOOHG LQWR WKH )0' UHSUHVHQWDWLYH SULRU WR WKH VWDUW RI DQ\ ZRUN ,I WKHUH LV D FKDQJHLQZRUNRUWKHHVWLPDWHDGGLWLRQDODSSURYDOPXVWEHREWDLQHG7KH:RUN 2UGHU /HWWHU PXVW EH FRPSOHWHG WKH ILUVW EXVLQHVV GD\ IROORZLQJWKHZRUN DVVLJQPHQW

121(0(5*(1&<:25.7KH&RQWUDFWRUVKDOOUHVSRQGWRUHSDLUVZLWKLQWZR  FDOHQGDUGD\VDIWHUQRWLILFDWLRQIURP'+6$IWHUFRPSOHWLQJWKH:RUN2UGHU )RUPDQGREWDLQLQJDSSURYDOZRUNVKDOOFRPPHQFHZLWKLQ  FDOHQGDUGD\

 3/80%,1*:25.

:RUNDVVLJQHGLQWKLVVFRSHVKDOOLQFOXGHEXWQRWEHOLPLWHGWRWKHUHSDLUDQGRU UHSODFHPHQWRI

x /HDNV x 7RLOHWV x 6WUHHW&RQQHFWLRQV x 'UDLQ&OHDQLQJ x )DXFHWV x 'UDLQV x 6LQNV x 6HZHUV x 5LVHUV x +L/RZ3UHVVXUH6WHDP x *DV9LRODWLRQV 5HSDLUV x 'LVWULEXWLRQ :DVWH/LQHV5HSDLUV,QVWDOODWLRQ

16  $//2:$1&()25(48,30(17$1'3(50,76

7KH&RQWUDFWRUVKDOOQRWEHHQWLWOHGWRDQ\PDUNXSIRUHTXLSPHQWH[SHQVHV

(TXLSPHQWH[SHQVHVVKDOOEHUHLPEXUVHGDVVSHFLILHGEHORZ

D &RQWUDFWRU2ZQHG(TXLSPHQW8WLOL]DWLRQRIRQVLWHHTXLSPHQWRZQHGE\ WKH&RQWUDFWRU LHEDFNKRH VKDOOEHUHLPEXUVHGDWRIRWKHUDSSOLFDEOH GDLO\RUPRQWKO\UHQWDOUDWHVHWIRUWKLQWKHFXUUHQWRUODWHVWHGLWLRQRI5HQWDO 5DWHV DQG 6SHFLILFDWLRQV IRU &RQVWUXFWLRQ (TXLSPHQW WKH *UHHQ %RRN SXEOLVKHG E\ $VVRFLDWHG (TXLSPHQW 'LVWULEXWRUV SURUDWHG KRXUO\ IRU WKH DFWXDO KRXUV XVHG )RU PXOWLSOH VKLIW XWLOL]DWLRQ UHLPEXUVHPHQW VKDOO EH FDOFXODWHGDVIROORZV

L )LUVW 6KLIW  RI DSSOLFDEOH GDLO\ RU PRQWKO\ ³*UHHQ %RRN UHQWDOUDWH LL 6HFRQG6KLUWRIILUVWUDWH LLL 7KLUG6KLIWRIILUVWVKLIWUDWH

E /HDVHG (TXLSPHQW 2QVLWH HTXLSPHQW OHDVHG E\ WKH &RQWUDFWRU VKDOO EH UHLPEXUVHG DW WKH DFWXDO DQG UHDVRQDEOH FRVW RI WKH VDPH DV HYLGHQFHG E\ UHFHLSWELOOVRURWKHUGRFXPHQWVDWLVIDFWRU\WRWKH3URMHFW0DQDJHU

F 6HUYLFHDEOH (TXLSPHQW 5HLPEXUVHPHQW IRU &RQWUDFWRU RZQHG RU OHDVHG HTXLSPHQWVKDOOEHPDGHRQO\IRUHTXLSPHQWWKDWLVVHUYLFHDEOHDQGFDSDEOHRI HIILFLHQWO\SHUIRUPLQJLWVLQWHQGHGIXQFWLRQIRUWKHUHTXLUHGZRUN

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

 (;(&87,21$1'3527(&7,212)(;,67,1*:25.

7KH&RQWUDFWRUVKDOOEHUHVSRQVLEOHIRUFRUUHFWLQJDQ\GDPDJHWRH[LVWLQJZRUN RU IRU DQ\ LPSDLUPHQW RI WKH 6LWH UHVXOWLQJ GLUHFWO\ RU LQGLUHFWO\ IURP WKH &RQWUDFWRU VSHUIRUPDQFHRIWKHZRUNLQFOXGLQJVXEFRQWUDFWRUVDQGRUDJHQWVRI WKH&RQWUDFWRU7KH&RQWUDFWRUVKDOOSURPSWO\DGGUHVVDQ\VXFKGHIHFWZKLFKPD\ DULVH UHVWRULQJ WKH DUHD WR LWV RULJLQDO FRQGLWLRQ E\ UHSODFLQJ RU UHSDLULQJ DQ\ DIIHFWHGIL[WXUHVHTXLSPHQWRUEXLOGLQJV\VWHPVDWWKH6LWHDWQRDGGLWLRQDOFRVW

17 WRWKH2ZQHUDQGWRWKHVDWLVIDFWLRQRI'+6$OOVXFKZRUNVKDOOEHSHUIRUPHGE\ WUDGHVSHUVRQVH[SHULHQFHGDQGVNLOOHGLQWKHSDUWLFXODUWUDGHUHTXLUHG

(1'2)63(&,),&$7,21

18 &,7<2)1(:<25.

67$1'$5'&216758&7,21&2175$&7

0DUFK CITY OF NEW YORK STANDARD CONSTRUCTION CONTRACT

TABLE OF CONTENTS

&+$37(5,7+(&2175$&7$1''(),1,7,216 $57,&/(7+(&2175$&7 $57,&/('(),1,7,216 &+$37(5,,7+(:25.$1',763(5)250$1&( $57,&/(&+$5$&7(52)7+(:25. $57,&/(0($16$1'0(7+2'62)&216758&7,21 $57,&/(&203/,$1&(:,7+/$:6 $57,&/(,163(&7,21 $57,&/( 3527(&7,212):25.$1'2)3(56216$1'3523(57<127,&(6$1' ,1'(01,),&$7,21 &+$37(5,,,7,0(3529,6,216 $57,&/( &200(1&(0(17$1'3526(&87,212)7+(:25. $57,&/(352*5(666&+('8/(6 $57,&/( 5(48(676)25,1)250$7,2125$33529$/ $57,&/( 127,&(2)&21',7,216&$86,1*'(/$<$1''2&80(17$7,212) '$0$*(6&$86('%<'(/$< $57,&/( &225',1$7,21:,7+27+(5&2175$&7256 $57,&/( (;7(16,212)7,0()253(5)250$1&( $57,&/( &203/(7,21$1'),1$/$&&(37$1&(2)7+(:25. $57,&/(/,48,'$7(''$0$*(6 $57,&/( 2&&83$7,212586(35,2572&203/(7,21 &+$37(5,968%&2175$&76$1'$66,*10(176 $57,&/(68%&2175$&76 $57,&/($66,*10(176 &+$37(59&2175$&725¶66(&85,7<$1'*8$5$17(( $57,&/(6(&85,7<'(326,7 $57,&/(3$<0(17*8$5$17(( $57,&/(5(7$,1('3(5&(17$*( $57,&/(,1685$1&( $57,&/(021(<5(7$,1('$*$,167&/$,06 $57,&/(0$,17(1$1&($1'*8$5$17< &+$37(59,&+$1*(6(;75$:25.$1''2&80(17$7,212)&/$,0 $57,&/(&+$1*(6 $57,&/( 0(7+2'62)3$<0(17)2529(55816$1'(;75$:25. $57,&/(5(62/87,212)',6387(6 $57,&/( 5(&25'.((3,1*)25(;75$25',6387(':25.25:25.21$7,0(  0$7(5,$/6%$6,6 $57,&/(20,77(':25. $57,&/( 127,&($1''2&80(17$7,212)&2676$1''$0$*(6352'8&7,212) ),1$1&,$/5(&25'6 &+$37(59,,32:(562)7+(5(6,'(17(1*,1((57+((1*,1((525$5&+,7(&7$1' 7+(&200,66,21(5 $57,&/(7+(5(6,'(17(1*,1((5 $57,&/( 7+((1*,1((525$5&+,7(&725352-(&70$1$*(5 $57,&/(7+(&200,66,21(5 $57,&/(12(67233(/ &+$37(59,,,/$%253529,6,216 $57,&/((03/2<((6 $57,&/(12',6&5,0,1$7,21 $57,&/(/$%25/$:5(48,5(0(176 &,7<2)1(:<25. L 67$1'$5'&216758&7,21&2175$&7 0DUFK $57,&/(3$<52//5(32576 $57,&/('867+$=$5'6 &+$37(5,;3$57,$/$1'),1$/3$<0(176 $57,&/(&2175$&735,&( $57,&/(%,'%5($.'2:121/803680   $57,&/(3$57,$/3$<0(176 $57,&/(3520373$<0(17 $57,&/(68%67$17,$/&203/(7,213$<0(17 $57,&/(),1$/3$<0(17 $57,&/($&&(37$1&(2)),1$/3$<0(17 $57,&/( $33529$/%<38%/,&'(6,*1&200,66,21 &+$37(5;&2175$&725¶6'()$8/7 $57,&/( &200,66,21(5¶65,*+772'(&/$5(&2175$&725,1'()$8/7 $57,&/( (;(5&,6(2)7+(5,*+772'(&/$5('()$8/7 $57,&/(48,77,1*7+(6,7( $57,&/(&203/(7,212)7+(:25. $57,&/(3$57,$/'()$8/7 $57,&/(3(5)250$1&(2)81&203/(7(':25. $57,&/(27+(55(0(',(6 &+$37(5;,0,6&(//$1(2863529,6,216 $57,&/(&2175$&725¶6:$55$17,(6 $57,&/(&/$,06$1'$&7,2167+(5(21   $57,&/(,1)5,1*(0(17 $57,&/( 12&/$,0$*$,1672)),&,$/6$*(17625(03/2<((6 $57,&/(6(59,&(2)127,&(6 $57,&/(81/$:)8/3529,6,216'((0('675,&.(1)520&2175$&7 $57,&/($///(*$/3529,6,216'((0(',1&/8'(' $57,&/(7$;(;(037,21 $57,&/(,19(67,*$7,21 6 &/$86( $57,&/(7(50,1$7,21%<7+(&,7< $57,&/( &+2,&(2)/$:&216(1772-85,6',&7,21$1'9(18( $57,&/( 3$57,&,3$7,21,1$1,17(51$7,21$/%2<&277 $57,&/( /2&$//<%$6('(17(535,6(352*5$0 $57,&/($17,75867 $57,&/(0$&%5,'(35,1&,3/(63529,6,216 $57,&/((/(&7521,&),/,1*1<&'(9(/230(17+8% $57,&/( 352+,%,7,212)7523,&$/+$5':22'6 $57,&/(&21)/,&762),17(5(67 $57,&/(0(5*(5&/$86( $57,&/(67$7(0(172):25. $57,&/(&203(16$7,2172%(3$,'72&2175$&725 $57,&/((/(&7521,&)81'675$16)(5 $57,&/(5(&25'65(7(17,21 $57,&/( (;$0,1$7,21$1'9,(:,1*2)6,7(&216,'(5$7,212)27+(56285&(6 2),1)250$7,21$1'&+$1*('6,7(&21',7,216                              &,7<2)1(:<25. LL 67$1'$5'&216758&7,21&2175$&7 0DUFK

:,71(66(7+  7KHSDUWLHVLQFRQVLGHUDWLRQRIWKHPXWXDODJUHHPHQWVFRQWDLQHGKHUHLQDJUHHDVIROORZV   &+$37(5,7+(&2175$&7$1''(),1,7,216

$57,&/(7+(&2175$&7

 ([FHSWIRUWLWOHVVXEWLWOHVKHDGLQJVUXQQLQJKHDGOLQHVWDEOHVRIFRQWHQWVDQGLQGLFHV DOORI ZKLFKDUHSULQWHGKHUHLQPHUHO\IRUFRQYHQLHQFH WKHIROORZLQJH[FHSWIRUVXFKSRUWLRQVWKHUHRIDVPD\ EHVSHFLILFDOO\H[FOXGHGVKDOOEHGHHPHGWREHSDUWRIWKLV&RQWUDFW   $OO SURYLVLRQV UHTXLUHG E\ ODZ WR EH LQVHUWHG LQ WKLV &RQWUDFW ZKHWKHU DFWXDOO\ LQVHUWHGRUQRW   7KH&RQWUDFW'UDZLQJVDQG6SHFLILFDWLRQV   7KH*HQHUDO&RQGLWLRQVDQG6SHFLDO&RQGLWLRQVLIDQ\   7KH&RQWUDFW   7KH,QIRUPDWLRQIRU%LGGHUV5HTXHVWIRU3URSRVDOV1RWLFHRI6ROLFLWDWLRQDQG 3URSRVDO)RU%LGV%LGRU3URSRVDODQGLIXVHGWKH%LG%RRNOHW   $OO$GGHQGDLVVXHGSULRUWRWKHUHFHLSWRIWKHELGVWKH1RWLFHRI$ZDUG3HUIRUPDQFH DQG3D\PHQW%RQGVLIUHTXLUHGDQGWKH1RWLFHWR3URFHHGRUWKH2UGHUWR:RUN   6KRXOGDQ\FRQIOLFWRFFXULQRUEHWZHHQWKH'UDZLQJVDQG6SHFLILFDWLRQVWKH&RQWUDFWRUVKDOO EHGHHPHGWRKDYHHVWLPDWHGWKHPRVWH[SHQVLYHZD\RI GRLQJWKH:RUNXQOHVVWKH&RQWUDFWRUVKDOO KDYHDVNHGIRUDQGREWDLQHGDGHFLVLRQLQZULWLQJIURPWKH&RPPLVVLRQHURIWKH$JHQF\WKDWLVHQWHULQJ LQWRWKLV&RQWUDFWEHIRUHWKHVXEPLVVLRQRILWVELGDVWRZKDWVKDOOJRYHUQ   $57,&/( '(),1,7,216   7KH IROORZLQJ ZRUGV DQG H[SUHVVLRQV RU SURQRXQV XVHGLQWKHLU VWHDG VKDOOZKHUHYHUWKH\ DSSHDULQWKLV&RQWUDFWEHFRQVWUXHGDVIROORZVXQOHVVDGLIIHUHQWPHDQLQJLVFOHDUIURPWKHFRQWH[W   ³$GGHQGXP´ RU ³$GGHQGD´ VKDOO PHDQ WKH DGGLWLRQDO &RQWUDFW SURYLVLRQV DQGRU WHFKQLFDOFODULILFDWLRQVLVVXHGLQZULWLQJE\WKH&RPPLVVLRQHUSULRUWRWKHUHFHLSWRIELGV   ³$JHQF\´ VKDOO PHDQ D FLW\ FRXQW\ ERURXJK RU RWKHU RIILFH SRVLWLRQ GHSDUWPHQW GLYLVLRQ EXUHDX ERDUG RU FRPPLVVLRQ RU D FRUSRUDWLRQ LQVWLWXWLRQ RU DJHQF\ RI JRYHUQPHQWWKHH[SHQVHVRIZKLFKDUHSDLGLQZKROHRULQSDUWIURPWKH&LW\WUHDVXU\   ³$JHQF\ &KLHI &RQWUDFWLQJ 2IILFHU´ $&&2  VKDOO PHDQ D SHUVRQ GHOHJDWHG DXWKRULW\ E\ WKH &RPPLVVLRQHU WR RUJDQL]H DQG VXSHUYLVH WKH SURFXUHPHQW DFWLYLW\ RI VXERUGLQDWH $JHQF\ VWDII LQ FRQMXQFWLRQ ZLWK WKH &&32 RU KLVKHU GXO\ DXWKRUL]HG UHSUHVHQWDWLYH

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  ³$OORZDQFH´VKDOOPHDQDVXPRIPRQH\ZKLFKWKH$JHQF\PD\LQFOXGHLQWKHWRWDO DPRXQW RI WKH &RQWUDFW IRU VXFK VSHFLILF FRQWLQJHQFLHV DV WKH $JHQF\ EHOLHYHV PD\ EH QHFHVVDU\ WR FRPSOHWH WKH :RUN e.g. OHDG RU DVEHVWRV UHPHGLDWLRQ DQG IRU ZKLFK WKH &RQWUDFWRUZLOO EHSDLGRQWKHEDVLVRIVWLSXODWHGXQLWSULFHVRUDIRUPXODVHWIRUWKLQWKH &RQWUDFWRUQHJRWLDWHGEHWZHHQWKHSDUWLHVSURYLGHGKRZHYHUWKDWLIWKH&RQWUDFWRULVQRW GLUHFWHGWRXVHWKH$OORZDQFHWKH&RQWUDFWRUVKDOOKDYHQRULJKWWRVXFKPRQH\DQGLWVKDOO EHGHGXFWHGIURPWKHWRWDODPRXQWRIWKH&RQWUDFW   ³&LW\´VKDOOPHDQWKH&LW\RI1HZ

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  ³)HGHUDO$LG&RQWUDFW´VKDOOPHDQDFRQWUDFWLQZKLFKWKH8QLWHG6WDWHV IHGHUDO  *RYHUQPHQWSURYLGHVILQDQFLDOIXQGLQJDVVRGHVLJQDWHGLQWKH,QIRUPDWLRQIRU%LGGHUV   ³)LQDO $FFHSWDQFH´ VKDOO PHDQ ILQDO ZULWWHQ DFFHSWDQFH RI DOO WKH :RUN E\ WKH &RPPLVVLRQHUDFRS\RIZKLFKVKDOOEHVHQWWRWKH&RQWUDFWRU   ³)LQDO $SSURYHG 3XQFK /LVW´ VKDOO PHDQ D OLVW DSSURYHG SXUVXDQW WR $UWLFOH VSHFLI\LQJWKRVHLWHPVRI:RUNWREHFRPSOHWHGE\WKH&RQWUDFWRUDIWHU6XEVWDQWLDO &RPSOHWLRQDQGGDWHVIRUWKHFRPSOHWLRQRIHDFKLWHPRI:RUN   ³/DZ´RU³/DZV´VKDOOPHDQWKH&RQVWLWXWLRQRIWKH6WDWHRI1HZ

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  ³6PDOO 7RROV´ VKDOO PHDQ LWHPV WKDW DUH RUGLQDULO\ UHTXLUHG IRU D ZRUNHU¶V MRE IXQFWLRQLQFOXGLQJEXWQRWOLPLWHGWRHTXLSPHQWWKDWRUGLQDULO\KDVQROLFHQVLQJLQVXUDQFH RU VXEVWDQWLYH VWRUDJH FRVWV DVVRFLDWHG ZLWK LW VXFK DV FLUFXODU DQG FKDLQ VDZV LPSDFW GULOOVWKUHDGHUVEHQGHUVZUHQFKHVVRFNHWWRROVHWF   ³6SHFLILFDWLRQV´ VKDOO PHDQ DOO RI WKH GLUHFWLRQV UHTXLUHPHQWV DQG VWDQGDUGV RI SHUIRUPDQFH DSSO\LQJ WR WKH :RUN DV KHUHLQDIWHU GHWDLOHG DQG GHVLJQDWHG XQGHU WKH 6SHFLILFDWLRQV   ³6XEFRQWUDFWRU´VKDOOPHDQDQ\SHUVRQILUPRUFRUSRUDWLRQRWKHUWKDQHPSOR\HHV RIWKH&RQWUDFWRUZKRRUZKLFKFRQWUDFWVZLWKWKH&RQWUDFWRURUZLWKLWVVXEFRQWUDFWRUVWR IXUQLVK RU DFWXDOO\ IXUQLVKHV ODERU RU ODERU DQG PDWHULDOV RU ODERU DQG HTXLSPHQW RU VXSHULQWHQGHQFH VXSHUYLVLRQ DQGRU PDQDJHPHQW DW WKH 6LWH :KHUHYHU WKH ZRUG 6XEFRQWUDFWRUDSSHDUVLWVKDOODOVRPHDQVXE6XEFRQWUDFWRU   ³6XEVWDQWLDO &RPSOHWLRQ´ VKDOO PHDQ WKH ZULWWHQ GHWHUPLQDWLRQ E\ WKH (QJLQHHU WKDW WKH:RUNUHTXLUHGXQGHUWKLV&RQWUDFWLVVXEVWDQWLDOO\EXWQRWHQWLUHO\FRPSOHWHDQG WKHDSSURYDORIWKH)LQDO$SSURYHG3XQFK/LVW   ³:RUN´VKDOOPHDQDOOVHUYLFHVUHTXLUHGWRFRPSOHWHWKH3URMHFWLQDFFRUGDQFHZLWK WKH &RQWUDFW 'RFXPHQWV LQFOXGLQJ ZLWKRXW OLPLWDWLRQ ODERU PDWHULDO VXSHULQWHQGHQFH PDQDJHPHQWDGPLQLVWUDWLRQHTXLSPHQWDQGLQFLGHQWDOVDQGREWDLQLQJDQ\DQGDOOSHUPLWV FHUWLILFDWLRQVDQGOLFHQVHVDVPD\EHQHFHVVDU\DQGUHTXLUHGWRFRPSOHWHWKH:RUNDQGVKDOO LQFOXGHERWK&RQWUDFW:RUNDQG([WUD:RUN 

&+$37(5,,7+(:25.$1',763(5)250$1&(

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¶V ULJKW WRUHMHFW WKH 0HDQV DQG 0HWKRGV RI &RQVWUXFWLRQ SURSRVHG E\WKH &RQWUDFWRUZKLFKLQWKHRSLQLRQRIWKH(QJLQHHU   :LOOFRQVWLWXWHRUFUHDWHDKD]DUGWRWKH:RUNRUWRSHUVRQVRUSURSHUW\RU   :LOOQRWSURGXFHILQLVKHG:RUNLQDFFRUGDQFHZLWKWKHWHUPVRIWKH&RQWUDFWRU   :LOOEHGHWULPHQWDOWRWKHRYHUDOOSURJUHVVRIWKH3URMHFW   7KH (QJLQHHU¶V DSSURYDO RI WKH &RQWUDFWRU¶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³33% 5XOHV´ LQHIIHFWDWWKHWLPHRIWKHELGRSHQLQJIRUWKLV&RQWUDFW,QWKHHYHQWRIDFRQIOLFWEHWZHHQWKH 33%5XOHVDQGDSURYLVLRQRIWKLV&RQWUDFWWKH33%5XOHVVKDOOWDNHSUHFHGHQFH   1RLVH&RQWURO&RGHSURYLVLRQV   ,QDFFRUGDQFHZLWKWKHSURYLVLRQVRI6HFWLRQ E RIWKH$GPLQLVWUDWLYH&RGHRI WKH &LW\ ³$GPLQLVWUDWLYH &RGH´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

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  E  ³0RWRU9HKLFOH´PHDQVDQ\VHOISURSHOOHGYHKLFOHGHVLJQHGIRUWUDQVSRUWLQJ SHUVRQVRUSURSHUW\RQDVWUHHWRUKLJKZD\   F  ³1RQURDG(QJLQH´PHDQVDQLQWHUQDOFRPEXVWLRQHQJLQH LQFOXGLQJWKHIXHO V\VWHP WKDWLVQRWXVHGLQD0RWRU9HKLFOHRUDYHKLFOHXVHGVROHO\IRUFRPSHWLWLRQ RUWKDWLVQRWVXEMHFWWRVWDQGDUGVSURPXOJDWHGXQGHU6HFWLRQRU6HFWLRQRI 7LWOH  RI WKH 8QLWHG 6WDWHV &RGH H[FHSW WKDW WKLV WHUP VKDOO DSSO\ WR LQWHUQDO FRPEXVWLRQHQJLQHVXVHGWRSRZHUJHQHUDWRUVFRPSUHVVRUVRUVLPLODUHTXLSPHQWXVHG LQDQ\FRQVWUXFWLRQSURJUDPRUSURMHFW   G  ³1RQURDG9HKLFOH´ PHDQV D YHKLFOHWKDW LVSRZHUHG E\D 1RQURDG(QJLQH ILIW\  KRUVHSRZHUDQGJUHDWHUDQGWKDWLVQRWD0RWRU9HKLFOHRUDYHKLFOHXVHG VROHO\ IRU FRPSHWLWLRQ ZKLFK VKDOO LQFOXGH EXW QRW EH OLPLWHG WR H[FDYDWRUV EDFNKRHVFUDQHVFRPSUHVVRUVJHQHUDWRUVEXOOGR]HUVDQGVLPLODUHTXLSPHQWH[FHSW WKDW WKLV WHUP VKDOO QRW DSSO\ WR KRUWLFXOWXUDO PDLQWHQDQFH YHKLFOHV XVHG IRU ODQGVFDSLQJ SXUSRVHV WKDW DUH SRZHUHG E\ D 1RQURDG (QJLQH RI VL[W\ILYH   KRUVHSRZHURUOHVVDQGWKDWDUHQRWXVHGLQDQ\FRQVWUXFWLRQSURJUDPRUSURMHFW   H  ³3XEOLF :RUNV &RQWUDFW´ PHDQV D FRQWUDFW ZLWK D &LW\ $JHQF\ IRU D FRQVWUXFWLRQ SURJUDP RU SURMHFW LQYROYLQJ WKH FRQVWUXFWLRQ GHPROLWLRQ UHVWRUDWLRQ UHKDELOLWDWLRQ UHSDLU UHQRYDWLRQ RU DEDWHPHQW RI DQ\ EXLOGLQJ VWUXFWXUH WXQQHO H[FDYDWLRQ URDGZD\ SDUN RU EULGJH D FRQWUDFW ZLWK D &LW\ $JHQF\ IRU WKH SUHSDUDWLRQ IRU DQ\ FRQVWUXFWLRQ SURJUDP RU SURMHFW LQYROYLQJ WKH FRQVWUXFWLRQ GHPROLWLRQ UHVWRUDWLRQ UHKDELOLWDWLRQ UHSDLU UHQRYDWLRQ RU DEDWHPHQW RI DQ\ EXLOGLQJVWUXFWXUHWXQQHOH[FDYDWLRQURDGZD\SDUNRUEULGJHRUDFRQWUDFWZLWKD &LW\ $JHQF\ IRU DQ\ ILQDO ZRUN LQYROYHG LQ WKH FRPSOHWLRQ RI DQ\ FRQVWUXFWLRQ SURJUDPRUSURMHFWLQYROYLQJWKHFRQVWUXFWLRQGHPROLWLRQUHVWRUDWLRQUHKDELOLWDWLRQ UHSDLU UHQRYDWLRQ RU DEDWHPHQW RI DQ\ EXLOGLQJ VWUXFWXUH WXQQHO H[FDYDWLRQ URDGZD\SDUNRUEULGJH   I ³8OWUD/RZ6XOIXU'LHVHO)XHO´PHDQVGLHVHOIXHOWKDWKDVDVXOIXUFRQWHQWRI QRPRUHWKDQILIWHHQSDUWVSHUPLOOLRQ SSP    8OWUD/RZ6XOIXU'LHVHO)XHO   D  $OO &RQWUDFWRUV VKDOO XVH 8OWUD /RZ 6XOIXU 'LHVHO )XHO LQ GLHVHOSRZHUHG 1RQURDG9HKLFOHVLQWKHSHUIRUPDQFHRIWKLV&RQWUDFW   E  1RWZLWKVWDQGLQJWKHUHTXLUHPHQWVRI$UWLFOH D &RQWUDFWRUV PD\ XVH GLHVHOIXHOWKDWKDVDVXOIXUFRQWHQWRIQRPRUHWKDQWKLUW\SDUWVSHUPLOOLRQ SSP  WRIXOILOOWKHUHTXLUHPHQWVRIWKLV$UWLFOHZKHUHWKH&RPPLVVLRQHURIWKH&LW\ 'HSDUWPHQW RI (QYLURQPHQWDO 3URWHFWLRQ ³'(3 &RPPLVVLRQHU´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¶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

 D Y 7KHORFDWLRQVZKHUHVXFK1RQURDG9HKLFOHVZHUHXVHGDQG

 D YL  :KHUHDGHWHUPLQDWLRQLVLQHIIHFWSXUVXDQWWR$UWLFOH  E RU F GHWDLOHGLQIRUPDWLRQFRQFHUQLQJWKH&RQWUDFWRU¶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³/RZHU0DQKDWWDQ´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³/RZHU 0DQKDWWDQ 5HGHYHORSPHQW 3URMHFW´ PHDQV DQ\ SURMHFW LQ /RZHU 0DQKDWWDQ WKDW LV IXQGHG LQ ZKROH RU LQ SDUW ZLWK IHGHUDO RU 6WDWH IXQGLQJ RU DQ\ SURMHFWLQWHQGHGWRLPSURYHWUDQVSRUWDWLRQEHWZHHQ/RZHU0DQKDWWDQDQGWKHWZRDLU WHUPLQDOVLQWKH&LW\NQRZQDV/D*XDUGLD$LUSRUWDQG-RKQ).HQQHG\,QWHUQDWLRQDO $LUSRUW RU EHWZHHQ /RZHU 0DQKDWWDQ DQG WKH DLU WHUPLQDO LQ 1HZDUN NQRZQ DV 1HZDUN /LEHUW\ ,QWHUQDWLRQDO $LUSRUW DQG WKDW LV IXQGHG LQ ZKROH RU LQ SDUW ZLWK IHGHUDOIXQGLQJ

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  F  ³1RQURDG(QJLQH´PHDQVDQLQWHUQDOFRPEXVWLRQHQJLQH LQFOXGLQJWKHIXHO V\VWHP WKDWLVQRWXVHGLQD0RWRU9HKLFOHRUDYHKLFOHXVHGVROHO\IRUFRPSHWLWLRQ RUWKDWLVQRWVXEMHFWWRVWDQGDUGVSURPXOJDWHGXQGHU6HFWLRQRU6HFWLRQRI 7LWOH  RI WKH 8QLWHG 6WDWHV &RGH H[FHSW WKDW WKLV WHUP VKDOO DSSO\ WR LQWHUQDO FRPEXVWLRQHQJLQHVXVHGWRSRZHUJHQHUDWRUVFRPSUHVVRUVRUVLPLODUHTXLSPHQWXVHG LQDQ\FRQVWUXFWLRQSURJUDPRUSURMHFW   G  ³1RQURDG9HKLFOH´ PHDQV D YHKLFOHWKDW LVSRZHUHG E\D 1RQURDG(QJLQH ILIW\  KRUVHSRZHU +3 DQGJUHDWHUDQGWKDWLVQRWD0RWRU9HKLFOHRUDYHKLFOH XVHG VROHO\ IRU FRPSHWLWLRQ ZKLFK VKDOO LQFOXGH EXW QRW EH OLPLWHG WR H[FDYDWRUV EDFNKRHVFUDQHVFRPSUHVVRUVJHQHUDWRUVEXOOGR]HUVDQGVLPLODUHTXLSPHQWH[FHSW WKDW WKLV WHUPV VKDOO QRW DSSO\ WR KRUWLFXOWXUDO PDLQWHQDQFH YHKLFOHV XVHG IRU ODQGVFDSLQJSXUSRVHVWKDWDUHSRZHUHGE\D1RQURDG(QJLQHRIVL[W\ILYH  +3RU OHVVDQGWKDWDUHQRWXVHGLQDQ\FRQVWUXFWLRQSURJUDPRUSURMHFW   H ³8OWUD/RZ6XOIXU'LHVHO)XHO´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¶VVROHFRVWDQGH[SHQVHDVGLUHFWHG E\ WKH 5HVLGHQW (QJLQHHU 7KH REOLJDWLRQ WR GHOLYHU ILQLVKHG :RUN LQ VWULFW DFFRUGDQFH ZLWK WKH &RQWUDFW SULRU WR )LQDO $FFHSWDQFH VKDOO EH DEVROXWH DQG VKDOO QRW EH DIIHFWHG E\ WKH 5HVLGHQW (QJLQHHU¶V DSSURYDO RI RU IDLOXUH WR SURKLELW WKH0HDQV DQG 0HWKRGV RI &RQVWUXFWLRQ XVHG E\ WKH &RQWUDFWRU   'XULQJWKHSHUIRUPDQFHRIWKH:RUNDQGXSWRWKHGDWHRI)LQDO$FFHSWDQFHWKH&RQWUDFWRU VKDOOWDNHDOOUHDVRQDEOHSUHFDXWLRQVWRSURWHFWDOOSHUVRQVDQGWKHSURSHUW\RIWKH&LW\DQGRIRWKHUVIURP GDPDJHORVVRULQMXU\UHVXOWLQJIURPWKH&RQWUDFWRU¶VDQGRULWV6XEFRQWUDFWRUV¶RSHUDWLRQVXQGHUWKLV &RQWUDFW7KH&RQWUDFWRU¶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¶VRZQHPSOR\HHV QRODWHUWKDQ WZHQW\   GD\V DIWHU VXFK HYHQW DQG DJDLQ QR ODWHU WKDQ WZHQW\   GD\V DIWHU  WKH LQLWLDWLRQ RI DQ\ FODLP DQGRU DFWLRQ UHVXOWLQJ WKHUHIURP 6XFK QRWLFH VKDOO FRQWDLQ WKH IROORZLQJLQIRUPDWLRQWKHQXPEHURIWKHLQVXUDQFHSROLF\WKHQDPHRIWKH1DPHG,QVXUHG WKH GDWH DQG ORFDWLRQ RI WKH LQFLGHQW DQG WKH LGHQWLW\ RI WKH SHUVRQV LQMXUHG RU SURSHUW\ GDPDJHG )RU DQ\ SROLF\ RQ ZKLFK WKH &LW\ DQGRU WKH (QJLQHHU $UFKLWHFW RU 3URMHFW 0DQDJHU DUH $GGLWLRQDO ,QVXUHGV VXFK QRWLFH VKDOO H[SUHVVO\VSHFLI\WKDW³WKLVQRWLFHLV

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK EHLQJJLYHQRQEHKDOIRIWKH&LW\RI1HZ

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  7KH&RQWUDFWRUVKDOOQRWKDYHDQ\ULJKWWRDQH[WHQVLRQRIWLPHRQDFFRXQWRIGHOD\VGXHWR WKH &RQWUDFWRU¶V IDLOXUH WR VXEPLW UHTXHVWV IRU WKH UHTXLUHG LQIRUPDWLRQ RU WKH UHTXLUHG DSSURYDO LQ DFFRUGDQFHZLWKWKHDERYHUHTXLUHPHQWV   $57,&/(127,&(2)&21',7,216&$86,1*'(/$<$1''2&80(17$7,212) '$0$*(6&$86('%<'(/$<   $IWHU WKH FRPPHQFHPHQW RI DQ\ FRQGLWLRQ ZKLFK LV FDXVLQJ RUPD\FDXVHDGHOD\LQ FRPSOHWLRQRIWKH:RUNLQFOXGLQJFRQGLWLRQVIRUZKLFKWKH&RQWUDFWRUPD\EHHQWLWOHGWRDQH[WHQVLRQ RIWLPHWKHIROORZLQJQRWLILFDWLRQVDQGVXEPLWWDOVDUHUHTXLUHG   :LWKLQILIWHHQ  'D\VDIWHUWKH&RQWUDFWRUEHFRPHVDZDUHRUUHDVRQDEO\VKRXOG EH DZDUH RI HDFK VXFK FRQGLWLRQ WKH &RQWUDFWRU PXVW QRWLI\ WKH 5HVLGHQW (QJLQHHU RU (QJLQHHUDVGLUHFWHGE\WKH&RPPLVVLRQHULQZULWLQJRIWKHH[LVWHQFHQDWXUHDQGHIIHFW RIVXFKFRQGLWLRQXSRQWKHDSSURYHGSURJUHVVVFKHGXOHDQGWKH:RUNDQGPXVWVWDWHZK\ DQGLQZKDWUHVSHFWVLIDQ\WKHFRQGLWLRQLVFDXVLQJRUPD\FDXVHDGHOD\6XFKQRWLFHVKDOO LQFOXGH D GHVFULSWLRQ RI WKH FRQVWUXFWLRQ DFWLYLWLHV WKDW DUH RU FRXOG EH DIIHFWHG E\ WKH FRQGLWLRQDQGPD\LQFOXGHDQ\UHFRPPHQGDWLRQVWKH&RQWUDFWRUPD\KDYHWRDGGUHVVWKH GHOD\FRQGLWLRQDQGDQ\DFWLYLWLHVWKH&RQWUDFWRUPD\WDNHWRDYRLGRUPLQLPL]HWKHGHOD\   ,IWKH&RQWUDFWRUVKDOOFODLPWREHVXVWDLQLQJGDPDJHVIRUGHOD\DVSURYLGHGIRULQ WKLV$UWLFOHZLWKLQIRUW\ILYH  'D\VIURPWKHWLPHVXFKGDPDJHVDUHILUVWLQFXUUHGIRU HDFKVXFKFRQGLWLRQWKH&RQWUDFWRU VKDOO VXEPLWWRWKH&RPPLVVLRQHU DYHULILHGZULWWHQ VWDWHPHQWRIWKHGHWDLOVDQGHVWLPDWHVRIWKHDPRXQWVRIVXFKGDPDJHVLQFOXGLQJFDWHJRULHV RIH[SHFWHGGDPDJHVDQGSURMHFWHGPRQWKO\FRVWVWRJHWKHUZLWKGRFXPHQWDU\HYLGHQFHRI VXFKGDPDJHVDVWKH&RQWUDFWRUPD\KDYHDWWKHWLPHRIVXEPLVVLRQ ³VWDWHPHQWRIGHOD\ GDPDJHV´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¶V REOLJDWLRQ WR FRRUGLQDWHDQGSURJUHVVWKH:RUNRILWV6XEFRQWUDFWRUV 8QUHDVRQDEOH GHOD\V DWWULEXWDEOH WR WKH UHYLHZ RI VKRS GUDZLQJV WKH LVVXDQFH RI FKDQJH RUGHUV RU WKH FXPXODWLYH LPSDFW RI FKDQJH RUGHUV WKDWZHUHQRWEURXJKWDERXWE\DQ\DFWRURPLVVLRQRIWKH&RQWUDFWRU  7KHXQDYDLODELOLW\RIWKH6LWHFDXVHGE\DFWVRURPLVVLRQVRIWKH&LW\ 7KHLVVXDQFHE\WKH(QJLQHHURIDVWRSZRUNRUGHUWKDWZDVQRWEURXJKW DERXWWKURXJKDQ\DFWRURPLVVLRQRIWKH&RQWUDFWRU 'LIIHULQJ VLWH FRQGLWLRQV RU HQYLURQPHQWDO KD]DUGV WKDW ZHUH QHLWKHU NQRZQQRU UHDVRQDEO\DVFHUWDLQDEOHRQDSUHELGLQVSHFWLRQRIWKH6LWH RUUHYLHZRIWKHELGGRFXPHQWVRURWKHUSXEOLFO\DYDLODEOHVRXUFHVDQG WKDWDUHQRWRUGLQDULO\HQFRXQWHUHGLQWKH3URMHFW¶VJHRJUDSKLFDODUHDRU QHLJKERUKRRGRULQWKHW\SHRI:RUNWREHSHUIRUPHG 'HOD\V FDXVHG E\ WKH &LW\¶V EDG IDLWK RU LWV ZLOOIXO PDOLFLRXV  RU JURVVO\QHJOLJHQWFRQGXFW  'HOD\VQRWFRQWHPSODWHGE\WKHSDUWLHV 'HOD\VVRXQUHDVRQDEOHWKDWWKH\FRQVWLWXWHDQLQWHQWLRQDODEDQGRQPHQW RIWKH&RQWUDFWE\WKH&LW\DQG 'HOD\VUHVXOWLQJIURPWKH&LW\¶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

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  $Q\ VLWXDWLRQ ZKLFK ZDV ZLWKLQ WKH FRQWHPSODWLRQ RI WKH SDUWLHV DW WKH WLPH RI HQWHULQJ LQWR WKH &RQWUDFW LQFOXGLQJ DQ\ GHOD\ LQGLFDWHG RU GLVFORVHG LQ WKH &RQWUDFW 'RFXPHQWV RU WKDW ZRXOG EH JHQHUDOO\ UHFRJQL]HG E\ D UHDVRQDEO\ SUXGHQW FRQWUDFWRU DV UHODWHG WR WKH QDWXUH RI WKH :RUN DQGRU WKH H[LVWHQFH RI DQ\ IDFLOLW\ RU DSSXUWHQDQFH RZQHGRSHUDWHGRUPDLQWDLQHGE\DQ\WKLUGSDUW\DVLQGLFDWHGRUGLVFORVHGLQWKH&RQWUDFW 'RFXPHQWVRURUGLQDULO\HQFRXQWHUHGRUJHQHUDOO\UHFRJQL]HGDVUHODWHGWRWKHQDWXUHRIWKH :RUN   5HVWUDLQLQJRUGHUVLQMXQFWLRQVRUMXGJPHQWVLVVXHGE\DFRXUWZKLFKZHUHFDXVHGE\ D&RQWUDFWRU¶VVXEPLVVLRQDFWLRQRULQDFWLRQRUE\D&RQWUDFWRU¶V0HDQVDQG0HWKRGVRI &RQVWUXFWLRQRUE\WKLUGSDUWLHVXQOHVVVXFKRUGHULQMXQFWLRQRUMXGJPHQWZDVWKHUHVXOW RIDQDFWRURPLVVLRQE\WKH&LW\   $Q\ODERUER\FRWWVWULNHSLFNHWLQJORFNRXWRUVLPLODUVLWXDWLRQ   $Q\VKRUWDJHV RI VXSSOLHVRU PDWHULDOVRUXQDYDLODELOLW\RIHTXLSPHQWUHTXLUHGE\ WKH&RQWUDFW:RUN   &OLPDWLF FRQGLWLRQV VWRUPV IORRGV GURXJKWV WLGDO ZDYHV ILUHV KXUULFDQHV HDUWKTXDNHVODQGVOLGHVRURWKHUFDWDVWURSKHVRUDFWVRI*RGRUDFWVRIZDURURIWKHSXEOLF HQHP\RUWHUURULVWDFWVLQFOXGLQJWKH&LW\¶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¶IHHVDQGGLVSXWHDQGFODLPVSUHSDUDWLRQH[SHQVHV

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  $Q\FODLPVIRUGHOD\XQGHUWKLV$UWLFOHDUHQRWVXEMHFWWRWKHMXULVGLFWLRQRIWKH&RQWUDFW 'LVSXWH5HVROXWLRQ%RDUGSXUVXDQWWRWKHGLVSXWHUHVROXWLRQSURFHVVVHWIRUWKLQ$UWLFOH   $Q\FRPSHQVDWLRQSURYLGHGWRWKH&RQWUDFWRULQDFFRUGDQFHZLWKWKLV$UWLFOHZLOOEH PDGHSXUVXDQWWRDFODLPILOHGZLWKWKH&RPSWUROOHU1RWKLQJLQWKLV$UWLFOHH[WHQGV WKHWLPHIRUWKH&RQWUDFWRUWRILOHDQDFWLRQZLWKUHVSHFWWRDFODLPZLWKLQVL[PRQWKVDIWHU 6XEVWDQWLDO&RPSOHWLRQSXUVXDQWWR$UWLFOH   $57,&/(&225',1$7,21:,7+27+(5&2175$&7256   'XULQJWKHSURJUHVV RI WKH :RUN 2WKHU &RQWUDFWRUV PD\EH HQJDJHG LQ SHUIRUPLQJRWKHU ZRUN RU PD\ EH DZDUGHG RWKHU FRQWUDFWV IRU DGGLWLRQDO ZRUN RQ WKLV 3URMHFW ,Q WKDW HYHQW WKH &RQWUDFWRUVKDOOFRRUGLQDWHWKH:RUNWREHGRQHKHUHXQGHUZLWKWKHZRUNRIVXFK2WKHU&RQWUDFWRUV DQGWKH&RQWUDFWRUVKDOOIXOO\FRRSHUDWHZLWKVXFK2WKHU&RQWUDFWRUVDQGFDUHIXOO\ILWLWVRZQ:RUNWR WKDW SURYLGHG XQGHU RWKHU FRQWUDFWV DV PD\ EH GLUHFWHG E\ WKH (QJLQHHU 7KH &RQWUDFWRU VKDOO QRW FRPPLWRUSHUPLWDQ\DFWZKLFKZLOOLQWHUIHUHZLWKWKHSHUIRUPDQFHRIZRUNE\DQ\2WKHU&RQWUDFWRUV   ,I WKH (QJLQHHU GHWHUPLQHV WKDW WKH &RQWUDFWRU LV IDLOLQJ WR FRRUGLQDWH LWV :RUN ZLWK WKH ZRUNRI2WKHU&RQWUDFWRUVDVWKH(QJLQHHUKDVGLUHFWHGWKHQWKH&RPPLVVLRQHUVKDOOKDYHWKHULJKWWR ZLWKKROG DQ\ SD\PHQWV RWKHUZLVH GXH KHUHXQGHU XQWLO WKH &RQWUDFWRU FRPSOHWHO\ FRPSOLHV ZLWK WKH (QJLQHHU¶VGLUHFWLRQV   7KH&RQWUDFWRUVKDOOQRWLI\WKH(QJLQHHULQZULWLQJLIDQ\2WKHU&RQWUDFWRURQWKLV3URMHFW LVIDLOLQJWRFRRUGLQDWHLWVZRUNZLWKWKH:RUNRIWKLV&RQWUDFW,IWKH(QJLQHHUILQGVVXFKFKDUJHVWREH WUXHWKH(QJLQHHUVKDOOSURPSWO\LVVXHVXFKGLUHFWLRQVWRWKH2WKHU&RQWUDFWRUZLWKUHVSHFWWKHUHWRDV WKHVLWXDWLRQPD\UHTXLUH7KH&LW\VKDOOQRWKRZHYHUEHOLDEOHIRUDQ\GDPDJHVVXIIHUHGE\DQ\2WKHU &RQWUDFWRU¶VIDLOXUHWRFRRUGLQDWHLWVZRUNZLWKWKH:RUNRIWKLV&RQWUDFWRUE\UHDVRQRIWKH2WKHU &RQWUDFWRU¶VIDLOXUHWRSURPSWO\FRPSO\ZLWKWKHGLUHFWLRQVVRLVVXHGE\WKH(QJLQHHURUE\UHDVRQRI DQ\2WKHU&RQWUDFWRU¶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¶VIDLOXUHWRFRPSO\ZLWKWKH(QJLQHHU¶VGLUHFWLRQVSURPSWO\ DQGWKH&RPSWUROOHUVKDOOKDYHWKHULJKWWRH[HUFLVHWKH SRZHUVUHVHUYHGLQ$UWLFOHZLWKUHVSHFWWR DQ\ FODLPV ZKLFK PD\ EH PDGH IRU GDPDJHV GXH WR WKH &RQWUDFWRU¶V IDLOXUH WR FRPSO\ ZLWK WKH (QJLQHHU¶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¶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³%RDUG´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¶VWLPHH[WHQVLRQUHTXHVWZLOOEHFRQVLGHUHGWKH&RQWUDFWRU VKDOOQRWLI\WKH$&&2RIWKHFRQGLWLRQZKLFKDOOHJHGO\KDVFDXVHGRULVFDXVLQJWKHGHOD\ DQGVKDOOVXEPLWDZULWWHQDSSOLFDWLRQWRWKH$&&2LGHQWLI\LQJ   D 7KH&RQWUDFWRUWKHUHJLVWUDWLRQQXPEHUDQG3URMHFWGHVFULSWLRQ

 E /LTXLGDWHGGDPDJHDVVHVVPHQWUDWHDVVSHFLILHGLQWKH&RQWUDFW

 F 2ULJLQDOWRWDOELGSULFH

 G 7KHRULJLQDO&RQWUDFWVWDUWGDWHDQGFRPSOHWLRQGDWH   H $Q\SUHYLRXVWLPHH[WHQVLRQVJUDQWHG QXPEHUDQGGXUDWLRQ DQG

 I 7KHH[WHQVLRQRIWLPHUHTXHVWHG

,QDGGLWLRQWKHDSSOLFDWLRQIRUH[WHQVLRQRIWLPHVKDOOVHWIRUWKLQGHWDLO

 D 7KHQDWXUHRIHDFKDOOHJHGFDXVHRIGHOD\LQFRPSOHWLQJWKH:RUN

 E  7KH GDWH XSRQZKLFK HDFK VXFK FDXVH RI GHOD\EHJDQ DQG HQGHG DQG WKH QXPEHURI'D\VDWWULEXWDEOHWRHDFKVXFKFDXVH   F  $ VWDWHPHQW WKDW WKH &RQWUDFWRU ZDLYHV DOO FODLPV H[FHSW IRU WKRVH GHOLQHDWHGLQWKHDSSOLFDWLRQDQGWKHSDUWLFXODUVRIDQ\FODLPVZKLFKWKH&RQWUDFWRU GRHVQRW DJUHHWRZDLYH)RUWLPHH[WHQVLRQVIRU6XEVWDQWLDO &RPSOHWLRQDQGILQDO FRPSOHWLRQSD\PHQWVWKHDSSOLFDWLRQVKDOOLQFOXGHDGHWDLOHGVWDWHPHQWRIWKHGROODU DPRXQWVRIHDFKHOHPHQWRIFODLPLWHPUHVHUYHGDQG   G  $ VWDWHPHQW LQGLFDWLQJ WKH &RQWUDFWRU¶V XQGHUVWDQGLQJ WKDW WKH WLPH H[WHQVLRQ LV JUDQWHG RQO\ IRU SXUSRVHV RI SHUPLWWLQJ FRQWLQXDWLRQ RI &RQWUDFW SHUIRUPDQFHDQGSD\PHQWIRU:RUNSHUIRUPHGDQGWKDWWKH&LW\UHWDLQVLWVULJKWWR FRQGXFWDQLQYHVWLJDWLRQDQGDVVHVVOLTXLGDWHGGDPDJHVDVDSSURSULDWHLQWKHIXWXUH   $QDO\VLVDQG$SSURYDORI7LPH([WHQVLRQV

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¶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¶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¶V DSSURYDO RU E  LI WKH &RQWUDFWRU QHLWKHU DFFHSWV WKH GDWHV QRU SURSRVHV DOWHUQDWLYH GDWHV WHQ   'D\V DIWHU WKH (QJLQHHU5HVLGHQW (QJLQHHU IXUQLVKHV WKH &RQWUDFWRU ZLWK D ILQDO SXQFK OLVW DQG SURSRVHG GDWHVIRU FRPSOHWLRQ RU F  LI WKH &RQWUDFWRU SURSRVHV DOWHUQDWLYH GDWHV WKH GDWH WKDW WKH (QJLQHHU5HVLGHQW (QJLQHHU VHQGV ZULWWHQ QRWLILFDWLRQ WR WKH &RQWUDFWRU HLWKHU DSSURYLQJ WKH &RQWUDFWRU¶V SURSRVHG DOWHUQDWLYHGDWHVRUHVWDEOLVKLQJGDWHVIRUWKHFRPSOHWLRQIRUHDFKLWHPRI:RUN   'HWHUPLQLQJWKH'DWHRI)LQDO$FFHSWDQFH7KH:RUNZLOOEHDFFHSWHGDVILQDODQGFRPSOHWH DVRIWKHGDWHRIWKH(QJLQHHU¶V5HVLGHQW (QJLQHHU¶V LQVSHFWLRQ LI XSRQ VXFK LQVSHFWLRQ WKH (QJLQHHU5HVLGHQW(QJLQHHUILQGVWKDWDOOLWHPVRQWKH)LQDO$SSURYHG3XQFK/LVWDUHFRPSOHWHDQG QRIXUWKHU:RUNUHPDLQVWREHGRQH7KH&RPPLVVLRQHUZLOOWKHQLVVXHDZULWWHQGHWHUPLQDWLRQRI)LQDO $FFHSWDQFH   5HTXHVWIRU,QVSHFWLRQ ,QVSHFWLRQRIWKH:RUNE\WKH(QJLQHHU5HVLGHQW(QJLQHHUIRUWKH SXUSRVHRI6XEVWDQWLDO&RPSOHWLRQRU)LQDO$FFHSWDQFHVKDOOEHPDGHZLWKLQIRXUWHHQ  'D\VDIWHU UHFHLSWRIWKH&RQWUDFWRU¶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¶VZULWWHQUHTXHVWWKHUHIRU

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¶V ULJKW WRLQGHPQLILFDWLRQ RU WKH &RQWUDFWRU¶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¶VGHFLVLRQWRH[HUFLVHWKHULJKWVJUDQWHGE\$UWLFOH,Q WKHHYHQWWKH&RPPLVVLRQHUWDNHVRYHUXVHVRFFXSLHVRURSHUDWHVDQ\SDUWRIWKH:RUN   WKH(QJLQHHU5HVLGHQW(QJLQHHUVKDOOLVVXHDZULWWHQGHWHUPLQDWLRQRI6XEVWDQWLDO &RPSOHWLRQZLWKUHVSHFWWRVXFKSDUWRIWKH:RUN   WKH&RQWUDFWRUVKDOOEHUHOLHYHGRILWVDEVROXWHREOLJDWLRQWRSURWHFWVXFKSDUWRIWKH XQILQLVKHG:RUNLQDFFRUGDQFHZLWK$UWLFOH   WKH&RQWUDFWRU¶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¶V3D\HH,QIRUPDWLRQ 3RUWDO 3,3  DYDLODEOH DW ZZZQ\FJRYSLS)RU HDFK 6XEFRQWUDFWRU OLVWHG &RQWUDFWRU LVUHTXLUHGWR SURYLGHWKHIROORZLQJLQIRUPDWLRQPD[LPXPFRQWUDFWYDOXHGHVFULSWLRQRI6XEFRQWUDFWRU¶V:RUNVWDUW DQG HQG GDWH RI WKH VXEFRQWUDFW DQG LGHQWLILFDWLRQ RI WKH 6XEFRQWUDFWRU¶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

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK 6XEFRQWUDFWRUVKDOOH[SUHVVO\VWLSXODWHWKDWDOOODERUSHUIRUPHGDQGPDWHULDOVIXUQLVKHGE\WKH 6XEFRQWUDFWRUVKDOOVWULFWO\FRPSO\ZLWKWKHUHTXLUHPHQWVRIWKLV&RQWUDFW   'RFXPHQWV JLYHQ WR D SURVSHFWLYH 6XEFRQWUDFWRU IRU WKH SXUSRVH RI VROLFLWLQJ WKH 6XEFRQWUDFWRU¶VELGVKDOOLQFOXGHHLWKHUDFRS\RIWKHELGFRYHURUDVHSDUDWHLQIRUPDWLRQVKHHWVHWWLQJ IRUWKWKH3URMHFWQDPHWKH&RQWUDFWQXPEHU LIDYDLODEOH WKH$JHQF\ DVQRWHGLQ$UWLFOH DQG WKH3URMHFW¶VORFDWLRQ   7KH&RPPLVVLRQHU¶VDSSURYDORID6XEFRQWUDFWRUVKDOOQRWUHOLHYHWKH&RQWUDFWRURIDQ\RI LWV UHVSRQVLELOLWLHV GXWLHV DQG OLDELOLWLHV KHUHXQGHU 7KH &RQWUDFWRU VKDOO EH VROHO\ UHVSRQVLEOH WRWKH &LW\ IRU WKH DFWV RU GHIDXOWV RI LWV 6XEFRQWUDFWRU DQG RI VXFK 6XEFRQWUDFWRU¶V RIILFHUV DJHQWV DQG HPSOR\HHV HDFK RI ZKRP VKDOO IRU WKLV SXUSRVH EH GHHPHG WR EH WKH DJHQW RU HPSOR\HH RI WKH &RQWUDFWRUWRWKHH[WHQWRILWVVXEFRQWUDFW   ,IWKH6XEFRQWUDFWRUIDLOVWRPDLQWDLQWKHQHFHVVDU\IDFLOLWLHVVNLOOLQWHJULW\SDVWH[SHULHQFH DQGILQDQFLDOUHVRXUFHV RWKHUWKDQGXHWRWKH&RQWUDFWRU¶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et seq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

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  2Q FRQWUDFWV ZKHUH SHUIRUPDQFH ERQGV DQG SD\PHQW ERQGV DUH H[HFXWHG WKH &RQWUDFWRU VKDOO LQFOXGH RQ HDFK UHTXLVLWLRQ IRU SD\PHQW WKH IROORZLQJGDWD 6XEFRQWUDFWRU¶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¶VHPSOR\HHV   7KHSURYLVLRQVRIWKLVFODXVHVKDOOQRWKLQGHUSUHYHQWRUDIIHFWDQDVVLJQPHQWE\ WKH &RQWUDFWRUIRUWKHEHQHILWRILWVFUHGLWRUVPDGHSXUVXDQWWRWKH/DZVRIWKH6WDWHRI1HZ

&+$37(59&2175$&725¶66(&85,7<$1'*8$5$17((

$57,&/(6(&85,7<'(326,7   ,ISHUIRUPDQFHDQGSD\PHQWERQGVDUHUHTXLUHGWKH&LW\VKDOOUHWDLQWKHELGVHFXULW\WRHQVXUH WKDW WKH VXFFHVVIXO ELGGHU H[HFXWHV WKH &RQWUDFW DQG IXUQLVKHV WKH UHTXLUHGSD\PHQW DQG SHUIRUPDQFH VHFXULW\ZLWKLQWHQ  'D\VDIWHUQRWLFHRIWKHDZDUGRIWKH&RQWUDFW,IWKHVXFFHVVIXOELGGHUIDLOVWR H[HFXWHWKH&RQWUDFW DQGIXUQLVKWKHUHTXLUHGSD\PHQWDQGSHUIRUPDQFHVHFXULW\WKH&LW\ VKDOOUHWDLQ VXFKELGVHFXULW\DVVHWIRUWKLQWKH,QIRUPDWLRQIRU%LGGHUV,I WKH VXFFHVVIXO ELGGHU H[HFXWHV WKH

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK &RQWUDFW DQG IXUQLVKHV WKH UHTXLUHG SD\PHQW DQG SHUIRUPDQFH VHFXULW\ WKH &LW\ VKDOO UHWXUQ WKH ELG VHFXULW\ZLWKLQDUHDVRQDEOHWLPHDIWHUWKHIXUQLVKLQJRIVXFKERQGVDQGH[HFXWLRQRIWKH&RQWUDFWE\WKH &LW\   ,I SHUIRUPDQFH DQG SD\PHQWERQGVDUHQRWUHTXLUHGWKHELGVHFXULW\VKDOOEHUHWDLQHGE\WKH &LW\ DV VHFXULW\ IRU WKH &RQWUDFWRU¶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³EHQHILFLDU\´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¶IHHVH[FHSWWRWKHH[WHQWUHTXLUHGE\6WDWH)LQDQFH /DZ6HFWLRQ

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¶V UHYLHZ RI VXFK GHPDQG VKDOO EH SDLG WR WKH &RQWUDFWRU SURYLGHG KRZHYHUQROLHQKDVEHHQILOHG,QWKHHYHQWDFODLPRUDQDFWLRQKDVEHHQILOHGWKHWHUPV DQG FRQGLWLRQV VHW IRUWK LQ $UWLFOH  VKDOO DSSO\ ,Q WKH HYHQW D OLHQ KDV EHHQ ILOHG WKH SDUWLHVZLOOEHJRYHUQHGE\WKHSURYLVLRQVRIWKH/LHQ/DZRIWKH6WDWHRI1HZ

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¶V IDLOXUH WR VHFXUH SROLFLHV LQ FRPSOHWH FRQIRUPLW\ZLWKWKLV$UWLFOHRUWRJLYHDQLQVXUDQFHFRPSDQ\WLPHO\QRWLFHRIDQ\VRUWUHTXLUHGLQWKLV &RQWUDFW RU WR GR DQ\WKLQJ HOVH UHTXLUHG E\ WKLV $UWLFOH  VKDOO FRQVWLWXWH D PDWHULDO EUHDFK RI WKLV &RQWUDFW6XFKEUHDFKVKDOOQRWEHZDLYHGRURWKHUZLVHH[FXVHGE\DQ\DFWLRQRULQDFWLRQE\WKH&LW\DW DQ\WLPH   3XUVXDQWWR*HQHUDO0XQLFLSDO/DZ6HFWLRQWKLV&RQWUDFWVKDOOEHYRLGDQGRIQR HIIHFWXQOHVV&RQWUDFWRUPDLQWDLQV:RUNHUV¶&RPSHQVDWLRQ,QVXUDQFHIRUWKHWHUPRIWKLV&RQWUDFWWR WKHH[WHQWUHTXLUHGDQGLQFRPSOLDQFHZLWKWKH1HZ

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¶V FHUWLILFDWH VHWWLQJ IRUWK WKH IDLU DQG UHDVRQDEOH FRVW RI UHSDLULQJ UHSODFLQJ UHEXLOGLQJ RU UHVWRULQJ DQ\ GDPDJHG RU GHIHFWLYH :RUN ZKHQSHUIRUPHGE\RQHRWKHUWKDQWKH &RQWUDFWRUVKDOOEHELQGLQJDQGFRQFOXVLYHXSRQWKH&RQWUDFWRUDVWRWKHDPRXQWWKHUHRI   7KH&RQWUDFWRUVKDOOREWDLQDOOPDQXIDFWXUHUV¶ZDUUDQWLHVDQGJXDUDQWLHVRIDOOHTXLSPHQWDQG PDWHULDOVUHTXLUHGE\WKLV&RQWUDFWLQWKHQDPHRIWKH&LW\DQGVKDOOGHOLYHUVDPHWRWKH&RPPLVVLRQHU $OORIWKH&LW\¶VULJKWVDQGWLWOHDQGLQWHUHVWLQDQGWRVDLGPDQXIDFWXUHUV¶ZDUUDQWLHVDQGJXDUDQWLHVPD\ EHDVVLJQHGE\WKH&LW\WRDQ\VXEVHTXHQWSXUFKDVHUVRIVXFKHTXLSPHQWDQGPDWHULDOVRUOHVVHHVRIWKH SUHPLVHVLQWRZKLFKWKHHTXLSPHQWDQGPDWHULDOVKDYHEHHQLQVWDOOHG

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK &+$37(59,&+$1*(6(;75$:25.$1''2&80(17$7,212)&/$,0

$57,&/(&+$1*(6

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³7KH $('*UHHQ%RRN5HQWDO5DWHVDQG6SHFLILFDWLRQVIRU&RQVWUXFWLRQ(TXLSPHQW´SXEOLVKHG E\(TXLSPHQW:DWFK WKH³*UHHQ%RRN´ RUVHYHQW\ILYHSHUFHQWRIWKHPRQWKO\SURUDWHG UHQWDO UDWHV HVWDEOLVKHG LQ WKH ³5HQWDO 5DWH %OXH %RRN IRU &RQVWUXFWLRQ (TXLSPHQW´ SXEOLVKHGE\(TXLSPHQW:DWFK WKH³%OXH%RRN´  WKHDSSOLFDEOH%OXH%RRNUDWHEHLQJIRU UHQWDO RQO\ ZLWKRXW WKH DGGLWLRQ RI DQ\ RSHUDWLRQDO FRVWV OLVWHG LQ WKH %OXH %RRN  7KH UHDVRQDEOH UHQWDO YDOXH LV GHHPHG WR EH LQFOXVLYH RI DOO RSHUDWLQJ FRVWV H[FHSW IRU IXHOHQHUJ\ FRQVXPSWLRQ DQG HTXLSPHQW RSHUDWRU¶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¶ &RPSHQVDWLRQ ,QVXUDQFH DQG DQ\ LQVXUDQFH FRYHUDJH H[SUHVVO\ UHTXLUHG E\ WKH &LW\ IRU WKH SHUIRUPDQFH RI WKH ([WUD :RUN ZKLFK LV GLIIHUHQW WKDQ WKH W\SHVRILQVXUDQFHUHTXLUHGE\$UWLFOHDQG6FKHGXOH$RIWKH*HQHUDO&RQGLWLRQV7KH FRVW RI :RUNHUV¶ &RPSHQVDWLRQ ,QVXUDQFH LV VXEMHFW WR DSSOLFDEOH SD\UROO OLPLWDWLRQ FDSV DQG VKDOO EH EDVHG XSRQ WKH FDUULHU¶V 0DQXDO 5DWH IRU VXFK LQVXUDQFH GHULYHG IURP WKH DSSOLFDEOHFODVV/RVV&RVW ³/&´ DQGFDUULHU¶V/RVW&RVW0XOWLSOLHU ³/&0´ DSSURYHGE\ WKH1HZ

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¶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¶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

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK ZLWKLQWKLUW\  'D\V WKHUHDIWHUPD\SHWLWLRQWKH&RQWUDFW'LVSXWH5HVROXWLRQ%RDUGWRUHYLHZWKH &RPPLVVLRQHU¶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¶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¶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¶V GHFLVLRQPXVWEHFRQVLVWHQWZLWK WKHWHUPVRIWKH&RQWUDFW'HFLVLRQVRIWKH&RQWUDFW'LVSXWH5HVROXWLRQ%RDUGVKDOORQO\ UHVROYH PDWWHUV EHIRUH WKH &RQWUDFW 'LVSXWH 5HVROXWLRQ %RDUG DQG VKDOO QRW KDYH SUHFHGHQWLDO HIIHFW ZLWK UHVSHFW WR PDWWHUV QRW EHIRUH WKH &RQWUDFW 'LVSXWH 5HVROXWLRQ %RDUG

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  1RWLILFDWLRQRI&RQWUDFW'LVSXWH5HVROXWLRQ%RDUG'HFLVLRQ7KH&RQWUDFW'LVSXWH 5HVROXWLRQ %RDUG VKDOO VHQG D FRS\ RI LWV GHFLVLRQ WR WKH &RQWUDFWRU WKH $&&2 WKH (QJLQHHU WKH &RPSWUROOHU WKH &LW\ &RUSRUDWLRQ &RXQVHO WKH &&32 DQG WKH 33%$ GHFLVLRQLQIDYRURIWKH&RQWUDFWRUVKDOOEHVXEMHFWWRWKHSURPSWSD\PHQWSURYLVLRQVRIWKH 33%5XOHV7KH5HTXLUHG3D\PHQW'DWHVKDOOEHWKLUW\  'D\VDIWHUWKHGDWHWKHSDUWLHV DUHIRUPDOO\QRWLILHGRIWKH&RQWUDFW'LVSXWH5HVROXWLRQ%RDUG¶VGHFLVLRQ   )LQDOLW\RI &RQWUDFW 'LVSXWH 5HVROXWLRQ%RDUG 'HFLVLRQ 7KH&RQWUDFW 'LVSXWH 5HVROXWLRQ%RDUG¶VGHFLVLRQVKDOOEHILQDODQGELQGLQJRQDOOSDUWLHV$Q\SDUW\PD\VHHN UHYLHZ RI WKH &RQWUDFW 'LVSXWH 5HVROXWLRQ %RDUG¶V GHFLVLRQ VROHO\ LQ WKH IRUP RI D FKDOOHQJH ILOHG ZLWKLQ IRXU   PRQWKV RI WKH GDWH RI WKH &RQWUDFW 'LVSXWH 5HVROXWLRQ %RDUG¶VGHFLVLRQLQDFRXUWRIFRPSHWHQWMXULVGLFWLRQRIWKH6WDWHRI1HZ

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¶VIDLOXUHWRSHUIRUP HDFKDQGHYHU\SDUWRILWV&RQWUDFW  

&+$37(59,,,/$%253529,6,216

$57,&/((03/2<((6   7KH&RQWUDFWRUDQGLWV6XEFRQWUDFWRUVVKDOOQRWHPSOR\RQWKH:RUN   $Q\RQH ZKR LV QRW FRPSHWHQW IDLWKIXO DQGVNLOOHGLQ WKH :RUN IRU ZKLFK KHVKH VKDOO EH HPSOR\HG DQG ZKHQHYHU WKH &RPPLVVLRQHU VKDOO LQIRUP WKH &RQWUDFWRU LQ ZULWLQJWKDWDQ\HPSOR\HHLVLQKLVKHURSLQLRQLQFRPSHWHQWXQIDLWKIXORUGLVREHGLHQWWKDW HPSOR\HH VKDOO EH GLVFKDUJHG IURPWKH :RUN IRUWKZLWKDQGVKDOO QRW DJDLQEHHPSOR\HG XSRQLWRU

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  $Q\ODERUPDWHULDOVRUPHDQVZKRVHHPSOR\PHQWRUXWLOL]DWLRQGXULQJWKHFRXUVHRI WKLV&RQWUDFWPD\WHQGWRRULQDQ\ZD\FDXVHRUUHVXOWLQVWULNHVZRUNVWRSSDJHVGHOD\V VXVSHQVLRQ RI :RUN RU VLPLODU WURXEOHV E\ ZRUNHUV HPSOR\HG E\ WKH &RQWUDFWRU RU LWV 6XEFRQWUDFWRUV RU E\ DQ\ RI WKH WUDGHV ZRUNLQJ LQ RU DERXW WKH EXLOGLQJV DQGSUHPLVHV ZKHUH :RUN LVEHLQJSHUIRUPHGXQGHUWKLV&RQWUDFW RU E\ 2WKHU &RQWUDFWRUV RU WKHLU 6XEFRQWUDFWRUVSXUVXDQWWRRWKHUFRQWUDFWVRURQDQ\RWKHUEXLOGLQJRUSUHPLVHVRZQHGRU RSHUDWHGE\WKH&LW\LWV$JHQFLHVGHSDUWPHQWVERDUGVRUDXWKRULWLHV$Q\YLRODWLRQE\WKH &RQWUDFWRU RI WKLV UHTXLUHPHQW PD\ XSRQ FHUWLILFDWLRQ RI WKH &RPPLVVLRQHU EH FRQVLGHUHGDVSURSHUDQGVXIILFLHQWFDXVHIRUGHFODULQJWKH&RQWUDFWRUWREHLQGHIDXOWDQG IRUWKH&LW\WRWDNHDFWLRQDJDLQVWLWDVVHWIRUWKLQ&KDSWHU;RIWKLV&RQWUDFWRUVXFKRWKHU DUWLFOHRIWKLV&RQWUDFWDVWKH&RPPLVVLRQHUPD\GHHPSURSHURU   ,Q DFFRUGDQFH ZLWK 6HFWLRQ H RI WKH /DERU /DZ RI WKH 6WDWH RI 1HZ

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¶V HGXFDWLRQ HIIRUWV DQG PXVW FRPSO\ ZLWK '&$¶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

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK LOOQHVV SK\VLFDO LOOQHVV LQMXU\ RU KHDOWK FRQGLWLRQ RU ZKR KDV D QHHG IRU PHGLFDOGLDJQRVLVRUSUHYHQWLYHPHGLFDOFDUH LLL FORVXUHRI VXFKHPSOR\HH¶V SODFH RI EXVLQHVVE\RUGHURIDSXEOLFRIILFLDO GXHWRDSXEOLFKHDOWKHPHUJHQF\RU LY VXFKHPSOR\HH¶VQHHGWRFDUHIRUDFKLOGZKRVHVFKRRORUFKLOGFDUHSURYLGHU KDVEHHQFORVHGGXHWRDSXEOLFKHDOWKHPHUJHQF\   G  $Q HPSOR\HU PXVW QRW UHTXLUH DQHPSOR\HH DVD FRQGLWLRQ RIWDNLQJ VLFN WLPH WR VHDUFK IRU D UHSODFHPHQW +RZHYHU DQ HPSOR\HU PD\ UHTXLUH DQ HPSOR\HH WR SURYLGH UHDVRQDEOH QRWLFH RI WKH QHHG WR XVH VLFN WLPH UHDVRQDEOH GRFXPHQWDWLRQ WKDW WKH XVH RI VLFN WLPH ZDV QHHGHG IRU D UHDVRQDERYHLIIRUDQ DEVHQFHRIPRUHWKDQWKUHHFRQVHFXWLYHZRUNGD\VDQGRUZULWWHQFRQILUPDWLRQWKDW DQHPSOR\HHXVHGVLFNWLPHSXUVXDQWWRWKH36//+RZHYHUDQHPSOR\HUPD\QRW UHTXLUH GRFXPHQWDWLRQ VSHFLI\LQJ WKH QDWXUH RI D PHGLFDO FRQGLWLRQ RU RWKHUZLVH UHTXLUHGLVFORVXUHRIWKHGHWDLOVRIDPHGLFDOFRQGLWLRQDVDFRQGLWLRQRISURYLGLQJ VLFN WLPH DQG KHDOWK LQIRUPDWLRQ REWDLQHG VROHO\ GXH WR DQ HPSOR\HH¶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

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  I DQHPSOR\HHLQDZRUNVWXG\SURJUDPXQGHU6HFWLRQRI&KDSWHU RIWKH8QLWHG6WDWHV&RGH   J  DQ HPSOR\HH ZKRVH ZRUN LV FRPSHQVDWHG E\ D TXDOLILHG VFKRODUVKLS SURJUDPDVWKDWWHUPLVGHILQHGLQWKH,QWHUQDO5HYHQXH&RGH6HFWLRQRI&KDSWHU RIWKH8QLWHG6WDWHV&RGHRU   K DSDUWLFLSDQWLQD:RUN([SHULHQFH3URJUDP :(3 XQGHUVHFWLRQ FRIWKH1HZ

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK FROOHFWLYH EDUJDLQLQJ DJUHHPHQW HPSOR\PHQW EHQHILW SODQ RU RWKHU DJUHHPHQW SURYLGLQJ PRUH JHQHURXV VLFN WLPH 7KH 36// SURYLGHV PLQLPXP UHTXLUHPHQWV SHUWDLQLQJ WR VLFN WLPHDQGGRHVQRWSUHHPSWOLPLWRURWKHUZLVHDIIHFWWKHDSSOLFDELOLW\ RI DQ\ RWKHU ODZ UHJXODWLRQUXOHUHTXLUHPHQWSROLF\RUVWDQGDUGWKDWSURYLGHVIRUJUHDWHUDFFUXDORUXVHE\ HPSOR\HHVRIVLFNOHDYHRUWLPHZKHWKHUSDLGRUXQSDLGRUWKDWH[WHQGVRWKHUSURWHFWLRQV WRHPSOR\HHV7KH36//PD\QRWEHFRQVWUXHGDVFUHDWLQJRULPSRVLQJDQ\UHTXLUHPHQWLQ FRQIOLFWZLWKDQ\IHGHUDORUVWDWHODZUXOHRUUHJXODWLRQ   +LUH1<&+LULQJDQG5HSRUWLQJ5HTXLUHPHQWV7KLV$UWLFOHDSSOLHVWRFRQVWUXFWLRQ FRQWUDFWVRIRUPRUH7KH&RQWUDFWRUVKDOOFRPSO\ZLWKWKHUHTXLUHPHQWVRI$UWLFOHV IRUDOOQRQWUDGHVMREV HJIRUDQDGPLQLVWUDWLYHSRVLWLRQDULVLQJRXWRI:RUNDQWORFDWHGLQ1HZ

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK FRQYLFWLRQWKHUHRIEHSXQLVKHGE\DILQHRIQRWPRUHWKDQRQHKXQGUHG  GROODUVRU E\LPSULVRQPHQWIRUQRWPRUHWKDQWKLUW\  'D\VRUERWK   7KLV&RQWUDFWLVVXEMHFWWRWKHUHTXLUHPHQWVRI([HFXWLYH2UGHU1R   ³(2´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¶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

&+$37(5,;3$57,$/$1'),1$/3$<0(176

$57,&/(&2175$&735,&(   7KH &LW\ VKDOOSD\DQGWKH&RQWUDFWRU DJUHHV WR DFFHSW LQ IXOO FRQVLGHUDWLRQ IRU WKH &RQWUDFWRU¶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¶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¶VERRNV YRXFKHUVUHFRUGVHWFDVLVUHIHUUHGWRLQ$UWLFOHVDQG1RWKLQJFRQWDLQHGLQWKLV$UWLFOH  LV LQWHQGHG WR RU VKDOO UHOLHYH WKH &RQWUDFWRU IURP WKH REOLJDWLRQ RI FRPSO\LQJ VWULFWO\ ZLWK $UWLFOHVDQG7KH&RQWUDFWRULVZDUQHGWKDWXQOHVVVXFKFODLPVDUHFRPSOHWHO\VHWIRUWKDV KHUHLQUHTXLUHGWKH&RQWUDFWRUXSRQDFFHSWDQFHRIWKH)LQDO3D\PHQWSXUVXDQWWR$UWLFOHZLOOKDYH ZDLYHGDQ\VXFKFODLPV   3UHSDUDWLRQ RI )LQDO 9RXFKHU8SRQ GHWHUPLQLQJ WKH EDODQFH GXH KHUHXQGHU RWKHU WKDQ RQ DFFRXQWRIFODLPVWKH(QJLQHHUZLOOSUHSDUHDQGFHUWLI\IRUWKH&RPPLVVLRQHU¶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

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK YHULILHGVWDWHPHQWILOHGZLWKWKH&RQWUDFWRU¶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¶VVXEVWDQWLDODQGILQDOUHTXLVLWLRQV SXUVXDQWWR$UWLFOHVDQGRUWKDWDURVHDIWHUVXEPLVVLRQRIWKHILQDOSD\PHQWUHTXLVLWLRQSURYLGHG WKDWDGHWDLOHGDQGYHULILHGVWDWHPHQWRIFODLPLVVHUYHGXSRQWKHFRQWUDFWLQJ$JHQF\DQG&RPSWUROOHU QRWODWHUWKDQIRUW\  'D\VDIWHUWKHPDNLQJRIVXFKILQDOSD\PHQWE\HOHFWURQLFIXQGVWUDQVIHU ()7  RUWKHPDLOLQJRIVXFKILQDOSD\PHQW7KHVWDWHPHQWVKDOOVSHFLI\WKHLWHPVXSRQZKLFKWKHFODLPZLOOEH EDVHGDQGDQ\VXFKFODLPVKDOOEHOLPLWHGWRVXFKLWHPV   $57,&/($33529$/%<38%/,&'(6,*1&200,66,21  $OOZRUNVRIDUWLQFOXGLQJSDLQWLQJVPXUDOGHFRUDWLRQVVWDLQHGJODVVVWDWXHVEDVUHOLHIVDQG RWKHU VFXOSWXUHV PRQXPHQWV IRXQWDLQV DUFKHV DQGRWKHUVWUXFWXUHVRIDSHUPDQHQWFKDUDFWHULQWHQGHG IRU RUQDPHQW RU FRPPHPRUDWLRQ DQG HYHU\ GHVLJQ RI WKH VDPH WREH XVHG LQ WKH SHUIRUPDQFH RI WKLV &RQWUDFWDQGWKHGHVLJQRIDOOEULGJHVDSSURDFKHVEXLOGLQJVJDWHVIHQFHVODPSVRUVWUXFWXUHVWREH HUHFWHG SXUVXDQW WR WKH WHUPV RI WKLV &RQWUDFW VKDOO EH VXEPLWWHG WR WKH $UW &RPPLVVLRQ GED WKH 3XEOLF 'HVLJQ &RPPLVVLRQ RI WKH &LW\ RI 1HZ

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¶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¶VRSLQLRQDWWULEXWDEOHWRFRQGLWLRQVZLWKLQWKH&RQWUDFWRU¶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¶ QRWLFH

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK $57,&/( (;(5&,6(2)7+(5,*+772'(&/$5('()$8/7   7KHULJKWWRGHFODUHWKH&RQWUDFWRULQGHIDXOWIRUDQ\RIWKHJURXQGVVSHFLILHGRUUHIHUUHGWRLQ $UWLFOHVKDOOEHH[HUFLVHGE\VHQGLQJWKH&RQWUDFWRUDQRWLFHVLJQHGE\WKH&RPPLVVLRQHUVHWWLQJ IRUWKWKHJURXQGRUJURXQGVXSRQZKLFKVXFKGHIDXOWLVGHFODUHG KHUHLQDIWHUUHIHUUHGWRDVD³1RWLFHRI 'HIDXOW´    7KH &RPPLVVLRQHU¶V GHWHUPLQDWLRQ WKDW WKH &RQWUDFWRU LV LQ GHIDXOW VKDOO EH FRQFOXVLYH ILQDODQGELQGLQJRQWKHSDUWLHVDQGVXFKDILQGLQJVKDOOSUHFOXGHWKH&RQWUDFWRUIURPFRPPHQFLQJD SOHQDU\DFWLRQIRUDQ\GDPDJHVUHODWLQJWRWKH&RQWUDFW,IWKH&RQWUDFWRUSURWHVWVWKHGHWHUPLQDWLRQRI WKH&RPPLVVLRQHUWKH&RQWUDFWRUPD\FRPPHQFHDQDFWLRQLQDFRXUWRIFRPSHWHQWMXULVGLFWLRQRIWKH 6WDWHRI1HZ

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  7KHSURYLVLRQVRIWKLV&KDSWHUUHODWLQJWRGHFODULQJWKH&RQWUDFWRULQGHIDXOWDVWRWKHHQWLUH :RUNVKDOOEHHTXDOO\DSSOLFDEOHWRDGHFODUDWLRQRISDUWLDOGHIDXOWH[FHSWWKDWWKH&RPPLVVLRQHUVKDOO EHHQWLWOHGWRXWLOL]HIRUFRPSOHWLRQRIWKHSDUWRIWKH:RUNDVWRZKLFKWKH&RQWUDFWRUZDVGHFODUHGLQ GHIDXOW RQO\ VXFK SODQW PDWHULDOV HTXLSPHQW WRROV DQG VXSSOLHV DV KDG EHHQ SUHYLRXVO\ XVHG E\ WKH &RQWUDFWRURQVXFKSDUW   $57,&/(3(5)250$1&(2)81&203/(7(':25.   ,QFRPSOHWLQJWKHZKROHRUDQ\SDUWRIWKH:RUNXQGHUWKHSURYLVLRQVRIWKLV&KDSWHU;WKH &RPPLVVLRQHUVKDOOKDYHWKHSRZHUWRGHSDUWIURPRUFKDQJHRUYDU\WKHWHUPVDQGSURYLVLRQVRIWKLV &RQWUDFW SURYLGHG KRZHYHU WKDW VXFK GHSDUWXUH FKDQJH RU YDULDWLRQ LV PDGH IRU WKH SXUSRVH RI UHGXFLQJWKHWLPHRUH[SHQVHRIVXFKFRPSOHWLRQ6XFKGHSDUWXUHFKDQJHRUYDULDWLRQHYHQWRWKHH[WHQW RIDFFHSWLQJDOHVVHURUGLIIHUHQWSHUIRUPDQFHVKDOOQRWDIIHFWWKHFRQFOXVLYHQHVVRIWKH&RPPLVVLRQHU¶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

&+$37(5;,0,6&(//$1(2863529,6,216

$57,&/(&2175$&725¶6:$55$17,(6   ,QFRQVLGHUDWLRQRIDQGWRLQGXFHWKHDZDUGRIWKLV&RQWUDFWWRWKH&RQWUDFWRUWKH &RQWUDFWRUUHSUHVHQWVDQGZDUUDQWV

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¶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¶V JRRG IDLWK HQGHDYRUV RU ODFNWKHUHRI WR FRRSHUDWH IXOO\ DQG IDLWKIXOO\ ZLWK DQ\ JRYHUQPHQWDO LQYHVWLJDWLRQ RU DXGLW LQFOXGLQJ EXW QRW OLPLWHG WR WKH GLVFLSOLQH GLVFKDUJHRUGLVDVVRFLDWLRQRIDQ\SHUVRQIDLOLQJWRWHVWLI\WKHSURGXFWLRQRIDFFXUDWHDQG FRPSOHWHERRNVDQGUHFRUGV DQGWKHIRUWKFRPLQJWHVWLPRQ\RIDOO RWKHU PHPEHUV DJHQWV DVVLJQHHVRUILGXFLDULHVZKRVHWHVWLPRQ\LVVRXJKW   7KHUHODWLRQVKLSRIWKHSHUVRQZKRUHIXVHGWRWHVWLI\WRDQ\HQWLW\WKDWLVDSDUW\WR WKHKHDULQJLQFOXGLQJEXWQRWOLPLWHGWRZKHWKHUWKHSHUVRQZKRVHWHVWLPRQ\LVVRXJKWKDV DQ RZQHUVKLS LQWHUHVW LQ WKH HQWLW\ DQGRU WKH GHJUHH RI DXWKRULW\ DQG UHVSRQVLELOLW\ WKH SHUVRQKDVZLWKLQWKHHQWLW\   7KH QH[XV RI WKH WHVWLPRQ\ VRXJKW WR WKH VXEMHFW HQWLW\ DQG LWV FRQWUDFWV OHDVHV SHUPLWVRUOLFHQVHVZLWKWKH&LW\   7KHHIIHFWDSHQDOW\PD\KDYHRQDQXQDIILOLDWHGDQGXQUHODWHGSDUW\RUHQWLW\WKDW KDVDVLJQLILFDQWLQWHUHVWLQDQHQWLW\VXEMHFWWRSHQDOWLHVXQGHU$UWLFOHSURYLGHGWKDW WKHSDUW\RUHQWLW\KDVJLYHQDFWXDOQRWLFHWRWKH&RPPLVVLRQHUXSRQWKHDFTXLVLWLRQRIWKH LQWHUHVW RU DW WKH KHDULQJ FDOOHG IRU LQ $UWLFOH  JLYHV QRWLFH DQG SURYHV WKDW VXFK LQWHUHVWZDVSUHYLRXVO\DFTXLUHG8QGHUHLWKHUFLUFXPVWDQFHWKHSDUW\RUHQWLW\VKDOOSUHVHQW HYLGHQFHDWWKH KHDULQJGHPRQVWUDWLQJWKHSRWHQWLDODGYHUVHLPSDFWDSHQDOW\ZLOOKDYHRQ VXFKSHUVRQRUHQWLW\   'HILQLWLRQV   7KH WHUP ³OLFHQVH´ RU ³SHUPLW´ DV XVHG LQ WKLV $UWLFOH  VKDOO EH GHILQHG DV D OLFHQVHSHUPLWIUDQFKLVHRUFRQFHVVLRQQRWJUDQWHGDVDPDWWHURIULJKW   7KHWHUP³SHUVRQ´DVXVHGLQWKLV$UWLFOHVKDOOEHGHILQHGDVDQ\QDWXUDOSHUVRQ GRLQJ EXVLQHVV DORQH RU DVVRFLDWHG ZLWK DQRWKHU SHUVRQ RU HQWLW\DVDSDUWQHUGLUHFWRU RIILFHUSULQFLSDORUHPSOR\HH

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  7KHWHUP³HQWLW\´DVXVHGLQWKLV$UWLFOHVKDOOEHGHILQHGDVDQ\ILUPSDUWQHUVKLS FRUSRUDWLRQ DVVRFLDWLRQ MRLQW YHQWXUH RU SHUVRQ WKDW UHFHLYHV PRQLHV EHQHILWV OLFHQVHV OHDVHVRUSHUPLWVIURPRUWKURXJKWKH&LW\RURWKHUZLVHWUDQVDFWVEXVLQHVVZLWKWKH&LW\   7KH WHUP ³PHPEHU´ DV XVHG LQ WKLV $UWLFOH  VKDOO EH GHILQHG DV DQ\ SHUVRQ DVVRFLDWHG ZLWK DQRWKHU SHUVRQ RU HQWLW\ DV D SDUWQHU GLUHFWRU RIILFHU SULQFLSDO RU HPSOR\HH   ,QDGGLWLRQWRDQGQRWZLWKVWDQGLQJDQ\RWKHUSURYLVLRQRIWKLV &RQWUDFWWKH&RPPLVVLRQHU PD\LQKLVKHUVROHGLVFUHWLRQWHUPLQDWHWKLV&RQWUDFWXSRQQRWOHVVWKDQWKUHH  'D\V¶ZULWWHQQRWLFHLQ WKHHYHQWWKH&RQWUDFWRUIDLOVWRSURPSWO\UHSRUWLQZULWLQJWRWKH&RPPLVVLRQHURIWKH'HSDUWPHQWRI ,QYHVWLJDWLRQV ³'2,´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¶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¶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¶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¶V H[HUFLVH RI WKH ULJKW WR WHUPLQDWH WKH &RQWUDFW SXUVXDQWWRWKLV$UWLFOHVKDOOQRWLPSDLURU RWKHUZLVHHIIHFWWKH&LW\¶VULJKWWRDVVHUWDQ\ FODLPVLWPD\KDYHDJDLQVWWKH&RQWUDFWRULQDSOHQDU\DFWLRQ   :KHUHWKH:RUNFRYHUHGE\WKH&RQWUDFWKDVEHHQVXEVWDQWLDOO\FRPSOHWHGDVGHWHUPLQHGLQ ZULWLQJ E\ WKH &RPPLVVLRQHU WHUPLQDWLRQ RI WKH :RUN VKDOO EH KDQGOHG DV DQ RPLVVLRQ RI :RUN SXUVXDQW WR $UWLFOHV  DQG  LQ ZKLFK FDVH D FKDQJH RUGHU ZLOO EH LVVXHG WR UHIOHFW DQ DSSURSULDWH UHGXFWLRQLQWKH&RQWUDFWVXPRULIWKHDPRXQWLVGHWHUPLQHGDIWHUILQDOSD\PHQWVXFKDPRXQWVKDOOEH SDLGE\WKH&RQWUDFWRU   $57,&/(&+2,&(2)/$:&216(1772-85,6',&7,21$1'9(18(   7KLV&RQWUDFW VKDOOEHGHHPHGWREHH[HFXWHGLQWKH&LW\UHJDUGOHVVRIWKHGRPLFLOHRIWKH &RQWUDFWRUDQGVKDOOEHJRYHUQHGE\DQGFRQVWUXHGLQDFFRUGDQFHZLWKWKH/DZVRIWKH6WDWHRI1HZ

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK  ,IWKH&LW\LQLWLDWHVDQ\DFWLRQDJDLQVWWKH&RQWUDFWRULQ)HGHUDOFRXUWRULQD1HZ

 E 7RUHPRYHWR)HGHUDO&RXUWDQG

 F  7RPRYHIRUDFKDQJHRIYHQXHWRD1HZ

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK $57,&/(/2&$//<%$6('(17(535,6(352*5$0   7KLV &RQWUDFW LV VXEMHFWWRWKHUHTXLUHPHQWVRI6HFWLRQRIWKH$GPLQLVWUDWLYH&RGH DQG UHJXODWLRQV SURPXOJDWHG WKHUHXQGHU 1R FRQVWUXFWLRQ FRQWUDFW VKDOO EH DZDUGHG XQOHVV DQG XQWLO WKHVHUHTXLUHPHQWVKDYHEHHQFRPSOLHGZLWKLQWKHLUHQWLUHW\KRZHYHUFRPSOLDQFHZLWKWKLV$UWLFOHLV QRW UHTXLUHG LI WKH $JHQF\ VHWV 6XEFRQWUDFWRU 3DUWLFLSDWLRQ *RDOV IRU 0LQRULW\ DQG :RPHQ2ZQHG %XVLQHVV(QWHUSULVHV 0:%(V    8QOHVV VSHFLILFDOO\ ZDLYHG E\ WKH &RPPLVVLRQHU ZLWK WKH DSSURYDO RI WKH 'LYLVLRQ RI (FRQRPLFDQG)LQDQFLDO2SSRUWXQLW\RIWKH&LW\'HSDUWPHQWRI%XVLQHVV6HUYLFHVLIDQ\SRUWLRQRIWKH &RQWUDFW LVVXEFRQWUDFWHGQRWOHVVWKDQWHQ  SHUFHQWRIWKHWRWDOGROODUDPRXQW RIWKH&RQWUDFW VKDOOEHDZDUGHGWRORFDOO\EDVHGHQWHUSULVHV /%(V H[FHSWWKDWZKHUHOHVVWKDQWHQ  SHUFHQWRI WKHWRWDOGROODUDPRXQWRIWKH&RQWUDFWLVVXEFRQWUDFWHGVXFKOHVVHUSHUFHQWDJHVKDOOEHVRDZDUGHG   7KH&RQWUDFWRUVKDOOQRWUHTXLUHSHUIRUPDQFHDQGSD\PHQWERQGVIURP/%(6XEFRQWUDFWRUV   ,IWKH&RQWUDFWRUKDVLQGLFDWHGSULRUWRDZDUGWKDWQR:RUNZLOOEHVXEFRQWUDFWHGQR:RUN VKDOOEHVXEFRQWUDFWHGZLWKRXWWKHSULRUDSSURYDORIWKH&RPPLVVLRQHUZKLFKVKDOOEHJUDQWHGRQO\LI WKH &RQWUDFWRU PDNHV D JRRG IDLWK HIIRUW EHJLQQLQJ DW OHDVW VL[   ZHHNV EHIRUH WKH :RUN LV WR EH SHUIRUPHGWRREWDLQ/%(6XEFRQWUDFWRUVWRSHUIRUPWKH:RUN   ,I WKH &RQWUDFWRU KDV QRW LGHQWLILHG VXIILFLHQW /%(6XEFRQWUDFWRUVSULRUWRDZDUGLW VKDOO VLJQ D OHWWHU RI FRPSOLDQFH VWDWLQJ WKDW LW FRPSOLHV ZLWK 6HFWLRQ  RI WKH $GPLQLVWUDWLYH &RGH UHFRJQL]HV WKDW DFKLHYLQJ WKH /%( UHTXLUHPHQW LV D FRQGLWLRQ RI LWV &RQWUDFW DQG VKDOO VXEPLW GRFXPHQWDWLRQ GHPRQVWUDWLQJ LWV JRRG IDLWK HIIRUWV WR REWDLQ /%(V $IWHU DZDUG WKH &RQWUDFWRU VKDOO EHJLQWRVROLFLW/%(¶VWRSHUIRUPVXEFRQWUDFWHG:RUNDWOHDVWVL[  ZHHNVEHIRUHWKHGDWHVXFK:RUN LVWREHSHUIRUPHGDQGVKDOOGHPRQVWUDWHWKDWDJRRGIDLWKHIIRUWKDVEHHQPDGHWRREWDLQ/%(VRQHDFK VXEFRQWUDFWXQWLOLWPHHWVWKHUHTXLUHGSHUFHQWDJH   )DLOXUH RI WKH &RQWUDFWRU WR FRPSO\ ZLWK WKH UHTXLUHPHQWV RI 6HFWLRQ  RI WKH $GPLQLVWUDWLYH&RGHDQGWKHUHJXODWLRQVSURPXOJDWHGWKHUHXQGHUVKDOOFRQVWLWXWHDPDWHULDOEUHDFKRIWKLV &RQWUDFW5HPHG\IRUVXFKEUHDFKPD\LQFOXGHWKHLPSRVLWLRQRIDQ\RUDOORIWKHIROORZLQJVDQFWLRQV   5HGXFLQJWKH&RQWUDFWRU¶VFRPSHQVDWLRQE\DQDPRXQWHTXDOWRWKHGROODUYDOXHRI WKHSHUFHQWDJHRIWKH/%(VXEFRQWUDFWLQJUHTXLUHPHQWQRWFRPSOLHGZLWK   'HFODULQJWKH&RQWUDFWRULQGHIDXOW   ,IWKH&RQWUDFWRULVDQ/%(GHFHUWLI\LQJDQGGHFODULQJWKH&RQWUDFWRULQHOLJLEOH WRSDUWLFLSDWHLQWKH/%(SURJUDPIRUDSHULRGRIXSWRWKUHH  \HDUV   $57,&/( $17,75867   7KH&RQWUDFWRU KHUHE\DVVLJQVVHOOVDQGWUDQVIHUVWRWKH&LW\ DOOULJKWWLWOHDQGLQWHUHVWLQ DQG WR DQ\ FODLPV DQG FDXVHV RI DFWLRQ DULVLQJ XQGHU WKH DQWLWUXVW /DZV RI1HZ

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³0DF%ULGH3ULQFLSOHV´VKDOOPHDQWKRVHSULQFLSOHVUHODWLQJWRQRQGLVFULPLQDWLRQLQ HPSOR\PHQWDQGIUHHGRPRIZRUNSODFHRSSRUWXQLW\ZKLFKUHTXLUHHPSOR\HUVGRLQJ EXVLQHVVLQ1RUWKHUQ,UHODQGWR

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¶V&RQWUDFW,QWKHFDVHRIDFRQVWUXFWLRQ&RQWUDFWWKH$JHQF\VKDOODOVRKDYHWKHULJKWWR KROGWKH&RQWUDFWRULQSDUWLDORUWRWDOGHIDXOWLQDFFRUGDQFHZLWKWKHGHIDXOWSURYLVLRQVRIWKLV&RQWUDFW DQGRU PD\ VHHN GHEDUPHQW RU VXVSHQVLRQ RI WKH &RQWUDFWRU 7KH ULJKWV DQG UHPHGLHV RI WKH $JHQF\ KHUHXQGHUVKDOOEHLQDGGLWLRQWRDQGQRWLQOLHXRIDQ\ULJKWVDQGUHPHGLHVWKH$JHQF\KDVSXUVXDQWWR WKLV&RQWUDFWRUE\RSHUDWLRQRI/DZ

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK $57,&/((/(&7521,&),/,1*1<&'(9(/230(17+8%   7KH &RQWUDFWRU VKDOO HOHFWURQLFDOO\ ILOH DOO DOWHUDWLRQ W\SH DQG DOWHUDWLRQ W\SH DSSOLFDWLRQV YLD WKH1HZ

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK 

&,7<2)1(:<25.  67$1'$5'&216758&7,21&2175$&7 0DUFK

OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

LABOR LAW ARTICLE 8 - NYC PUBLIC WORKS

Workers, Laborers and Mechanics employed on a public work project must receive not less than the prevailing rate of wage and benefits for the classification of work performed by each upon such public work. Pursuant to Labor Law Article 8 the Comptroller of the City of New York has promulgated this schedule solely for Workers, Laborers and Mechanics engaged by private contractors on New York City public work projects. Prevailing rates are required to be annexed to and form part of the public work contract pursuant to § 220 (3).

This schedule is a compilation of separate determinations of the prevailing rate of wage and supplements made by the Comptroller for each trade classification listed herein pursuant to New York State Labor Law section § 220 (5). The source of the wage and supplement rates, whether a collective bargaining agreement, survey data or other, is listed at the end of each classification.

Agency Chief Contracting Officers should contact the Bureau of Labor Law’s Classification Unit with any questions concerning trade classifications, prevailing rates or prevailing practices with respect to procurement on New York City public work contracts. Contractors are advised to review the Comptroller’s Prevailing Wage Schedule before bidding on public work contracts. Contractors with questions concerning trade classifications, prevailing rates or prevailing practices with respect to public work contracts in the procurement stage must contact the contracting agency responsible for the procurement.

Any error as to compensation under the prevailing wage law or other information as to trade classification, made by the contracting agency in the contract documents or in any other communication, will not preclude a finding against the contractor of prevailing wage violation.

Any questions concerning trade classifications, prevailing rates or prevailing practices on New York City public work contracts that have already been awarded may be directed to the Bureau of Labor Law’s Classification Unit by calling (212) 669-4443. All callers must have the agency name and contract registration number available when calling with questions on public work contracts. Please direct all other compliance issues to: Bureau of Labor Law, Attn: Wasyl Kinach, P.E., Office of the Comptroller, 1 Centre Street, Room 651, New York, N.Y. 10007; Fax (212) 669-4002.

The appropriate schedule of prevailing wages and benefits must be posted at all public work sites pursuant to Labor Law § 220 (3-a) (a).

This schedule is applicable to work performed during the effective period, unless otherwise noted. Changes to this schedule are published on our web site comptroller.nyc.gov/wages. Contractors must pay the wages and supplements in effect when the worker, laborer, mechanic performs the work. Preliminary schedules for future one-year periods appear in the City Record on or about June 1 each succeeding year. Final schedules appear on or about July 1 in the City Record and on our web site comptroller.nyc.gov/wages.

The Comptroller’s Office has attempted to include all overtime, shift and night differential, Holiday, Saturday, Sunday or other premium time work. However, this schedule does not set forth every prevailing practice with respect to such rates with which employers must comply. All such practices are nevertheless part of the employer’s prevailing wage obligation and contained in the collective bargaining agreements of the prevailing wage unions. These collective bargaining agreements are available for inspection by appointment. Requests for appointments may be made by calling (212) 669- 4443, Monday through Friday between the hours of 9 a.m. and 5 p.m.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 1 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Prevailing rates and ratios for apprentices are published in the Construction Apprentice Prevailing Wage Schedule. Pursuant to Labor Law § 220 (3-e), only apprentices who are individually registered in a bona fide program to which the employer contractor is a participant, registered with the New York State Department of Labor, may be paid at the apprentice rates. Apprentices who are not so registered must be paid as journey persons.

New York City public work projects awarded pursuant to a Project Labor Agreement (“PLA”) in accordance with Labor Law section 222 may have different labor standards for shift, premium and overtime work. Please refer to the PLA’s pre-negotiated labor agreements for wage and benefit rates applicable to work performed outside of the regular workday. More information is available at the Mayor’s Office of Contract Services (MOCS) web page at:

https://www1.nyc.gov/site/mocs/legal-forms/project-labor-agreements.page

All the provisions of Labor Law Article 8 remain applicable to PLA work including, but not limited to, the enforcement of prevailing wage requirements by the Comptroller in accordance with the trade classifications in this schedule; however, we will enforce shift, premium, overtime and other non- standard rates as they appear in a project’s pre-negotiated labor agreement.

In order to meet their obligation to provide prevailing supplemental benefits to each covered employee, employers must either:

1) Provide bona fide fringe benefits which cost the employer no less than the prevailing supplemental benefits rate; or 2) Supplement the employee’s hourly wage by an amount no less than the prevailing supplemental benefits rate; or 3) Provide a combination of bona fide fringe benefits and wage supplements which cost the employer no less than the prevailing supplemental benefits rate in total.

Although prevailing wage laws do not require employers to provide bona fide fringe benefits (as opposed to wage supplements) to their employees, other laws may. For example, the Employee Retirement Income Security Act, 29 U.S.C. § 1001 et seq., the Patient Protection and Affordable Care Act, 42 U.S.C. § 18001 et seq., and the New York City Paid Sick Leave Law, N.Y.C. Admin. Code § 20-911 et seq., require certain employers to provide certain benefits to their employees. Labor agreements to which employers are a party may also require certain benefits. The Comptroller’s Office does not enforce these laws or agreements.

Employers must provide prevailing supplemental benefits at the straight time rate for each hour worked unless otherwise noted in the classification.

Paid Holidays, Vacation and Sick Leave when listed must be paid or provided in addition to the prevailing hourly supplemental benefit rate.

For more information, please refer to the Comptroller’s Prevailing Wage Law Regulations in Title 44 of the Rules of the City of New York, Chapter 2, available at comptroller.nyc.gov/wages.

Wasyl Kinach, P.E. Director of Classifications Bureau of Labor Law

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 2 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE TABLE OF CONTENTS

CLASSIFICATION PAGE

ASBESTOS HANDLER ...... 6

BLASTER ...... 6

BOILERMAKER ...... 7

BRICKLAYER ...... 8

CARPENTER - BUILDING COMMERCIAL ...... 9

CARPENTER - HEAVY CONSTRUCTION WORK ...... 10

CARPENTER - HIGH RISE CONCRETE FORMS ...... 11

CARPENTER - SIDEWALK SHED, SCAFFOLD AND HOIST ...... 12

CARPENTER - WOOD WATER STORAGE TANK ...... 12

CEMENT & CONCRETE WORKER ...... 13

CEMENT MASON ...... 14

CORE DRILLER ...... 15

DERRICKPERSON AND RIGGER ...... 17

DIVER ...... 17

DOCKBUILDER - PILE DRIVER ...... 18

DRIVER: TRUCK (TEAMSTER) ...... 19

ELECTRICIAN ...... 21

ELECTRICIAN - ALARM TECHNICIAN ...... 24

ELECTRICIAN-STREET LIGHTING WORKER ...... 25

ELEVATOR CONSTRUCTOR ...... 26

ELEVATOR REPAIR & MAINTENANCE ...... 27

ENGINEER ...... 28

ENGINEER - CITY SURVEYOR AND CONSULTANT ...... 33

ENGINEER - FIELD (BUILDING CONSTRUCTION) ...... 34

ENGINEER - FIELD (HEAVY CONSTRUCTION) ...... 35

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 3 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

ENGINEER - FIELD (STEEL ERECTION) ...... 36

ENGINEER - OPERATING ...... 37

FLOOR COVERER ...... 44

GLAZIER ...... 45

GLAZIER - REPAIR & MAINTENANCE ...... 46

HAZARDOUS MATERIAL HANDLER ...... 47

HEAT AND FROST INSULATOR ...... 48

HOUSE WRECKER ...... 49

IRON WORKER - ORNAMENTAL ...... 49

IRON WORKER - STRUCTURAL ...... 50

LABORER ...... 51

LANDSCAPING ...... 52

MARBLE MECHANIC ...... 54

MASON TENDER ...... 55

MASON TENDER (INTERIOR DEMOLITION WORKER) ...... 56

METALLIC LATHER ...... 57

MILLWRIGHT ...... 57

MOSAIC MECHANIC ...... 58

PAINTER ...... 59

PAINTER - LINE STRIPING (ROADWAY) ...... 60

PAINTER - METAL POLISHER ...... 61

PAINTER - SIGN ...... 62

PAINTER - STRUCTURAL STEEL ...... 63

PAPERHANGER ...... 64

PAVER AND ROADBUILDER ...... 65

PLASTERER ...... 67

PLASTERER - TENDER ...... 67

PLUMBER ...... 68

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 4 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

PLUMBER (MECHNICAL EQUIPMENT AND SERVICE) ...... 69

PLUMBER (RESIDENTIAL RATES FOR 1, 2 AND 3 FAMILY HOME CONSTRUCTION) ...... 70

PLUMBER: PUMP & TANK ...... 71

POINTER, WATERPROOFER, CAULKER, SANDBLASTER, STEAMBLASTER ...... 72

ROOFER ...... 72

SHEET METAL WORKER ...... 73

SHEET METAL WORKER - SPECIALTY ...... 74

SHIPYARD WORKER ...... 75

SIGN ERECTOR ...... 77

STEAMFITTER ...... 77

STEAMFITTER - REFRIGERATION AND AIR CONDITIONER ...... 79

STONE MASON - SETTER ...... 81

TAPER ...... 82

TELECOMMUNICATION WORKER ...... 83

TILE FINISHER ...... 84

TILE LAYER - SETTER ...... 85

TIMBERPERSON ...... 85

TUNNEL WORKER ...... 86

UTILITY LOCATOR ...... 88

WELDER ...... 90

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 5 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

ASBESTOS HANDLER SEE HAZARDOUS MATERIAL HANDLER

BLASTER

Blaster

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $55.86 Supplemental Benefit Rate per Hour: $44.48

Blaster- Hydraulic Trac Drill

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $50.00 Supplemental Benefit Rate per Hour: $44.48

Blaster - Wagon: Air Trac: Quarry Bar: Drillrunners

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $49.17 Supplemental Benefit Rate per Hour: $44.48

Blaster - Journeyperson

(Laborer, Chipper/Jackhammer including Walk Behind Self Propelled Hydraulic Asphalt and Concrete Breakers and Hydro (Water) Demolition, Powder Carrier, Hydraulic Chuck Tender, Chuck Tender and Nipper)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $42.65 Supplemental Benefit Rate per Hour: $44.48

Blaster - Magazine Keepers: (Watch Person)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $21.33 Supplemental Benefit Rate per Hour: $44.48

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 6 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Memorial Day Independence Day Labor Day Columbus Day Thanksgiving Day Christmas Day

Paid Holidays Labor Day Thanksgiving Day

Shift Rates When two shifts are employed, single time rate shall be paid for each shift. When three shifts are found necessary, each shift shall work seven and one half hours (7 ½), but shall be paid for eight (8) hours of labor, and be permitted one half hour for lunch.

(Local #731)

BOILERMAKER

Boilermaker

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $59.17 Supplemental Benefit Rate per Hour: $44.59 Supplemental Note: For time and one half overtime - $66.44 For double overtime - $88.28

Overtime Description For Repair and Maintenance work: Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. For New Construction work: Double time the regular rate after an 8 hour day. Double time the regular time rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 7 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Columbus Day Election Day Veteran's Day Thanksgiving Day Christmas Day

Quadruple time the regular rate for work on the following holiday(s). Labor Day

Paid Holidays Good Friday Day after Thanksgiving Day before Christmas Day before New Year's Day

Shift Rates When shifts are required, the first shift shall work eight (8) hours at the regular straight-time hourly rate. The second shift shall work seven and one-half (7 ½) hours and receive eight hours at the regular straight time hourly rate plus twenty-five cents ($0.25) per hour. The third shift shall work seven (7) hours and receive eight hours at the regular straight time hourly rate plus fifty cents ($0.50) per hour. A thirty (30) minute lunch period shall not be considered as time worked. Work in excess of the above shall be paid overtime at the appropriate new construction work or repair work overtime wage and supplemental benefit hourly rate.

(Local #5)

BRICKLAYER

Bricklayer

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $56.32 Supplemental Benefit Rate per Hour: $33.11

Overtime Time and one half the regular rate after a 7 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 8 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates Overtime rates to be paid outside the regular scheduled work day.

(Bricklayer District Council)

CARPENTER - BUILDING COMMERCIAL

Building Commercial

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $52.50 Supplemental Benefit Rate per Hour: $46.38

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Washington's Birthday Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

Shift Rates The employer may work two (2) shifts with the first shift at the straight time wage rate starting at the established time between 7 a.m. and 9 a.m. The second shift will receive one hour at the double time rate of pay for the last hour of the shift; eight (8) hours pay for seven (7) hours of work, nine (9) hours pay for eight (8) hours of work.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 9 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

When it is not possible to conduct alteration work during regular working hours in a building occupied by tenants, the rule for the second shift will apply.

(Carpenters District Council)

CARPENTER - HEAVY CONSTRUCTION WORK (Construction of Engineering Structures and Building Foundations)

Heavy Construction Work

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $54.68 Supplemental Benefit Rate per Hour: $51.73

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates Off shift work commencing between 5:00 P.M. and 11:00 P.M. shall work eight and one half hours allowing for one half hour for lunch. The wage rate shall be 113% of the straight time hourly wage rate.

(Carpenters District Council)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 10 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

CARPENTER - HIGH RISE CONCRETE FORMS (Excludes Engineering Structures and Building Foundations)

Carpenter High Rise A

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $50.78 Supplemental Benefit Rate per Hour: $43.44

Carpenter High Rise B

Carpenter High Rise B worker is excluded from high risk operations such as erection decking, perimeter debris netting, leading edge work, self-climbing form systems, and the installation of cocoon systems unless directly supervised by a Carpenter High Rise A worker.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $40.19 Supplemental Benefit Rate per Hour: $16.75

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day President's Day Good Friday Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates The second shift wage rate shall be 113% of the straight time hourly wage rate. There must be a first shift in order to work a second shift.

(Carpenters District Council)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 11 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

CARPENTER - SIDEWALK SHED, SCAFFOLD AND HOIST

Carpenter - Hod Hoist

(Assisted by Mason Tender)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $50.50 Supplemental Benefit Rate per Hour: $39.56

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

Shift Rates The second shift will receive one hour at the double time rate of pay for the last hour of the shift; eight hours pay for seven hours of work, nine hours pay for eight hours of work. There must be a first shift in order to work a second shift.

(Carpenters District Council)

CARPENTER - WOOD WATER STORAGE TANK

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 12 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE Tank Mechanic

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $34.14 Supplemental Benefit Rate per Hour: $19.00

Tank Helper

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $27.30 Supplemental Benefit Rate per Hour: $19.00

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Time and one half the regular rate for work on a holiday plus the day's pay.

Paid Holidays New Year's Day President's Day Good Friday Memorial Day Independence Day Labor Day Columbus Day Thanksgiving Day Day after Thanksgiving 1/2 day on Christmas Eve if work is performed in the A.M. 1/2 day on New Year's Eve if work is performed in the A.M.

Vacation Employed for one (1) year...... one (1) week vacation (40 hours) Employed for three (3) years...... two (2) weeks vacation (80 hours) Employed for more than twenty (20) years...... three (3) weeks vacation (120 hours)

SICK LEAVE: Two (2) sick days after being employed for twenty (20) years.

(Carpenters District Council)

CEMENT & CONCRETE WORKER

Cement & Concrete Worker

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $43.53

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 13 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Supplemental Benefit Rate per Hour: $28.95 Supplemental Note: $32.45 on Saturdays; $35.95 on Sundays & Holidays

Cement & Concrete Worker - (Hired after 2/6/2016)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $33.05 Supplemental Benefit Rate per Hour: $20.95 Supplemental Note: $22.45 on Saturdays; $23.95 on Sundays & Holidays

Overtime Description Time and one half the regular rate after 7 hour day (time and one half the regular rate after an 8 hour day when working with Dockbuilders on pile cap forms and for work below street level to the top of the foundation wall, not to exceed 2 feet or 3 feet above the sidewalk-brick shelf, when working on the foundation and structure.)

Overtime Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Good Friday Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Christmas Day

Paid Holidays 1/2 day before Christmas Day 1/2 day before New Year's Day

Shift Rates On shift work extending over a twenty-four hour period, all shifts are paid at straight time.

(Cement Concrete Workers District Council)

CEMENT MASON

Cement Mason

Effective Period: 7/1/2019 - 6/30/2020

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 14 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Wage Rate per Hour: $44.97 Supplemental Benefit Rate per Hour: $40.56 Supplemental Note: Supplemental benefit time and one half rate: $71.19; Double time rate: double the base supplemental benefit rate.

Overtime Description Time and one-half the regular rate after an 8 hour day, double time the regular rate after 10 hours. Time and one- half the regular rate on Saturday, double time the regular rate after 10 hours. Double time the regular rate on Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Good Friday Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Christmas Day

Paid Holidays Any worker who reports to work on Christmas Eve or New Year's Eve pursuant to his employer's instruction shall be entitled to three (3) hours afternoon pay without working.

Shift Rates For an off shift day, (work at times other than the regular 7:00 A.M. to 3:30 P.M. work day) a cement mason shall be paid at the regular hourly rate plus a 25% per hour differential. Four Days a week at Ten (10)hour day.

(Local #780) (BCA)

CORE DRILLER

Core Driller

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $40.44 Supplemental Benefit Rate per Hour: $26.70

Core Driller Helper

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $32.12 Supplemental Benefit Rate per Hour: $26.70

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 15 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Core Driller Helper(Third year in the industry)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $28.91 Supplemental Benefit Rate per Hour: $26.70

Core Driller Helper (Second year in the industry)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $25.70 Supplemental Benefit Rate per Hour: $26.70

Core Driller Helper (First year in the industry)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $22.48 Supplemental Benefit Rate per Hour: $26.70

Overtime Description Time and one half the regular rate for work on a holiday plus Holiday pay when worked.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Time and one half the regular rate for work on the following holiday(s).

Paid Holidays New Year's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Shift Rates The shift day shall be the continuous eight and one-half (8½) hours from 6:00 A.M. to 2:30 P.M. and from 2:30 P.M. to 11:00 P.M., including one-half (½) hour of employees regular rate of pay for lunch. When two (2) or more shifts are employed, single time shall be paid for each shift, but those employees employed on a shift other than from 8:00 A.M. to 5:00 P.M. shall, in addition, receive seventy-five cents ($0.75) per hour differential for each hour worked. When three (3) shifts are needed, each shift shall work seven and one-half (7 ½) hours paid for eight (8) hours of labor and be permitted one-half (½) hour for mealtime.

(Carpenters District Council)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 16 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE DERRICKPERSON AND RIGGER

Derrick Person & Rigger

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $50.91 Supplemental Benefit Rate per Hour: $54.11 Supplemental Note: The above supplemental rate applies for work performed in , Bronx, Brooklyn and Queens. $55.53 - For work performed in Staten Island.

Derrick Person & Rigger - Site Work

Assists the Stone Mason-Setter in the setting of stone and paving stone.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $42.59 Supplemental Benefit Rate per Hour: $42.37

Overtime Description The first two hours of overtime on weekdays and the first seven hours of work on Saturdays are paid at time and one half for wages and supplemental benefits. All additional overtimes is paid at double time for wages and supplemental benefits. Deduct $1.42 from the Staten Island hourly benefits rate before computing overtime.

Overtime Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Washington's Birthday Good Friday Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays 1/2 day on Christmas Eve if work is performed in the A.M.

(Local #197)

DIVER

Diver (Marine)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 17 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $69.22 Supplemental Benefit Rate per Hour: $51.73

Diver Tender (Marine)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $49.14 Supplemental Benefit Rate per Hour: $51.73

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates When three shifts are utilized each shift shall work seven and one half-hours (7 1/2 hours) and paid for 8 hours, allowing for one half hour for lunch.

(Carpenters District Council)

DOCKBUILDER - PILE DRIVER

Dockbuilder - Pile Driver

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $54.63 Supplemental Benefit Rate per Hour: $51.73

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 18 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates Off shift work commencing between 5:00 P.M. and 11:00 P.M. shall work eight and one half hours allowing for one half hour for lunch. The wage rate shall be 113% of the straight time hourly wage rate.

(Carpenters District Council)

DRIVER: TRUCK (TEAMSTER)

Driver - Dump Truck

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $41.18 Supplemental Benefit Rate per Hour: $49.65 Supplemental Note: Over 40 hours worked: at time and one half rate - $22.08; at double time rate - $29.44

Driver - Tractor Trailer

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $43.84 Supplemental Benefit Rate per Hour: $49.03 Supplemental Note: Over 40 hours worked: at time and one half rate - $19.80; at double time rate - $26.40

Driver - Euclid & Turnapull Operator

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 19 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $44.40 Supplemental Benefit Rate per Hour: $49.03 Supplemental Note: Over 40 hours worked: at time and one half rate - $19.80; at double time rate - $26.40

Overtime Description For Paid Holidays: Holiday pay for all holidays shall be prorated based two hours per day for each day worked in the holiday week, not to exceed 8 hours of holiday pay. For Thanksgiving week, the prorated share shall be 5 1/3 hours of holiday pay for each day worked in Thanksgiving week.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Shift Rates Off single shift work commencing between 6:00 P.M. and 5:00 A.M. shall work eight and one half (8 1/2) hours allowing for one half hour for lunch and be paid 117.3% of the straight time hourly wage rate.

Driver Redi-Mix (Sand & Gravel)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $39.00

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 20 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Supplemental Benefit Rate per Hour: $45.52 Supplemental Note: Over 40 hours worked: time and one half rate $16.78; double time rate $22.37

Overtime Description For Paid Holidays: Employees working two (2) days in the calendar week in which the holiday falls are to paid for these holidays, provided they shape each remaining workday during that calendar week.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). President's Day Columbus Day Veteran's Day

Triple time the regular rate for work on the following holiday(s). New Year's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Election Day Thanksgiving Day Christmas Day

(Local #282)

ELECTRICIAN (Including installation of low voltage cabling carrying data, video and/or voice on building construction/alteration/renovation projects.)

Electrician "A" (Regular Day / Day Shift)

Effective Period: 7/1/2019 - 6/30/2020

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 21 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Wage Rate per Hour: $56.00 Supplemental Benefit Rate per Hour: $56.54

Electrician "A" (Regular Day Overtime after 7 hrs / Day Shift Overtime after 8 hrs)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $84.00 Supplemental Benefit Rate per Hour: $60.07

Electrician "A" (Swing Shift)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $65.71 Supplemental Benefit Rate per Hour: $64.36

Electrician "A" (Swing Shift Overtime After 7.5 hours)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $98.57 Supplemental Benefit Rate per Hour: $68.51

Electrician "A" (Graveyard Shift)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $73.60 Supplemental Benefit Rate per Hour: $70.94

Electrician "A" (Graveyard Shift Overtime After 7 hours)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $110.40 Supplemental Benefit Rate per Hour: $75.59

Overtime Time and one half the regular rate after a 7 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday.

Overtime Holidays Time and one half the regular rate for work on a holiday. New Year's Day Martin Luther King Jr. Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 22 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Christmas Day

Paid Holidays None

Shift Rates When so elected by the Employer, one or more shifts of at least five days duration may be scheduled as follows: Day Shift: 8:00 am to 4:30 pm, Swing Shift 4:30 pm to 12:30 am, Graveyard Shift: 12:30 am to 8:00 am.

For multiple shifts of temporary light and/or power, the temporary light and/or power employee shall be paid for 8 hours at the straight time rate. For three or less workers performing 8 hours temporary light and/or power the supplemental benefit rate is $24.92.

Electrician "M" (First 8 hours)

"M" rated work shall be defined as jobbing: electrical work of limited duration and scope, also consisting of repairs and/or replacement of electrical and tele-data equipment. Includes all work necessary to retrofit, service, maintain and repair all kinds of lighting fixtures and local lighting controls and washing and cleaning of foregoing fixtures.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $29.00 Supplemental Benefit Rate per Hour: $23.43 First and Second Year "M" Wage Rate Per Hour: $24.50 First and Second Year "M" Supplemental Rate: $21.07

Electrician "M" (Overtime After First 8 hours)

"M" rated work shall be defined as jobbing: electrical work of limited duration and scope, also consisting of repairs and/or replacement of electrical and tele-data equipment. Includes all work necessary to retrofit, service, maintain and repair all kinds of lighting fixtures and local lighting controls and washing and cleaning of foregoing fixtures.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $43.50 Supplemental Benefit Rate per Hour: $25.26 First and Second Year "M" Wage Rate Per Hour: $36.75 First and Second Year "M" Supplemental Rate: $22.62

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day Martin Luther King Jr. Day

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 23 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

(Local #3)

ELECTRICIAN - ALARM TECHNICIAN (Scope of Work - Inspect, test, repair, and replace defective, malfunctioning, or broken devices, components and controls of Fire, Burglar and Security Systems)

Alarm Technician

Effective Period: 7/1/2019 - 3/9/2020 Wage Rate per Hour: $33.40 Supplemental Benefit Rate per Hour: $17.68 Supplemental Note: $16.06 only after 8 hours worked in a day

Effective Period: 3/10/2020 - 6/30/2020 Wage Rate per Hour: $33.90 Supplemental Benefit Rate per Hour: $18.43 Supplemental Note: $16.80 only after 8 hours worked in a day

Overtime Description Time and one half the regular rate for work on the following holidays: Columbus Day, Veterans Day, Day after Thanksgiving. Double time the regular rate for work on the following holidays: New Year's day, Martin Luther King Jr. Day, President's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Paid Holidays New Year's Day

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 24 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Martin Luther King Jr. Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Shift Rates Night Differential is based upon a ten percent (10%) differential between the hours of 4:00 P.M. and 12:30 A.M. and a fifteen percent (15%) differential for the hours 12:00 A.M. to 8:00 A.M.

Vacation At least 1 year of employment...... ten (10) days 5 years or more of employment...... fifteen (15) days 10 years of employment...... twenty (20) days Plus one Personal Day per year

Sick Days: One day per Year. Up to 4 vacation days may be used as sick days.

(Local #3)

ELECTRICIAN-STREET LIGHTING WORKER

Electrician - Electro Pole Electrician

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $56.00 Supplemental Benefit Rate per Hour: $58.44

Electrician - Electro Pole Foundation Installer

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $42.66 Supplemental Benefit Rate per Hour: $43.52

Electrician - Electro Pole Maintainer

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $36.61 Supplemental Benefit Rate per Hour: $39.16

Overtime Description

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 25 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Electrician - Electro Pole Electrician: Time and one half the regular rate after a 7 hour day and after 5 consecutive days worked per week. Electrician - Electro Pole Foundation Installer: Time and one half the regular rate after 8 hours within a 24 hour period and Saturday and Sunday. Electrician - Electro Pole Maintainer: Time and one half the regular rate after a 7 hour day and after 5 consecutive days worked per week. Saturdays and Sundays may be used as a make-up day at straight time when a day is lost during the week to inclement weather.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day Martin Luther King Jr. Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

(Local #3)

ELEVATOR CONSTRUCTOR

Elevator Constructor

Effective Period: 7/1/2019 - 3/16/2020 Wage Rate per Hour: $66.95 Supplemental Benefit Rate per Hour: $36.65

Effective Period: 3/17/2020 - 6/30/2020 Wage Rate per Hour: $69.56 Supplemental Benefit Rate per Hour: $37.47

Overtime Description For New Construction: work performed after 7 or 8 hour day, Saturday, Sunday or between 4:30pm and 7:00am shall be paid at double time rate.

Existing buildings: work performed after an 8 hour day, Saturday, Sunday or between 5:30pm and 7:00 am shall be paid time and one half.

Overtime

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 26 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Double time the regular rate for work on the following holiday(s).

Paid Holidays New Year's Day President's Day Good Friday Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Vacation Employer contributes 8% of regular basic hourly rate as vacation pay for employees with more than 15 years of service, and 6% for employees with 5 to 15 years of service, and 4% for employees with less than 5 years of service.

(Local #1)

ELEVATOR REPAIR & MAINTENANCE

Elevator Service/Modernization Mechanic

Effective Period: 7/1/2019 - 3/16/2020 Wage Rate per Hour: $52.44 Supplemental Benefit Rate per Hour: $36.55

Effective Period: 3/17/2020 - 6/30/2020 Wage Rate per Hour: $54.56 Supplemental Benefit Rate per Hour: $37.37

Overtime Description For Scheduled Service Work: Double time - work scheduled in advance by two or more workers performed on Sundays, Holidays, and between midnight and 7:00am.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday. Time and one half the regular rate for work on a holiday plus the day's pay.

Paid Holidays New Year's Day President's Day

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 27 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Good Friday Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Shift Rates Afternoon shift - regularly hourly rate plus a (15%) fifteen percent differential. Graveyard shift - time and one half the regular rate.

Vacation Employer contributes 8% of regular basic hourly rate as vacation pay for employees with more than 15 years of service, and 6% for employees with 5 to 15 years of service, and 4% for employees with less than 5 years of service.

(Local #1)

ENGINEER

Engineer - Heavy Construction Operating Engineer I

Cherrypickers 20 tons and over and Loaders (rubber tired and/or tractor type with a manufacturer's minimum rated capacity of six cubic yards and over).

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $70.71 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime Shift Wage Rate: $113.14

Engineer - Heavy Construction Operating Engineer II

Backhoes, Basin Machines, Groover, Mechanical Sweepers, Bobcat, Boom Truck, Barrier Transport (Barrier Mover) & machines of similar nature. Operation of Churn Drills and machines of a similar nature, Stetco Silent Hoist and machines of similar nature, Vac-Alls, Meyers Machines, John Beam and machines of a similar nature, Ross Carriers and Travel Lifts and machines of a similar nature, Bulldozers, Scrapers and Turn-a-Pulls: Tugger Hoists (Used exclusively for handling excavated material); Tractors with attachments, Hyster and Roustabout Cranes, Cherrypickers. Austin Western, Grove and machines of a similar nature, Scoopmobiles, Monorails, Conveyors, Trenchers: Loaders-Rubber Tired and Tractor: Barber Greene and Eimco Loaders and Eimco Backhoes; Mighty Midget and similar breakers and Tampers, Curb and Gutter Pavers and Motor Patrol, Motor Graders and all machines of a similar nature. Locomotives 10 Tons or under. Mini-Max, Break-Tech and machines of a similar nature; Milling machines, robotic and demolition machines and machines of a similar nature, shot blaster, skid steer machines and machines of a similar nature including bobcat, pile rig rubber-tired excavator (37,000 lbs. and under), 2 man auger.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 28 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $68.58 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime Shift Wage Rate: $109.73

Engineer - Heavy Construction Operating Engineer III

Minor Equipment such as Tractors, Post Hole Diggers, Ditch Witch (Walk Behind), Road Finishing Machines, Rollers five tons and under, Tugger Hoists, Dual Purpose Trucks, Fork Lifts, and Dempsey Dumpers, Fireperson.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $65.00 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime Shift Wage Rate: $104.00

Engineer - Heavy Construction Maintenance Engineer I

Installing, Repairing, Maintaining, Dismantling and Manning of all equipment including Steel Cutting, Bending and Heat Sealing Machines, Mechanical Heaters, Grout Pumps, Bentonite Pumps & Plants, Screening Machines, Fusion Coupling Machines, Tunnel Boring Machines Moles and Machines of a similar nature, Power Packs, Mechanical Hydraulic Jacks; all drill rigs including but not limited to Churn, Rotary Caisson, Raised Bore & Drills of a similar nature; Personnel, Inspection & Safety Boats or any boats used to perform functions of same, Mine Hoists, Whirlies, all Climbing Cranes, all Tower Cranes, including but not limited to Truck Mounted and Crawler Type and machines of similar nature; Maintaining Hydraulic Drills and machines of a similar nature; Well Point System-Installation and dismantling; Burning, Welding, all Pumps regardless of size and/or motor power, except River Cofferdam Pumps and Wells Point Pumps; Motorized Buggies (three or more); equipment used in the cleaning and televising of sewers, but not limited to jet-rodder/vacuum truck, vacall/vactor, closed circuit television inspection equipment; high powered water pumps, jet pumps; screed machines and concrete finishing machines of a similar nature; vermeers.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $68.25 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime Shift Wage Rate: $109.20

Engineer - Heavy Construction Maintenance Engineer II

On Base Mounted Tower Cranes

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $90.00 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime Shift Wage Rate: $144.00

Engineer - Heavy Construction Maintenance Engineer III

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 29 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

On Generators, Light Towers

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $44.64 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime Shift Wage Rate: $71.42

Engineer - Heavy Construction Maintenance Engineer IV

On Pumps and Mixers including mud sucking

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $45.83 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime Shift Wage Rate: $73.33

Engineer - Steel Erection Maintenance Engineers

Derrick, Travelers, Tower, Crawler Tower and Climbing Cranes

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $65.31 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime Shift Wage Rate: $104.50

Engineer - Steel Erection Oiler I

On a Truck Crane

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $61.05 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime Shift Wage Rate: $97.68

Engineer - Steel Erection Oiler II

On a Crawler Crane

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $46.18 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime Shift Wage Rate: $73.89

Overtime Description

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 30 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

On jobs of more than one shift, if the next shift employee fails to report for work through any cause over which the employer has no control, the employee on duty who works the next shift continues to work at the single time rate.

Overtime Double time the regular rate after an 8 hour day. Double time the regular time rate for Saturday. Double time the regular rate for Sunday. Double time the regular rate for work on the following holiday(s).

Paid Holidays New Year's Day Lincoln's Birthday President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day Employees must work at least one day in the payroll week in which the holiday occurs to receive the paid holiday

Engineer - Building Work Maintenance Engineers I

Installing, repairing, maintaining, dismantling (of all equipment including: Steel Cutting and Bending Machines, Mechanical Heaters, Mine Hoists, Climbing Cranes, Tower Cranes, Linden Peine, Lorain, Liebherr, Mannes, or machines of a similar nature, Well Point Systems, Deep Well Pumps, Concrete Mixers with loading Device, Concrete Plants, Motor Generators when used for temporary power and lights), skid steer machines of a similar nature including bobcat.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $62.45 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime

Engineer - Building Work Maintenance Engineers II

On Pumps, Generators, Mixers and Heaters

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $48.26 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime

Engineer - Building Work Oilers I

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 31 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

All gasoline, electric, diesel or air operated Gradealls: Concrete Pumps, Overhead Cranes in Power Houses: Their duties shall be to assist the Engineer in oiling, greasing and repairing of all machines; Driving Truck Cranes: Driving and Operating Fuel and Grease Trucks, Cherrypickers (hydraulic cranes) over 70,000 GVW, and machines of a similar nature.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $59.33 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime

Engineer - Building Work Oilers II

Oilers on Crawler Cranes, Backhoes, Trenching Machines, Gunite Machines, Compressors (three or more in Battery).

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $43.78 Supplemental Benefit Rate per Hour: $39.74 Supplemental Note: $72.08 on overtime

Overtime Description On jobs of more than one shift, if an Employee fails to report for work through any cause over which the Employer has no control, the Employee on duty will continue to work at the rate of single time.

Overtime Double time the regular rate after an 8 hour day. Double time the regular time rate for Saturday. Double time the regular rate for Sunday. Double time the regular rate for work on the following holiday(s).

Paid Holidays New Year's Day Lincoln's Birthday President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Christmas Day Employees must work at least one day in the payroll week in which the holiday occurs to receive the paid holiday

Shift Rates Off Shift: double time the regular hourly rate.

(Local #15)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 32 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

ENGINEER - CITY SURVEYOR AND CONSULTANT

Party Chief

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $40.41 Supplemental Benefit Rate per Hour: $22.75 Supplemental Note: Overtime Benefit Rate - $27.25 per hour (time & one half) $31.75 per hour (double time). Instrument Person

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $33.13 Supplemental Benefit Rate per Hour: $22.75 Supplemental Note: Overtime Benefit Rate - $27.25 per hour (time & one half) $31.75 per hour (double time). Rodperson

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $28.54 Supplemental Benefit Rate per Hour: $22.75 Supplemental Note: Overtime Benefit Rate - $27.25 per hour (time & one half) $31.75 per hour (double time).

Overtime Description Time and one half the regular rate after an 8 hour day, Time and one half the regular rate for Saturday for the first eight hours worked, Double time the regular time rate for Saturday for work performed in excess of eight hours, Double time the regular rate for Sunday and Double time the regular rate for work on a holiday.

Paid Holidays New Year's Day Lincoln's Birthday President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day Employees must work at least one day in the payroll week in which the holiday occurs to receive the paid holiday

(Operating Engineer Local #15-D)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 33 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE ENGINEER - FIELD (BUILDING CONSTRUCTION) (Construction of Building Projects, Concrete Superstructures, etc.)

Field Engineer - BC Party Chief

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $65.44 Supplemental Benefit Rate per Hour: $35.12 Supplemental Note: Overtime Benefit Rate - $49.33 per hour (time & one half) $63.54 per hour (double time).

Field Engineer - BC Instrument Person

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $50.83 Supplemental Benefit Rate per Hour: $35.12 Supplemental Note: Overtime Benefit Rate - $49.33 per hour (time & one half) $63.54 per hour (double time).

Field Engineer - BC Rodperson

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $32.84 Supplemental Benefit Rate per Hour: $35.12 Supplemental Note: Overtime Benefit Rate - $49.33 per hour (time & one half) $63.54 per hour (double time).

Overtime Description Time and one half the regular rate after a 7 hour work and time and one half the regular rate for Saturday for the first seven hours worked, Double time the regular time rate for Saturday for work performed in excess of seven hours, Double time the regular rate for Sunday and Double time the regular rate for work on a holiday.

Paid Holidays New Year's Day President's Day Good Friday Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Christmas Day Employees must work at least one day in the payroll week in which the holiday occurs to receive the paid holiday

(Operating Engineer Local #15-D)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 34 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE ENGINEER - FIELD (HEAVY CONSTRUCTION) (Construction of Roads, Tunnels, Bridges, Sewers, Building Foundations, Engineering Structures etc.)

Field Engineer - HC Party Chief

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $74.18 Supplemental Benefit Rate per Hour: $36.51 Supplemental Note: Overtime benefit rate - $51.29 per hour (time & one half), $66.07 per hour (double time).

Field Engineer - HC Instrument Person

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $54.47 Supplemental Benefit Rate per Hour: $36.51 Supplemental Note: Overtime benefit rate - $51.29 per hour (time & one half), $66.07 per hour (double time).

Field Engineer - HC Rodperson

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $45.70 Supplemental Benefit Rate per Hour: $36.51 Supplemental Note: Overtime benefit rate - $51.29 per hour (time & one half), $66.07 per hour (double time).

Overtime Description Time and one half the regular rate after an 8 hour day, Time and one half the regular rate for Saturday for the first eight hours worked, Double time the regular time rate for Saturday for work performed in excess of eight hours, Double time the regular rate for Sunday and Double time the regular rate for work on a holiday.

Paid Holidays New Year's Day Lincoln's Birthday President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Christmas Day Employees must work at least one day in the payroll week in which the holiday occurs to receive the paid holiday

(Operating Engineer Local #15-D)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 35 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

ENGINEER - FIELD (STEEL ERECTION)

Field Engineer - Steel Erection Party Chief

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $69.15 Supplemental Benefit Rate per Hour: $36.01 Supplemental Note: Overtime benefit rate - $50.54 per hour (time & one half), $65.07 per hour (double time).

Field Engineer - Steel Erection Instrument Person

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $53.88 Supplemental Benefit Rate per Hour: $36.01 Supplemental Note: Overtime benefit rate - $50.54 per hour (time & one half), $65.07 per hour (double time).

Field Engineer - Steel Erection Rodperson

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $36.04 Supplemental Benefit Rate per Hour: $36.01 Supplemental Note: Overtime benefit rate - $50.54 per hour (time & one half), $65.07 per hour (double time).

Overtime Description Time and one half the regular rate for Saturday for the first eight hours worked. Double time the regular rate for Saturday for work performed in excess of eight hours.

Overtime Time and one half the regular rate after an 8 hour day. Double time the regular rate for Sunday. Double time the regular rate for work on the following holiday(s).

Paid Holidays New Year's Day Lincoln's Birthday President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Christmas Day Employees must work at least one day in the payroll week in which the holiday occurs to receive the paid holiday

(Operating Engineer Local #15-D)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 36 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

ENGINEER - OPERATING

Operating Engineer - Road & Heavy Construction I

Back Filling Machines, Cranes, Mucking Machines and Dual Drum Paver.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $81.17 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $129.87

Operating Engineer - Road & Heavy Construction II

Backhoes, Power Shovels, Hydraulic Clam Shells, Steel Erection, Moles and machines of a similar nature.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $84.01 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $134.42

Operating Engineer - Road & Heavy Construction III

Mine Hoists, Cranes, etc. (Used as Mine Hoists)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $86.69 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $138.70

Operating Engineer - Road & Heavy Construction IV

Gradealls, Keystones, Cranes on land or water (with digging buckets), Bridge Cranes, Vermeer Cutter and machines of a similar nature, Trenching Machines.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $84.62 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $135.39

Operating Engineer - Road & Heavy Construction V

Pile Drivers & Rigs (employing Dock Builder foreperson): Derrick Boats, Tunnel Shovels.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 37 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $82.96 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $132.74

Operating Engineer - Road & Heavy Construction VI

Mixers (Concrete with loading attachment), Concrete Pavers, Cableways, Land Derricks, Power Houses (Low Air Pressure Units).

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $78.85 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $126.16

Operating Engineer - Road & Heavy Construction VII

Barrier Movers , Barrier Transport and Machines of a Similar Nature.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $63.81 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $102.10

Operating Engineer - Road & Heavy Construction VIII

Utility Compressors

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $49.67 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $62.44

Operating Engineer - Road & Heavy Construction IX

Horizontal Boring Rig

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $75.02 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $120.03

Operating Engineer - Road & Heavy Construction X

Elevators (manually operated as personnel hoist).

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 38 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $69.01 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $110.42

Operating Engineer - Road & Heavy Construction XI

Compressors (Portable 3 or more in battery), Driving of Truck Mounted Compressors, Well-point Pumps, Tugger Machines Well Point Pumps, Churn Drill.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $53.74 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $85.98

Operating Engineer - Road & Heavy Construction XII

All Drills and Machines of a similar nature.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $79.68 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $127.49

Operating Engineer - Road & Heavy Construction XIII

Concrete Pumps, Concrete Plant, Stone Crushers, Double Drum Hoist, Power Houses (other than above).

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $77.19 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $123.50

Operating Engineer - Road & Heavy Construction XIV

Concrete Mixer

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $73.82 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $118.11

Operating Engineer - Road & Heavy Construction XV

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 39 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Compressors (Portable Single or two in Battery, not over 100 feet apart), Pumps (River Cofferdam) and Welding Machines, Push Button Machines, All Engines Irrespective of Power (Power-Pac) used to drive auxiliary equipment, Air, Hydraulic, etc.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $49.99 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $79.98

Operating Engineer - Road & Heavy Construction XVI

Concrete Breaking Machines, Hoists (Single Drum), Load Masters, Locomotives (over ten tons) and Dinkies over ten tons, Hydraulic Crane-Second Engineer.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $70.53 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $112.85

Operating Engineer - Road & Heavy Construction XVII

On-Site concrete plant engineer, On-site Asphalt Plant Engineer, and Vibratory console.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $71.06 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $113.70

Operating Engineer - Road & Heavy Construction XVIII

Tower Crane

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $101.71 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $162.74

Operating Engineer - Paving I

Asphalt Spreaders, Autogrades (C.M.I.), Roto/Mil

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $78.85 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 40 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Shift Wage Rate: $126.16

Operating Engineer - Paving II

Asphalt Roller

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $76.83 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $122.93

Operating Engineer - Paving III

Asphalt Plants

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $65.08 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $104.13

Operating Engineer - Concrete I

Cranes

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $84.25 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours

Operating Engineer - Concrete II

Compressors

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $50.37 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours

Operating Engineer - Concrete III

Micro-traps (Negative Air Machines), Vac-All Remediation System.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $67.45 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 41 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE Operating Engineer - Steel Erection I

Three Drum Derricks

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $87.14 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $139.42

Operating Engineer - Steel Erection II

Cranes, 2 Drum Derricks, Hydraulic Cranes, Fork Lifts and Boom Trucks.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $83.75 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $134.00

Operating Engineer - Steel Erection III

Compressors, Welding Machines.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $49.95 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95overtime hours Shift Wage Rate: $79.92

Operating Engineer - Steel Erection IV

Compressors - Not Combined with Welding Machine.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $47.58 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours Shift Wage Rate: $76.13

Operating Engineer - Building Work I

Forklifts, Plaster (Platform machine), Plaster Bucket, Concrete Pump and all other equipment used for hoisting material.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $69.51 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 42 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE Operating Engineer - Building Work II

Compressors, Welding Machines (Cutting Concrete-Tank Work), Paint Spraying, Sandblasting, Pumps (with the exclusion of Concrete Pumps), All Engines irrespective of Power (Power-Pac) used to drive Auxiliary Equipment, Air, Hydraulic, Jacking System, etc.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $52.21 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours

Operating Engineer - Building Work III

Double Drum

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $79.02 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours

Operating Engineer - Building Work IV

Stone Derrick, Cranes, Hydraulic Cranes Boom Trucks.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $83.68 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours

Operating Engineer - Building Work V

Dismantling and Erection of Cranes, Relief Engineer.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $77.15 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours

Operating Engineer - Building Work VI

4 Pole Hoist, Single Drum Hoists.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $76.35 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours

Operating Engineer - Building Work VII

Rack & Pinion and House Cars

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 43 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $60.84 Supplemental Benefit Rate per Hour: $32.95 Supplemental Note: $59.95 overtime hours For New House Car projects Wage Rate per Hour $48.70

Overtime Description On jobs of more than one shift, if an Employee fails to report for work through any cause over which the Employer has no control, the Employee on duty will continue to work at the rate of single time.

For House Cars and Rack & Pinion only: Overtime paid at time and one-half for all hours in excess of eight hours in a day, Saturday, Sunday and Holidays worked.

Overtime Double time the regular rate after an 8 hour day. Double time the regular time rate for Saturday. Double time the regular rate for Sunday. Double time the regular rate for work on the following holiday(s).

Paid Holidays New Year's Day Lincoln's Birthday President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day Employees must work at least one day in the payroll week in which the holiday occurs to receive the paid holiday

Shift Rates For Steel Erection Only: Shifts may be worked at the single time rate at other than the regular working hours (8:00 A.M. to 4:30 P.M.) on the following work ONLY: Heavy construction jobs on work below the street level, over railroad tracks and on building jobs.

(Operating Engineer Local #14)

FLOOR COVERER (Interior vinyl composition tile, sheath vinyl linoleum and wood parquet tile including site preparation and synthetic turf not including site preparation)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 44 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE Floor Coverer

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $50.50 Supplemental Benefit Rate per Hour: $45.98

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays 1/2 day on Christmas Eve if work is performed in the A.M. 1/2 day on New Year's Eve if work is performed in the A.M.

Shift Rates Two shifts may be utilized with the first shift working 8 a.m. to the end of the shift at straight time rate of pay. The wage rate for the second shift consisting of 7 hours shall be paid at 114.29% of straight time wage rate. The wage rate for the second shift consisting of 8 hours shall be paid 112.5% of the straight time wage rate. There must be a first shift to work the second shift.

(Carpenters District Council)

GLAZIER (New Construction, Remodeling, and Alteration)

Glazier

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $46.05 Supplemental Benefit Rate per Hour: $43.39 Supplemental Note: Supplemental Benefit Overtime Rate: $65.10

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 45 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

Shift Rates Shifts shall be any 8 consecutive hours after the normal working day for which the Glazier shall receive 9 hours pay for 8 hours worked.

(Local #1281)

GLAZIER - REPAIR & MAINTENANCE (For the Installation of Glass - All repair and maintenance work on a particular building, whenever performed, where the total cumulative contract value is under $141,750)

Craft Jurisdiction for repair, maintenance and fabrication

Plate glass replacement, Residential glass replacement, Residential mirrors and shower doors, Storm windows and storm doors, Residential replacement windows, Herculite door repairs, Door closer repairs, Retrofit apartment house (non-commercial buildings), Glass tinting.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $25.64 Supplemental Benefit Rate per Hour: $22.29

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Sunday. Time and one half the regular rate for work on the following holiday(s).

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 46 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Time and one half the regular hourly rate after 40 hours in any work week.

Paid Holidays New Year's Day President's Day Memorial Day Independence Day Labor Day Thanksgiving Day Day after Thanksgiving Christmas Day Employees must work at least one day in the payroll week in which the holiday occurs to receive the paid holiday

(Local #1281)

HAZARDOUS MATERIAL HANDLER (Removal, abatement, encapsulation or decontamination of asbestos, lead, mold, or other toxic or hazardous waste/materials)

Handler

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $36.50 Supplemental Benefit Rate per Hour: $16.45

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Sunday. Time and one half the regular hourly rate after 40 hours in any work week.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day Good Friday Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day Easter

Paid Holidays None

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 47 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

(Local #78 and Local #12A)

HEAT AND FROST INSULATOR

Heat & Frost Insulator

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $61.46 Supplemental Benefit Rate per Hour: $40.46

Overtime Description Double time shall be paid for supplemental benefits during overtime work. 8th hour paid at time and one half.

Overtime Double time the regular rate after an 8 hour day. Double time the regular time rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Martin Luther King Jr. Day President's Day Memorial Day Independence Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Triple time the regular rate for work on the following holiday(s). Labor Day

Paid Holidays None

Shift Rates The first shift shall work seven hours at the regular straight time rate. The second and third shift shall work seven hours the regular straight time hourly rate plus a fourteen percent wage and benefit premium.

(Local #12) (BCA)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 48 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

HOUSE WRECKER (TOTAL DEMOLITION)

House Wrecker - Tier A

On all work sites the first, second, eleventh and every third House Wrecker thereafter will be Tier A House Wreckers (i.e. 1st, 2nd, 11th, 14th etc). Other House Wreckers may be Tier B House Wreckers.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $37.18 Supplemental Benefit Rate per Hour: $29.77

House Wrecker - Tier B

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $26.41 Supplemental Benefit Rate per Hour: $22.18

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays None

(Mason Tenders District Council)

IRON WORKER - ORNAMENTAL

Iron Worker - Ornamental

Effective Period: 7/1/2019 - 6/30/2020

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 49 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Wage Rate per Hour: $45.15 Supplemental Benefit Rate per Hour: $55.62 Supplemental Note: Supplemental benefits are to be paid at the applicable overtime rate when overtime is in effect.

Overtime Description Time and one half the regular rate after a 7 hour day for a maximum of two hours on any regular work day (the 8th and 9th hour) and double time shall be paid for all work on a regular work day thereafter, time and one half the regular rate for Saturday for the first seven hours of work and double time shall be paid for all work on a Saturday thereafter.

Overtime Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates For off shift work - 8 hours pay for 7 hours of work. When two or three shifts are employed on a job, Monday through Friday, the workday for each shift shall be seven hours and paid for ten and one-half hours at the single time rate. When two or three shifts are worked on Saturday, Sunday or holidays, each shift shall be seven hours and paid fifteen and three-quarters hours.

(Local #580)

IRON WORKER - STRUCTURAL

Iron Worker - Structural

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $51.05 Supplemental Benefit Rate per Hour: $76.89 Supplemental Note: Supplemental benefits are to be paid at the applicable overtime rate when overtime is in effect.

Overtime Description

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 50 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Monday through Friday- the first eight hours are paid at straight time, the 9th and 10th hours are paid at time and one-half the regular rate, all additional weekday overtime is paid at double the regular rate. Saturdays- the first eight hours are paid at time and one-half the regular rate, double time thereafter. Sunday-all shifts are paid at double time.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays 1/2 day on Christmas Eve if work is performed in the A.M. 1/2 day on New Year's Eve if work is performed in the A.M.

Shift Rates Monday through Friday - First Shift: First eight hours are paid at straight time, the 9th & 10th hours are paid at time and a half, double time paid thereafter. Second and third Shifts: First eight hours are paid at time and one- half, double time thereafter. Saturdays: All shifts, first eight hours paid at time and one-half, double time thereafter: Sunday all shifts are paid at double time.

(Local #40 & #361)

LABORER (Foundation, Concrete, Excavating, Street Pipe Layer and Common)

Laborer

Excavation and foundation work for buildings, heavy construction, engineering work, and hazardous waste removal in connection with the above work. Landscaping tasks in connection with heavy construction work, engineering work and building projects. Projects include, but are not limited to pollution plants, sewers, parks, subways, bridges, highways, etc.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $42.65 Supplemental Benefit Rate per Hour: $44.48

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 51 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Memorial Day Independence Day Labor Day Columbus Day Thanksgiving Day Christmas Day

Paid Holidays Labor Day Thanksgiving Day

Shift Rates When two shifts are employed, single time rate shall be paid for each shift. When three shifts are found necessary, each shift shall work seven and one half hours (7 ½), but shall be paid for eight (8) hours of labor, and be permitted one half hour for lunch.

(Local #731)

LANDSCAPING (Landscaping tasks, as well as tree pruning, tree removing, spraying and maintenance in connection with the planting of street trees and the planting of trees in city parks but not when such activities are performed as part of, or in connection with, other construction or reconstruction projects.)

Landscaper (Year 6 and above)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $31.75 Supplemental Benefit Rate per Hour: $16.05

Landscaper (Year 3 - 5)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $30.72 Supplemental Benefit Rate per Hour: $16.05

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 52 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE Landscaper (up to 3 years)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $28.14 Supplemental Benefit Rate per Hour: $16.05

Groundperson

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $28.14 Supplemental Benefit Rate per Hour: $16.05

Tree Remover / Pruner

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $36.92 Supplemental Benefit Rate per Hour: $16.05

Landscaper Sprayer (Pesticide Applicator)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $26.59 Supplemental Benefit Rate per Hour: $16.05

Watering - Plant Maintainer

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $21.40 Supplemental Benefit Rate per Hour: $16.05

Overtime Description For all overtime work performed, supplemental benefits shall include an additional seventy-five ($0.75) cents per hour.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Time and one half the regular rate for work on a holiday plus the day's pay.

Paid Holidays New Year's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Shift Rates

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 53 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Work performed on a 4pm to 12am shift has a 15% differential. Work performed on a 12am to 8am shift has a 20% differential.

(Local #175)

MARBLE MECHANIC

Marble Setter

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $54.44 Supplemental Benefit Rate per Hour: $40.77

Marble Finisher

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $42.86 Supplemental Benefit Rate per Hour: $38.22

Marble Polisher

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $39.81 Supplemental Benefit Rate per Hour: $30.35

Marble Maintenance Finisher

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $24.31 Supplemental Benefit Rate per Hour: $13.34

Overtime Description Supplemental Benefit contributions are to be made at the applicable overtime rates. Time and one half the regular rate after a 7 hour day or time and one half the regular rate after an 8 hour day - chosen by Employer at the start of the project and then would last for the full duration of the project.

Overtime Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Good Friday

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 54 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

(Local #7)

MASON TENDER

Mason Tender

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $38.40 Supplemental Benefit Rate per Hour: $31.04

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates The employer may work two (2) shifts with the first shift at the straight time wage rate and the second shift receiving eight (8) hours paid for seven (7) hours work at the straight time wage rate. When it is not possible to conduct alteration work during regular working hours in a building occupied by tenants, the rule for the second shift will apply.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 55 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

(Local #79)

MASON TENDER (INTERIOR DEMOLITION WORKER)

Mason Tender Tier A

Tier A Interior Demolition Worker performs all burning, chopping, and other technically skilled tasks related to interior demolition work.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $36.44 Supplemental Benefit Rate per Hour: $24.50

Mason Tender Tier B

Tier B Interior Demolition Worker performs manual work and work incidental to demolition work, such as loading and carting of debris from the work site to an area where it can be loaded in to bins/trucks for removal. Also performs clean-up of the site when demolition is completed.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $25.63 Supplemental Benefit Rate per Hour: $18.82

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays None

(Local #79)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 56 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

METALLIC LATHER

Metallic Lather

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $46.23 Supplemental Benefit Rate per Hour: $46.67 Supplemental Note: Overtime Supplemental Benefit rate - $57.92

Overtime Description Overtime would be time and one half the regular rate after a seven (7) or eight (8) hours workday, which would be set at the start of the job.

Overtime Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Washington's Birthday Memorial Day Independence Day Labor Day Columbus Day Thanksgiving Day Christmas Day

Paid Holidays 1/2 day on Christmas Eve if work is performed in the A.M. 1/2 day on New Year's Eve if work is performed in the A.M.

Shift Rates There will be no shift differential paid on the first shift if more than one shift is employed. The shift differential will remain $12/hour on the second and third shift for the first eight (8) hours if worked. There will be no pyramiding on overtime worked on second and third shifts. The time and one half (1.5x) rate will be against the base wage rate, not the shift differential

(Local #46)

MILLWRIGHT

Millwright

Effective Period: 7/1/2019 - 6/30/2020

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 57 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Wage Rate per Hour: $54.20 Supplemental Benefit Rate per Hour: $53.81

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Good Friday Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Christmas Day

Paid Holidays 1/2 day on Christmas Eve if work is performed in the A.M. 1/2 day on New Year's Eve if work is performed in the A.M.

Shift Rates The first shift shall receive the straight time rate of pay. The second shift receives the straight time rate of pay plus fifteen (15%) per cent. Members of the second shift shall be allowed one half hour to eat, with this time being included in the hours of the workday established. There must be a first shift to work a second shift. All additional hours worked shall be paid at the time and one-half rate of pay plus fifteen (15%) per cent for weekday hours.

(Local #740)

MOSAIC MECHANIC

Mosaic Mechanic - Mosaic & Terrazzo Mechanic

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $49.91 Supplemental Benefit Rate per Hour: $43.24

Mosaic Mechanic - Mosaic & Terrazzo Finisher

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 58 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $48.31 Supplemental Benefit Rate per Hour: $43.24

Mosaic Mechanic - Machine Operator Grinder

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $48.31 Supplemental Benefit Rate per Hour: $43.24

Overtime Time and one half the regular rate after a 7 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Washington's Birthday Good Friday Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

(Local #7)

PAINTER

Painter - Brush & Roller

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $43.00 Supplemental Benefit Rate per Hour: $32.49 Supplemental Note: $ 37.75 on overtime

Spray & Scaffold / Decorative / Sandblast

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $46.00

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 59 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Supplemental Benefit Rate per Hour: $32.49 Supplemental Note: $ 37.75 on overtime

Overtime Time and one half the regular rate after a 7 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Thanksgiving Day Christmas Day

Paid Holidays None

(District Council of Painters #9)

PAINTER - LINE STRIPING (ROADWAY)

Striping - Machine Operator

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $35.00 Supplemental Benefit Rate per Hour: $12.37 Supplemental Note: Overtime Supplemental Benefit rate - $8.02; New Hire Rate (0-3 months) - $0.00

Lineperson (Thermoplastic)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $39.00 Supplemental Benefit Rate per Hour: $12.37 Supplemental Note: Overtime Supplemental Benefit rate - $8.02; New Hire Rate (0-3 months) - $0.00

Overtime Description For Paid Holidays: Employees will only receive Holiday Pay for holidays not worked if said employee worked both the weekday before and the weekday after the holiday.

Overtime Time and one half the regular rate after an 8 hour day.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 60 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday. Time and one half the regular rate for work on the following holiday(s).

Paid Holidays New Year's Day Good Friday Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Day after Thanksgiving Christmas Day

Shift Rates Four (4), ten (10) hour days may be worked at straight time during a week, Monday thru Thursday. Friday may be used as a make-up day.

Vacation Employees with one to two years service shall accrue vacation based on hours worked: 250 hours worked - 1 day vacation; 500 hours worked - 2 days vacation; 750 hours worked - 3 days vacation; 900 hours worked - 4 days vacation; 1,000 hours worked - 5 days vacation. Employees with two to five years service receive two weeks vacation. Employees with five to twenty years service receive three weeks vacation. Employees with twenty to twenty-five years service receive four weeks vacation. Employees with 25 or more years service receive five weeks vacation. Vacation must be taken during winter months.

(Local #1010)

PAINTER - METAL POLISHER

METAL POLISHER

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $30.58 Supplemental Benefit Rate per Hour: $7.16

METAL POLISHER - NEW CONSTRUCTION

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $31.53 Supplemental Benefit Rate per Hour: $7.16

METAL POLISHER - SCAFFOLD OVER 34 FEET

Effective Period: 7/1/2019 - 6/30/2020

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 61 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Wage Rate per Hour: $34.08 Supplemental Benefit Rate per Hour: $7.16

Overtime Description All work performed on Saturdays shall be paid at time-in-a half. The exception being; for suspended scaffold work and work deemed as a construction project; an eight (8) hour shift lost during the week due to circumstances beyond the control of the employer, up to a maximum of eight (8) hours per week, may be worked on Saturday at the straight time rate.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather. Triple time the regular rate for work on the following holiday(s).

Paid Holidays New Year's Day Martin Luther King Jr. Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Shift Rates Four Days a week at Ten (10) hours straight a day.

Local 8A-28A

PAINTER - SIGN

Sign Painter

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $41.98 Supplemental Benefit Rate per Hour: $20.10

Assistant Sign Painter

Effective Period: 7/1/2019 - 6/30/2020

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 62 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Wage Rate per Hour: $35.67 Supplemental Benefit Rate per Hour: $18.47

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday. Double time the regular rate for work on the following holiday(s).

Paid Holidays New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Election Day Thanksgiving Day Day after Thanksgiving Christmas Day

Vacation At least 1 year of employment...... 1 week 2 years or more of employment...... 2 weeks 8 years or more of employment...... 3 weeks

(Local #8A-28A)

PAINTER - STRUCTURAL STEEL

Painters on Structural Steel

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $49.50 Supplemental Benefit Rate per Hour: $41.83

Painter - Power Tool

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $55.50 Supplemental Benefit Rate per Hour: $41.83 Overtime Wage Rate: $6.00 above the "Painters on Structural Steel" overtime rate.

Overtime Description Supplemental Benefits shall be paid for each hour worked, up to forty (40) hours per week for the period of May 1st to November 15th or up to fifty (50) hours per week for the period of November 16th to April 30th.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 63 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE Overtime Time and one half the regular rate after a 7 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates Regular hourly rates plus a ten per cent (10%) differential

(Local #806)

PAPERHANGER

Paperhanger

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $45.40 Supplemental Benefit Rate per Hour: $34.74 Supplemental Note: Supplemental benefits are to be paid at the appropriate straight time and overtime rate.

Overtime Time and one half the regular rate after a 7 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Thanksgiving Day Day after Thanksgiving Christmas Day

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 64 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Paid Holidays None

Shift Rates Evening shift - 4:30 P.M. to 12:00 Midnight (regular rate of pay); any work performed before 7:00 A.M. shall be at time and one half the regular base rate of pay.

(District Council of Painters #9)

PAVER AND ROADBUILDER

Paver & Roadbuilder - Formsetter

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $46.85 Supplemental Benefit Rate per Hour: $44.86 Supplemental Note: For time and one half overtime - $48.74 For double overtime - $52.61

Paver & Roadbuilder - Laborer

Paving and road construction work, regardless of material used, including but not limited to preparation of job sites, removal of old surfaces, asphalt and/or concrete, by whatever method, including but not limited to milling; laying of concrete; laying of asphalt for temporary, patchwork, and utility paving (but not production paving); site preparation and incidental work for installation of rubberized materials and similar surfaces; installation and repair of temporary construction fencing; slurry/seal coating, paving stones, maintenance of safety surfaces; play equipment installation, and other related work.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $42.98 Supplemental Benefit Rate per Hour: $44.86 Supplemental Note: For time and one half overtime - $48.74 For double overtime - $52.61

Production Paver & Roadbuilder - Screed Person

(Production paving is asphalt paving when using a paving machine or on a project where a paving machine is traditionally used)

Adjustment of paving machinery on production paving jobs.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $47.45 Supplemental Benefit Rate per Hour: $44.86 Supplemental Note: For time and one half overtime - $48.74 For double overtime - $52.61

Production Paver & Roadbuilder - Raker

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 65 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $46.85 Supplemental Benefit Rate per Hour: $44.86 Supplemental Note: For time and one half overtime - $48.74 For double overtime - $52.61

Production Paver & Roadbuilder - Shoveler

General laborer (except removal of surfaces - see Paver and Roadbuilder-Laborer) including but not limited to tamper, AC paint and liquid tar work.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $42.98 Supplemental Benefit Rate per Hour: $44.86 Supplemental Note: For time and one half overtime - $48.74 For double overtime - $52.61

Overtime Description If an employee works New Year's Day or Christmas Day, they receive the single time rate plus 25%.

For Paid Holidays: Holiday pay for all holidays shall be prorated based two hours per day for each day worked in the holiday week, not to exceed 8 hours of holiday pay.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). Memorial Day Independence Day Labor Day Columbus Day Thanksgiving Day

Paid Holidays Memorial Day Independence Day Labor Day Thanksgiving Day

Shift Rates When two shifts are employed, the work period for each shift shall be a continuous eight (8) hours. When three shifts are employed, each shift will work seven and one half (7 ½) hours but will be paid for eight (8) hours since only one half (1/2) hour is allowed for meal time. When two or more shifts are employed, single time will be paid for each shift.

Night Work - On night work, the first eight (8) hours of work will be paid for at the single time rate, except that production paving work shall be paid at 10% over the single time rate for the screed person, rakers and shovelers directly involved only. This differential is to be paid when there is only one shift and the shift works at night. All other workers will be exempt. Hours worked over eight (8) hours during said shift shall be paid for at the time and one-half rate.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 66 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

(Local #1010)

PLASTERER

Plasterer

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $45.93 Supplemental Benefit Rate per Hour: $26.52

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates When it is not possible to conduct work during regular working hours (between 6:30am and 4:30pm), a shift differential shall be paid at the regular hourly rate plus a twelve per cent (12%) per hour differential. Workers on shift work shall be allowed a paid one-half hour meal break.

(Local #262)

PLASTERER - TENDER

Plasterer - Tender

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 67 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $38.40 Supplemental Benefit Rate per Hour: $31.04

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Washington's Birthday Memorial Day Independence Day Labor Day Presidential Election Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates When work commences outside regular work hours, workers receive an hour additional (differential) wage and supplement payment. Eight hours pay for seven hours work or nine hours pay for eight hours work.

(Mason Tenders District Council)

PLUMBER

Plumber

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $69.00 Supplemental Benefit Rate per Hour: $37.20 Supplemental Note: Supplemental benefit contributions are to be made at the applicable overtime rates.

Plumber - Temporary Services

Temporary Services - When there are no Plumbers on the job site, there may be three shifts designed to cover the entire twenty-four hour period, including weekends if necessary, at the following rate straight time.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 68 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $55.28 Supplemental Benefit Rate per Hour: $29.68

Overtime Description Double time the regular rate after a 7 hour day - unless for new construction site work where the plumbing contract price is $1.5 million or less, the hours of labor can be 8 hours per day at the employers option. On Alteration jobs when other mechanical trades at the site are working an eighth hour at straight time, then the plumber shall also work an eighth hour at straight time.

Overtime Double time the regular time rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Shift Rates Shift work, when directly specified in public agency or authority documents where plumbing contract is $8 million or less, will be permitted. 30% shift premium shall be paid for wages and fringe benefits for 4:00 pm and midnight shifts Monday to Friday. 50% shift premium shall be paid for wages and fringe benefits for 4:00 pm and midnight shift work performed on weekends. For shift work on holidays, double time wages and fringe benefits shall be paid.

(Plumbers Local #1)

PLUMBER (MECHNICAL EQUIPMENT AND SERVICE) (Mechanical Equipment and Service work shall include any repair and/or replacement of the present plumbing system.)

Plumber

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $43.05 Supplemental Benefit Rate per Hour: $17.71

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 69 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

(Plumbers Local # 1)

PLUMBER (RESIDENTIAL RATES FOR 1, 2 AND 3 FAMILY HOME CONSTRUCTION)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $47.89 Supplemental Benefit Rate per Hour: $26.74

Overtime Double time the regular rate after an 8 hour day. Double time the regular time rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 70 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE Paid Holidays None

Shift Rates 30% shift premium shall be paid for wages and fringe benefits for 4:00 pm and midnight shifts Monday to Friday. 50% shift premium shall be paid for wages and fringe benefits for 4:00 pm and midnight shift work performed on weekends. For shift work on holidays, double time wages and fringe benefits shall be paid.

(Plumbers Local #1)

PLUMBER: PUMP & TANK Oil Trades (Installation and Maintenance)

Plumber - Pump & Tank

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $67.45 Supplemental Benefit Rate per Hour: $25.26

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

Shift Rates All work outside the regular workday (8:00 A.M. to 3:30 P.M.) is to be paid at time and one half the regular hourly rate

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 71 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

(Plumbers Local #1)

POINTER, WATERPROOFER, CAULKER, SANDBLASTER, STEAMBLASTER (Exterior Building Renovation)

Journeyperson

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $53.42 Supplemental Benefit Rate per Hour: $26.52

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day Martin Luther King Jr. Day President's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates All work outside the regular work day (an eight hour workday between the hours of 6:00 A.M. and 4:30 P.M.) is to be paid at time and one half the regular rate.

(Bricklayer District Council)

ROOFER

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 72 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE Roofer

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $43.50 Supplemental Benefit Rate per Hour: $33.81

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates Second shift - Regular hourly rate plus a 10% differential. Third shift - Regular hourly rate plus a 15% differential.

(Local #8)

SHEET METAL WORKER

Sheet Metal Worker

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $50.15 Supplemental Benefit Rate per Hour: $50.55 Supplemental Note: Supplemental benefit contributions are to be made at the applicable overtime rates.

Sheet Metal Worker - Fan Maintenance

(The temporary operation of fans or blowers in new or existing buildings for heating and/or ventilation, and/or air conditioning prior to the completion of the project.)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $40.12 Supplemental Benefit Rate per Hour: $50.55

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 73 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Sheet Metal Worker - Duct Cleaner

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $16.08 Supplemental Benefit Rate per Hour: $11.63

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Martin Luther King Jr. Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

Shift Rates Work that can only be performed outside regular working hours (eight hours of work between 7:30 A.M. and 3:30 P.M.) - First shift (work between 3:30 P.M. and 11:30 P.M.) - 10% differential above the established hourly rate. Second shift (work between 11:30 P.M. and 7:30 A.M.) - 15% differential above the established hourly rate.

For Fan Maintenance: On all full shifts of fan maintenance work the straight time hourly rate of pay will be paid for each shift, including nights, Saturdays, Sundays, and holidays.

(Local #28

SHEET METAL WORKER - SPECIALTY (Decking & Siding)

Sheet Metal Specialty Worker

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 74 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

The first worker to perform this work must be paid at the rate of the Sheet Metal Worker. The second and third workers shall be paid the Specialty Worker Rate. The ratio of One Sheet Metal Worker, then Two Specialty Workers shall be utilized thereafter.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $46.30 Supplemental Benefit Rate per Hour: $25.95 Supplemental Note: Supplemental benefit contributions are to be made at the applicable overtime rates.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Martin Luther King Jr. Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Christmas Day

Paid Holidays None

(Local #28)

SHIPYARD WORKER

Shipyard Mechanic - First Class

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $28.50 Supplemental Benefit Rate per Hour: $3.95

Shipyard Mechanic - Second Class

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $19.07 Supplemental Benefit Rate per Hour: $3.59

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 75 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE Shipyard Laborer - First Class

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $23.40 Supplemental Benefit Rate per Hour: $3.75

Shipyard Laborer - Second Class

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $17.38 Supplemental Benefit Rate per Hour: $3.52

Shipyard Dockhand - First Class

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $21.57 Supplemental Benefit Rate per Hour: $3.68

Shipyard Dockhand - Second Class

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $17.28 Supplemental Benefit Rate per Hour: $3.52

Overtime Description Work performed on holiday is paid double time the regular hourly wage rate plus holiday pay.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Time and one half the regular hourly rate after 40 hours in any work week.

Paid Holidays New Year's Day Martin Luther King Jr. Day President's Day Good Friday Memorial Day Independence Day Labor Day Thanksgiving Day Day after Thanksgiving Christmas Day

Based on Survey Data

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 76 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

SIGN ERECTOR (Sheet Metal, Plastic, Electric, and Neon)

Sign Erector

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $49.35 Supplemental Benefit Rate per Hour: $54.63

Overtime Time and one half the regular rate after a 7 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday. Time and one half the regular rate for work on the following holiday(s).

Paid Holidays New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Election Day Thanksgiving Day Day after Thanksgiving Christmas Day

Shift Rates Time and one half the regular hourly rate is to be paid for all hours worked outside the regular workday either (7:00 A.M. through 2:30 P.M.) or (8:00 A.M. through 3:30 P.M.)

(Local #137)

STEAMFITTER

Steamfitter I

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $57.50 Supplemental Benefit Rate per Hour: $57.29 Supplemental Note: Overtime supplemental benefit rate: $113.84

Steamfitter -Temporary Services

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 77 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

The steamfitters shall not do any other work and shall not be permitted to work more than one shift in a twenty- four hour day. When steamfitters are present during the regular working day, no temporary services steamfitter will be required

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $43.70 Supplemental Benefit Rate per Hour: $46.54

Overtime Double time the regular rate after a 7 hour day. Double time the regular time rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

Shift Rates Work performed between 3:30 P.M. and 7:00 A.M. and on Saturdays, Sundays and Holidays shall be at double time the regular hourly rate and paid at the overtime supplemental benefit rate above.

Steamfitter II

For heating, ventilation, air conditioning and mechanical public work contracts with a dollar value not to exceed $30,000,000 and for fire protection/sprinkler public work contracts not to exceed $3,000,000.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $57.50 Supplemental Benefit Rate per Hour: $57.29 Supplemental Note: Overtime supplemental benefit rate: $113.84

Steamfitter -Temporary Services

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 78 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

The steamfitters shall not do any other work and shall not be permitted to work more than one shift in a twenty- four hour day. When steamfitters are present during the regular working day, no temporary services steamfitter will be required.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $43.70 Supplemental Benefit Rate per Hour: $46.54

Overtime Double time the regular rate after an 8 hour day. Double time the regular time rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

Shift Rates May be performed outside of the regular workday except Saturday, Sunday and Holidays. A shift shall consist of eight working hours. All work performed in excess of eight hours shall be paid at double time. No shift shall commence after 7:00 P.M. on Friday or 7:00 P.M. the day before holidays. All work performed after 12:01 A.M. Saturday or 12:01 A.M. the day before a Holiday will be paid at double time. When shift work is performed the wage rate for regular time worked is a 15% percent premium on wage and 15% percent premium on supplemental benefits.

On Transit Authority projects, where work is performed in the vicinity of tracks all shift work on weekends and holidays may be performed at the regular shift rates.

Local #638

STEAMFITTER - REFRIGERATION AND AIR CONDITIONER (Maintenance and Installation Service Person)

Refrigeration and Air Conditioner Mechanic

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 79 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $42.35 Supplemental Benefit Rate per Hour: $17.46

Refrigeration and Air Conditioner Service Person V

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $34.80 Supplemental Benefit Rate per Hour: $15.59

Refrigeration and Air Conditioner Service Person IV

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $28.83 Supplemental Benefit Rate per Hour: $14.05

Refrigeration and Air Conditioner Service Person III

Filter changing and maintenance thereof, oil and greasing, tower and coil cleaning, scraping and painting, general housekeeping, taking of water samples.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $24.74 Supplemental Benefit Rate per Hour: $12.91

Refrigeration and Air Conditioner Service Person II

Filter changing and maintenance thereof, oil and greasing, tower and coil cleaning, scraping and painting, general housekeeping, taking of water samples.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $20.51 Supplemental Benefit Rate per Hour: $11.83

Refrigeration and Air Conditioner Service Person I

Filter changing and maintenance thereof, oil and greasing, tower and coil cleaning, scraping and painting, general housekeeping, taking of water samples.

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $15.01 Supplemental Benefit Rate per Hour: $10.60

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 80 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day Independence Day Labor Day Veteran's Day Thanksgiving Day Christmas Day

Double time and one half the regular rate for work on the following holiday(s). Martin Luther King Jr. Day President's Day Memorial Day Columbus Day

Paid Holidays New Year's Day Martin Luther King Jr. Day President's Day Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Christmas Day

(Local #638B)

STONE MASON - SETTER

Stone Mason - Setter

(Assisted by Derrickperson and Rigger)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $54.17 Supplemental Benefit Rate per Hour: $42.65

Overtime Time and one half the regular rate after a 7 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 81 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Washington's Birthday Good Friday Memorial Day Independence Day Labor Day Thanksgiving Day Christmas Day

Paid Holidays 1/2 day on Christmas Eve if work is performed in the A.M.

Shift Rates For all work outside the regular workday (8:00 A.M. to 3:30 P.M. Monday through Friday), the pay shall be straight time plus a ten percent (10%) differential.

(Bricklayers District Council)

TAPER

Drywall Taper

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $47.82 Supplemental Benefit Rate per Hour: $26.81

Overtime Time and one half the regular rate after a 7 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day Martin Luther King Jr. Day President's Day Good Friday Memorial Day Independence Day Labor Day Columbus Day Thanksgiving Day Christmas Day

Paid Holidays Any worker who reports to work on Christmas Eve or New Year's Eve pursuant to his employer's instruction shall be entitled to three (3) hours afternoon pay without working.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 82 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

(Local #1974)

TELECOMMUNICATION WORKER (Install/maintain/repair telecommunications cables carrying data, video, and/or voice except for installation on building construction/alteration/renovation projects.)

Telecommunication Worker

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $44.75 Supplemental Benefit Rate per Hour: $23.15 Supplemental Note: The above rate applies for Manhattan, Bronx, Brooklyn, Queens. $22.84 for Staten Island only.

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Time and one half the regular rate for Sunday.

Overtime Holidays Time and one half the regular rate for work on the following holiday(s). New Year's Day Lincoln's Birthday Washington's Birthday Memorial Day Independence Day Labor Day Columbus Day Election Day Veteran's Day Thanksgiving Day Christmas Day

Paid Holidays New Year's Day Lincoln's Birthday Washington's Birthday Memorial Day Independence Day Labor Day Columbus Day Election Day Veteran's Day Thanksgiving Day Christmas Day

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 83 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Employees have the option of observing either Martin Luther King's Birthday or the day after Thanksgiving instead of Lincoln's Birthday

Shift Rates For any workday that starts before 8A.M. or ends after 6P.M. there is a 10% differential for the applicable worker's hourly rate.

Vacation After 6 months...... one week. After 12 months but less than 7 years...... two weeks. After 7 or more but less than 15 years...... three weeks. After 15 years or more but less than 25 years...... four weeks.

(C.W.A.)

TILE FINISHER

Tile Finisher

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $42.72 Supplemental Benefit Rate per Hour: $33.57

Overtime Time and one half the regular rate after a 7 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Good Friday Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Paid Holidays None

Shift Rates

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 84 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Off shift work day (work performed outside the regular 8:00 A.M. to 3:30 P.M. workday): shift differential of one and one quarter (1¼) times the regular straight time rate of pay for the seven hours of actual off-shift work.

(Local #7)

TILE LAYER - SETTER

Tile Layer - Setter

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $54.84 Supplemental Benefit Rate per Hour: $38.32

Overtime Time and one half the regular rate after a 7 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Good Friday Memorial Day Independence Day Labor Day Columbus Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Day

Shift Rates Off shift work day (work performed outside the regular 8:00 A.M. to 3:30 P.M. workday): shift differential of one and one quarter (1¼) times the regular straight time rate of pay for the seven hours of actual off-shift work.

(Local #7)

TIMBERPERSON

Timberperson

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 85 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $50.05 Supplemental Benefit Rate per Hour: $51.03

Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday. Saturday may be used as a make-up day at straight time when a day is lost during that week to inclement weather. Time and one half the regular hourly rate after 40 hours in any work week.

Overtime Holidays Double time the regular rate for work on the following holiday(s). New Year's Day President's Day Memorial Day Independence Day Labor Day Columbus Day Presidential Election Day Thanksgiving Day Christmas Day

Paid Holidays None

Shift Rates Off shift work commencing between 5:00 P.M. and 11:00 P.M. shall work eight and one half hours allowing for one half hour for lunch. The wage rate shall be 113% of the straight time hourly wage rate.

(Local #1536)

TUNNEL WORKER

Blasters, Mucking Machine Operators (Compressed Air Rates)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $65.42 Supplemental Benefit Rate per Hour: $56.42

Tunnel Workers (Compressed Air Rates)

Includes shield driven liner plate portions or solidification portions work (8 hour shift) during excavation phase.

Effective Period: 7/1/2019 - 6/30/2020

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 86 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Wage Rate per Hour: $63.21 Supplemental Benefit Rate per Hour: $54.60

Top Nipper (Compressed Air Rates)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $62.02 Supplemental Benefit Rate per Hour: $53.57

Outside Lock Tender, Outside Gauge Tender,Muck Lock Tender (Compressed Air Rates)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $60.84 Supplemental Benefit Rate per Hour: $52.63

Bottom Bell & Top Bell Signal Person: Shaft Person (Compressed Air Rates)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $60.84 Supplemental Benefit Rate per Hour: $52.63

Changehouse Attendant: Powder Watchperson (Compressed Air Rates)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $53.40 Supplemental Benefit Rate per Hour: $49.60

Blasters (Free Air Rates)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $62.41 Supplemental Benefit Rate per Hour: $54.17

Tunnel Workers (Free Air Rates)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $59.72 Supplemental Benefit Rate per Hour: $51.89

All Others (Free Air Rates)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $55.18 Supplemental Benefit Rate per Hour: $48.03

Microtunneling (Free Air Rates)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 87 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $47.78 Supplemental Benefit Rate per Hour: $41.51

Overtime Description For work performed during excavation and primary concrete tunnel lining phases - Double time the regular rate after an 8 hour day and Saturday, Sunday and on the following holiday(s) listed below. For Repair-Maintenance Work on Existing Equipment and Facilities - Time and one half the regular rate after a 7 hour day, Saturday, Sunday and double time the regular rate for work on the following holiday(s) listed below. For Small-Bore Micro Tunneling Machines - Time and one-half the regular rate shall be paid for all overtime. For work not listed above - Time and one half the regular rate after an 8 hour day and Saturday and double time the regular rate on Sunday and on the following holiday(s) listed below.

Paid Holidays New Year's Day Lincoln's Birthday President's Day Memorial Day Independence Day Labor Day Columbus Day Election Day Veteran's Day Thanksgiving Day Christmas Day

(Local #147)

UTILITY LOCATOR (Locate & mark underground utilities for street excavation.)

Utility Locator (Year 7 and above)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $31.56 Supplemental Benefit Rate per Hour: $1.93

Utility Locator (Year 5 - 6)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $22.85 Supplemental Benefit Rate per Hour: $1.93

Utility Locator (Year 4)

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 88 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $21.54 Supplemental Benefit Rate per Hour: $1.93

Utility Locator (Year 3)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $20.30 Supplemental Benefit Rate per Hour: $1.93

Utility Locator (Year 2)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $19.13 Supplemental Benefit Rate per Hour: $1.93

Utility Locator (Year 1)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $18.04 Supplemental Benefit Rate per Hour: $1.93 Utility Locator (Up to 1 year)

Effective Period: 7/1/2019 - 6/30/2020 Wage Rate per Hour: $17.00 Supplemental Benefit Rate per Hour: $1.93 Supplemental Note: No benefits for the first 90 days of employment. Overtime Time and one half the regular rate for work on the following Paid Holiday(s). Time and one half the regular hourly rate after 40 hours in any work week. Paid Holidays New Year's Day Memorial Day Independence Day Thanksgiving Day Christmas Day Shift Rates 10% shift differential to employees working any shift starting between noon and 5 AM. Vacation For up to 1 year ...... 0 hours For year 1 - 2 ...... 48 hours per year For year 3 - 9 ...... 96 hours per year For year 10 or more ...... 144 hours per year

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 89 of 90 OFFICE OF THE COMPTROLLER, CITY OF NEW YORK CONSTRUCTION WORKER PREVAILING WAGE SCHEDULE

Sick Days: For up to 1 year employee receives 40 hours paid sick leave. For year 1 employee earns 2 hours of paid sick leave for every 100 overtime hours worked. For year 2 - 9 years employee earns 4 hours of paid sick leave for every 100 overtime hours worked. For year 10 or more employee earns 6 hours of paid sick leave for every 100 overtime hours worked.

(C.W.A.)

WELDER TO BE PAID AT THE RATE OF THE JOURNEYPERSON IN THE TRADE PERFORMING THE WORK.

PUBLISH DATE: 7/1/2019 EFFECTIVE PERIOD: JULY 1, 2019 THROUGH JUNE 30, 2020 Page 90 of 90

NOTICE TO BIDDERS

Please be advised the Project Labor Agreement (PLA) attached and incorporated in this Invitation for Bids has been extended to apply to contracts let prior to July 31, 2020, including this contract. Other than extending the expiration date, all other terms of the PLA continue to apply in full force and effect.

SCHEDULE B – M/WBE Utilization Plan

Part 1: M/WBE Participation Goals M/WBE Participation Goals Contract Overview (To be completed by contracting agency) for Services Enter the percentage amount for each APT E-Pin# 07120B0010 FMS Project ID# category or for an unspecified Goal. On-Call Plumbing Services at DHS Shelters Citywide Project Title Agency PIN# 20BCCDM05401 Prime Contract Industry: Contracting Agency DHS Bid/Proposal Response Date Category and Breakdown: Agency Address 101-07 Farragut Road City Brooklyn State NY ZIP 11236 Unspecified30.00 % PROJECT MANAGER/CAPITAL DESIGN & CONSTRACTION Contact Person LEROY JAMES Title Black American % Telephone 718-688-8556 Email [email protected] Hispanic American % Project Description (attach additional pages if necessary) On-Call Plumbing Services at Various Adult and Family Shelters Citywide that Asian American % Department of Homeless Services (DHS) employees are unable to perform: Women % general plumbing construction and new plumbing installation work, plumbing repairs, and replacement of plumbing parts and services at Sites, operated by Total Participation Goals30.00 % Line 1 Bidder or proposer F is required OR F is not required to specifically identify the contact information of all M/WBE firms they intend to use as a subcontractor on this contract, including the M/WBE vendor name, address and telephone number in the space provided below in Part 2 Section 4.

Part 2: M/WBE Participation Plan Section 2: M/WBE Utilization (To be completed by the bidder/proposer unless granted a full waiver, which must Goal Calculation be submitted with the bid/proposal in lieu of this form) Prime Contractor Adopting Agency Participation Goals For Prime Contractors (including Section 1: Prime Contractor Contact Information Qualified Joint Ventures and M/WBE Tax ID# FMS Vendor ID# firms) adopting Agency M/WBE Participation Goals. Business Name Contact Person Total Bid/Proposal Value $ Business Address City State ZIP multiplied by x

Telephone Email Total Participation Goals % (Line 1 above)

Section 3: Contractor M/WBE Utilization Plan Calculated M/WBE Please review the Notice to Prospective Contractors for more information on how to obtain credit for M/WBE Participation Amount $ Line 2 participation. Check applicable box. The Proposer or Bidder will fulfill the M/WBE Participation Goals: OR

F As an M/WBE Prime Contractor that will self-perform and/or subcontract to other M/WBE firms Prime Contractor With Partial a portion of the contract the value of which is at least the amount located on Lines 2 or 3 in the Waiver Approval Adopting Revised Participation Goals panels in Section 2, as applicable. The value of any work subcontracted to non-M/WBE firms will For Prime Contractors (including not be credited towards fulfillment of M/WBE Participation Goals. Please check all that apply to Qualified Joint Ventures and M/WBE firms) adopting Revised M/WBE Prime Contractor: F MBE F WBE Participation Goals. Total Bid/Proposal Value $ F As a Qualified Joint Venture with an M/WBE partner, in which the value of the M/WBE partner’s multiplied by x participation and/or the value of any work subcontracted to other M/WBE firms is at least the amount Total Revised located on Lines 2 or 3 in the panels in Section 2, as applicable. The value of any work subcontracted Participation Goals % to non-M/WBE firms will not be credited towards fulfillment of M/WBE Participation Goals. Calculated M/WBE F As a non-M/WBE Prime Contractor that will enter into subcontracts with M/WBE firms the value of Participation Amount $ which is at least the amount located on Lines 2 or 3 in the panels in Section 2, as applicable. Line 3

1/20 Page 1 of 5 For information or assistance, please contact your contracting City Agency Tax ID# APT E-Pin#

Section 4: General Contract Information

What is the expected percentage of the total contract dollar value that you expect to award in subcontracts for services, regardless of M/WBE status? %

Enter a brief description of the type(s) and dollar value of subcontracts for all services you plan to subcontract if awarded this contract, along with the anticipated start and end dates for such subcontracts. For each item, indicate whether the work is designated for participation by an M/WBE. Where the contracting agency’s solicitation has indicated a requirement that the bidder or proposer specifically identify the contact information of all M/WBEs they intend to use on this contract, vendors must also include the M/WBE vendor name, address and telephone number in the space provided below. Use additional sheets if necessary.

Designated Start Date End Date Planned for M/WBE M/WBE M/WBE Description of Work (MM/YY) (MM/YY) $ Amount YN Vendor Name M/WBE Address Telephone 1. / / $ FF ( ) -

2. / / $ FF ( ) -

3. / / $ FF ( ) -

4. / / $ FF ( ) -

5. / / $ FF ( ) -

6. / / $ FF ( ) -

7. / / $ FF ( ) -

8. / / $ FF ( ) -

9. / / $ FF ( ) -

10. / / $ FF ( ) -

Section 5: Vendor Certification and Required Affirmations

I hereby: 1.acknowledge my understanding of the M/WBE participation requirements as set forth herein and the pertinent provisions of Section 6-129 of the Administrative Code of the City of New York (“Section 6-129”), and the rules promulgated thereunder; 2.affirm that the information supplied in support of this M/WBE Utilization Plan is true and correct; 3.agree, if awarded this Contract, to comply with the M/WBE participation requirements of this Contract, the pertinent provisions of Section 6-129, and the rules promulgated thereunder, all of which shall be deemed to be material terms of this Contract; 4.agree and affirm that it is a material term of this Contract that the Vendor will award the total dollar value of the M/WBE Participation Goals to certified MBEs and/or WBEs, unless a full waiver is obtained or such Goals are modified by the Agency; and 5.agree and affirm, if awarded this Contract, to make all reasonable, good faith efforts to meet the M/WBE Participation Goals, or If a partial waiver is obtained or such Goals are modified by the Agency, to meet the modified Participation Goals by soliciting and obtaining the participation of certified MBE and/or WBE firms.

Signature Date

Print Name Title

1/20 Page 2 of 5 For information or assistance, please contact your contracting City Agency SCHEDULE B – Part 3 Request for Waiver of M/WBE Participation Requirement Contract Overview

Tax ID# FMS Vendor ID# M/WBE Participation Goals Business Name Contact Name for Services Email Telephone Defined by AGENCY in bid/ solicitation documents Contracting Agency Percent of the total contract value to be APT E-Pin# Bid/Proposal Due Date subcontracted to M/WBE vendors for services and/or credited to an M/WBE Qualified Joint Venture. Basis for Waiver Request: Check appropriate box & explain in detail below Unspecified % (attach additional pages if needed) Black American % Hispanic American % FVendor does not subcontract services, and has the capacity and good faith intention to perform all such work Asian American % itself with its own employees. Women % FVendor subcontracts some of this type of work but at a lower % than bid/solicitation describes, and has the capacity and good faith intention to do so on this contract. Identify your subcontracting plan in the vendor Total Participation Goals % certification section below.

FVendor has other legitimate business reasons for proposing the M/WBE Participation Goal requested here. Proposed by VENDOR seeking waiver Explain under separate cover. Percent of the total contract value anticipated in good faith by the bidder/ proposer to be subcontracted to M/WBE businesses for services. Or if Vendor Contract History M/WBE Qualified Joint Venture, percent Using the attached Excel template, list all contracts (for City and Non-City work) performed within the last 3 years of total contract value anticipated and provide the requested information for each contract. to be credited to M/WBE vendor(s). From the list of all contracts, provide reference information below for the 5 most relevant contracts in size, scale Unspecified % and scope (performed for New York City or any other entity) to the bid or proposal for which you are submitting Black American % this waiver request. Provide the requested information for each subcontract awarded during the life of the listed Hispanic American % reference contract. Asian American % Please make sure to highlight the 5 reference contracts provided below among the comprehensive list of all your Women % contract awards within the attached Excel template. Total Participation Goals %

Reference 1 Agency/Organization Contract # Reference Contact Telephone Email Contract Start Date Contract End Date Total Contract Value $ Prime Contract description

Did the vendor perform as a Prime Contractor or as a Subcontractor? FPrime Contractor FSubcontractor Was the Prime Contract subject to any Goals? FCity M/WBE Goals FState Goals FFederal Goals FNo Applicable Goals Did the Prime Contractor meet Goal requirements? FYes FNo FN/A If the Prime Contractor did not meet Goal requirements or contract is still ongoing, please explain

If you performed as $ the Prime Contractor, $ please provide a $ description and value of all work $ subcontracted to $ other vendors. $ $ $ Percentage of total contract value subcontracted to other vendors % If you performed as the Subcontractor, please provide a description and value of work areas you self-performed. $

1/20 Page 3 of 5 For information or assistance, please contact your contracting City Agency Reference 2 Agency/Organization Contract # Reference Contact Telephone Email Contract Start Date Contract End Date Total Contract Value $ Prime Contract description

Did the vendor perform as a Prime Contractor or as a Subcontractor? FPrime Contractor FSubcontractor Was the Prime Contract subject to any Goals? FCity M/WBE Goals FState Goals FFederal Goals FNo Applicable Goals Did the Prime Contractor meet Goal requirements? FYes FNo FN/A If the Prime Contractor did not meet Goal requirements or contract is still ongoing, please explain

If you performed as $ the Prime Contractor, $ please provide a $ description and value of all work $ subcontracted to $ other vendors. $ $ $ $ Percentage of total contract value subcontracted to other vendors %

If you performed as the Subcontractor, please provide a description and value of work areas you self-performed. $

Reference 3 Agency/Organization Contract # Reference Contact Telephone Email Contract Start Date Contract End Date Total Contract Value $ Prime Contract description

Did the vendor perform as a Prime Contractor or as a Subcontractor? FPrime Contractor FSubcontractor Was the Prime Contract subject to any Goals? FCity M/WBE Goals FState Goals FFederal Goals FNo Applicable Goals Did the Prime Contractor meet Goal requirements? FYes FNo FN/A If the Prime Contractor did not meet Goal requirements or contract is still ongoing, please explain

If you performed as $ the Prime Contractor, $ please provide a $ description and value of all work $ subcontracted to $ other vendors. $ $ $ $ Percentage of total contract value subcontracted to other vendors %

If you performed as the Subcontractor, please provide a description and value of work areas you self-performed. $

1/20 Page 4 of 5 For information or assistance, please contact your contracting City Agency Reference 4 Agency/Organization Contract # Reference Contact Telephone Email Contract Start Date Contract End Date Total Contract Value $ Prime Contract description

Did the vendor perform as a Prime Contractor or as a Subcontractor? FPrime Contractor FSubcontractor Was the Prime Contract subject to any Goals? FCity M/WBE Goals FState Goals FFederal Goals FNo Applicable Goals Did the Prime Contractor meet Goal requirements? FYes FNo FN/A If the Prime Contractor did not meet Goal requirements or contract is still ongoing, please explain

If you performed as $ the Prime Contractor, $ please provide a $ description and value of all work $ subcontracted to $ other vendors. $ Percentage of total contract value subcontracted to other vendors % If you performed as the Subcontractor, please provide a description and value of work areas you self-performed. $

Reference 5 Agency/Organization Contract # Reference Contact Telephone Email Contract Start Date Contract End Date Total Contract Value $ Prime Contract description

Did the vendor perform as a Prime Contractor or as a Subcontractor? FPrime Contractor FSubcontractor Was the Prime Contract subject to any Goals? FCity M/WBE Goals FState Goals FFederal Goals FNo Applicable Goals Did the Prime Contractor meet Goal requirements? FYes FNo FN/A If the Prime Contractor did not meet Goal requirements or contract is still ongoing, please explain

If you performed as $ the Prime Contractor, $ please provide a $ description and value of all work $ subcontracted to $ other vendors. $ Percentage of total contract value subcontracted to other vendors % If you performed as the Subcontractor, please provide a description and value of work areas you self-performed. $

Vendor Certification Identify/list all the work areas you intend on subcontracting on the current anticipated contract for which you are submitting this waiver request.

I hereby affirm that the information supplied in support of this waiver request is true and correct, and that this request is made in good faith. I further affirm that the work that I did not list as work that will be subcontracted on this contract for which I am submitting this waiver request is work that I have performed on past contracts and will not subcontract if awarded this contract.

Signature Date

Print Name Title

Approvals (for Agency completion only) Waiver Determination F Full Waiver Approved ACCO Signature Date FWaiver Denied CCPO Signature Date F Partial Waiver Approved Revised Participation Goal _____% Page 5 of 5 $33(1',;9,,,

0:%(35,&(35()(5(1&(5,'(5 M/WBEPRICEPREFERENCERIDER 

InaccordancewiththeNewYorkCityCharter,thePPBRules,andthetermsandconditionsofthe InvitationforBids(IFB),theresponsiveandresponsiblebidderwhosebidmeetstherequirementsand objectivelymeasurableevaluationcriteriasetforthintheIFB,andwhosebidrepresentsthebestvalue totheCitybyoptimizingquality,cost,andefficiency,willbeselectedforthecontract.Inmakingsuch determination,theAgencyChiefContractingOfficer(ACCO)oranACCOͲconvenedcommitteemust considerthelowestresponsivebidandthenextlowestresponsivebidswithin10%ofthelowest responsivebidinprice,afterprovidingallCityandStateCertifiedM/WBEsapricepreferenceof10% (such that bids from all City and State Certified M/WBEs will be evaluated as if the bid price were 10% lower). $33(1',;,;

127,&(72%,''(563$<((,1)250$7,213257$/ 3,3 









































 68%&2175$&7255(3257,1*6<67(05,'(5

$VRI0DUFKWKH&LW\KDVLPSOHPHQWHGDQHZZHEEDVHGVXEFRQWUDFWRUUHSRUWLQJV\VWHP WKURXJKWKH&LW\ V3D\HH,QIRUPDWLRQ3RUWDO 3,3 DYDLODEOHDWZZZQ\FJRYSLS,QRUGHUWRXVHWKHQHZ V\VWHPD3,3DFFRXQWZLOOEHUHTXLUHG'HWDLOHGLQVWUXFWLRQVRQFUHDWLQJD3,3DFFRXQWDQGXVLQJWKH QHZV\VWHPDUHDOVRDYDLODEOHDWWKDWVLWH$GGLWLRQDODVVLVWDQFHZLWK3,3PD\EHUHFHLYHGE\HPDLOLQJ WKH)LQDQFLDO,QIRUPDWLRQ6HUYLFHV$JHQF\+HOS'HVNDWSLS#ILVDQ\FJRY

,QRUGHUWRREWDLQVXEFRQWUDFWRUDSSURYDOXQGHUVHFWLRQRI$SSHQGL[$RU$UWLFOHRIWKH 6WDQGDUG&RQVWUXFWLRQ&RQWUDFWDQG33%5XOH†&RQWUDFWRULVUHTXLUHGWROLVWWKHVXEFRQWUDFWRULQ WKHV\VWHP)RUHDFKVXEFRQWUDFWRUOLVWHG&RQWUDFWRULVUHTXLUHGWRSURYLGHWKHIROORZLQJLQIRUPDWLRQ PD[LPXPFRQWUDFWYDOXHGHVFULSWLRQRIVXEFRQWUDFWRUZRUNVWDUWDQGHQGGDWHRIWKHVXEFRQWUDFWDQG identification of the subcontractor’s industry. 7KHUHDIWHU &RQWUDFWRU ZLOO EH UHTXLUHG WR UHSRUW LQ WKH V\VWHPWKHSD\PHQWVPDGHWRHDFKVXEFRQWUDFWRUZLWKLQGD\VRIPDNLQJWKHSD\PHQW,IDQ\RIWKH UHTXLUHGLQIRUPDWLRQFKDQJHVWKURXJKRXWWKHWHUPRIWKHFRQWUDFW&RQWUDFWRUZLOOEHUHTXLUHGWRUHYLVH WKHLQIRUPDWLRQLQWKHV\VWHP

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

&RQWUDFWRUKHUHE\DJUHHVWRWKHVHSURYLVLRQV $33(1',;;

:+,67/(%/2:(53527(&7,21(;3$16,21$&7











































$33(1',;;,

,5$1',9(670(17$&7&203/,$1&(5,'(5









































 ,5$1',9(670(17$&7&203/,$1&(5,'(5)25 1(:<25.&,7<&2175$&7256 

7KH,UDQ'LYHVWPHQW$FWRIHIIHFWLYHDVRI$SULOLVFRGLILHGDW6WDWH

)LQDQFH /DZ ³6)/´  †D DQG *HQHUDO 0XQLFLSDO /DZ ³*0/´  †J  7KH ,UDQ

'LYHVWPHQW$FWZLWKFHUWDLQH[FHSWLRQVSURKLELWVPXQLFLSDOLWLHVLQFOXGLQJWKH&LW\IURP

HQWHULQJLQWRFRQWUDFWVZLWKSHUVRQVHQJDJHGLQLQYHVWPHQWDFWLYLWLHVLQWKHHQHUJ\VHFWRURI

,UDQ3XUVXDQWWRWKHWHUPVVHWIRUWKLQ6)/†DDQG*0/†JDSHUVRQHQJDJHVLQ

LQYHVWPHQWDFWLYLWLHVLQWKHHQHUJ\VHFWRURI,UDQLI

D WKHSHUVRQSURYLGHVJRRGVRUVHUYLFHVRIWZHQW\PLOOLRQGROODUV

RUPRUHLQWKHHQHUJ\VHFWRURI,UDQLQFOXGLQJDSHUVRQWKDWSURYLGHVRLORU

OLTXHILHG QDWXUDO JDV WDQNHUV RU SURGXFWV XVHG WR FRQVWUXFW RU PDLQWDLQ

SLSHOLQHVXVHGWRWUDQVSRUWRLORUOLTXHILHGQDWXUDOJDVIRUWKHHQHUJ\VHFWRU

RI,UDQRU

E 7KHSHUVRQLVDILQDQFLDOLQVWLWXWLRQWKDWH[WHQGVWZHQW\PLOOLRQ

GROODUV RU PRUH LQ FUHGLW WR DQRWKHU SHUVRQ IRU IRUW\ILYH GD\V RU PRUH LI

WKDW SHUVRQ ZLOO XVH WKH FUHGLW WR SURYLGH JRRGV RU VHUYLFHV LQWKHHQHUJ\

VHFWRULQ,UDQDQGLVLGHQWLILHGRQDOLVWFUHDWHGSXUVXDQWWRSDUDJUDSK E RI

VXEGLYLVLRQWKUHHRI6HFWLRQDRIWKH6WDWH)LQDQFH/DZDQGPDLQWDLQHG

E\WKH&RPPLVVLRQHURIWKH2IILFHRI*HQHUDO6HUYLFHV

$ELGRUSURSRVDOVKDOOQRWEHFRQVLGHUHGIRUDZDUGQRUVKDOODQ\DZDUGEHPDGH

ZKHUHWKHELGGHURUSURSRVHUIDLOVWRVXEPLWDVLJQHGDQGYHULILHGELGGHU¶VFHUWLILFDWLRQ

(DFKELGGHURUSURSRVHUPXVWFHUWLI\WKDWLWLVQRWRQWKHOLVWRIHQWLWLHVHQJDJHGLQ

LQYHVWPHQWDFWLYLWLHVLQ,UDQFUHDWHGSXUVXDQWWRSDUDJUDSK E RIVXEGLYLVLRQRI6HFWLRQ

3DJHRI  DRIWKH6WDWH)LQDQFH/DZ,QDQ\FDVHZKHUHWKHELGGHURUSURSRVHUFDQQRWFHUWLI\

WKDWWKH\DUHQRWRQVXFKOLVWWKHELGGHURUSURSRVHUVKDOOVRVWDWHDQGVKDOOIXUQLVKZLWK

WKH ELG RU SURSRVDO D VLJQHG VWDWHPHQW ZKLFK VHWV IRUWK LQ GHWDLO WKH UHDVRQV ZK\ VXFK

VWDWHPHQWFDQQRWEHPDGH7KH&LW\RI1HZ

PDNHWKHFHUWLILFDWLRQRQDFDVHE\FDVHEDVLVLI

 7KHLQYHVWPHQWDFWLYLWLHVLQ,UDQZHUHPDGHEHIRUHWKHHIIHFWLYHGDWH

RIWKLVVHFWLRQ LH$SULO WKHLQYHVWPHQWDFWLYLWLHVLQ,UDQKDYHQRWEHHQH[SDQGHG

RUUHQHZHGDIWHUWKHHIIHFWLYHGDWHRIWKLVVHFWLRQDQGWKHSHUVRQKDVDGRSWHGSXEOLFL]HG

DQGLVLPSOHPHQWLQJDIRUPDOSODQWRFHDVHWKHLQYHVWPHQWDFWLYLWLHVLQ,UDQDQGWRUHIUDLQ

IURPHQJDJLQJLQDQ\QHZLQYHVWPHQWVLQ,UDQRU

 7KH &LW\ PDNHV D GHWHUPLQDWLRQ WKDW WKH JRRGV RU VHUYLFHV DUH

QHFHVVDU\IRUWKH&LW\WRSHUIRUPLWVIXQFWLRQVDQGWKDWDEVHQWVXFKDQH[HPSWLRQWKH&LW\

ZRXOGEHXQDEOHWRREWDLQWKHJRRGVRUVHUYLFHVIRUZKLFKWKHFRQWUDFWLVRIIHUHG6XFK

GHWHUPLQDWLRQVKDOOEHPDGHLQZULWLQJDQGVKDOOEHDSXEOLFGRFXPHQW

3DJHRI  %,''(5¶6&(57,),&$7,212)&203/,$1&(:,7+ ,5$1',9(670(17$&7

3XUVXDQW WR *HQHUDO 0XQLFLSDO /DZ †J ZKLFK JHQHUDOO\ SURKLELWV WKH &LW\ IURP HQWHULQJ LQWR FRQWUDFWV ZLWK SHUVRQV HQJDJHG LQ LQYHVWPHQW DFWLYLWLHV LQ WKH HQHUJ\ VHFWRU RI ,UDQ WKH ELGGHUSURSRVHUVXEPLWVWKHIROORZLQJFHUWLILFDWLRQ

>PleaseCheck One@

%,''(5¶6&(57,),&$7,21

 %\VXEPLVVLRQRIWKLVELGRUSURSRVDOHDFKELGGHUSURSRVHUDQGHDFKSHUVRQVLJQLQJRQ EHKDOIRIDQ\ELGGHUSURSRVHUFHUWLILHVDQGLQWKHFDVHRIDMRLQWELGHDFKSDUW\WKHUHWR FHUWLILHV DV WR LWV RZQ RUJDQL]DWLRQ XQGHU SHQDOW\ RI SHUMXU\ WKDW WR WKH EHVW RI LWV NQRZOHGJH DQG EHOLHI WKDW HDFK ELGGHUSURSRVHU LV QRW RQ WKH OLVW FUHDWHG SXUVXDQW WR SDUDJUDSK E RIVXEGLYLVLRQRI6HFWLRQDRIWKH6WDWH)LQDQFH/DZ

 ,DPXQDEOHWRFHUWLI\WKDWP\QDPHDQGWKHQDPHRIWKHELGGHUSURSRVHUGRHVQRWDSSHDU RQWKHOLVWFUHDWHGSXUVXDQWWRSDUDJUDSK E RIVXEGLYLVLRQRI6HFWLRQDRIWKH6WDWH )LQDQFH/DZ,KDYHDWWDFKHGDVLJQHGVWDWHPHQWVHWWLQJIRUWKLQGHWDLOZK\,FDQQRWVR FHUWLI\

'DWHG BBBBBBBBB1HZ

 6,*1$785(



 35,17('1$0(



 7,7/( 6ZRUQWREHIRUHPHWKLV GD\RI    

 1RWDU\3XEOLF

'DWHG

3DJHRI  $33(1',;;,,

3$,'6,&./($9(/$:&2175$&75,'(5









































 3$,'6,&./($9(/$:&2175$&75,'(5   ,QWURGXFWLRQDQG*HQHUDO3URYLVLRQV  7KH(DUQHG6LFN7LPH$FWDOVRNQRZQDVWKH3DLG6LFN/HDYH/DZ ³36//´ UHTXLUHVFRYHUHG HPSOR\HHVZKRDQQXDOO\SHUIRUPPRUHWKDQKRXUVRIZRUNLQ1HZ

     ([HPSWLRQVDQG([FHSWLRQV  1RWZLWKVWDQGLQJWKHDERYHWKH36//GRHVQRWDSSO\WRDQ\RIWKHIROORZLQJ  x DQLQGHSHQGHQWFRQWUDFWRUZKRGRHVQRWPHHWWKHGHILQLWLRQRIHPSOR\HHXQGHUVHFWLRQ   RIWKH1HZ

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

    $33(1',;;,,,

+,5,1*$1'(03/2<0(175,'(5





7+(&,7<2)1(:<25. '(3$570(172)62&,$/6(59,&(6 +80$15(6285&(6$'0,1,675$7,21 '(3$570(172)+20(/(666(59,&(6

&2175$&7)25)851,6+,1*$// /$%25$1'0$7(5,$/1(&(66$5< $1'5(48,5(')25

(3,1% 3,1%&&'0

6&2321&$//3/80%,1*6(59,&(6$79$5,286$'8/7$1')$0,/<6+(/7(56&,7<:,'(

/2&$7,21&,7<:,'(

3(5,2'2)3(5)250$1&(7+5((  <($56)520'$7(2)5(*,675$7,21:,7+$21(   237,21)252)5(1(:$/)257+5((  <($56 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

 &RQWUDFWRU 'DWHG

$VVLJQHGWR BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $33529('$672)250

 $FWLQJ&RUSRUDWLRQ&RXQVHO

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

'DWHG

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB (;$0,1('$1')281'&255(&7

 &RQWUDFW&OHUN &RQWUROOHU  BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

(QWHUHGLQWKH&RQWUROOHU¶V2IILFH

'DWHG

 )LUVW$VVLVWDQW%RRNNHHSHU  BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB