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agrees to timely fund and make all of the contributions specified for it in Exhibit B as required <br />for the completion of this project. <br />Section 1.2. Commencement and Completion Date. The Grantee will commence work <br />hereunder immediately upon the execution of this Contract or as otherwise provided in Exhibits <br />A and B. All Project work covered hereby will be completed by the Completion Date indicated <br />in Exhibit A and shall be completed in compliance with the schedules, budgets, descriptions and <br />specifications contained herein and in the Exhibits hereto. It shall be the Grantee's responsibility <br />to ensure that the completion times for the tasks required for this project are met. The Grantee <br />must complete construction and implementation of this conservation project for this Contract by <br />December 31, 2010, with a final reporting date of January 31, 2012, as described under Exhibit <br />A. Time is of the essence in the performance of this Contract. Notwithstanding the Completion <br />Date of this Contract, the Grantee acknowledges the continuing reporting requirements described <br />in Exhibit A and agrees to make such reports to the Authority until the Authority agrees <br />otherwise in writing. <br />ARTICLE II <br />ALTERATIONS TO CONTRACT AND SCOPE OF WORK <br />Section 2.1. Notice of Changes. The Authority may, at its own option or upon the <br />recommendation of the Grantee, request reasonable changes or additions to the Scope of Work of <br />the Project during the progress of the work. <br />Section 2.2. Change Orders, The Grantee agrees to honor any change orders to the Scope <br />of Work issued by the Authority provided that the total amount of change orders issued for this <br />Contract shall not exceed twenty -five percent (25 %) of the total grant amount paid pursuant to <br />this Contract. In the event that Grantee desires to make any changes in the Project, the parties to <br />this Contract agree that such Project changes must be the subject of either a written amendment <br />to this Contract or a supplemental agreement approved by the Authority in accordance with its <br />procedures for approving such a contract, including any changes to the grant hereunder. <br />ARTICLE III <br />COMPENSATION <br />Section 3.1. Fees and Expenses. The Authority agrees to pay the Grantee for Project <br />costs and expenses incurred under this Contract which are reasonably consistent with the Scope <br />of Work, Budget Estimate but in no event shall the grant to the Grantee for work under this <br />Contract exceed $21,010. The Grantee will be responsible for the payment of all of its other and <br />additional costs and expenses. The Grantee may not exceed the contractual amount without prior <br />written approval from the Authority. The Grantee is not authorized to spend any additional <br />funds without prior written approval from the Authority. The Authority will not be held <br />accountable for any unauthorized work performed or funds spent by the Grantee. <br />2of8 <br />