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The period of performance for all expenditures shall extend from JULY 1, 2006 TO JUNE 30, <br />2007, unless written authorization to the contrary is provided by the Department. The <br />Contractor shall commence, carry on, and complete the approved Project with all practicable <br />dispatch, in a sound, economical, and efficient manner. <br />d. Contractor's Capacity. The Contractor agrees to maintain sufficient legal, <br />financial, technical, and managerial capability to: <br />(1) Plan, manage, and complete the Project and provide for the use of <br />Project property; <br />(2) Carry out the safety and security aspects of the Project; and <br />(3) Comply with the terms of this agreement, the Master Agreement <br />between the FTA and the Department, the Approved Project Budget, the Project schedules, the <br />Contractor's annual Certifications and Assurances to the Department, and applicable Federal <br />and State laws, regulations, and directives. <br />e. Administrative Requirements. The Contractor agrees to comply with the <br />following Federal and State administrative requirements: <br />(1) U.S. DOT regulations, "Uniform Administrative Requirements .for <br />Grants and Cooperative Agreements to State and Local Governments," 49 C.F.R. Part 18 at <br />(http://www.access.gpo.gov/nara/cfr/cfr-table-search.html#page1). <br />(2) Title 19A North Carolina Administrative Code (N.C.A.C.) Subchapter <br />5B at (http://reports.oah.state.nc.us/ncac.asp). <br />f. Application of Federal State and Local Laws Regulations, and Directives. <br />To achieve compliance with changing federal requirements, the Contractor makes note that <br />federal, state and local requirements may change and the changed requirements will apply to <br />this Agreement as required. <br />g. Contractor's Primary Responsibility to Comply with Federal and State <br />Requirements. Irrespective of involvement by any other participant in the Project, the Contractor <br />Project 07-US-056 Page 4 of 49 <br />Orange County <br />