Section 73.07 - Project Agreements(1) Each grant recipient shall enter into a project agreement with the MHC for the funding of the project. Such project agreement shall contain provisions which shall include, but not be limited to, the following: (a) MHC approved scope of work;(b) a preservation project schedule with targeted deadlines for the completion of various stages of the project;(c) an agreement that the grant recipient will erect a sign prescribed by the MHC, at the project site indicating that it has received matching state funds for the project;(d) scheduled periodic site visits by MHC to inspect the progress of the project, including final inspection upon completion of the work;(e) for any total project cost in excess of $100,000, non-profit organizations may only award construction contracts to those contractors and subcontractors that make payments to hospitalization and medical benefits for all their employees employed on the project, make contributions to a retirement plan, and supplementary unemployment benefit plans for their employees; ; however, this requirement shall not apply where the service being contracted for is of such a specialized nature that only a limited number of sources for the service exist, and the nonprofit organization has provided documentation to MHC that sources of such services is extremely limited and MHC has made the determination that the services are of a specialized nature; and(f) an assurance that required documentation will be submitted upon completion of the work.(g) Where no bids have been received from contractors that satisfy both the requirements of 950 CMR 73.07(1)(e) and the historic preservation quality assurance requirements, the Secretary of the Commonwealth may waive the requirements of 950 CMR 73.07(1)(e) where it has been demonstrated to his satisfaction that no qualified bids have been received.(2) Failure to comply with the terms established in the project contract may result in loss of the grant award.(a) The project agreement will set forth the notice requirements which must be met prior to loss of an award.(b) A grant award may only be revoked upon majority vote of the MHC at a scheduled public meeting.