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percent (20%) from the quantity of such Work indicated or estimated <br />in the Contract Documents, an appropriate Change Order shall be <br />issued to,adjust the Contract Unit Price, if warranted and justified, and <br />if fully supported by documentation submitted to the City and the <br />Engineer / Architect and if a timely claim is made for same in <br />accordance with the terms and provisions of this Contract. <br />ARTICLE V <br />PAYMENT OF THE CONTRACT PRICE <br />5.1 Schedule of Values <br />5.1.1. Within ten (10) calendar days of the effective date hereof, the Contractor shall <br />submit to the City and to the Engineer / Architect a Schedule of Values allocating the <br />Contract Price to the various portions of the Work. The Contractor's Schedule of Values shall <br />be prepared in such form, with such detail, and supported by such data as the Engineer / <br />Architect or the City may require to substantiate its accuracy. The Contractor shall not <br />imbalance its Schedule of Values nor artificially inflate any element thereof. Any violation <br />of this provision by the Contractor shall constitute a material breach of this Contract. The <br />Schedule of Values shall be used only as a basis for the Contractor's Applications for <br />Payment and shall only constitute such basis after it has been acknowledged in writing by <br />the Engineer / Architect and the City. <br />5.2 Payment Procedure <br />5.2.1. The City shall pay the Contract Price to the Contractor as provided below. <br />5.2.2. Monthly invoices received from the Contractor pursuant to this Contract will <br />be reviewed by the initiating City Department. Payment will be made by the City in <br />accordance with Florida's Prompt Payment Act. If services have been rendered in <br />conformity with the Contract, the invoice will be sent to the Finance Department for <br />payment. Invoices must reference the contract number assigned hereto. <br />5.3 Withheld Payment <br />5.3.1. The City may decline to make payment, may withhold funds, and, if <br />necessary, may demand the return of some or all of the amounts previously paid to the <br />Contractor, to protect the City from loss because of: <br />(a) defective Work not remedied by the Contractor nor, in the opinion of <br />the City, likely to be remedied by the Contractor; <br />Page 9 of 43 <br />8487 <br />