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(05-10-01) Central Island Drainage & St. Improv.
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Last modified
6/13/2012 3:15:06 AM
Creation date
1/19/2011 10:58:50 AM
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CityClerk-Bids_RFP_RFQ
Project Name
Central Island Drainage & St. Improv.
Bid No. (xx-xx-xx)
05-10-01
Project Type (Bid, RFP, RFQ)
Bid
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' is entitled, reflecting percentages actually retained from payments to the <br />Contractor on account of such Subcontractor's portion of the Work. The <br />' Contractor shall, by appropriate agreement with each Subcontractor, require <br />each Subcontractor to make payments to Subsubcontractors, if such <br />Subsubcontractors are permitted by the Contract Documents, to make <br />' payments to Subsubcontractors in the same manner. <br />3. Neither the Owner nor the Engineer shall have an obligation to pay or see to the <br />payment of money to a Subcontractor, except as provided by law. <br />' 4. Payment by Contractor to material suppliers shall be treated in the manner as <br />provided in Paragraph 14.02.C.2. <br />5. Except with the Owner's prior approval, payments to Subcontractors shall be <br />' subject to Retainage of not less than ten percent (10 %). The Owner and the <br />Contractor shall agree upon a mutually acceptable procedure for review and <br />approval of payments and retention for Subcontractors. <br />' 6. Upon mutual agreement by Owner and Contractor, payment in full may be <br />made to those Subcontractors whose Work is fully completed during the early <br />stages of the Project. Notwithstanding Paragraphs 14.02.A.8 and 14.02.C.5 <br />' above, at such times as the Work as set forth in the schedule of values has <br />been 50% completed, and upon mutual agreement of the Owner and <br />Contractor, no further Retainage shall be withheld from progress payments with <br />' respect to such portion of the Work. Agreement as to any such reduction in <br />retained amounts will not constitute a waiver of or otherwise prejudice the <br />Owner's right to subsequently reinstate full retainage, as to that subcontractor, <br />' should circumstances justify such action in the Owner's s ole judgment. <br />7. Upon Substantial Completion of the entire Work of the Contractor, a sum, <br />sufficient to increase payments to the Contractor to one hundred percent <br />(100 %) of the Contract Sum, less amounts, if any for incomplete Work and <br />unsettled claims, shall be paid to Contractor with the next sequential payment <br />application after Substantial Completion is obtained. <br />' Delete Paragraph 14.05 and replace with the following: <br />A. The Owner may occupy or use any completed or partially completed portion of <br />the Work at any stage when such portion is designated by separate agreement <br />with the Contractor, provided such occupancy or use is consented by the <br />' insurer, in accordance with Paragraph 5.06.A.5 and as authorized by public <br />authorities having jurisdiction over the Work. Such partial occupancy or use <br />may commence whether or not the portion is substantially complete, provided <br />' Owner and Contractor have accepted in writing the responsibilities assigned to <br />each of them for payments, Retainage, if any, security, maintenance, heat, <br />utilities, damage to Work and insurance, and have agreed in writing concerning <br />' the period for correction of Work and commencement of warranties required by <br />the Contract Documents. When the Contractor considers a portion substantially <br />complete, the Contractor shall prepare and submit a comprehensive list to the <br />Engineer of the items to be completed or corrected prior to final payment. The <br />Failure to include an item on such list does not alter the responsibility of the <br />Contractor to complete all Work in accordance with the Contract Documents. <br />Consent of the Contractor to partial occupancy or use shall not be <br />ISUPPLEMENTARY CONDITIONS 09/24 00800 -9 <br />
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