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1 <br />1 <br />t <br />r <br />5.1.1. Prior to Substantial Completion, progress payments will be made in an <br />amount equal to the percentage indicated below, but, in each case, less the <br />aggregate of payments previously made and less such amounts as ENGINEER shall <br />determine, or OWNER may withhold, in accordance with Paragraph 14.02 of the <br />General Conditions. <br />90 % of Work completed (with the balance being retainage). If Work has <br />been 50% completed as determined by ENGINEER, and if the character and <br />progress of the Work have been satisfactory to OWNER and ENGINEER, <br />OWNER, on recommendation of ENGINEER, may determine that as long as <br />the character and progress of the Work remain satisfactory to them, there <br />will be no additional retainage on account of Work completed, in which case <br />the remaining progress payments prior to Substantial Completion will be in an <br />amount equal to 100% of the Work completed. <br />90 % (with the balance being retainage) of materials and equipment not <br />incorporated in the Work (but delivered, suitably stored and accompanied by <br />documentation satisfactory to OWNER as provided in Paragraph 14.02 of the <br />General Conditions and within Section 9 -6.5 partial payments as provided in <br />FDOT Standard Specifications for Road and Bridge Construction. <br />5.1.2. When circumstances beyond the PROVIDERS control arise (as determined by <br />the OWNER) the OWNER may allow the total payment to the PROVIDER to increase <br />to 98% of the contract price (with the balance being retainage), less such amounts <br />as ENGINEER shall determine, only after receipt of the final as- builts and upon <br />substantial completion of the project and in accordance with Paragraph 14.02 of the <br />General Conditions. <br />5.2. Final Payment. Upon final completion and acceptance of the Work in accordance with <br />Paragraph 14.07 of the General Conditions, OWNER shall pay the remainder of the Contract <br />Price as recommended by ENGINEER as provided in said Paragraph 14.07. <br />Article 6. INTEREST. (Not Applicable) <br />Article 7. PROVIDER'S REPRESENTATIONS. <br />In order to induce OWNER to enter into this Agreement PROVIDER makes the following <br />representations: <br />05/06 <br />7.1. PROVIDER has examined and carefully studied the Contract Documents (including the <br />Addenda listed in Paragraph 8) and the other related data identified in the Bidding Documents <br />including "technical data." <br />7.2. PROVIDER has visited the site and become familiar with and is satisfied as to the <br />general, local and site conditions that may affect cost, progress, performance or furnishing of <br />the Work. <br />7.3. PROVIDER is familiar with and is satisfied as to all federal, state and local Laws and <br />Regulations that may affect cost, progress, performance and furnishing of the Work. <br />7.4. PROVIDER has carefully studied all reports of explorations and tests of subsurface <br />conditions at or contiguous to the site and all drawings of physical conditions in or relating to <br />existing surface or subsurface structures at or contiguous to the site (except Underground <br />Facilities) which have been identified in the Supplementary Conditions as provided in <br />Paragraph 4.02.1. of the General Conditions. PROVIDER accepts the determination set forth <br />00500 -3 <br />03- 4122.E <br />