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1 <br />t <br />L <br />In Paragraph 14.02.6., change the beginning of the sentence:from "Ten days..." to read: <br />"Forty -five days... ". <br />In Paragraph 14.02.C.1, insert the following: <br />2. The Contractor shall promptly pay each subcontractor, upon receipt of <br />payment from the Owner, out of the amount paid to the Contractor on <br />account of such Subcontractor's portion of the Work, the amount to <br />which said Subcontractor is entitled, reflecting percentages actually <br />retained from payments to the Contractor on account of such <br />Subcontractor's portion of the Work. The Contractor shall, by <br />appropriate agreement with each Subcontractor, require each <br />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 <br />to the payment of money to a Subcontractor, except as provided by law. <br />4. Payment by Contractor to material suppliers shall be treated in the <br />manner as provided in Paragraph 14.02.C.2. <br />5. Except with the Owner's prior approval, payments to Subcontractors <br />shall be subject to Retainage of not less than ten percent (10 %). The <br />Owner and the Contractor shall agree upon a mutually acceptable <br />procedure for review and approval of payments and retention for <br />Subcontractors. <br />SUPPLEMENTARY CONDITIONS <br />in advance by Owner, suitably stored off -site at a location <br />agreed upon in writing. <br />c) <br />add the Contractor's Fee, less the ten percent (10 %) <br />Retainage. The Contractor's Fee shall be computed upon the <br />Cost of the Work described in the preceding clauses at the rate <br />in accordance with Paragraph 11.01.0 or, if the Contractor's <br />Fee is stated as a fixed sum, then it shall be an amount that <br />bears the same ratio to that fixed -sum fee as the Cost of the <br />Work in the two preceding clauses bears to a reasonable <br />estimate of the probable Cost of Work upon completion. <br />d) <br />subtract the aggregate of the previous payments made by the <br />Owner; <br />e) <br />subtract the shortfall, if any, indicated by the Contractor in the <br />supporting records and other evidence as mutually agreed <br />between the Owner or Engineer and Contractor to demonstrate <br />expenditures incurred to substantiate prior Applications for <br />Payment, or resulting from errors subsequently discovered by <br />Owner, or designee; <br />f) <br />subtract the amounts, if any, for which the Architect has <br />withheld or nullified Certificate for Payment in accordance with <br />the provisions of the Contract Documents." <br />In Paragraph 14.02.6., change the beginning of the sentence:from "Ten days..." to read: <br />"Forty -five days... ". <br />In Paragraph 14.02.C.1, insert the following: <br />2. The Contractor shall promptly pay each subcontractor, upon receipt of <br />payment from the Owner, out of the amount paid to the Contractor on <br />account of such Subcontractor's portion of the Work, the amount to <br />which said Subcontractor is entitled, reflecting percentages actually <br />retained from payments to the Contractor on account of such <br />Subcontractor's portion of the Work. The Contractor shall, by <br />appropriate agreement with each Subcontractor, require each <br />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 <br />to the payment of money to a Subcontractor, except as provided by law. <br />4. Payment by Contractor to material suppliers shall be treated in the <br />manner as provided in Paragraph 14.02.C.2. <br />5. Except with the Owner's prior approval, payments to Subcontractors <br />shall be subject to Retainage of not less than ten percent (10 %). The <br />Owner and the Contractor shall agree upon a mutually acceptable <br />procedure for review and approval of payments and retention for <br />Subcontractors. <br />SUPPLEMENTARY CONDITIONS <br />