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d) subtract the aQQreQate of the previous payments made bv the Owner; subtract the shortfall. if any. indicated bv the Contractor in the supportinQ records and other evidence as mutuallv aQreed between the Owner or EnQineer and Contractor to demonstrate expenditures incurred to substantiate prior Applications for Payment. or resultinQ from errors subseQuentlv discovered bv Owner. or desiQnee; subtract the amounts. if any. for which the Architect has withheld or nullified Certificate for Payment in accordance with the provisions of the Contract Documents." e) f) In Paragraph 14.02.B., change the beginning of the sentence~.from "Ten days..... to read~ _-"Forty-five days...... In ParaQraph 14.02.C.1, insertthefollowinQ: 2. 3. 4. Final Version 5. The Contractor shall promptlv pay each subcontractor. upon receipt of payment from the Owner, out of the amount paid to the Contractor on account of such Subcontractor's portion of the Work. the amount to which said Subcontractor is entitled, reflectinQ percentaQes actuallv retained from payments to the Contractor on account of such Subcontractor's portion of the Work. The Contractor shall. bv appropriate aQreement with each Subcontractor. require each Subcontractor to make payments to Subsubcontractors. if such Subsubcontractors are permitted bv the Contract Documents, to make payments to Subsubcontractors in the same manner. Neither the Owner nor the EnQineer shall have an obliQation to pavor see to the payment of money to a Subcontractor. except as provided bv law. Payment bv Contractor to material suppliers shall be treated in the manner as provided in ParaQraph 14.02.C.2. Except with the Owner's prior approval. payments to Subcontractors shall be subject to RetainaQe of not less than ten percent (10%). The Owner and the Contractor shall aQree upon a mutuallv acceptable procedure for review and approval of payments and retention for Subcontractors. Upon mutual aQreement bv Owner and Contractor. payment in full may be made to those Subcontractors whose Work is fullv completed durinQ the earlv staQes of the Project. NotwithstandinQ ParaQraphs 14.02.A.8 and 14.02.C.5 above, at such times as the Work as set forth in the schedule of values has been 50% completed. and upon mutual aQreement of the Owner and Contractor, no further RetainaQe shall be withheld from proQress payments with respect to such portion of the Work. AQreement as to any such reduction in retained amounts will not constitute a waiver of or otherwise preiudice the Owner's riQht to subseQuentlv reinstate full retainaQe. as to that subcontractor, should circumstances iustify such action in the Owner's sole iudQment. Upon Substantial Completion of the entire Work of the Contractor. a sum. sufficient to increase payments to the Contractor to one hundred percent (100%) of the Contract Sum, less amounts. if any for incomplete Work and unsettled claims. shall be paid to Contractor with the next sequential payment application after Substantial Completion is obtained. 6. 7. 00800-9 +- --... '1 Formatted: Right: 0.5" Formatted: Right: 0.5", Numbered + Level: 1 + Numbering Style: 1, 2, 3, ... + Start at: 2 + Alignment: Left + Aligned at: 0.25" + Tab after: 0.75" + Indent at: 0.75"