Reso 2017-2716 - Laserfiche WebLink

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ARTICLE 5 CONTRACT AMOUNT, PROGPSS PAYMENTS AND FINAL PAYMENT 5.1 The City -shall pay to the Contractor, fqF the;faithful performance of. -all Work in connection ; with this Agreement, an amount not .to exceed.,Two Hundred Sixty -Seven Thousand Three Hundred Seventy -Rive. Dollars ($267,375.OQ). Payment shall be.-ma.de a pursuant to pproved applications for payment approved by the City and accompanied by sufficient supporting documentation, and.contain_ ing sufficient detail, to allow a proper :audit of expenditures, should the City require one to be performed. Contractor shall be. entitled ;to no other compensation for the Work to be performed hereunder, and Contractor expressly covenants and _agrees that all expenses incurred by Contractor in the conduct of its activities and 'the performance of its obligations and services hereunder shall be borne exclusively by Contractor and Contractor "shall be solely responsible -for the payment of same. Contractor understands and agrees that Contractor shall -not be entitled to any benefits not expressly specified in this Agreement. 5.2 Contractor may make Application for Payment for Work completed during the Project at intervals of not more than once a month. Contractor's Application foi: Payment shall include partial release(s) of liens or consent of Surety relative -to the portion of the Work; `which is the subject of the Application for Payment and ariy otherinformation required by the .City..Each Application for Payment. shall be�'submittedin triplicate to the City for approval.- 5.2.1. All payments to Contractor hereunder• shall be made on a work in -place basis following inspection and approval by the City. Every ti#y-(38}da3�s-eFle`ss during the progcess� of construction, Contractor will submit to the City an application for payment (referred to herein as an `.`Application for P_ ayment') covering the portion of the Work performed (and materials used) for which payment has not been previously made. Each such Application for Payment shall be in City form and 'substance reasonably satisfactory.toahe City and shall include, with limitation;. (a) -the Manager's amount due for the Work performed for which Contractor is -requesting payment, (b)-8 reasonably intials: detailed breakdown and itemization of such Work and the amount -due, (e) the percentage of completion of .the Work performed, (d) the sum of all iprior payments made from the :City to Contractor hereunder; and (e) such other information] and attachments as shall be reasonably 4 required by the City for purposes of evaluating the Work performed for which. Contractor is requestin g payment. At the time Contractor submiis.an,Application for Payment to the City, if requested by the City, Contractor will also provide'to the:City tnie, correct and legible copies of all invoices and bills for labor and materials incorporated in the Work and which are to be -paid om the proceeds of the payment to be�nade by the City. at such time Trzr�rks•.1S°lo a# Con}fa, 25°!o µcb�6'td�bn, aba a} �a 25°/, u0� Corac► S.2.2. Each Application for Payment made from Contractor- to the City hereunder shall be deemed a representation and warranty' by.Contractor to the Cityahat, as of the date:of such Application forPayment, (a) there exists no Event of Default.(as hereinafter defined) and no event LMa or-Condit on'that, with notice or lapse -of tiine, or both,;would constitute an Event of Default,-(b) ger'sthere has, been no material variance from. the ContractD.ocunlents with respect to the_ Work: performed through the date of -such Application for Payment. and {c) all Work .performed in furt}lerance-of :the construction of the Improvements at the then.eurrent state of,construction, has 'been.done in a good arid. workmanlike manner, and all materials, equipment, furnishings and fixtures usually furnished and installed at such time have,been so furnished and installed in a good and workmanlike manner. 0304178-AMERiCAN RAMP COMPANY