Board Of Aldermen - Agenda - 3/23/2021 - P427

C. MEASUREMENT AND PAYMENT

Maintenance of Traffic will be measured as a unit. Payment for maintenance of traffic shall be at
the contract lump sum, which lump sum includes full compensation for material, equipment and
labor to complete this portion of the Bid Schedule. The lump sum can only be amended by
written, approved change order. Progress payments towards the lump sum will be made
periodically based on the percent of the contract and the balance will be paid at final payment
upon completion of all project requirements. Should the contract be terminated prior to
completion, or the contract work not completed, total payment for this item shall be proportional
to the percentage of the contract completed.

Page 37 of 43