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  2. Finance Committee - Agenda - 6/7/2017 - P446

Finance Committee - Agenda - 6/7/2017 - P446

By dnadmin on Mon, 11/07/2022 - 10:24
Document Date
Wed, 06/07/2017 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 06/07/2017 - 00:00
Page Number
446
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__060720…

O1150A-1
SECTION 01150A

MEASUREMENT AND PAYMENT

PART 1 - GENERAL

1.1 DESCRIPTION

A.

For lump sum items, payment shall be made to the Contractor in accordance with
an accepted Progress Schedule and Schedule of Values on the basis of actual work
completed.

For unit-price items, payment shall be based on the actual amount of work accepted

and for the actual amount of materials in place, as shown by the final

measurements.

1. All units of measurement shall be standard United States convention as
applied to the specific items of work by tradition and as interpreted by the
Engineer.

2. At the end of each day's work, the Contractor's Superintendent or other
authorized representative of the Contractor shall meet with the Resident
Project Representative and determine the quantities of unit price work
accomplished and/or completed during the work day.

3. The Resident Project Representative will then prepare two "Daily Progress
Reports" which shall be signed by both the Resident Project Representative
and Contractor's Representative.

4. Once each month the Resident Project Representative will prepare two
"Monthly Progress Summation" forms from the month's accumulation of
"Daily Progress Reports" which shall also be signed by both the Resident
Project Representative and Contractor's Representative.

5. These completed forms will provide the basis of the Engineer's monthly
quantity estimate upon which payment will be made. Items not appearing on
both the Daily Progress Reports and Monthly Progress Summation will not be
included for payment. Items appearing on forms not properly signed by the
Contractor will not be included for payment.

6. After the work is completed and before final payment is made there for, the
Engineer will make final measurements to determine the quantities of various
items of work accepted as the basis for final settlement.

1.2 SCOPE OF PAYMENT

A.

Payments to the Contractor will be made for the actual quantities of the Contract
items performed and accepted in accordance with the Contract Documents. Upon
completion of the construction, if these actual quantities show either an increase or
decrease from the quantities given in the Bid Form, the Contract unit prices will
still prevail.

The Contractor shall accept compensation, as herein provided, in full payment for
furnishing all materials, labor, tools, equipment, and incidentals necessary to the
completed work and for performing all work contemplated and embraced by the
Contract; also for all loss or damage arising from the nature of the Work, or from
the action of the elements, or from any unforeseen difficulties which may be

13089A

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Finance Committee - Agenda - 6/7/2017 - P446

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