Finance Committee - Agenda - 2/1/2017 - P33
12. Acceptance of final payment by the CONTRACTOR, a subcontractor or supplier shall
constitute a waiver of claims by that payee except those previously made in writing and
identified by that payee as unsettled at the time of final Application for Payment.
ARTICLE 11— RETAINAGE
1. The OWNER will retain a portion of the progress payment, each month, in accordance with
the following procedures: