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Finance Committee - Agenda - 6/7/2017 - P427

By dnadmin on Mon, 11/07/2022 - 10:24
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to make written objection to ENGINEER as to any provisions of the certificate or attached list. If, after considering
such objections, ENGINEER concludes that the Work is not substantially complete, ENGINEER will within 14 days
after submission of the tentative certificate to OWNER notify CONTRACTOR in writing, stating the reasons
therefore. If after consideration of OWNER's objections, ENGINEER considers the Work substantially complete,
ENGINEER will within said 14 days execute and deliver to OWNER and CONTRACTOR a definitive certificate of

Finance Committee - Agenda - 6/7/2017 - P426

By dnadmin on Mon, 11/07/2022 - 10:24
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2. Beginning with the second Application for Payment, each Application shall include an affidavit of
CONTRACTOR stating that all previous progress payments received on account of the Work have been applied
on account to discharge CONTRACTOR's legitimate obligations associated with prior Applications for Payment.

3. The amount of retainage with respect to progress payments will be stipulated in the Agreement.
C. Payment Becomes Due

Finance Committee - Agenda - 6/7/2017 - P425

By dnadmin on Mon, 11/07/2022 - 10:24
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c. The conditions precedent to CONTRACTOR's being entitled to such payment appears to have been fulfilled
in so far as itis ENGINEER's responsibility to observe the Work.

Finance Committee - Agenda - 6/7/2017 - P424

By dnadmin on Mon, 11/07/2022 - 10:24
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B. In exercising the rights and remedies under this paragraph, OWNER shall proceed expeditiously. In connection
with such corrective and remedial action, OWNER may exclude CONTRACTOR from all or part of the Site, take
possession of all or part of the Work and suspend CONTRACTOR's services related thereto, take possession of
CONTRACTOR's tools, appliances, construction equipment and machinery at the Site, and incorporate in the Work all
materials and equipment stored at the Site or for which OWNER has paid CONTRACTOR but which are stored

Finance Committee - Agenda - 6/7/2017 - P423

By dnadmin on Mon, 11/07/2022 - 10:24
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13.07 Correction Period

Finance Committee - Agenda - 6/7/2017 - P422

By dnadmin on Mon, 11/07/2022 - 10:24
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E. If any Work (or the work of others) that is to be inspected, tested, or approved is covered by CONTRACTOR
without written concurrence of ENGINEER, it must, if requested by ENGINEER, be uncovered for observation.

F. Uncovering Work as provided in paragraph 13.03.E shall be at CONTRACTOR's expense unless CONTRACTOR
has given ENGINEER timely notice of CONTRACTOR's intention to cover the same and ENGINEER has not acted
with reasonable promptness in response to such notice.

Finance Committee - Agenda - 6/7/2017 - P421

By dnadmin on Mon, 11/07/2022 - 10:24
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2. Delays beyond the control of both OWNER and CONTRACTOR including but not limited to fires, flood,
epidemics, abnormal weather conditions, acts of God, or acts or neglect by utility owners or other contractors
performing other work as contemplated by Article 7.

B. Nothing in this paragraph 12.06 bars a change in Contract Price pursuant to this Article 12 to compensate
CONTRACTOR due to delay, interference, or disruption directly attributable to actions or inactions of OWNER or
anyone from whom OWNER is responsible.

Finance Committee - Agenda - 6/7/2017 - P420

By dnadmin on Mon, 11/07/2022 - 10:24
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11.01.A.1 and 11.01.A.2 and that any higher tier Subcontractor and CONTRACTOR will each be paid a fee
of five percent of the amount paid to the next lower tier Subcontractor;

d. No fee shall be payable on the basis of costs itemized under paragraphs 11.01.A.4, 11.01.A.5, and 11.01.B;

e. The amount of credit to be allowed by CONTRACTOR to OWNER for any change which results in a net
decrease in cost will be the amount of the actual net decrease in cost plus a deduction in CONTRACTOR's fee
by an amount equal to five percent of such net decrease; and

Finance Committee - Agenda - 6/7/2017 - P419

By dnadmin on Mon, 11/07/2022 - 10:24
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B. Prior to final payment, an appropriate Change Order will be issued as recommended by ENGINEER to reflect
actual amounts due CONTRACTOR on account of Work covered by allowances, and the Contract Price shall be
correspondingly adjusted.

11.03 Unit Price Work

Finance Committee - Agenda - 6/7/2017 - P418

By dnadmin on Mon, 11/07/2022 - 10:24
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j. When the Cost of the Work is used to determine the value of a Change Order or of a Claim, the cost of
premiums for additional Bonds and insurance required because of the changes in the Work or caused by the
event giving rise to the Claim

k. When all the Work is performed on the basis of cost-plus, the costs of premiums for all Bonds and
insurance CONTRACTOR is required by the Contract Documents to purchase and maintain.

B. Costs Excluded: The term Cost of the Work shall not include any of the following items:

Pagination

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