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Finance Committee

Finance Committee - Agenda - 3/17/2021 - P197

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ARTICLE 15 - SUSPENSION OF WORK AND TERMINATION

15.01 Zermination, Abandonment, or Suspension at Will

The OWNER, in its sole discretion, shall have the right to terminate, abandon, or suspend all or part of the project and
contract at will. If the OWNER chooses to terminate, abandon, or suspend all or part of the project, it shall provide
CONTRACTOR 10 day’s written notice of its intent to do so.

Finance Committee - Agenda - 3/17/2021 - P196

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required by subparagraph 5.04.B.7; (ii) consent of the surety, if any, to final payment; and (iii) complete and legally
effective releases or waivers (satisfactory to OWNER) of all Lien rights arising out of or Liens filed in connection
with the Work.

Finance Committee - Agenda - 3/17/2021 - P195

By dnadmin on Mon, 11/07/2022 - 13:45
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or corrected) reflecting such changes from the tentative certificate as ENGINEER believes justified after consideration
of any objections from OWNER. At the time of delivery of the tentative certificate of Substantial Completion
ENGINEER will deliver to OWNER and CONTRACTOR a written recommendation to division of responsibilities pending
final payment between OWNER and CONTRACTOR with respect to security, operation, safety, and protection of the
Work, maintenance, heat, utilities, insurance, and warranties and guarantees. Unless OWNER and CONTRACTOR agree

Finance Committee - Agenda - 3/17/2021 - P194

By dnadmin on Mon, 11/07/2022 - 13:45
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C. Payment Becomes Due

1. Not more than 30 days after presentation of the application for payment to OWNER with ENGINEER’s
recommendation, the amount recommended will become due, and when due will be paid by OWNER to
CONTRACTOR.

D. Reduction in Payment.
1. OWNER may refuse to make payment of the full amount recommended by ENGINEER because:

a. Claims have been made against OWNER on account of CONTRACTOR's performance or furnishing of the
Work;

Finance Committee - Agenda - 3/17/2021 - P193

By dnadmin on Mon, 11/07/2022 - 13:45
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4. By recommending any such payment ENGINEER will not thereby be deemed to have represented that: (i)
inspections made to check the quality or the quantity of the Work as it has been performed have been exhaustive,
extended to every aspect of the Work in progress, or involved detailed inspections of the Work beyond the
responsibilities specifically assigned to ENGINEER in the Contract Documents; or (ii) that there may not be other
matters or issues between the parties that might entitle CONTRACTOR to be paid additionally by OWNER or entitle

Finance Committee - Agenda - 3/17/2021 - P192

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ENGINEER and ENGINEER's Consultants access to the Site to enable OWNER to exercise the rights and remedies under
this paragraph.

Finance Committee - Agenda - 3/17/2021 - P191

By dnadmin on Mon, 11/07/2022 - 13:45
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contemplated in paragraph 6.11.A is found to be defective, CONTRACTOR shall promptly, without cost to OWNER and
in accordance with OWNER's written instructions: (i) repair such defective land or areas, or (ii) correct such defective
Work or, if the defective Work has been rejected by OWNER, remove it from the Project and replace it with Work that
is not defective, and (ili) satisfactorily correct or repair or remove and replace any damage to other Work, to the work

Finance Committee - Agenda - 3/17/2021 - P190

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G. The OWNER intends to provide inspection for the project. The inspector will be available during a forty (40) hour
period during the week from Monday through Friday. In the event the CONTRACTOR receives permission from the
OWNER and elects to work more than forty hours during the week or more than 10 hours in one day, or on a Saturday,
Sunday, or legal holiday, the CONTRACTOR shall be responsible for all inspection, ENGINEERing and testing costs

Finance Committee - Agenda - 3/17/2021 - P189

By dnadmin on Mon, 11/07/2022 - 13:45
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ARTICLE 13 - TESTS AND INSPECTIONS; CORRECTION, REMOVAL OR ACCEPTANCE OF DEFECTIVE WORK

13.01 Notice of Defects

A. Prompt notice of all defective Work of which OWNER or ENGINEER has actual knowledge will be given to
CONTRACTOR. All defective Work may be rejected, corrected, or accepted as provided in this Article 13.

13.02 Access to Work

Finance Committee - Agenda - 3/17/2021 - P188

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f. When both addition and credits are involved in any one change, the adjustment in CONTRACTOR's fee shall
be computed on the basis of the net change in accordance with paragraphs 12.01.C.2.a through 12.01.C.2.e
inclusive.

12.02 Change of Contract Times

Pagination

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