Laserfiche WebLink
evidence of insurance required by Paragraph 14.08 Final Completion Delayed <br /> 5 .04. 8.7; <br /> A. If, through no fault of Contractor, final completion of <br /> b. consent of the surety, if any, to final payment; the Work is significantly delayed, and if Engineer so <br /> confirms, Owner shall , upon receipt of Contractor' s final <br /> C. a list of all Claims against Owner that Application for Payment (for Work fully completed and <br /> Contractor believes are unsettled; and accepted) and recommendation of Engineer, and without <br /> terminating the Contract, make payment of the balance <br /> d. complete and legally effective releases or due for that portion of the Work fully completed and <br /> waivers (satisfactory to Owner) of all Lien rights accepted. If the remaining balance to be held by Owner <br /> arising out of or Liens filed in connection with for Work not fully completed or corrected is less than the <br /> the Work. retainage stipulated in the Agreement, and if bonds have <br /> been furnished as required in Paragraph 5.01 , the written <br /> 3 . In lieu of the releases or waivers of Liens consent of the surety to the payment of the balance due <br /> specified in Paragraph 14. 07. A.2 and as approved by for that portion of the Work fully completed and accepted <br /> Owner, Contractor may furnish receipts or releases in shall be submitted by Contractor to Engineer with the <br /> full and an affidavit of Contractor that: (i) the Application for such payment. Such payment shall be <br /> releases and receipts include all labor, services, made under the terms and conditions governing final <br /> material, and equipment for which a Lien could be payment, except that it shall not constitute a waiver of <br /> filed; and (ii) all payrolls, material and equipment Claims. <br /> bills, and other indebtedness connected with the <br /> Work for which Owner or Owner's property might in 14.09 Waiver of Claims <br /> any way be responsible have been paid or otherwise <br /> satisfied. If any Subcontractor or Supplier fails to A . The making and acceptance of final payment will <br /> furnish such a release or receipt in full, Contractor constitute: <br /> may furnish a bond or other collateral satisfactory to <br /> Owner to indemnify Owner against any Lien. 1 . a waiver of all Claims by Owner against <br /> Contractor, except Claims arising from unsettled <br /> B . Engineer's Review of Application and Acceptance Liens, from defective Work appearing after final <br /> inspection pursuant to Paragraph 14.06, from failure <br /> I . If, on the basis of Engineer's observation of the to comply with the Contract Documents or the terms <br /> Work during construction and final inspection, and of any special guarantees specified therein, or from <br /> Engineer's review of the final Application for Contractor's continuing obligations under the <br /> Payment and accompanying documentation as re- Contract Documents; and <br /> quired by the Contract Documents, Engineer is <br /> satisfied that the Work has been completed and 2 . a waiver of all Claims by Contractor against <br /> Contractor's other obligations under the Contract Owner other than those previously made in <br /> Documents have been fulfilled, Engineer will, within accordance with the requirements herein and <br /> ten days after receipt of the final Application for expressly acknowledged by Owner in writing as still <br /> Payment, indicate in writing Engineer' s recommen- unsettled. <br /> dation of payment and present the Application for <br /> Payment to Owner for payment. At the same time <br /> Engineer will also give written notice to Owner and ARTICLE 15 - SUSPENSION OF WORK AND <br /> Contractor that the Work is acceptable subject to the TERMINATION <br /> provisions of Paragraph 14.09. Otherwise, Engineer <br /> Will return the Application for Payment to <br /> Contractor, indicating in writing the reasons for 15 .01 Owner May Suspend Work <br /> refusing to recommend final payment, in which case <br /> Contractor shall make the necessary corrections and A . At any time and without cause, Owner may suspend <br /> resubmit the Application for Payment. the Work or any portion thereof for a period of not more <br /> than 90 consecutive days by notice in writing to <br /> C . Payment Becomes Due Contractor and Engineer which will fix the date on which <br /> Work will be resumed. Contractor shall resume the Work <br /> 1 . Thirty days after the presentation to Owner of on the date so fixed. Contractor shall be granted an adjust- <br /> the Application for Payment and accompanying ment in the Contract Price or an extension of the Contract <br /> documentation, the amount recommended by Times, or both, directly attributable to any such <br /> Engineer, less any sum Owner is entitled to set off suspension if Contractor makes a Claim therefor as <br /> against Engineer's recommendation, including but provided in Paragraph 10.05. <br /> not limited to liquidated damages, will become due <br /> and , will be paid by Owner to Contractor. <br /> EJCDC C-700 Standard General Conditions of the Construction Contract. <br /> Copyright © 2002 National Society of Professional Engineers for EJCDC. All rights reserved. <br /> 00700 - 39 <br />