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5 . 1 . 1 On not later than the first or fifteenth day of every month the CONTRACTOR shall ' prepare and submit a detailed estimate and payment requisition on a standard AIA form addressed to the Engineering Division of the Utilities Department covering the percentage of the total amount of the contract which has been completed from the start of ' the job up to and including the last day of the preceding month, together with such supporting evidence as may be required by the OWNER and/or CONTRACTOR. This estimate shall also include the cost of such materials and equipment required in the ' permanent work as has been delivered to the site and suitably protected but not as yet incorporated in the work. A partial Release of Lien shall be submitted with each payment requisition to verify payment(s) to subcontractors and material suppliers . 5 . 1 .2 On or about the last day of the month to the fifteenth day of the following month after receipt of invoice, the OWNER shall pay to the CONTRACTOR ninety (90%) of the value based on the CONTRACTOR' S estimate and invoice as recommended by the ENGINEER, less the aggregate of previous payments . It is agreed that the ENGINEER ' shall have the right to finally determine and recommend the amount currently due to the CONTRACTOR. ' PLEASE NOTE: Submittals of estimates and invoices for payment must be directed to the Engineering Division of the Utilities Department so that they may be recommended by the ENGINEER. The Utilities Engineering Division will not be responsible for any delay in meeting ' the above mentioned payment schedule if the CONTRACTOR submits his estimate and invoice to another department. ' 5 .2 Final payment. Upon final completion and acceptance of the work in accordance with Paragraph 14 . 07 of the General Conditions, OWNER shall pay the remainder of the Contract Price as recommended by ENGINEER as provided in said Paragraph 14.07 . ' ARTICLE 6 INTEREST ' Not Applicable. ARTICLE 7 CONTRACTOR'S REPRESENTATIONS ' In order to induce OWNER to enter into this Agreement, CONTRACTOR makes the following representations : ' 7 . 1 CONTRACTOR has familiarized itself with the nature and extent of the Contract Documents, work, site, locality, and all local conditions and laws and regulations that in any manner may affect cost, progress, performance or furnishing of the work. ' 7 . 2 CONTRACTOR has studied carefullyall reports of explorations re P p orations and tests of subsurface conditions and drawings of physical conditions which are identified in the Supplementary Conditions as provided in Paragraph 4 .02 of the General Conditions, and accepts the determination set forth in Paragraph SC4 . 02 of the Supplementary Conditions of the extent of the technical data contained in such reports and drawings upon which CONTRACTOR is entitled to rely. 7 . 3 CONTRACTOR has obtained and carefully studied (or assumes responsibility nd carefully studying) all such examinations, investigations, explorations, tests, reportsaand study s (in ' addition to or to supplement those referred to in Paragraph 7.2 above) which pertain to the ' 6706-38392\8/20/03 00530-3 VRB