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GC 44 . 3 Progress Payments . Not more than once each month , the Contractor shall prepare and submit a detailed estimate and payment request on a standard AIA form , 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 the Engineer. 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 . Partial Release ( s) of Lien and Subcontractor Utilization Report shall be submitted with each payment requisition to verify payment(s) to subcontractors and material suppliers . GC 44 . 4 In accordance with the Local Government Prompt Payment Act, until the Project is determined to be 50 % complete , the Owner shall withhold retainage of ten percent ( 10 % ) from each progress payment pay to the Contractor based on the Contractor' s estimate and invoice as approved by the Engineer. It is agreed that the Engineer shall have the right to finally determine the amount currently due to the Contractor. GC 44 . 5 After the Project is determined to be 50 % complete , the Owner shall withhold retainage of five percent ( 5 % ) from each progress payment pay to the Contractor based on the Contractor' s estimate and invoice as approved by the Engineer. It is agreed that the Engineer shall have the right to finally determine the amount currently due to the Contractor. Contractor may present to Owner a payment request for up to one-half of the retainage held by Owner. If Owner has grounds under Florida law to continue to retain all or a portion of the requested retainage , Owner may continue to hold such retainage . GC 44 . 5 Final payment may be made to certain select Sub-contractors whose work is satisfactorily completed prior to the total completion of the Project but only upon advance written approval of the Owner and Surety . GC 44 . 6 If there remain items to be completed , the Contractor and Owner shall list those items required for completion and the Contractor shall require the retainage of a sum equal to 200 % of the estimated cost of completing any unfinished items , provided that said unfinished items are listed separately and the estimated cost of completing any unfinished items likewise listed separately . GC 44 . 7 The Contractor shall timely pay and not withhold payments to Sub-Contractors if such payments have been made to the Contractor. Should this occur for any reason , the Contractor shall immediately return such monies to the Owner, adjusting pay requests and project bookkeeping as required . GC 44 . 8 Substantial Completion . Following determination by the Engineer of substantial completion , Contractor shall separately list each item of the punchlist required for final completion and the estimated cost of completing each item . Provided all pre- requisites for substantial completion have been met, Contractor may submit a special payment request along with the cost list for unfinished work . The County may retain a sum equal to 150 % of the estimated cost of completing the unfinished items . GC 44 . 9 Final Payment. In case of disputed indebtedness or liens the Contractor may submit in lieu of evidence of payment a surety or Performance Bond satisfactory to the Owner guaranteeing payment of all such disputed amounts when adjudicated in cases where such payment has not already been guaranteed by a Surety or Performance bond . Upon issuance of a Final Certification by Engineer, and completion of all of the following items , Contractor may submit its final invoice . 1 . Notarized and corporate sealed Final Release of Liens from all sub-contractors and suppliers . 43 12/1/2009 3:45:46 PM