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RESOLUTION 2007-131 Inspection and approval of completed work must be conducted by the Housing Rehabilitation Specialist prior to the contractor's receiving partial or final payment. The owner's acceptance of the work is also required before payment is received. E. Change Orders Any additions to, deletions from, or changes in the rehabilitation contract work, time, or price must be approved in a written change order before the additional work is started. The change order is executed by the owner and contractor and is approved by the Housing Rehabilitation Specialist and the Community Development Director. Change order may be issued to correct code deficiencies or to obtain any other desired change in the work. CDBG funds can only be used for change orders that correct code violations. Other changes will be at the owner's expense. F. Payment Contracts of $10,000 or less will not be paid until the contractor has completed the job. Contracts in excess of $10,000 allow a partial payment upon satisfactory completion of 60% of the work, with a retainage of 20% of the completed amount. Completion of 61%-90% of the work allows a partial payment, less a retainage of 20% of the full contract amount. Depending on extenuating circumstances and contract balance, a second partial payment may be authorized at the recommendation of the Housing Rehabilitation Specialist, the Community Development Director, and the Administrator. Construction Completion Payment Schedule Percentage of Funds Paid Less than 60% 0% 60% 40% 100% 80% 100% After Certificate of Occupancy is issued and all punch list items are com leted Approval of a partial payment requires: a determination by the Housing Rehabilitation Specialist and the Community Development Director that the claimed percentage of completion of the work has been satisfactorily completed. Payment will be issued for the amount claimed less retainage depending on the physical progress as long as the contract funds remaining are sufficient to complete the work in the event of default by the contractor. 2. approval of work by the owner; and an affidavit from the contractor stating that either: (a) there are no claims -for unpaid goods and/or services connected with the job and all laborers, suppliers and subcontractors have received just compensation for their goods and services up to the date of the request (as evidenced by full or partial waiver of lien from subcontractors); or (b) a list of all unpaid parties and the amounts owed to each has been submitted with the request.. 12