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Numerical Amount: $92,600.00 <br /> Written Amount: Ninety-two thousand six hundred dollars and zero cents <br /> ARTICLE 5-PAYMENT PROCEDURES <br /> 5.01 Progress Payments. <br /> A. The OWNER shall make progress payments to the CONTRACTOR on the basis of the <br /> approved partial payment request as recommended by ENGINEER in accordance with the <br /> provisions of the Local Government Prompt Payment Act, Florida Statutes section 218.70 et. <br /> seq. The OWNER shall retain ten percent (10%) of the payment amounts due to the <br /> CONTRACTOR until fifty percent (50%) completion 'of the work. After fifty percent (50%) <br /> completion of the work is attained as certified to OWNER by ENGINEER in writing, OWNER <br /> shall retain five percent (5%) of the payment amount due to CONTRACTOR until final <br /> completion and acceptance of all work to be performed by CONTRACTOR under the Contract <br /> Documents. Pursuant to Florida Statutes section 218.735(8)(b), fifty percent (50%) <br /> completion means the point at which the County as OWNER has expended fifty percent <br /> (50%) of the total cost of the construction services work purchased under Request for <br /> Proposal Documents, together with all costs associated with existing change orders and <br /> other additions or modifications to the construction services work provided under the <br /> Contract Documents. <br /> 5.02 Pay Requests. <br /> A. Each request for a progress payment shall contain the CONTRACTOR'S certification. All <br /> progress payments will be on the basis of progress of the work measured by the schedule <br /> of values established, or in the case of unit price work based on the number of units <br /> completed.After fifty percent(50%)completion, and pursuant to Florida Statutes section <br /> 218.735(8)(d), the CONTRACTOR may submit a pay request to the County as OWNER for <br /> up to one half (1/2) of the retainage held by the County as OWNER, and the County as <br /> OWNER shall promptly make payment to the CONTRACTOR unless such amounts are the <br /> subject of a good faith dispute;the subject of a claim pursuant to Florida Statutes section <br /> 255.05(2005); or otherwise the subject of a claim or demand by the County as OWNER or <br /> the CONTRACTOR. The CONTRACTOR acknowledges that where such retainage is <br /> attributable to the labor, services, or materials supplied by one or more subcontractors <br /> or suppliers, the Contractor shall timely remit payment of such retainage to those <br /> subcontractors and suppliers. Pursuant to Florida Statutes section 218.735(8)(c)(2005), <br /> CONTRACTOR further acknowledges and agrees that: 1) the County as OWNER shall <br /> receive immediate written notice of all decisions made by CONTRACTOR to withhold <br /> retainage on any subcontractor at greater than five percent(5%) after fifty percent(50%) <br /> completion; and 2) CONTRACTOR will not seek release from the County as OWNER of the <br /> withheld retainage until the final pay request. <br /> 5.03 Paragraphs 5.01 and 5.02 do not apply to construction services work purchased by the County as <br /> OWNER which are paid for, in whole or in part, with federal funds and are subject to federal grantor laws <br /> and regulations or requirements that are contrary to any provision of the Local Government Prompt <br /> Page 2 of 7 <br /> 100 <br />