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Prompt Payment Act In such event, payment and retainage provisions shall be governed applicable grant requirements and guidelines 5.04 Acceptance of Final Payment as Reieose A The acceptance by the CONTRACTOR of final payment shalt be and shall operate as a release to the OWNER from all claims and all liability to the CONTRACTOR other than claims in stated amounts as may be specifically excepted by the CONTRACTOR for all things done or furnished in connection with the work under this Agreement and for every act and neglect of the OWNER and others relating to or arising out of the work. Any payment, however, final or otherwise, shall not release the CONTRACTOR or its sureties from any obligations under this Agreement or the Request for Proposals ARTICLE 6 - INDEMNIFICATION 6.01 CONTRACTOR shall indemnify and hold harmless the OWNER. and its officers and employees, from liabilities, damages, losses arid costs, including, but not limited to. reasonable attorney's fees, to the extent caused by the negligence, recklessness, or intentional wrongful misconduct of the CONTRACTOR and persons employed or utilized by the CONTRACTOR in the performance of the Work ARTICLE 7 - CONTRACTOR'S REPRESENTATIONS 7,01 In order to induce OWNER to enter into this Agreement CONTRACTOR makes the following representations. A. CONTRACTOR has examined and carefully studied the Contract Documents and the other related data identified in the Request for Proposal documents B. CONTRACTOR has visited the Site and become familiar with and is satisfied as to the general, local, and Site conditions that may affect cost, progress, and performance of the Work C CONTRACTOR is familiar with and is satisfied as to all federal, state, and local laws and Regulations that may affect cost, progress, and performance of the Work. D CONTRACTOR has obtained and carefully studied (or assumes responsibility for having done so) all additional or supplementary examinations. investigations, explorations tests, studies, and data concerning conditions (surface, subsurface, and Underground Facilities) at or contiguous to the Site which may affect cost, progress, or performance of the Work or which relate to any aspect of the means, methods, techniques, sequences, and procedures of construction to be employed by CONTRACTOR, including applying the specific means, methods, techniques, sequences, and procedures of construction, if any, expressly required by the Contract Documents to be employed by CONTRACTOR, and safety precautions and programs incident thereto E. CONTRACTOR does not consider that any further examinations. investigations. explorations. tests. studies, or data are necessary for the performance of the Work at the Contract Pace. within the Contract Times, and in accordance with the other terms and conditions of the Contract Documents Page 3 of 7 P205