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existing change orders and other additions or modifications to the construction services work provided under the Contract Documents. 5.2 Pay Requests. Each request for a progress payment shall be submitted on the application for payment form supplied by OWNER and the application for, payment shall contain the CONTRACTOR's certification. All progress payments will be on the basis of progress of the work measured by the schedule of values established, or in the case of unit price work based on the number of units completed. After fifty percent (50%) completion, and pursuant to Florida Statutes section 218.735(8)(d), the CONTRACTOR may submit a pay request to the County as OWNER for up to one half (1/2) of, the retainage held by the County as OWNER, and the County as OWNER shall promptly make payment to the CONTRACTOR unless such amounts are the subject of,ia:;good faith dispute; the subject of a claim pursuant to Florida Statutes section 255.05(2005); or otherwise the subject of a claim or demand by the County as OWNER or the CONTRACTOR:. The CONTRACTOR acknowledges that where such retainage is attributable to the labor, "services, or materials supplied by one or more subcontractors or suppliers, the Contractor shall timely remit payment of such retainage to those subcontractors and suppliers:'Pursuant; to Florida Statutes section 218.735(8) (c) (2005), CONTRACtdR:further acknowledges and agrees that: 1) the County as OWNER shall receive immediate written notice of all decisions made by CONTRACTOR to withhold retainage on any subcontractor at greater than five percent (5%) after fifty percent (50%) completion; and 2),;,,CONTRACT0R"wAll not seek release from the County as OWNER of .the withheld: retainage until ttie'final pay request. 5.3 Paragraphs 5.1 and 5.2 do nof;apply: to construction services work purchased by the County as OWNER which are paid. fog; ;'in. whole;'�or in part, with federal funds and are subject to federal grantor laws and".reguiations or 'requirements that are contrary to any provision of the Local. Government _l?rompt `Payment Act. In such event, payment and retainage provisions"shall;governed by`` , applicable grant requirements and guidelines- 5.4 ACCEPTANCE AND..FINALPAYMENT L' on receipt of written notice that the work is ready for fihalJinspection and'a'cceptance, the ENGINEER will promptly make such inspection and -,,when tfe_ ,ENGINEER finds the work acceptable under the terms of the ,Contract and the"`Contract fully.;:performed, the ENGINEER will promptly issue a final `,completion certificate''`"stating that the work provided for in this Contract has been `completed,. and acceptance by the OWNER under the terms and the conditions thereof is recorrimenid8.,and the'entire balance found to be due the CONTRACTOR, will be paid to the CONTRACTOR by, the OWNER following County Commission approval of the final Contract payment:'? 5.5 Acceptance of Final Payment as Release. The acceptance by the CONTRACTOR of final payment shall 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 Contract 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 the Contract Documents or the Payment and Performance Bonds. ARTICLE 6 INTEREST 00530-4 P179