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(10%) of the payment amounts due to the CONTRACTOR until fifty percent (50%) completion of the work. After fifty percent (50%) completion of the work is attained as certified to OWNER by ENGINEER in writing, OWNER shall retain five percent (5%) of the payment amount due to CONTRACTOR until final completion and acceptance of all work to be performed by CONTRACTOR under the Contract Documents. Pursuant to Florida Statutes section 218.735(8)(b), fifty percent (50%) completion means the point at which the County as OWNER has expended fifty percent (50%) of the total cost of the construction services work purchased under the Contract Documents, together with all costs associated with existing change orders and other additions or modifications to the construction services work provided under the Contract Documents. 6.03 Pay Requests. A. Each request for a progress payment shall be subm payment form supplied by OWNER and the application the CONTRACTOR'S certification. All pr•gress payments progress of the work measured by the case of unit price work based on the percent (50%) completion, a 218.735(8)(d), the CONTRAC OWNER for up to one half ( and the County as OWNER unless such amounts claim pursuant to Flori of a claim or demand b CONTRACTOR acknowle labor, servic-, aterials the Contracts = timel subcontractors 218.7 8)(c)(200 the, . s OWN made than CONT thheld e application for yment sh ntain be on t= -"basis of or in the ed. After fifty Statutes section dule of values r of units o Florid ma omit ,. y re • >*" to the County as •f the rets age h?' ,� _„ County as OWNER, t promp ake pay " to the CONTRACTOR the :.;w, -c a' 'a good faith dispute; the subject of a 255.05(2005); or otherwise the subject OWNER or the CONTRACTOR. The such retainage is attributable to the 0 or more subcontractors or suppliers, ayment of such retainage to those Pursuant to Florida Statutes section R further acknowledges and agrees that: 1) hall reive immediate written notice of all decisions withhold retainage on any subcontractor at greater after fifty percent (50%) completion; and 2) seek release from the County as OWNER of the age until the final pay request. 6.04 Count w federal g tor laws a Local Government P be governed :6.03 do not apply to construction services work purchased by the a"paid for, in whole or in part, with federal funds and are subject to regulations or requirements that are contrary to any provision of the t Payment Act. In such event, payment and retainage provisions shall licable grant requirements and guidelines. 6.05 Acceptance of Final Payment as Release. A. 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 Public Construction Bond. 00520 - Agreement (Public Works) FOR LAP PROJECTS ONLY 00520 - 4 C.\Users\mnixonWppData\LocalWicrosoft\Windows\Temporary Internet Files \Content. Outlook\VARGF57U\00520 - Agreement (Public Works) FOR LAP PROJECTS ONLY.doc 60