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5.02 Pay Requests. A. On a form provided by the OWNER, each request for a progress 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 cane of unit price work based on the number of units completed. After fifty percent/ 0%) 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) th‘retainagerheideld by the County as OWNER, and the County as OWNER shall promptly make rm-ake parent to the CONTRACTOR unless such amounts are the subject of a good fait.,dli p,,ute;fthe subject of a claim pursuant to Florida Statutes section 255.05(2005);or otherwise the subject, f a claim or demand by the County as OWNER or the CONTRACTOR. The CONTRAefOR acknowledges that where such retainage is attributable to the labor, serrvrces, or materials supplied by one or more subcontract ro s`r suppliers, the CONTRAGTJ,ORshall timely remit payment of such retainage to th.o.se subcontractors and suppliers. Pursuant to Florida Statutes section 218.735(8)(c).(2005) CONTRACTOR further aCnowledges and agrees that: 1) the County as OWN'E, hall�receivie immediate\to written notice of all decisions made by CONTRACTOR tdwithhold retainage on any subcontractor at greater than five percent (5%) after fifty percent (50%)`completion; and/2) CONTRACTOR will not seek release from the County as.OWNER the withheld retainage until the final pay request. \.7 5.03 Paragraphs 5.01 and 5.02 do not apply to c nstruction ervices work purchased by the County as OWNER which are paid for, in whole or in\partw,ikederal`fu.,n?1s and are subject to federal grantor laws and regulations or requi�nents that arre contrary\to any provision of the Local Government Prompt Payment Act. In such event, aymenrtt nd reta mage provisions shall be governed by the applicable grant requirementsu nddelines. 5.04 Accepts Final Payment`as Re Cof. lease. A. The-ccept�''7.the CONTRACTOR of final payment shall be and shall operate as a releas to thOWNER ro,m all claims and all liability to the CONTRACTOR other than clam, inzisted 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. Anyypaymen1, however, final or otherwise, shall not release the CONTRACTOR or its sur-retres from any obligations under this Agreement, the Invitation to Bid or the Public Construction Bond. ARTICLE,6—PU.BUC,CONSTRUCTION BOND (4.,..:-._—:„.„.",.- 6.01 4.,..:`J'6.01 Within fifteen (15)days of receipt of the Contract Documents for execution,the CONTRACTOR shall furnish a Public Construction Bond in an amount equal to 100%of the Contract Price. If bid does not exceed$100,000, no Public Construction Bond will be required. A. In lieu of the Public Construction Bond,the CONTRACTOR may furnish an alternative form of security in the form of cash, money order,certified check,cashier's check, irrevocable letter of credit or a security as listed in Part II of F.S. Chapter 625. Any such alternative form of security 26