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ARTICLE 4-CONTRACT PRICE <br /> 4.01 OWNER shall pay CONTRACTOR for completion of the Work an amount in current funds equal to <br /> the sum of the amounts determined pursuant to paragraph 4.01.A and summarized in paragraph <br /> 4.01.B, below: <br /> A. For all Work,at the prices stated in CONTRACTOR's Bid,attached hereto as Exhibit 1. <br /> B. THE CONTRACT SUM subject to additions and deductions provided in the Contract Documents: <br /> Numerical Amount:$114,624.30 <br /> Written Amount: one hundred fourteen thousand,six hundred twenty four dollars and thirty <br /> cents. <br /> ARTICLE 5-PAYMENT PROCEDURES <br /> 5.01 Method of Payment <br /> Owner shall make only one payment for the entire amount of the contract when the work has been <br /> completed. Upon a determination of satisfactory completion, the COUNTY Project Manager will <br /> authorize payment to be made. All payments for services shall be made to the CONTRACTOR by the <br /> COUNTY in accordance with the Local Government Prompt Payment Act,as may be amended from <br /> time to time(Section 218.70, Florida Statutes,et seq.). <br /> 5.02 Acceptance of Final Payment as Release <br /> The acceptance by the CONTRACTOR of final payment shall be and shall operate as a release to the OWNER <br /> from all claims and all liability to the CONTRACTOR other than claims in stated amounts as may be <br /> specifically excepted by the CONTRACTOR for all things done or furnished in connection with the <br /> work under this Agreement and for every act and neglect of the OWNER and others relating to or <br /> arising out of the work. Any payment, however, final or otherwise, shall not release the <br /> CONTRACTOR or its sureties from any obligations under this Agreement,the Invitation to Bid or the <br /> Public Construction Bond. <br /> ARTICLE 6-INDEMNIFICATION <br /> 6.01 CONTRACTOR shall indemnify and hold harmless the OWNER,and its officers and employees,from <br /> liabilities,damages,losses and costs,including,but not limited to,reasonable attorney's fees,to the <br /> extent caused by the negligence, recklessness, or intentional wrongful misconduct of the <br /> CONTRACTOR and persons employed or utilized by the CONTRACTOR in the performance of the <br /> Work. <br /> ARTICLE 7-CONTRACTOR'S REPRESENTATIONS <br /> 7.01 In order to induce OWNER to enter into this Agreement CONTRACTOR makes the following <br /> representations: <br />