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ARTICLE S - PAYMENT PROCEDURES
<br />5.01 Method of Payment
<br />A. Due to the short duration allocated for this project, the OWNER shall make only one payment for
<br />the entire amount of the contract when the Work has been completed. Upon a determination of
<br />satisfactory completion, the OWNER's Project Manager will authorize payment to be made. All
<br />payments for services shall be made to the CONTRACTOR by the OWNER in accordance with the
<br />Local Government Prompt Payment Act, as may be amended from time to time (Section 218.70,
<br />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
<br />the OWNER from all claims and all liability to the CONTRACTOR other than claims in stated
<br />amounts as may be specifically excepted by the CONTRACTOR for all things done or furnished in
<br />connection with the work under this Agreement and for every act and neglect of the OWNER and
<br />others relating to or arising out of the Work. Any payment, however, final or otherwise, shall not
<br />release the CONTRACTOR or its sureties from any obligations under this Agreement, the Invitation
<br />to Bid or the 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 CONTRACTOR
<br />and persons employed or utilized by the CONTRACTOR in the performance of the 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 />A. CONTRACTOR has examined and carefully studied the Contract Documents and the other related
<br />data identified in the Invitation to Bid documents.
<br />B. CONTRACTOR has visited the Site and become familiar with and is satisfied as to the general, local,
<br />and Site conditions that may affect cost, progress, and performance of the Work.
<br />C. CONTRACTOR is familiar with and is satisfied as to all federal, state, and local Laws and Regulations
<br />that may affect cost, progress, and performance of the Work.
<br />D. CONTRACTOR has obtained and carefully studied (or assumes responsibility for having done so)
<br />all additional or supplementary examinations, investigations, explorations, tests, studies, and data
<br />concerning conditions (surface, subsurface, and Underground Facilities) at or contiguous to the
<br />Site which may affect cost, progress, or performance of the Work or which relate to any aspect of
<br />the means, methods, techniques, sequences, and procedures of construction to be employed by
<br />CONTRACTOR, including applying the specific means, methods, techniques, sequences, and
<br />procedures of construction, if any, expressly required by the Contract Documents to be employed
<br />by CONTRACTOR, and safety precautions and programs incident thereto.
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