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2000-380
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2000-380
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Last modified
8/20/2024 1:25:33 PM
Creation date
8/20/2024 1:19:06 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
12/19/2000
Control Number
2000-380
Agenda Item Number
11.C.2.
Entity Name
Tri Sure Corp.
Subject
Sebastian Water Assessment Project Phase 3A
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5.1.1 prior to Substantial Completion, progress will be <br />made in an amount equal to the leatheaggregate percentagen ted <br />below, but, in each case, <br />Of <br />payments previously made and less such amounts as <br />ENGINEER shall determine, or OWNER may withhold, in <br />accordance with Paragraph 14.7 of the General <br />Conditions. <br />90% of work completed. If work has been 90% <br />completed as determined by ENGINEER, and if the <br />character and progress of the work have been <br />satisfactory to OWNER and ENGINEER, OWNER, on <br />recommendation of ENGINEER, may determine that as <br />long as the character and progress of the work <br />remain satisfactory to them, there will be no <br />additional retainage on account of work completed, <br />in which case the remaining progress payments prior <br />to Substantial Completion will be in an amount <br />equal to 1008 of the work completed. <br />508 of materials and equipmentsuitably incorporated <br />in <br />and <br />the work (but delivered, Y <br />accompanied by documentation satisfactory to OWNER <br />as provided in Paragraph 14.2 of the General <br />Conditions). <br />5.1.2 Upon Substantial Completion in an amount sufficient <br />to increase total payments to CONTRACTOR to 1008 <br />of the Contract price, less such amounts as <br />ENGINEER shall determine, or OWNER may withhold, in <br />accordance with Paragraph 14.7 of the General <br />Conditions. <br />5,2 Final payment. Upon final completion and <br />acceptance of the work in accordance with Paragraph <br />14.13 Of the General Conditions, OWNER shall pay <br />the remainder of the Contract Price as reconmended <br />by ENGINEER as provided in said Paragraph 14.13. <br />Article 6. INTEREST. <br />Not Applicable. <br />Article 7. CONTRACTOR'S REPRESENTATIONS. <br />In order to induce OWNER to enter into this Agreement, CONTRACTOR <br />makes the following representations: <br />FA -4 <br />
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