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9.4.3 The Design -Builder will maintain a detailed, itemized, electronic spreadsheet to include identifiable references to the actual expense, in a format allowing readership in Microsoft Project or Primavera, of all reimbursable expenses submitted with each application for payment. 9.4.4 Whenever compensation is paid to the Design -Builder on a reimbursable basis, records as to the direct expense will be kept on a generally recognized accounting basis and will be submitted with each invoice. 9.4.5 Any compensation paid pursuant to a not -to -exceed amount will constitute full payment for all costs including, but not limited to, employee benefits, overhead, general administrative costs, profit and all other unallocated expenses. 9.4.6 The Design -Builder agrees to pay each subcontractor under this Contract for satisfactory performance of its agreement no later than 10 days from the receipt of each payment the Design -Builder receives from the Owner. The Design -Builder agrees further to release retainage payments to each subcontractor within 10 days after the subcontractor's work is satisfactorily completed and full payment, including retainage, has been made for that work by the Owner. Any delay or postponement of payment from the above -referenced time frame may occur only for good cause following written notice to the Owner. 9.4.7 With each invoice, the Design -Builder will submit an electronic Excel spreadsheet with an updated cash flow projection from the current invoice period through the end of the Project. ARTICLE 10 INSURANCE 10.1 DESIGN -BUILDER'S INSURANCE 10.1.1 Design -Builder must maintain the following limits and coverages uninterrupted or amended through the term of this Contract. In the event the Design -Builder defaults on any of the following requirements, the Owner reserves the right to take whatever actions deemed necessary to protect its interests. Required liability, other than Workers' Compensation/Employer's Liability and Professional Liability, will provide that the Owner, members of the Owner's governing body, and the Owner's officers, volunteers and employees are included as additional insureds. Design -Builder shall require that all subcontractors and subconsultants maintain insurance meeting all the requirements stated herein (except for professional liability insurance and environmental impairment insurance) with the sole exception that the Design -Builder shall determine the applicable limits of coverage and deductible amounts for its subcontractors and subconsultants and have all applicable policies endorsed to name the Owner, members of the Owner's governing body, and the Owner's officers, volunteers and employees named Additional Insureds. 10. 1.2 Workers' Compensation/ Employer's Liability Insurance The minimum limits of insurance (inclusive of any amount provided by an umbrella or excess policy) are: Part One: "Statutory" Part Two: Each Accident $1,000,000 Ixora Park Infrastructure Improvements 17