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6 . 02 Progress Payments; Retainage <br /> A. OWNER shall make progress payments on account of the Contract Price on the basis of <br /> CONTRACTOR's Applications for Payment at intervals not less than once each month <br /> ' during performance of the Work as provided in paragraph 6 . 02 . A . 1 below. All such <br /> payments will be measured by the schedule of values established in paragraph 2 . 07 . A of <br /> the General Conditions (and in the case of Unit Price Work based on the number of units <br /> ' completed ) or, in the event there is no schedule of values , as provided in the General <br /> Requirements : <br /> ' 1 . Progress payments will be made in an amount equal to the percentage indicated <br /> below but , in each case , less the aggregate of payments previously made and less <br /> such amounts as ENGINEER may determine or OWNER may withhold , in accordance <br /> with paragraph 14 . 02 of the General Conditions : <br /> a . Ninety percent (90 % ) of Work completed (with the balance being retainage ) ; and <br /> b . Eighty percent (80% ) of cost of materials and equipment not incorporated in the <br /> Work but stored on the Project site (with the balance being retainage ) . <br /> 6 . 03 Final Payment <br /> A . Upon final completion and acceptance of the Work in accordance with paragraph 14 . 07 of <br /> the General Conditions , OWNER shall pay the remainder of the Contract Price as <br /> recommended by ENGINEER as provided in said paragraph 14 . 07 . <br /> ARTICLE 7 = INDEMNIFICATION <br /> 7 . 01 CONTRACTOR shall indemnify OWNER, ENGINEER , and others in accordance with <br /> paragraph 6 . 20 ( Indemnification) of the General Conditions to the Construction Contract , <br /> ARTICLE 8 = CONTRACTOR' S REPRESENTATIONS <br /> 8 . 01 In order to induce OWNER to enter into this Agreement CONTRACTOR makes the <br /> following representations : <br /> A. CONTRACTOR has examined and carefully studied the Contract Documents and the <br /> other related data identified in the Bidding Documents . <br /> B . CONTRACTOR has visited the Site and become familiar with and is satisfied as to the <br /> general , local , and Site conditions that may affect cost , progress , and performance of the <br /> Work . <br /> ' C . CONTRACTOR is familiar with and is satisfied as to all federal , state , and local Laws and <br /> Regulations that may affect cost , progress , and performance of the Work . <br /> ' D . CONTRACTOR has carefully studied all : ( 1 ) reports of explorations and tests of <br /> subsurface conditions at or contiguous to the Site and all drawings of physical conditions <br /> in or relating to existing surface or subsurface structures at or contiguous to the Site <br /> (except Underground Facilities ) which have been identified in the Supplementary <br /> Conditions as provided in paragraph 4 . 02 of the General Conditions and (2 ) reports and <br /> drawings of a Hazardous Environmental Condition , if any, at the Site which have been <br /> identified in the Supplementary Conditions as provided in paragraph 4 . 06 of the General <br /> Conditions . <br /> 0219-00520 - Agreement (Public Works ) .doc <br /> 00520 - 4 <br /> F :\Engineering\Capital Projects\0219-Kitching Station Trailhead\0219 Kitching-Contract Docs\0219-00520 - Agreement (Public Works).doc Rev. 05/01 <br />