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CONTRACTOR until final completion and acceptance of all work to be performed by <br /> CONTRACTOR under the Contract Documents . Pursuant to Florida Statutes section <br /> 218 . 735( 8 )(b), fifty percent (50% ) completion means the point at which the County as <br /> OWNER has expended fifty percent (50% ) of the total cost of the construction services work <br /> purchased under the Contract Documents , together with all costs associated with existing <br /> change orders and other additions or modifications to the construction services work <br /> provided under the Contract Documents . <br /> 5 . 2 Pay Requests . Each request for a progress payment shall be submitted on the application <br /> for payment form supplied by OWNER and the application for payment shall contain the <br /> CONTRACTOR's certification . All progress payments will be on the basis of progress of the <br /> work measured by the schedule of values established , or in the case of unit price work <br /> based on the number of units completed . After fifty percent (50% ) completion , and pursuant <br /> to Florida Statutes section 218 . 735(8 )(d ), the CONTRACTOR may submit a pay request to <br /> the County as OWNER for up to one half ( 1 /2 ) of the retainage held by the County as <br /> OWNER , and the County as OWNER shall promptly make payment to the CONTRACTOR <br /> unless such amounts are the subject of a good faith dispute ; the subject of a claim pursuant <br /> to Florida Statutes section 255 . 05(2005) ; or otherwise the subject of a claim or demand by <br /> the County as OWNER or the CONTRACTOR . The CONTRACTOR acknowledges that <br /> where such retainage is attributable to the labor, services , or materials supplied by one or <br /> more subcontractors or suppliers , the Contractor shall timely remit payment of such <br /> retainage to those subcontractors and suppliers. Pursuant to Florida Statutes section <br /> 218 . 735(8 )(c)(2005) , CONTRACTOR further acknowledges and agrees that: 1 ) the County <br /> as OWNER shall receive immediate written notice of all decisions made by CONTRACTOR <br /> to withhold retainage on any subcontractor at greater than five percent (5% ) after fifty <br /> percent (50% ) completion ; and 2 ) CONTRACTOR will not seek release from the County as <br /> OWNER of the withheld retainage until the final pay request. <br /> 5 . 3 Paragraphs 5. 1 and 5 . 2 do not apply to construction services work purchased by the County <br /> as OWNER which are paid for, in whole or in part, with federal funds and are subject to <br /> federal grantor laws and regulations or requirements that are contrary to any provision of <br /> the Local Government Prompt Payment Act. In such event, payment and retainage <br /> provisions shall be governed by the applicable grant requirements and guidelines . <br /> 5 . 4 ACCEPTANCE AND FINAL PAYMENT : Upon receipt of written notice that the work is <br /> ready for final inspection and acceptance , the ENGINEER will promptly make such <br /> inspection and when the ENGINEER finds the work acceptable under the terms of the <br /> Contract and the Contract fully performed , the ENGINEER will promptly issue a final <br /> completion certificate stating that the work provided for in this Contract has been <br /> completed , and acceptance by the OWNER under the terms and the conditions thereof <br /> is recommended and the entire balance found to be due the CONTRACTOR , will be <br /> paid to the CONTRACTOR by the OWNER following County Commission approval of <br /> the final Contract payment . <br /> 5 . 5 Acceptance of Final Payment as Release . The acceptance by the CONTRACTOR of <br /> final payment shall be and shall operate as a release to the OWNER from all claims and <br /> 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 <br /> connection with the work under this Contract and for every act and neglect of the <br /> OWNER and others relating to or arising out of the work . Any payment, however, final or <br /> otherwise , shall not release the CONTRACTOR or its sureties from any obligations <br /> under the Contract Documents or the Payment and Performance Bonds . <br /> 00530-3 <br />