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6.02 Progress Payments. <br /> A. The OWNER shall make progress payments to the CONTRACTOR on the basis of <br /> the approved partial payment request as recommended by ENGINEER in <br /> accordance with the provisions of the Local Government Prompt Payment Act, <br /> Florida Statutes section 218.70 et. seq. The OWNER shall retain ten percent <br /> ( 10%) of the payment amounts due to the CONTRACTOR until fifty percent <br /> (50%) completion of the work. After fifty percent (50%) completion of the work is <br /> attained as certified to OWNER by ENGINEER in writing , OWNER shall retain <br /> five percent (5%) of the payment amount due to CONTRACTOR until final <br /> r completion and acceptance of all work to be performed by CONTRACTOR under <br /> the Contract Documents. Pursuant to Florida Statutes section 218.735(8) (b) , fifty <br /> percent (50%) completion means the point at which the County as OWNER has <br /> 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 <br /> existing change orders and other additions or modifications to the construction <br /> services work provided under the Contract Documents. <br /> 6.03 Pay Requests. <br /> A. Each request for a progress payment shall be submitted on the application for <br /> payment form supplied by OWNER and the application for payment shall contain <br /> the CONTRACTOR'S certification . All progress payments will be on the basis of <br /> progress of the work measured by the schedule of values established, or in the <br /> case of unit price work based on the number of units completed . After fifty <br /> percent (50%) completion , and pursuant to Florida Statutes section <br /> 218.735(8)(d) , the CONTRACTOR may submit a pay request to the County as <br /> OWNER for up to one half ( 1 /2) of the retainage held by the County as OWNER, <br /> 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 <br /> claim pursuant to Florida Statutes section 255.05(2005) ; or otherwise the subject <br /> of a claim or demand by the County as OWNER or the CONTRACTOR . The <br /> CONTRACTOR acknowledges that where such retainage is attributable to the <br /> labor, services , or materials supplied by one or more subcontractors or suppliers , <br /> the Contractor shall timely remit payment of such retainage to those <br /> subcontractors and suppliers. Pursuant to Florida Statutes section <br /> 218.735(8) (c)(2005) , CONTRACTOR further acknowledges and agrees that: 1 ) <br /> the County as OWNER shall receive immediate written notice of all decisions <br /> made by CONTRACTOR to withhold retainage on any subcontractor at greater <br /> r than five percent (5%) after fifty percent (50%) completion ; and 2) <br /> CONTRACTOR will not seek release from the County as OWNER of the <br /> withheld retainage until the final pay request . <br /> r <br /> 6.04 Paragraphs 6 .02 and 6.03 do not apply to construction services work purchased by the <br /> County as OWNER which are paid for, in whole or in part, with federal funds and are subject to <br /> r federal grantor laws and regulations or requirements that are contrary to any provision of the <br /> Local Government Prompt Payment Act. In such event, payment and retainage provisions shall <br /> be governed by the applicable grant requirements and guidelines. <br /> r <br /> 00520 - Agreement (Public Works) REV 04-07 <br /> 00520 - 4 <br /> r C:\Da+xrenm trW SaninpsMnclsuphlinLLncal SeNnps\Tarypary IMamet Files\OLKSL0520 - Agreement (Pudic Works) REV 00-07.Eoc �/" <br />