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Local Government Prompt Payment Act. In such event, payment and retainage provisions shall <br /> be governed by the applicable grant requirements and guidelines . <br /> 6 . 05 Acceptance of Final Payment as Release. <br /> A . The acceptance by the CONTRACTOR of final payment shall be and shall operate <br /> as a release to the OWNER from all claims and all liability to the <br /> CONTRACTOR other than claims in stated amounts as may be specifically <br /> excepted by the CONTRACTOR for all things done or furnished in connection <br /> with the work under this Contract and for every act and neglect of the OWNER <br /> 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 <br /> obligations under the Contract Documents or the Payment and Performance <br /> Bonds , <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 <br /> 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 <br /> the Work. <br /> C . CONTRACTOR is familiar with and is satisfied as to all federal, state , and local Laws <br /> and 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 <br /> conditions in or relating to existing surface or subsurface structures at or contiguous to <br /> the Site (except Underground Facilities) which have been identified in the <br /> Supplementary Conditions as provided in paragraph 4.02 of the General Conditions <br /> and (2) reports and drawings of a Hazardous Environmental Condition , if any, at the <br /> Site which have been identified in the Supplementary Conditions as provided in <br /> paragraph 4 . 06 of the General Conditions , <br /> E . CONTRACTOR has obtained and carefully studied (or assumes responsibility for <br /> having done so) all additional or supplementary examinations , investigations, <br /> explorations, tests, studies, and data conceming conditions (surface, subsurface, and <br /> Underground Facilities) at or contiguous to the Site which may affect cost, progress, or <br /> performance of the Work or which relate to any aspect of the means, methods, <br /> techniques , sequences, and procedures of construction to be employed by <br /> Agrcement.doc <br /> 00520 - 5 <br /> FAPumhasing%Bids1Z007-2008 FY (2008000)12008073 Paving and Drmimp knprvrenrentty 17th Lane SIN (Falcon Tram PwjwQ%ftmementdoc <br />