91-1715 - Laserfiche WebLink

Browse Search

, ARTICLE 6 FINAL PAYMENT Final paymem, constituting the entire unp:lid balance of the Contract Sum, shall be made by the Owner to the ContJ"'.ACtor when (1) the Contr.act ha:i been fully performed by the Contractor except for the: Contr.&CtOr's responsibility to correct nonconforming Work as provided in Subparagraph 12.2.2 of the General Conditions and to satisfy other requirements, if any, which necessarily survive fmal paymem; and (2)X~OIJCD~AIIWC_~JUddJeII; such final payment sha1l be made by the Owner not more than 30 days after the issuance of the ~ final Ccrtiticate for Payment, or as follows: 10 Builder The final payment, including retainage will be due and payable upon substantial completion and certifioatibf occupancy issued by the City of Zephyrhills. With the agree~ of both owner and contractor, final payment for "Punch List" items not fully completed at time of Substantial completion, can be escrowed. Ow~ay not occupy the premises until Substantial Completion, Certif~of Occupancy, and final payment to contractor. . ARTICLE 7 MI~' LANEOUS PROVISIONS 7.1 Where reference is made in this Agreemem to a provision of the General Conditions or another Contract Docwnent, the ref- erence refers to that provision as amended or supplememed by other provisions of the Contract Docwnents. 7.2 Payments due and unpaid under the Comract shall bear interest from the date payment is due at the rate staled below, or in the absence thereof, at the legal rate prevailing from time to time at the place where the Project is located. (lnserl rult' of itllt'rf/SI ugrwd UpCJII, if an)'.) (Usury lull'S ulld rf/quirtmlt'lIls urukr IN Fl!deral Trulb 1'1 Lendlns ACI, slmllur slale and local consumer credil luws und OIber ",gulut/WlS ullbt' Ou'nt'r 's um' CUtllrlM:lur's pritl<'lpul PIIM:t'S uf businl!SS, 1bt'/IN:at/un of Ibt' Project will elSffIl>bc!rl! ma)' affee:t tbt' loaJUlII)' uf Ibis fJnR'isi/JIl. ug", w/l'lct'lib<Jllld bt' ublai,wd ",lib ",S/Jf!C1 (() df//f/t/om ur "Iudijkat/uns, alld ",so ",gardillg tlIqulremt'ms sucb lU "".III..n disclwures ur llWil<ers,) 7.3 Other provisions: . " ',- 8.1 The Comr.act may be terminated by the Owner or the Comractor as provided in Article 14 of the General Conditions. 8.2 The Work may be suspended by the Owner as provided in Article 14 of the General Conditions. ARTICLE 8 TERMIHAnON OR SUSPENSION AlA DOCUMENT A101 · OWNER.CONTKACTOR AGREEMENT. TWELFTH EOITtON . AlA- . C>19tl7 THE AMEfUCAN INSTITUTE OF ARCHITECTS. 17;\5 NEW YORK AVENUE, N.W., WASHINGTON, D.C. 20006 A101-1887 5