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prepared by the Designer shall be binding on the CMAR and the Contractor. No Request <br />for Payment shall be certified by the CMAR until the Schedule of .Values has. been <br />approved by the Owner.. <br />20.2 Not later than the fifth (5th) day of each calendar month the Contractor shall submit to the <br />CMAR a -Request for Payment for Work done during the previous calendar month. 'The <br />Request for Payment shall be in form of AIA Document G702 (latest edition), or-other <br />published document approved by the CMAR, and shall show substantially the value of <br />Work done (including the value of material delivered to the Project or stored by the <br />Contractor at• another site,, subject to the conditions hereinafter set forth) during the <br />previous calendar 'month, and shall sum up the financial status of the Work with the <br />following information: <br />a) Total Contract .Price, including any adjustment thereto made pursuant .to the <br />Contract Documents. <br />b) Value of Work completed and materials properly stored to date. <br />c) Less amount retained. <br />d) Less previous payments. <br />e) Current amount due. <br />J) Contract Price balance remaining. <br />The Contractor, upon -request'* of the CMAR, shall substantiate the Request for Payment <br />with invoices, vouchers, payrolls', or other evidence.. <br />20.3 When payment is requested or made .on account of stored material's, such materials must <br />be stored on the Owners property or on such property otherwise designated in writing by <br />the Owner at such -places and in such a manner as may be designated by the CMAR. <br />However, if approved by the CMAR, and with permission in writing from the Designer and <br />Owner and under such circumstances as may be required by the CMAR and the Owner, <br />such materials may be stored ln'a bonded warehouse. Requests for Payment on account <br />of stored materials shall be accompanied by paid invoices, bills of sale, warehouse <br />receipts, or.' other documentary evidence establishing Owner's title to such materials, <br />evidence-that the stored materials are insured against loss and damage, and. such other <br />documentation as required by the CMAR. Responsibility for the quantity, quality, and <br />condition of such stored materials, whether stored on the Owner's property or away from <br />the Owner's property, shall .remain ' with the Contractor regardless of ownership or title. No <br />payment shall. be made on account of materials stored in a bonded warehouse unless the <br />Contractor has acquired written permission from the CMAR and the Owner for such storage <br />of materials and has complied'with all conditions set -forth in such permission regarding <br />such storage of materials in a bonded warehouse. <br />20.4 Any Request for Payment received by the CMAR on or before the fifth (5th) day of the <br />calendar month. shall be. certified for payment or returned for re-submission to the <br />Contractor on 'or before the fifteenth (15th) day of the calendar month.. The'CMAFTs <br />certification shall be for thei amount which was requested or that which the CMAR has <br />decided was justly due, and shall state in writing to the Contractor and Owner the reasons <br />for withhold ing'payment ofany or all of the amount requested. <br />20.6 The CMAR may. refuse* to certify all or part of any payment requested .for any <br />following -reasons: <br />GENERAL CONDITIONS FOR CM AT RISK PROJECT 35 of 42 JUNE 2007*ED'ITION <br />