1998 S Purchasing - - Warren Hay Mechanical Contractor's Inc - Court Street Annex HVAC Replacement 04-07-1998-9g

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ARTICLE 6 FINAL PAYMENT Final payment, constituting the entire unpaid balance of the Contract Sum, shall be made by the Owner to the Contractor when (1) the Contract has been fully performed by the Contractor except for the Contractor'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 final payment; and (2) a final Certificate for Payment has been issued by the Architect; such final payment shall be made by the Owner not more than 30 days after the issuance of the Architect's final Certificate for Payment, or as follows: ARTICLE 7 MISCELLANEOUS PROVISIONS 7.1 Where reference is made in this Agreement to a provision of the General Conditions or another Contract Document, the ref- erence refers to that provision as amended or supplemented by other provisions of the Contract Documents. 7.2 Payments due and unpaid under the Contract shall bear interest from the date payment is due at the rate stated below, or in the absence thereof, at the legal rate prevailing from time to time at the place where the Project is located. (Insert rate of interest agreed upon, ij any.) (Usury laws and requirements under the Federal Truth in Lending Act, similar state ar:d local consumer credit laws and other regulations at the Owner's mid Contractor's principal places of business, the location of the Project and elsewhere may ajject the validity ojth. is provision. Legal advice should be obtah:ed with respect to deletions or modifications, and also regarding requirements such as written disclosures or wai[~ers.) 7.3 Other provisions: ARTICLE 8 TERMINATION OR SUSPENSION 8.1 The Contract may be terminated by the Owner or the Contractor as provided in Article 14 of the General Conditions. 8.2 The Work may he suspended by the Owner as provided in Article 14 of the General Conditions. AIA DOCUMENT A101 • OW'NF.K-CONIRACI'OR AGREE.~1EN'I' • TWELP"I'tl F.DI"CIO ALAS • Glysi, rtle ,~~teku:.as l:arl~ I-re of a,kalrrf:crs. I -i; ve~~ ti t~kK .A~~f~.~l ~e. ~ vc_. u~.-„rll~cro~. t~_c _>n[[[a, A101-1987 5 WARNING: Unlicensed photocopying violates U. S. copyright laws and is subject to legal prosecution.