1998 S Purchasing - Warren - Hay Mechanical Engineers Heat and Air Conditining System replacement 02-03-1998-9d

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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 (I) the Contract has been fully performed by the Contractor except for the Contractor's responsibility to correct nonconforming Work as provided in Subpazagraph 12.2.2 of the General Conditions and to satisfy other requirements, if any, which necessazily 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. (/nsert rate of interest agreed upon, ij any.) (Usury laws and requirements under the Federal Truth in Lending Act, similar state and local consumer credit laws and other regulatiora at the Owner's mzd Contractor's principal places of business, the location of the Project and elsewhere may ajject the validity ojthis provision. Legal advice should be obtained with respect to deletions or modifications, and also regarding requirements such as written disclosures or waivers.) 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 be suspended by the Owner as provided in Article 14 of the General Conditions. AtA DOCUMENT A101 • OW'VFR-COti"fRACTOR AGREF:~1F.tiT • TW'ELF'fH EI>ITIO\ • .41A ~ > 19H' THI{ AMF.RICAti INSTI'rl~'i F. OP' AKCIiITECTS. I~iS tiBVC~ YORK .AA'F~I~F. ~ u , ~X~A~IIISGTOX, D.C. 3000Ci A1t)1-1987 ~J WARNING: Unlicensed photocopying violates U.S. copyright laws and is subject to legal prosecution.