Agenda - 12-04-1995 - IX-A - Laserfiche WebLink

Browse Search

6 provided in Subparagraph 73.7 of tha General Conditions even though the Contract Sutra has not yet been adjusted by Change Order; 5.6.2 Add that portion of the Contract Sum property allocable to materials and equipment delivered and suitably stored at the site for subsequent Incorporation in the completed construction(or.if approved in advance by the Owner, suitably stored of the site at a locadoa agreed upon in writing),less retaiow of Tan percent L1,Q_'/i): 6.6.3 Subtract the aggregate of preview payments made by the Owner.and 5.6.1 Subtract amoasts, if say. for which the Architect has withheld or sullifred a Certificate for Payment as provided in Paragraph 9.S of the G=wral Conditions. 5.7 The progress payment amount determined In accordance with Paragraph S.d shall be fiuther modified under the following circumsiadces: 5.7.1 Add. upon Substantial Completion of the Work,a sum suffuent to immase the t*W payments to lyjgr�y percent(20 %)of the Contract Sum6 tare such arnearn as the Architect shall determine foot incomplete Work and unsettled cW mx and 6.7.2 Add, if finial completion of the Work is thereafter materially delayed tiuoagh raw fanh of the Contractor. any additional amounts payable la woordance with Subparagraph 9.10.3 of die General Conditions. 5.8 Reductian or limitation of retaiaage,if say,shalt be as follows: (flit it WCAWsd prtar 10 Sbbstsatld Costpletiaw if/the emhv stork to redree of liwit the retalrw rswlting ft em tier pereen[aW fi wH#d in Smbparagraplts S.&l acid 5.6.2 abew. and 1h&&Ant ssplal)ud ebewdow in 1AW Cantraet Docanonts. t+uarr herepro+taiomfiv sorb mdwdm or HM1kM10r<) Per the Re uirern fa of the Contract Dowtnetts. SOCA"01921 ARTIQt.E s FINAL PAYMENT Final payment,constituting the entire unpaid balance of the Contract Sam,shall be Made by the Owner to the Contractor when (1) the Contract has been fully performed by else Contractor except for the Contractor's responsibility to correct 0020Miormi —Work as provided in SubpsarxpWb 12.2.2 of the General Conditions and to satisfy other requinmests, if say,which necessarily survive fiaai payment;and(2) it final Certificate for Payment has been issued by the Architect;start$aril paytmeat ftil be inside by the Owner not more than 30 days after the issuance of the Architeds final Cartiftoato for PaymevL or as follows: Per the Regwre__Iggats of tlia Carttraet DttcusfM& ARTICLE 7 MISCELLANEOUS PROVISIONS 7.1 Where refereaee is wade in this Agreament to a provision of the Oenaral Conditions or another Contract Document,the refamce refers to that provision as anumded or supplemented by adw provisions of the Contract Documents. 7.2 Payments due sad unpaid under the Contract shall bear interest from the date payment is due at the rate stated below, or In the absepes thereof. at the legal rate prevailing from time to time at the place where the Project is located. anvarr rate of"Werest sword qN%K I/dev prime Rate W Dgt4rMiW&bX Wacb0la Bank.RAleitth,North h Carolina (Usury laws and requirealents wader the Federal rrwh in Lending Au.similar ethic self local collsuser credit lane end other regulations at the 0WWr'4 atnd CoMrWW's principal pfaees of brsinass, the/oration of tAw Project and e4ewilere lacy affect doe validity of this provfslan. Lgal advlar,rA*u1d be obtained with raspset to driettvnr or modljtcations, and dfo regarding A1A DOCUMENT A101.OWWA-CONMACTOA AGRUMrNT.TwEIFTN C09TI M-ASA-CO/'YtdQHT Het-TM A$wUKAM W TMM 0/AXWTWTI.14W WM YOltlt Avetlut,w a..WAiNiNG70M.D,C 7aME.f!!�L MARIaMe:WisrMl t 71M�iA1 U.i.•MTMrM l.w aM»WhiM to wo fir.TbW bolmew wN rKti..w•Er�.d.cd.alit 1Nw...M.r 1 HI/NIM re a.N..'.iwd.+w.rl.rt.i...wM 11n/N, Electronic Document Service A101-1997 4