Orange County NC Website
6 <br /> provided in Subparagraph 7.3.7 of the General Conditions even though the Contract Suva has not yet been <br /> adjusted by Change Order, <br /> 6.6.2 Add that portion oft*Cantraat Sum properly allocable to mfftetialr sad equip==delivered and suitably <br /> stored at the site for subsequent incorporation in the completad construction(or,if approved Its advance by the <br /> Owner,suitably stored off the site at a location agreed upon in writin" Ins rstainsge of Ten percent(IQyG� <br /> 6.6.3 Subtract the aggregate of pmt payer tuade by the Owner,turd <br /> 6.6.4 Subtract amounts, if any, for wbkb the Architect has withheld or nullified a Certificate for payment as <br /> provided in Paragraph 93 of tM General Cooditiotta. <br /> 6.7 'face progress payment amount doomnined is accordance with Pwsgmpb 5.6 sliall be further modifled under <br /> the following circumstances: <br /> 6.7.1 Add, upon Subsumdal Compledoa of the Wodr. a sum sufficient to increase the total payment;to Niucty. <br /> pest(22-?6)of the Coasters Sum, lean such amounts as ft Arohitiaet shall detamine for incomplete Work and <br /> unsetdad claims;and <br /> 6.7.2 Add, if final catapladon of the Work is tbcrpRor maseriany delayed throuo no shalt of the Contractor, <br /> any additional amotmts parable in seieotdamce with Subparagraph 9.103 of the Cynaral Conditions. <br /> 5.8 Reduction or limbadoo of rwiea6e,if any.shall be as fallowa: <br /> (If it At ln►eude{ prier to Sl"tesew comp stow of flu swore Work to red6w or!limit At reeri the <br /> pereemases ineerted(w SmbpoopwgiAt$.&I and 112 above, and►A&is suet dw nowtte� mni m, <br /> Mfg"krpe provtsto w jor iwh++dowse or Nm�r ) �sLt�litrm is t�4 Cvtraitt Dwecemaprs, <br /> A�rtc�1? s <br /> FINAL PAYMENT <br /> Final payment, conrtltuting the entire unpaid balance of tfte Contrast Stan.shell be made by the Owner to the <br /> Contractor when (1) the Coattsot has been !ally performed by the Contractor except for the Contractor's <br /> responsibility to carnet nastootnfaming Work as provided In Subparagraph 12.2.2 of the General Conditions and <br /> to satisfy other requutemeeb.if airy. which noensarily survive flea!paymwa; and(2)a floe! CmtiBcaw for <br /> Payment has been issued by dw Arehidcr such final payment"be zaede by the Owner not mote than 30 days <br /> after the issuance of the A kfieds ftai CardBetme for payMAjg,or as fellow;: <br /> ESE tk 9e51uit0e0 MAN G29M Deee_rHUM <br /> ARTICLE 7 <br /> MWELLANEOU3 PROV13IONS <br /> 7.1 Where mfereooe is Wade in tlda Agrasmeot to a provision of dw Q#Wnai Coaditio"or another Contract <br /> Daeument,the refMace reho to dw provision as ameaded or wpplemeated by wiser provisions of the Contract <br /> Docwuents. <br /> 7.2 Payments due and unpaid under the Conract shall best Iaterest from the dart payment is due st the rate <br /> stated below, or in the absence tbsreof. at the legal rate prevailing troth time to time at the place where the <br /> Project is located. <br /> (insert rats of inrerrs►AV "pelt fralgr,) <br /> Prime Rate as RtMined by WadmMa Bank.Aalei&Naft Qkmilw <br /> (Usury laws and revairewtow mmdtr As Federol rr"►h In iAmedlng Act. ttwttlw stair our!letel eouaawer ersdlt lairs awd omer <br /> reguiatious at the owmes null Carom r"hiv's prAoeiW places of busirmi" AS taeadow 4(7Ae pr"t end e/stwhtrt way 4Qaet the <br /> valldtty of this proruie/w. Leeel adbW shoeld Oo obtained with respect to dt/edear or eradvkAwons. and also rgardlep <br /> AM t117t:Ne"7�T Ala-o AGmt/�)rT.'tti1�}TN ietTla"-AIA.CtntYlNWT low.r"a AMINCAel mt>;MM d ASCIa4sCT!ins new <br /> Yaept AVWV2.11.W.WAi1011007001.1 L MIN.UM WAND MOc Uniiews d 0 rp VWa"U.S.GesvrIft to"Yei5061Mabad pwwiis.Ilk d..w+rt+.W <br /> .It�.iedl,/ffneise"604V l'rr..amw 11"1100114 wi—e.rwilumbst-kbm V1YiM writ t N'1gr. <br /> Etcctrooic IJotummt Service A 101-1987 4 <br />