Agenda - 12-11-2007-4lxtr - Laserfiche WebLink

Browse Search

prepared by the Designer shall be binding on the CMAR and the Contractor, i~a Request far Payment shalt be certified by the CIV#AR until the Schedule of Values has been approved by the Owner. 20.2 Not later than the fifth {5th} day of each calendar month the Contractor shall submit to the CMAR a Request for Payment for Work done during the previous calendar month. The Request for Payment shall be in farm of AiA Documen# 0702 (latest edition), or other published document approved by the CMAR, and shalt show substantially the value of Work done {including the value of material delivered to the Project or stared by the Contractor at another site, subject to the conditions hereinafter set forth} during the previous calendar month, and shaft sum up the financial status of the Work with the following information: a) To#al Contract Price, including any adjustment thereto made pursuant to the Contract Documents. b} Value of Work completed and materials properly stored fo date. c) Less amount retained. d) Less previous payments. e} Current amount due. t) Contract Prlee balance remaining. The Contractor, upon request of the CMAR, shalt substantiate the Request for Payment with invoices, vouchers, payrolls, or other evidence. • "• -" ~ ~ ' 20.3 When payment is requested or made on account of stared materials* such ma#erials must be stared an the Owner's property or on such property otherwise designated in writing by the Owner at such places and in such a manner as may be designated by the CMAR. However, if approved by the CMAR, and with permission in wrl6ng from the Designer and • Owner and under such circumstances as may be .required by the CMAR and the Owner, such materials may be s#ored in a bonded warehouse. Requests for Payment on accounk of stored materials shall be accompanied by patd', invoices, bills 'of sate, warehouse receipts, or other documentary evidence. establishing Owner's title to such ma#ettais, evidence that the stored materials are Insured against toss and damage, and such other documen#ation as requtred by the CMAR. Respanslbility far tFre quantity, quality, and condition of such stored materials, whether stored on the Owner's property or 'away from the Owner's properly, sliali remain wikh the Contractor regardless of ownership or title. No payment shaft be made on account of materials stored to a banded warehouse unless the Contractor has acquired written permission from the CMAR and the Owner for such storage of materials and has complied with alt conditions set forth in such permission regarding such storage of materials in a bonded warehouse. 20.x. Any Request for Payment received by the CMAR on ar before the fifth {5th} day of the calendar month shall be cerkifisd for payment or returned for re-submission to the Contractor on ar, before the fifteenth (15th} day of the calendar month. The CMAR's certification shad be for the amount which was requested or that which the CMAR has dec"sded was justly due, and shalE state in v~lriting to.the Contractor and Owner the reasons far withholding payment of any or al! of the amount requested. 20.5 The CMAR may refuse to certify ail or part of any payment requested far any of the following reasons: GENEftAt CONf3tTlONS POR CM AT RtSK PROJECT 35 of 42 .TUNE 2007 Et3tTlOt~i