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DocuSign Envelope ID:865881 C3-FBC1-4A19-8098-B2B092F29435 <br /> 38 <br /> cannot agree upon the Schedule of Values, the Owner's Authorized Representative shall <br /> prepare it, and the Schedule of Values as prepared by the Owner's Authorized Representative <br /> shall be binding on the Owner and the Design-Builder. No Request for Payment shall be <br /> certified by the Owner's Authorized Representative until the Owner's Authorized Representative <br /> has issued approval of said Schedule of Values. <br /> 19.2 Not later than the fifth (5th) day of each calendar month the Design-Builder shall submit to <br /> the Owner's Authorized Representative a Request for Payment for Work done during the <br /> previous calendar month. The Request for Payment shall be in form of AIA Document G702 <br /> (latest edition) and shall show substantially the value of Work done (including the value of <br /> material delivered to the Project or stored by the Design-Builder at another site, subject to the <br /> conditions hereinafter set forth) during the previous calendar month, and shall sum up the <br /> financial status of the Work with the following information: <br /> a) Total Contract Price, including any adjustment thereto made pursuant to the Contract <br /> Documents. <br /> b) Value of Work completed and materials properly stored to date. <br /> c) Less amount retained. <br /> d) Less previous payments. <br /> e) Current amount due. <br /> f) Balance remaining. <br /> The Design-Builder, upon request of the Owner's Authorized Representative, shall substantiate <br /> the request with invoices, vouchers, payrolls, or other evidence. <br /> 19.3 When payment is requested or made on an account of stored materials, such materials <br /> must be stored on the Owner's property at such places and in such a manner as may be <br /> designated by the Owner's Authorized Representative. However, in the sole discretion of the <br /> Owner, with permission <br /> in writing from the Owner's Authorized Representative and under such circumstances as may <br /> be determined by the Owner, such materials may be stored in a bonded warehouse. The <br /> location and conditions for storage of such materials away from the Owner's property in a <br /> bonded warehouse shall be within the sole discretion of the Owner. Requests for Payment on <br /> account of stored materials shall be accompanied by paid invoices, bills of sale, warehouse <br /> receipts, or other documentary evidence establishing Owner's title to such materials, evidence <br /> that the stored materials are insured against loss and damage, and such other documentation <br /> as required by the Owner's Authorized Representative. Responsibility for the quantity, quality, <br /> and condition of such stored materials, whether stored on the Owner's property or away from <br /> the Owner's property, shall remain with the Design-Builder regardless of ownership or title. No <br /> payment shall be made on account of materials stored in a bonded warehouse unless the <br /> Design-Builder has acquired written permission from the Owner for such storage of materials <br /> and has complied with all conditions set forth in such permission regarding such storage of <br /> materials in a bonded warehouse. <br /> Revised 2/17 <br />