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39 <br /> presentation of an original invoice from the contractor. Contractor should allow 21 <br /> business days for processing of the invoice for payment. <br /> 2. The contractor is entitled to request two partial payments and a final payment. The first <br /> partial payment may be requested when the work is 50% complete. The second partial <br /> payment may be requested when the work is 85% complete. When a payment is <br /> requested, the Rehabilitation Specialist will inspect the work within three days, determine <br /> percentage of job completion and calculate a payment based on 90% of the total work <br /> completed. <br /> 3. Following construction, the contractor and the Rehabilitation Specialist will meet with the <br /> Homeowner in a post-construction conference. At this conference the contractor will <br /> hand over all owner's manuals and warranties on equipment and materials to the <br /> homeowner and be available to answer homeowner questions. <br /> 4. Project Closeout: When the contractor declares the work complete, the Rehabilitation <br /> Specialist will thoroughly inspect the work. If any of the work is deemed unsatisfactory, <br /> it must be corrected prior to authorization of final payment. If the contractor fails to <br /> correct the work to the satisfaction of the County's Rehabilitation Specialist, payment <br /> may be withheld until such time as the work is deemed satisfactory. (Contractors may <br /> follow the County's Essential Single Family Rehabilitation Loan Pool Program <br /> Assistance Policy if a dispute occurs; however, contractors shall abide by the final <br /> decision as stated in the policy). The Homeowner, Project Administrator and <br /> Rehabilitation Specialist will sign off on the work. After receipt of the contractor's final <br /> invoice, inspections, certificate of completion and lien releases, the final payment will be <br /> ordered. All material and workmanship will be guaranteed by the contractor for a period <br /> of one-year from the date of completion of the work. <br /> 5. Orange County assures, through this policy, that adequate funds shall be available to pay <br /> the contractor for satisfactory work. <br /> 6. All contractors, sub-contractors and suppliers must sign a lien waiver prior to <br /> disbursement of funds. <br /> The Procurement and Disbursement Policies are adopted this the day of <br /> 20 . <br /> Orange County <br /> BY: <br /> ATTEST: <br /> CONTRACTORS STATEMENT: <br /> I have read and understand the attached Procurement and Disbursement Policy. <br /> BY: <br /> COMPANY NAME: <br /> WITNESS: <br />