Orange County NC Website
ARTICLE 6 <br />FINAL PAYMENT <br />Final payment, constituting the entire unpaid balance of the Contract Sum, shall he made by the Owner to the Contractor when ( I ) <br />the Contract has been fully performed by the Contractor except for the Contractor's responsibility to correct nonconformin.p <br />Work ,1s provided in Subparagraph 12.2.2 of the General Conditions and to satisfy other requirements, if any, which necessarik- <br />survive final payment; and (2) a final Certificate for Payment has been issued by the Architect; such final payment shall he made b' <br />the Owner not more than 0 days after the issuance of the Architect's final Certificate for Payment, or as follows: <br />ARTICLE 7 <br />MISCELLANEOUS PROVISIONS <br />7.1 Whcre referenccr is made in this Agreement to a provision of the General Conditions or another Contract DOCUment, the rcf- <br />erence refers to that provision as amended or supplemented by other provisions of the Contract Documents. <br />7.2 Payments due and unpaid under the Contract shall bear interest from the date payment is due at the rate stared below. or in <br />the absence thereof, at the legal rate prevailing from time to time at the place where the Project is located. <br />(Insert titre of interest agreed upon, if.arp,.) <br />(Ustuy latt,s and requirements antler the Federal 7-rrab in tending Act, shnilarstale and local consumer credil lairs anal otber regulations al the Utrrrer's and <br />Contractor ;s principal places q(business, the location of lbe Project and elsetebere may affect the t-alidity rrf this provision- /,egad adr'ice should be obtained <br />tvitb respect to deletions or modifications, and also regarding regirirentertts sue b as tnritten disc'losrrres or trairers.) <br />7.3 Other provisions: <br />ARTICLE 8 <br />TERMINATION OR SUSPENSION <br />8.1 The Contract may be terminated by the Owner or the Contractor as provided in Article 14 of the General Conditions, <br />8.2 The Work may be suspended by the Ov: ner as provided in Article 14 of the Gencral Conditions. <br />AIA DOCUMENT A101 • OWNrR- CONTRACTOR AGREEMENT • TWELF11 I EDITION • AIA® • 901987 <br />THE AMEERICAN INSTITUTE OFARCHITLCTS, 17.45 NEw' 1'ORh AVENUE. N.W., W'ASHINCTON, I7.C. 20006 A101 -1987 5 <br />