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DocuSign Envelope ID: B94F2D40-3B3C-47A7-86C2-6F1 B4F92C62C <br /> SECTION 01 29 00 -PAYMENT PROCEDURES <br /> 8. Schedule Updating: Update and resubmit the Schedule of Values before the next Applications for Payment <br /> when Change Orders or Construction Change Directives result in a change in the Contract Sum. <br /> 1.3 APPLICATIONS FOR PAYMENT <br /> A. Each Application for Payment shall be consistent with previous applications and payments as certified by Architect <br /> and paid for by Owner. <br /> 1. Initial Application for Payment,Application for Payment at time of Substantial Completion, and final Application <br /> for Payment involve additional requirements. <br /> B. Payment Application Times: The date for each progress payment is indicated in the Owner/Contractor Agreement. <br /> The period covered by each Application for Payment starts on the day following the end of the preceding period <br /> and ends 15 days before the date for each progress payment. <br /> C. Payment Application Forms: Use AIA Document G702 and AIA Document G703 Continuation Sheets as form for <br /> Applications for Payment. <br /> D. Application Preparation: Complete every entry on form. Notarize and execute by a person authorized to sign legal <br /> documents on behalf of Contractor.Architect will return incomplete applications without action. <br /> 1. Entries shall match data on the Schedule of Values and Contractor's Construction Schedule. Use updated <br /> schedules if revisions were made. <br /> 2. Include amounts of Change Orders and Construction Change Directives issued before last day of construction <br /> period covered by application. <br /> E. Transmittal: Submit an electronic copy of each Application for Payment, signed and notarized to the Architect by a method <br /> ensuring receipt within 24 hours.One copy shall include waivers of lien and similar attachments if required. <br /> 1. Transmit with a transmittal form listing attachments and recording appropriate information about application. <br /> 2. When an application shows completion of an item, submit final or full waivers. <br /> 3. Owner reserves the right to designate which entities involved in the Work must submit waivers. <br /> F. Initial Application for Payment: Administrative actions and submittals that must precede or coincide with submittal <br /> of first Application for Payment include the following: <br /> 1. List of subcontractors. <br /> 2. List of Products and Suppliers. <br /> 3. Submittals Schedule(preliminary if not final). <br /> 4. Schedule of Values. <br /> 5. Contractor's Construction Schedule(preliminary if not final). <br /> 6. List of Contractor's staff assignments with qualifications. <br /> 7. List of Contractor's principal consultants. <br /> 8. Copies of building permits. <br /> 9. Copies of authorizations and licenses from authorities having jurisdiction for performance of the Work. <br /> 10. Initial progress report. <br /> 11. Certificates of insurance and insurance policies. <br /> 12. Initial settlement survey and damage report if required. <br /> 13. North Carolina MWBE Form Appendix E per GS 143-128 required with each application for payment. <br /> G. Application for Payment at Substantial Completion: After issuing the Certificate of Substantial Completion, submit an <br /> Application for Payment showing 100 percent completion for portion of the Work claimed as substantially complete. <br /> 1. Include documentation supporting claim that the Work is substantially complete and a statement showing an <br /> accounting of changes to the Contract Sum. <br /> 2. This application shall reflect Certificates of Partial Substantial Completion issued previously for Owner <br /> occupancy of designated portions of the Work. <br /> H. Final Payment Application: Submit final Application for Payment in electronic format with releases and supporting <br /> documentation not previously submitted and accepted, including, but not limited, to the following: <br /> 1. Evidence of completion of Project closeout requirements. <br /> 2. Insurance certificates for products and completed operations where required and proof that taxes, fees, and <br /> similar obligations were paid. <br /> 3. Updated final statement, accounting for final changes to the Contract Sum. <br /> 4. AIA Document G706, "Contractor's Affidavit of Payment of Debts and Claims." <br /> 5. AIA Document G706A, "Contractor's Affidavit of Release of Liens." <br /> 6. AIA Document G707, "Consent of Surety to Final Payment." <br /> 7. Evidence that claims have been settled. <br /> ©BOOMERANG DESIGN#1835 01 29 00-2 510 Meadowlands Drive,Hillsborough, NC <br /> ORANGE COUNTY,NC 12/07/2018 <br />