Browse
Search
2020-865-E AMS-BAR Roofing and Maintenance Sportsplex roof repair
OrangeCountyNC
>
Board of County Commissioners
>
Contracts and Agreements
>
General Contracts and Agreements
>
2020's
>
2020
>
2020-865-E AMS-BAR Roofing and Maintenance Sportsplex roof repair
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/31/2021 12:18:53 PM
Creation date
8/31/2021 12:02:51 PM
Metadata
Fields
Template:
BOCC
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
275
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />Revised 07/20 <br /> <br /> <br />4 <br /> <br />(ii) The amount due for payment shall be ninety-five percent (95%) of the value of work <br />completed since the last Request for Payment and this amount shall be paid by the <br />Owner on or before the last business day of the month. Owner shall retain five percent <br />(5%) (the “Retainage”). <br /> <br />(1) Upon Owner’s Representative’s certification that fifty percent (50%) of the <br />Work has been satisfactorily completed Retainage shall be reduced to two and <br />one half percent (2½%). <br /> <br />(2) Upon Owner’s Representative’s certification that ninety percent (90%) of the <br />Work has been satisfactorily completed Retainage may be discontinued. <br />Retainage may be discontinued, at Owner’s Discretion, so long as work <br />continues to be completed satisfactorily and on schedule. <br /> <br />(iii) Final payment shall not be due to the Cont ractor until thirty (30) days after Final <br />Completion of the Work, including punch list work, has been satisfactorily (as <br />determined by the County) completed and an appropriate Affidavit, Indemnification, <br />and Release as required in Section 8(d) below has been received by Owner. <br /> <br />b. Should Owner reasonably determine that Contractor has failed to perform the Work related to <br />a Request for Payment, Owner, at its discretion may provide the Contractor ten (10) days to <br />cure the breach. Owner may withhold the accompanying payment without penalty until such <br />time as Contractor cures the breach. <br /> <br />(i) Should Contractor or its representatives fail to cure the breach within ten (10) days, or <br />fail to reasonably agree to such modified schedule, Owner may immediately terminate <br />this Agreement in writing, without penalty or incurring further obligation to <br />Contractor. <br /> <br />(ii) This section shall not be interpreted to limit the definition of breach to the failure to <br />perform the Work related to a Request for Payment. <br /> <br />c. The Contractor has included in the Contract Price and shall pay all taxes assessed by any <br />authority on the Work or the labor and materials used therein. It shall be the Contractor's <br />responsibility to furnish the Owner documentary evidence showing the materials used and <br />sales and use tax paid by the Contractor and each of its subcontractors. <br /> <br />d. Should the Owner receive notice that the Contractor has failed to pay a Subcontractor for the <br />Work performed related to a Request for Payment, Owner shall have the authority to withhold <br />payment of the disputed amount until parties resolve their dispute. Failure to pay the <br />Contractor pursuant to this section of the Agreement shall not be deemed to be a breach of the <br />Agreement. <br /> <br />6. NON–APPROPRIATION <br /> <br />a. Contractor acknowledges that Owner is a governmental entity, and the validity of this <br />Agreement is based upon the availability of public funding under the authority of its statutory <br />mandate. <br /> <br />DocuSign Envelope ID: BFF4747D-7578-438D-BADC-CFCAAE0ECD67
The URL can be used to link to this page
Your browser does not support the video tag.