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37 <br /> <br />Revised NETPLANNER v2 <br /> <br />after three (3) days written notice to the Contractor from the Designer, or from the Owner after <br />Final Payment, may perform or have performed that portion of the Work and may deduct the <br />cost thereof from any amounts due or to become due the Contractor. Notwithstanding any <br />action by the Owner under this paragraph, all warranties and bonds given or to be given by the <br />Contractor shall remain in effect or shall be given by the Contractor. <br /> <br />19.2 Should the cost of such action by the Owner exceed the amount due or to become due the <br />Contractor, the Contractor and his sureties shall be liable for and shall pay to the Owner the <br />amount of such excess. <br /> <br />ARTICLE 20. PARTIAL PAYMENTS <br /> <br />20.1 Within thirty (30) days after his initial receipt of the Construction Contract for signatures, <br />the Contractor shall submit to the Designer a Schedule of Values. The Schedule of Values shall <br />indicate the value of the Work, including applicable overhead and profit, for each Division and <br />section of the Project Specifications. The Designer and Owner shall be provided with the <br />Contractor's estimate papers, Subcontractor agreements, supplier quotes, or other documents <br />substantiating these values if so requested in writing by the Designer. The Contractor shall <br />provide the requested documentation within seven (7) days after receipt of the Designer's <br />written request. The Schedule of Values shall be subject to approval by the Owner, and if the <br />Owner and the Contractor cannot agree upon the Schedule of Values, the Designer shall <br />prepare it, and the Schedule of Values as prepared by the Designer shall be binding on the <br />Owner and the Contractor. No Request for Payment shall be certified by the Designer until the <br />Designer has issued approval of said Schedule of Values. <br /> <br />20.2 Not later than the fifth (5th) day of each calendar month the Contractor shall submit to the <br />Designer a Request for Payment for Work done during the previous calendar month. The <br />Request for Payment shall be in form of AIA Document G702 (latest edition) and shall show <br />substantially the value of Work done (including the value of material delivered to the Project or <br />stored by the Contractor at another site, subject to the conditions hereinafter set forth) during <br />the previous calendar month, and shall sum up the financial status of the Work with the <br />following information: <br /> <br />a) Total Contract Price, including any adjustment thereto made pursuant to the Contract <br />Documents. <br /> <br />b) Value of Work completed and materials properly stored to date. <br /> <br />c) Less amount retained. <br /> <br />d) Less previous payments. <br /> <br /> e) Current amount due. <br /> <br />f) Balance remaining. <br /> <br />The Contractor, upon request of the Designer, shall substantiate the request with invoices, <br />vouchers, payrolls, or other evidence. <br /> <br />DocuSign Envelope ID: 78B556CA-C028-4315-8EF4-948059C1C6F0DocuSign Envelope ID: E0C7DD5C-4FA6-4C9E-85B9-3CA337445269