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Orange County West Campus Office Building -HVAC <br />PDC Project 23020 GENERAL CONDITIONS (INFORMAL <br />PROJECT)00 72 00 - 13 <br />FINAL PAYMENT WILL BE MADE WITHIN FORTY-FIVE (45)CONSECUTIVE DAYS AFTER <br />ACCEPTANCE OF THE WORK,RECEIPT OF MARKED-UP “AS-BUILT”DRAWINGS AND <br />SPECIFICATIONS AND THE SUBMISSION BOTH OF NOTARIZED CONTRACTOR'S AFFIDAVIT AND <br />FINAL PAY REQUEST.ALL PAY REQUESTS SHALL BE SUBMITTED TO THE DESIGNER/OWNER FOR <br />APPROVAL. <br />THE CONTRACTOR'S FINAL PAYMENT AFFIDAVIT SHALL STATE:"THIS IS TO CERTIFY THAT ALL <br />COSTS OF MATERIALS,EQUIPMENT,LABOR,SUBCONTRACTED WORK,AND ALL ELSE ENTERING <br />INTO THE ACCOMPLISHMENT OF THIS CONTRACT,INCLUDING PAYROLLS,HAVE BEEN PAID IN <br />FULL." <br />PAYMENTS WITHHELD <br />THE DESIGNER WITH THE APPROVAL OF THE OWNER MAY WITHHOLD PAYMENT FOR THE <br />FOLLOWING REASONS: <br />FAULTY WORK NOT CORRECTED. <br />THE UNPAID BALANCE ON THE CONTRACT IS INSUFFICIENT TO COMPLETE THE WORK IN THE <br />JUDGMENT OF THE DESIGNER. <br />TO PROVIDE FOR SUFFICIENT CONTRACT BALANCE TO COVER LIQUIDATED DAMAGES THAT WILL <br />BE ASSESSED. <br />THE SECRETARY OF THE DEPARTMENT OF ADMINISTRATION MAY AUTHORIZE THE WITHHOLDING <br />OF PAYMENT FOR THE FOLLOWING REASONS: <br />CLAIMS FILED AGAINST THE CONTRACTOR OR EVIDENCE THAT A CLAIM WILL BE FILED. <br />EVIDENCE THAT SUBCONTRACTORS HAVE NOT BEEN PAID. <br />WHEN GROUNDS FOR WITHHOLDING PAYMENTS HAVE BEEN REMOVED,PAYMENT WILL BE <br />RELEASED.DELAY OF PAYMENT DUE THE CONTRACTOR WITHOUT CAUSE WILL MAKE OWNER <br />LIABLE FOR PAYMENT OF INTEREST TO THE CONTRACTOR AS PROVIDED IN G.S.143-134.1.AS <br />PROVIDED IN G.S.143-134.1(E),THE OWNER SHALL NOT BE LIABLE FOR INTEREST ON PAYMENTS <br />WITHHELD BY THE OWNER FOR UNSATISFACTORY JOB PROGRESS,DEFECTIVE CONSTRUCTION <br />NOT REMEDIED,DISPUTED WORK,OR THIRD-PARTY CLAIMS FILED AGAINST THE OWNER OR <br />REASONABLE EVIDENCE THAT A THIRD-PARTY CLAIM WILL BE FILED. <br />MINIMUM INSURANCE REQUIREMENTS <br />THE WORK UNDER THIS CONTRACT SHALL NOT COMMENCE UNTIL THE CONTRACTOR HAS <br />OBTAINED ALL REQUIRED INSURANCE AND VERIFYING CERTIFICATES OF INSURANCE HAVE <br />BEEN APPROVED IN WRITING BY THE OWNER.THESE CERTIFICATES SHALL DOCUMENT THAT <br />COVERAGES AFFORDED UNDER THE POLICIES WILL NOT BE CANCELLED,REDUCED IN AMOUNT <br />OR COVERAGES ELIMINATED UNTIL AT LEAST THIRTY (30)DAYS AFTER MAILING WRITTEN <br />NOTICE,BY CERTIFIED MAIL,RETURN RECEIPT REQUESTED,TO THE INSURED AND THE OWNER <br />Docusign Envelope ID: 8DED1454-68D2-4E36-9FC6-E56FF2124E5D