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Orange County Solid Waste <br />Scalehouse Building 01 29 00 -4 PAYMENT PROCEDURES <br />b.The owner receives beneficial occupancy or use of the project.However, <br />the owner may retain sufficient funds to secure completion of the project <br />or corrections on work.If the owner retains funds,the amount retained <br />shall not exceed two and one-half times the estimated value of the work <br />to be completed or corrected.Reduction in the amount of the retainage <br />on payments with the consent of the contractor's surety. <br />D.Match data of entries on the schedule of values and construction schedule.Include <br />amounts of change orders issued before last day of construction period covered by the <br />application. <br />E.The Engineer reserves the right to contact material manufacturers directly,without <br />contractor consent,to verify material invoices. Make material invoices available to the <br />Engineer upon his request from the contractor or material manufacturer. <br />F.When requesting payment for materials stored on site,submit with request an invoice for <br />the materials and a certificate of insurance showing proof of coverage for the materials <br />stored on site. Payment will be made only for stored materials. No payment will be <br />made for anticipated overhead and/or profit. <br />G.With each application for payment,also submit the following: <br />1.Unit Price Daily Logs:Submit copies of unit price daily logs and appropriate <br />change order forms with each application for payment unless no unit price work <br />was accomplished during the period covered by the application. <br />2.​​AIA G706​​ <br />3.​AIA G706A​ <br />H.At substantial completion,submit an application for payment showing 100%completion <br />for portion of the work claimed as substantially complete. Include documentation <br />supporting claim that the work is substantially complete. <br />I.At final completion,submit final application for payment with releases and supporting <br />documentation not previously submitted and accepted,including but not limited to the <br />following. Final payment not due until required documents have been submitted. <br />1.Project Closeout Submittals <br />2.​AIA G706​ <br />3.​AIA G706A​ <br />4.​AIA G707​ <br />END OF SECTION <br />Docusign Envelope ID: FA2D0569-6BCE-4E38-B3EE-9B3EFD09A753