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Article III Third Party Contracts 8 (M) The Grantee and the Owner agree that nothing contained In this Agreement shall preclude enforcement by the Federal Government of the Grant Agreement, civil rights statutes, or other provisions of law that apply to the HDG program. (N) In the event that the HDG will be invested in an account for the purpose of making a periodic assisted rental payment, the Owner shall have agreed to a project investment account (PIA) in accordance with section 9.03(e) of the Grant Agreement, evidence of which shall be included in this Agreement as Attachment K. This subsection applies only where the HDG funds will be invested in an account for the purpose of making a periodic assisted rental payment. (0) Upon completion of the Project and resolution of any findings of the final audit, the Owner shall submit to the Grantee a written certification, in the format prescribed by HUD, executed by an authorized representative of the Owner, stating that all development - related activities required to be completed by the Owner in accordance with Exhibit C of the Grant Agreement and Attachment C of this Agreement have been completed consistent with the terms of the Grant Agreement, and specifying the date of completion and the actual cost to the Owner of labor, materials and necessary services for the construction of physical improvements for the Project. Section 3.1. Labor Standards All laborers and mechanics (except laborers and mechanics employed by a State and local government acting as the principal contractor on the Project) employed in the development of a Project assisted under the HDG program shall be paid wages at rates not less than those prevailing on similar construction in the locality, as determined by the Secretary of Labor in accordance with the Davis -Bacon Act, as amended, 40 U.S.C. 276a- 276a -5, and contracts involving their employment shall be subject to the provisions, as applicable, of the Contract Work Hours and Safety Standards Act, as amended, 40 U.S.C. 327 -333. The Grantee and the Owner shall comply with regulations issued under the Act and with other Federal laws and regulations pertaining to labor standards.