LINE B-2-3 AND B-2-4 - Laserfiche WebLink

(10%) of the amount due. Requests submitted promptly as of the twentieth of the month will be paid normally by the tenth of the following month. The bidder's attention is directed to the provisions of Section 9 of the Standard Specifications and the following modification, all of which are applicable to this Contract: Upon receipt of written notice that the work is ready for final inspection and acceptance, the Engineer shall, within five (5) days, make such inspection, and when he finds the work acceptable under the Contract and the Contract fully performed, he will recommend to the City Council (at the next following Council meeting) that the Contract be accepted and a "Notice of Completion" be prepared and recorded. The final balance found to be due the Contractor, including the retained percentage, shall be paid to the Contractor by the City within fifteen (15) days after the expiration of thirty (30) days following the date of recordation of the NOTICE OF COMPLETION. Before the final payment is due, the Contractor shall submit evidence satisfactory to the Engineer that all payrolls, material bills, and other indebtedness connected with the work have been paid, except that in case of disputed indebtedness or liens, the Contractor may submit in lieu of evidence of payment, a surety bond satisfactory to the City guaranteeing payment of all such disputed amounts when adjudicated in cases where such payment has not already been guaranteed by surety bond. The making and acceptance of the final payment shall constitute a waiver of all claims by the City, other than those arising from any of the following: (1) unsettled liens; (2) faulty work appearing within twelve (12) months after final payment; (3) requirements of the specifications; or (4) manufacturer's guarantees. It shall also constitute a waiver of all claims by the Contractor, except those previously made and still unsettled. If after the work has been substantially completed, full completion thereof is materially delayed through no fault of the Contractor, and the Engineer so certifies, the City shall, upon certificate of the Engineer, and without terminating the Contract, make payment of the balance due for that portion of the work fully completed and accepted. Such payments shall be made under the terms and conditions governing final payment, except that it shall not constitute a waiver of claim. If the Contractor claims that any instructions by drawings or otherwise issued after the date of the Contract involved'extra cost under the Contract, he sh~ll give the Engineer written notice thereof within three (3) days after the receipt of such instructions, and in any event, before proceeding to execute the work except an emergency endangering life or property, and the procedure shall then be provided for changes in the work. No such claim shall be valid unless so made. CDS.I.6 32