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6.03 Final Payment <br /> A. Upon final completion and acceptance of the Work in accordance with Paragraph 15.06 of the <br /> General Conditions,Owner shall pay the remainder of the Contract Price as recommended by <br /> Engineer as provided in said Paragraph 15.06, <br /> ARTICLE 7—INTEREST <br /> 7.01 All moneys not paid when due as provided in Article 15 of the General Conditions shall bear interest at <br /> the maximum rate allowed by law at the place of the Project. <br /> ARTICLE 8 CONTRACTOR'S REPRESENTATIONS <br /> 8.01 In order to induce Owner to enter into this Contract,Contractor makes the following representations: <br /> A. Contractor has examined and carefully studied the Contract Documents,and any data and reference <br /> items identified in the Contract Documents. <br /> B. Contractor has visited the Site,conducted a thorough,alert visual examination of the Site and <br /> adjacent areas,and become familiar with and is satisfied as to the general,local,and Site conditions <br /> that may affect cost, progress,and performance of the Work. <br /> C. Contractor is familiar with and is satisfied as to all Laws and Regulations that may affect cost, <br /> progress,and performance of the Work. <br /> D. Contractor has carefully studied all: (1)reports of explorations and tests of subsurface conditions at or <br /> adjacent to the Site and all drawings of physical conditions relating to existing surface or subsurface <br /> structures at the Site that have been identified in the Supplementary Conditions,especially with <br /> respect to Technical Data in such reports and drawings,and(2)reports and drawings relating to <br /> Hazardous Environmental Conditions, if any,at or adjacent to the Site that have been identified in the <br /> Supplementary Conditions,especially with respect to Technical Data in such reports and drawings. <br /> E. Contractor has considered the information known to Contractor itself; information commonly known to <br /> contractors doing business in the locality of the Site;information and observations obtained from <br /> visits to the Site;the Contract Documents;and the Site-related reports and drawings identified in the <br /> Contract Documents,with respect to the effect of such information,observations,and documents on <br /> (1)the cost,progress,and performance of the Work;(2)the means, methods,techniques, <br /> sequences,and procedures of construction to be employed by Contractor;and(3)Contractor's safety <br /> precautions and programs. <br /> F. Based on the information and observations referred to in the preceding paragraph,Contractor agrees <br /> that no further examinations, investigations,explorations,tests,studies,or data are necessary for the <br /> performance of the Work at the Contract Price,within the Contract Times,and in accordance with the <br /> other terms and conditions of the Contract. <br /> G. Contractor is aware of the general nature of work to be performed by Owner and others at the Site <br /> that relates to the Work as indicated in the Contract Documents. <br /> H. Contractor has given Engineer written notice of all conflicts,errors,ambiguities,or discrepancies that <br /> Contractor has discovered in the Contract Documents,and the written resolution thereof by Engineer <br /> is acceptable to Contractor. <br /> I. The Contract Documents are generally sufficient to indicate and convey understanding of all terms <br /> and conditions for performance and furnishing of the Work. <br /> J. Contractor's entry into this Contract constitutes an incontrovertible representation by Contractor that <br /> without exception all prices in the Agreement are premised upon performing and furnishing the Work <br /> required by the Contract Documents. <br /> Standard Form of Agreement <br /> ELKMMMU 134310 00 5200-3 <br /> 103 <br />