8.1. SR 06-03-2019 - Laserfiche WebLink

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W WASTE MANAGEMENT .4 whenever the cost for an allowance item is more than, or less than, the allowance, the Contract Price shall be adjusted accordingly by Change Order. The amount of the Change Order shall be the difference between actual costs and the amount of the allowance stated in the Contract Documents, and shall be offset against credits due to Owner in the amount of the allowance. Any Change Order which would result in an increase in the Contract Price shall be subject to the approval of the Owner's Authorized Representative, which approval shall not unreasonably be withheld. 9.4 Applications For Payment 9.4.1 Each month, not later than the tenth (10th) Day of the month, the Contractor shall submit to the Owner's Authorized Representative, an itemized Application for Payment for Work completed during the previous month. 9.4.2 The Application for Payment shall be supported by such data and documentation substantiating Contractor's right to payment (including evidence of payment of Subcontractors and Suppliers) as the Owner's Authorized Representative may require. Such documentation may include: .1 For any Project where Contractor does not provide a payment Bond, conditional Lien releases from all Subcontractors who are to be paid from the current pay application; and .2 Unconditional Lien releases from all Subcontractors up to and through the last pay application that Owner has paid. 9.4.3 Subject to provisions of the Contract Documents, the amount of each Application for Payment shall be compiled as follows: .1 The Contract Price of the Work completed from commencement of the Work through the end of the previous month, as determined by multiplying the number of units completed of each item of the Work by the Unit Price of that item, or by multiplying the percentage of completion of each portion of the Work by the Lump Sum Price allocated to that portion of the Work listed in the Schedule of Values, as applicable; .2 Plus that portion of the Contract Price, properly substantiated by certified copies of invoices and freight bills, for non-perishable materials and equipment not yet incorporated in the Work but delivered and suitably stored at the Site or at another location agreed to by the Owner's Authorized Representative in writing, for subsequent incorporation into the completed construction, less 15 percent; .3 Less retainage on the completed portion of the Work of 10%for progress payments through Substantial Completion of the Work; .4 Less any discounts Owner is entitled to take based on past, prompt payments as set forth in Article 9.7.2; .5 Less any amounts Owner is entitled to withhold under Article 9.6, any other article authorizing withholding of payments or any Applicable Laws; and .6 Less the total of previous payments made by Owner. 9.5 Recommendations or Payment 9.5.1 The Owner's Authorized Representative will, within ten (10) Days after receipt of Contractor's Application for Payment: .1 Issue a Recommendation for Payment for the full amount of the Application; or .2 Issue a Recommendation for Payment for a portion of the amount of the Application. In the event Owner's Recommendation for Payment is less than the full amount of the Application, Owner will notify Contractor of the reasons therefore in writing and request the Contractor to make corrections or provide additional information to substantiate the remaining portion. Contractor shall make the corrections and provide the additional information, and resubmit the Application for Payment for the remaining portion; or .3 Return the Application to the Contractor for corrections or additional information. Contractor shall make the corrections and provide the additional information and resubmit the Application for Payment; or .4 Decline to recommend payment on the basis of the provisions in Article 9.6. 29 Jun-17 Ver.2.0