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b. Upon Substantial Completion, Owner shall pay an amount sufficient to increase total payments to <br />Contractor to 95 percent of the Work completed, less such amounts set off by Owner pursuant to <br />Paragraph 15.01.E of the General Conditions, and less 100 percent of Engineer's estimate of the <br />value of Work to be completed or corrected as shown on the punch list of items to be completed or <br />corrected prior to final payment. <br />6.03 Final Payment <br />A. Upon final completion and acceptance of the Work in accordance with Paragraph 15.06 of the General <br />Conditions, Owner shall pay the remainder of the Contract Price as recommended by Engineer as provided in <br />said Paragraph. <br />ARTICLE 7 — INTEREST <br />7.01 Not used. <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 data and reference items <br />identified in the Contract Documents. <br />B. Contractor has visited the Site, conducted a thorough, alert visual examination of the Site and adjacent areas, <br />and become familiar with and is satisfied as to the general, local, and Site conditions that may affect cost, <br />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, progress, and <br />performance of the Work. <br />D. Contractor has carefully studied all: (1) reports of explorations and tests of subsurface conditions at or adjacent <br />to the Site and all drawings of physical conditions relating to existing surface or subsurface structures at the <br />Site, if any, that have been identified in the Supplementary Conditions, especially with respect to Technical <br />Data in such reports and drawings, and (2) reports and drawings relating to Hazardous Environmental <br />Conditions, if any, at or adjacent to the Site that have been identified in the Supplementary Conditions, <br />especially with respect to any 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 visits to the <br />Site; the Contract Documents; and the Site -related reports and drawings identified in the Contract Documents, <br />with respect to the effect of such information, observations, and documents on (1) the cost, progress, and <br />performance of the Work; (2) the means, methods, techniques, sequences, and procedures of construction to <br />be employed by Contractor,; and (3) Contractor's safety precautions and programs. <br />F. Based on the information and observations referred to in the preceding paragraph, Contractor agrees that no <br />further examinations, investigations, explorations, tests, studies, or data are necessary for the performance of <br />the Work at the Contract Price, within the Contract Times, and in accordance with the other terms and <br />conditions of the Contract. <br />Standard Form of Agreement <br />00 52 00-4 <br />