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CITY OF EVERETT SPECIAL PROVISIONS <br /> conditions governing final payment, except that it shall not constitute a waiver of <br /> claims. <br /> Acceptance of final payment by the Contractor, a Subcontractor or material or <br /> Equipment supplier shall constitute a waiver of Contract Claims by that payee, <br /> except those Contract Claims previously timely and completely submitted that <br /> remain pending at the time of final payment, provided that Contractor specifically so <br /> notifies the City in writing prior to the City making such final payment. Payment by <br /> the City shall not release the Contractor or its Surety from any obligation under the <br /> Contract or under the payment and performance bond. <br /> Upon completion of all Work and after final inspection, the amount due the <br /> Contractor under the Contract will be paid based upon the final estimate made by <br /> the Engineer and presentation of a Final Contract Voucher Certification signed by <br /> the Contractor. Such voucher shall be deemed a release of all claims of the <br /> Contractor unless a claim is filed in accordance with the requirements of 1-09.11 <br /> DISPUTES AND CLAIMS and is expressly excepted from the Contractor's <br /> Certification on the Final Contract Voucher Certification. <br /> 1-09.9(5) Back Charges to Contractor <br /> The Contractor shall pay the City on demand everything charged to it under the terms <br /> of this Contract. Such charges may be deducted by the City from money due or to <br /> become due to the Contractor under the Contract. The City may recover such charges <br /> from the Contractor or from its Surety. <br /> Contractor agrees to pay the costs of overtime or excessive inspection and observation <br /> costs incurred by the City. Overtime inspection shall include inspection required during <br /> Saturdays, Sundays, City holidays and weekdays in excess of 40 hours per week or <br /> outside of normal working hours and inspections or observations that result in an <br /> inspector or observer working more than 40 hours in a week. Costs of such overtime or <br /> excessive inspection or observation include architecture, engineering, construction <br /> management services, inspection, general supervision and overhead expenses that are <br /> directly chargeable to the overtime or excessive work. Contractor agrees that City will <br /> deduct such charges from payments due the Contractor. In the event the City issues a <br /> Change Order requiring the Contractor to work in excess of the established schedule of <br /> working hours, the City will not charge the Contractor for associated inspection costs. <br /> The Contractor shall be compensate the City for the actual costs of engineering, <br /> inspection, general supervision, right-of-way costs, permit fees, overhead expenses, <br /> and any other ascertainable direct costs to the City that are directly chargeable to the <br /> Work and that accrue during the period of such extension. The actual costs do not <br /> include charges for final inspection and preparation of the final payment by the City. <br /> 1-09.9(6) Retainage <br /> Pursuant to RCW Chap. 60.28, a sum of five percent of the monies earned by the <br /> Contractor will be retained from progress estimates. In addition to protecting the <br /> interests of those identified in RCW Chap. 60.28, such retainage will be used as a trust <br /> fund for the protection of the City. <br /> At the option of the Contractor, monies retained under the provisions of RCW 60.28 will <br /> be: <br /> 1. Retained in a fund by the City, or <br /> 2. Deposited by the City in an interest-bearing escrow account in a bank, mutual <br /> saving bank, or savings and loan association. Interest on monies so retained <br /> shall be paid to the Contractor in accordance with requirements of this <br /> Jackson Park Area Stormwater Separation <br /> WO No— UP3703 Division 1 —GENERAL REQUIREMENTS September 2020 <br /> SP—116 <br />