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<br />Fulton Street Pedestrian Bicycle Corridor PAGE 67 OF 114 CONTRACT <br />FEDERAL AID # TAP-0420(026) <br />WO #3785 September 6, 2024 <br /> <br />1-09.9(Payments).RTF 1 <br />1-09.9 Payments 2 <br />(July 8, 2024, APWA GSP, Option B) 3 <br /> 4 <br />Delete the fourth paragraph and replace it with the following: 5 <br /> 6 <br />Progress payments for completed work and material on hand will be based upon 7 <br />progress estimates prepared by the Engineer. A progress estimate cutoff date will be 8 <br />established at the preconstruction conference. 9 <br /> 10 <br />The initial progress estimate will be made not later than 30 days after the Contractor 11 <br />commences the work, and successive progress estimates will be made every month 12 <br />thereafter until the Completion Date. Progress estimates made during progress of the 13 <br />work are tentative, and made only for the purpose of determining progress payment. 14 <br />The progress estimates are subject to change at any time prior to the calculation of the 15 <br />Final Payment. 16 <br /> 17 <br />The value of the progress estimate will be the sum of the following: 18 <br />1. Unit Price Items in the Bid Form — the approximate quantity of acceptable units of 19 <br />work completed multiplied by the unit price. 20 <br />2. Lump Sum Items in the Bid Form — based on the approved Contractor’s lump sum 21 <br />breakdown for that item, or absent such a breakdown, based on the Engineer’s 22 <br />determination. 23 <br />3. Materials on Hand — 100 percent of invoiced cost of material delivered to Job site 24 <br />or other storage area approved by the Engineer. 25 <br />4. Change Orders — entitlement for approved extra cost or completed extra work as 26 <br />determined by the Engineer. 27 <br /> 28 <br />Progress payments will be made in accordance with the progress estimate less: 29 <br />1. Retainage per Section 1-09.9(1), on non FHWA-funded projects; 30 <br />2. The amount of Progress Payments previously made; and 31 <br />3. Funds withheld by the Contracting Agency for disbursement in accordance with the 32 <br />Contract Documents. 33 <br /> 34 <br />Progress payments for work performed shall not be evidence of acceptable performance 35 <br />or an admission by the Contracting Agency that any work has been satisfactorily 36 <br />completed. The determination of payments under the contract will be final in accordance 37 <br />with Section 1-05.1. 38 <br /> 39 <br />1-09.9(1).GR1 40 <br />Retainage 41 <br /> 42 <br />1-09.9(1).INST1.GR1 43 <br />Section 1-09.9(1) content and title is deleted and replaced with the following: 44 <br /> 45 <br />1-09.9(1).OPT1.GR1 46 <br />(June 27, 2011) 47 <br />Vacant 48 <br /> 49