Pellco Construction, Inc. 6/22/2016

1 1 Q9 9(Pa meets; R4TF 2 1-09.9 Payments 3 (March 13, 2012 APWA GSP) 4 5 Delete the first four paragraphs and replace them with the following: 6 7 The basis of payment will be the actual quantities of Work performed according to the 8 Contract and as specified for payment. 9 10 The Contractor shall submit a breakdown of the cost of lump sum bid items at the 11 Preconstruction Conference, to enable the Project Engineer to determine the Work 12 performed on a monthly basis. A breakdown is not required for lump sum items that 13 include a basis for incremental payments as part of the respective Specification. Absent 14 a lump sum breakdown, the Project Engineer will make a determination based on 15 information available. The Project Engineer's determination of the cost of work shall be 16 final. 17 18 Progress payments for completed work and material on hand will be based upon 19 progress estimates prepared by the Engineer. A progress estimate cutoff date will be 20 established at the preconstruction conference. 21 22 The initial progress estimate will be made not later than 30 days after the Contractor 23 commences the work, and successive progress estimates will be made every month 24 thereafter until the Completion Date. Progress estimates made during progress of the 25 work are tentative, and made only for the purpose of determining progress payments. 26 The progress estimates are subject to change at any time prior to the calculation of the 27 final payment. 28 29 The value of the progress estimate will be the sum of the following: 30 1. Unit Price Items in the Bid Form —the approximate quantity of acceptable units of 31 work completed multiplied by the unit price. 32 2. Lump Sum Items in the Bid Form — based on the approved Contractor's lump sum 33 breakdown for that item, or absent such a breakdown, based on the Engineer's 34 determination. 35 3. Materials on Hand — 100 percent of invoiced cost of material delivered to Job site 36 or other storage area approved by the Engineer. 37 4. Change Orders —entitlement for approved extra cost or completed extra work as 38 determined by the Engineer. 39 40 Progress payments will be made in accordance with the progress estimate less: 41 1. Retainage per Section 1-09.9(1), on non FHWA-funded projects; 42 2. The amount of progress payments previously made; and 43 3. Funds withheld by the Contracting Agency for disbursement in accordance with the 44 Contract Documents. 45 HAWTHORNE ELEMENTARY SAFE ROUTES TO SCHOOL FED AID#SRTS-0420(021);COE#3540 SP-63 March 16,2016