2400 33RD ST 2018-01-02 MF Import

SECTION 01200 MEASUREMENT AND PAYMENT PROCEDURES c) At the time of submission of the Schedule of ialues, the Contractor shall provide to the Resident Engineer a certification signed by each major subcontractor (those having contract values greater than 5% of the Work). The certification shall state that the Contractor has communicated and coordinated with each major subcontractor in the development of the Schedule of Values, and that the major subcontractors agree to the requirements for timing and duration of activities as stated therein. d) Once the Schedule of Values is approved by Sound Transit, this schedule shall become the official Schedule of Values for progress payment processing. e) The Schedule of Values shall be cost -loaded and, for lump sum bid items, will be the basis for progress payment each month. (For unit price bid items, progress payments will be made according to the Contract Documents.) Cost components shall be assigned to each of the activities identified in Schedule of Values. The sum of the activity cost components shall equal the contract price. The cost of each activity shall be a portion of the lump sum price as it relates to each activity. The cost shall include labor, material, equipment, overhead and fee. Normally, cost for order/delivery activities will not be allowed. The cost of material and equipment shall be associated with the installation of such material and equipment unless otherwise required by the Resident Engineer. The total cost of all activities shall equal the lump sum bid price for the bid item or total contract as applicable. f) On material where the Contractor anticipates requesting payment in advance of installation, it shall be identified as a separate line item in the Schedule of Values. g) The cost -loaded Schedule of Values will be the basis of progress measurement for the contract. The Contractor shall show percent progress/payment due for each activity and the entire contract. As a part of the monthly updating of the CPM Progress Schedule, the Contractor shall generate a Schedule of Values report and a narrative of any changes that have occurred so that the Schedule of Values will truly reflect the status of the Work and the critical path. It) Any changes in the detailed CPM Progress Schedule shall be reflected in the Schedule of Values. 3. Applications for Payment: For each application for payment the Contractor shall submit, at a minimum, the following: a) A completed "Application and Certificate for Payment" form shall be submitted to the Resident Engineer each month, and be based on the work completed. b) Contractor's statement regarding payment of prevailing wages. c) Schedule update and supporting narrative, reports, and analysis as required by Section 01323 — Network Analysis Schedules. d) Certification that as -built drawings are current. e) "Affidavit of Amounts Paid to All Businesses'. f) "Monthly EEO/Apprentice Utilization Report". Capital Projects Commuter Rail 01200 - 2 IFB No. RTA/CP 21-06 Everett Station Phase 2 MEASUREMENT AND PAYMENT PROCEDURES