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� PORT OF EVLRE'IT SECTION 00 i00 <br /> 12T" ST.RL-ET?�I.�.RI\'A—VOLLT�IL- 1:hI,aRI�1E�VORK GE\�R�I.CONP.ITIO\'S <br /> � <br /> :1RTICLE 12 PA]"�IENTS 7'O CO\TRACTOR tL�D COnIPLETION <br /> � 12.1 ScLedules <br /> i At least ten(f 0)days prior to submitting d�e first Application for a progress pa}Tnent, CONTRAC i OR <br /> J shall (except as othenvise specified in the General Requirements)submit to ENGPVEER a progress <br /> schedulc,a final schedule of Shop Drawing subnilssion and w'here applicable a schedule of��slues of the <br /> �Vork. These schedules sliall be satisfactory in form and substance to ENGINEER. 'Ihe schedule of values <br /> shall include quantities and prices aggreg�ting the Contract Price,and shall subdivide d�e\Vork into <br /> ; componen[parts in sufficient detail to serv'e as the basis Cor proeress pa}'ments during construction. Upon <br /> acceptance of the schedule of values by ENGI?VEER, it shall be incorporated into a form of:�pplication for <br /> Payment acceptable to ENGINEER. <br /> I <br /> 12.? Applicatinn far Progress P:ipmcnt . <br /> i CONTRACTOR shall submit to ENGINEE-R for reciew an Application for Pa}7ncnt on a montlily basis, <br /> filled out and signed by CONTRACTOR cocering the\Vork completed as of the last day of the precedine <br /> c�lendar month. 'Ilre closeout d;ite for each progress pa}anent period shall bc the last day of the month. <br /> Il�e application shall be accompanied by such supparting documentation as is rzquired by the Contract <br /> � Documents and also as LNGINLER may reason�bly require. If payment is requested on the basis of <br /> � materials and equipment not incorporated in the Work 5ut deli�•ered and suitably stored at the site or at <br /> another loca[ion agrced to in writing, d�e.qpplication for Pavment sl�all also be accompanied by such data, <br /> � satisfacrory to PORT,as will establish PORT's title to the material and equipment and protzct PORT's <br /> . interest IUercin, including applicaUle insurance. Each subsequent Application for Pa}ment shall include an <br /> affidavit of CON'IRACTOR stating tlmt all precious proeress paymen[s received on accoum of the�Vork <br /> r� have been applied to discharge in full all oCCONTRACTOR's obligations re0ected in prior.4pplications <br /> � for Payment. Rctainagc, if any,will be as stipulaled in paraeraph 1?.3. <br /> 1?.3 Retainade <br /> ; TUe rclainage percent amounts �aithl�eld from progress paymznts are sho��n belo�v and are expressed on a <br /> percentage of[he�vork completed W date, includin�materials and equipment stored on the project site but <br /> not yet incorporated into the�vork. <br /> i <br /> Retainace Percent��f\Vork Complete <br /> �% 0 to 100'.',0 <br /> � <br /> i <br /> � 12.4 CONTI2ACTOR's�1':irr:mty af 1'itic <br /> d CON'TR.ICTOR warrants and guarantees that ti�le w all \\'ork.matznals and equipment co�zred by any <br /> Y Application for I'ayment,whe�her incotporzted in Ihe Projzct or noi,�rill pass to YORT a[the time oC <br /> � pa}inent free and clear of all licns,clauns,securiry intcre�ts and encumbrances(hereafier in these General <br /> Conditior�s rcferred to as "Liens"). <br /> � I?.� Revierr of Applicatiuns (or Progress Payment <br /> 12.5.1 L•NGI;�IELR will,within ten(10)days aher receipt of each:�pplication for Payment,ei[her <br /> indicate in a�iein a recortunenda[ion of a ment and rzsent the A lication to PORT or return <br /> I B P 1 P PP � <br /> the Application to COVTR4CTOR indicating in writing ENGINEER's reasons for refusine ro <br /> � . recommend payment. In the latter case,CONTR4CT012 may make the necessary corrections and <br /> resubmit the Application. PORT shall,�ritliin twenty(20)days of presentation ro it of the <br /> Application for Pa}anznt with ENGINEER's reconunendation,pay CON7R�CTOR tlic amount <br /> recunv,�endzd. <br /> J <br /> � oo-oo - ss <br />