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and further agrees to assume all risks in connection with the investment of the retained <br /> percentages in securities. <br /> Retainage will be released when all of the following conditions are satisfied: <br /> 1. Sixty (60) days have elapsed following the completion of all Work specified in the <br /> Contract;and <br /> 2. The Contractor fulfilled all of all obligations of the Contractor under the Contract, <br /> including, but not limited to, the Contractor's furnishing all documentation required <br /> by Contract and law; and <br /> 3. A release has been obtained from the Washington State Department of Revenue; and <br /> 4. Affidavits of Wages Paid for the Contractor and all Subcontractors are on file with the <br /> City(RCW 39.12.040); and <br /> 5. A release has been obtained from the Washington State Department of Labor & <br /> Industries and the Washington State Employment Security Department;and <br /> 6. All claims, as provided by law, filed against the retainage have been resolved. In the <br /> event claims are filed and provided the conditions one through five are met, the <br /> Contractor will be paid the retained percentage less an amount sufficient to pay any <br /> such claims together with a sum determined by the City sufficient to pay the cost of <br /> claims and attorney's fees. <br /> 1-09.11 Disputes and Claims <br /> Delete 1-09.11 and substitute the following: <br /> 1-09.11(1) Disputes <br /> (******) <br /> When a Dispute occurs during the Contract, the Contractor shall pursue resolution through the <br /> City's Representative. The Contractor shall follow the procedure outlined in section 1-09.11(2) <br /> CONTRACT CLAIMS herein and 1-08.3 PROGRESS SCHEDULE and 1-08.8 EXTENSIONS <br /> OF TIME for issues regarding the schedule and Contract Time. Timely and adequate Notice is a <br /> condition precedent to a Contract Claim. Timely and complete submission of a Contract Claim <br /> is a condition precedent to any entitlement by the Contractor to an adjustment of Contract Sum <br /> or Contract Time. Unless waived in writing by the City, mediation is a condition precedent to <br /> the filing of any lawsuit, action or proceeding that seeks to recover on a Contract Claim, <br /> whether in whole or in part. The costs of any such mediation will be borne equally by the <br /> parties. Unless otherwise agreed by the parties, the mediation shall take place in Everett, <br /> Washington. <br /> 1-09.11(2) Contract Claims , <br /> (******) <br /> 1-09.11(2)A General <br /> If the Contractor requests or believes for any reason that additional compensation or an <br /> extension of Contract Time is due it, including, but not limited to, breach of Contract or <br /> request for adjustment of Contract Sum or Contract Time, or if the Contractor has a <br /> Dispute with the City and wants the City to take some action, or refrain from taking <br /> action,the Contractor shall file a Contract Claim as provided in this section. A timely and <br /> complete Contract Claim is a condition precedent to any entitlement by the Contractor to <br /> an adjustment of Contract Sum or Contract Time. No Contract Claim shall be allowed <br /> unless the Contractor has given Notice. The Contractor waives any Contract Claim if: (a) <br /> Notice was not timely given; (b) the City's Representative is not afforded reasonable <br /> access by the Contractor to complete records, including, but not limited to, 111correspondence,job diaries, and actual cost and additional time incurred; (c) a Contract <br /> Claim is not timely filed as required by the Contract Documents; or (d) adequate, <br /> accurate, contemporaneous and segregated supporting time and expense records are not <br /> HAYES STREET REGULATOR February,2017 <br /> AND CSO CONTROLS (SRO1, SRO2,AND SRO3) <br /> WO No—UP3398-31 SP- 123 <br />