Granite Construction Company 5/24/2017

I 1 amount of the material incorporated into each of the various work items for the 2 month, and 3) the amount that should be retained in material on hand items. If I 3 work is performed on the items and the Contractor does not submit a letter, all 4 of the previous material on hand payment will be deducted on the estimate. 5 Partial payment for materials on hand shall not constitute acceptance. Any I 6 7 material will be rejected if found to be faulty even if partial payment for it has been made. 8 I 9 1-09.9(Payments).RTF 10 1-09.9 Payments 11 (March 13, 2012 APWA GSP) 12 I13 Delete the first four paragraphs and replace them with the following: 14 I15 16 The basis of payment will be the actual quantities of Work performed according to the Contract and as specified for payment. 17 18 The Contractor shall submit a breakdown of the cost of lump sum bid items at 19 the Preconstruction Conference, to enable the Project Engineer to determine the 20 Work performed on a monthly basis. A breakdown is not required for lump sum I 21 items that include a basis for incremental payments as part of the respective 22 Specification. Absent a lump sum breakdown, the Project Engineer will make a 23 determination based on information available. The Project Engineer's I 24 determination of the cost of work shall be final. 25 26 Progress payments for completed work and material on hand will be based upon I 27 progress estimates prepared by the Engineer. A progress estimate cutoff date 28 will be established at the preconstruction conference. 29 I 30 The initial progress estimate will be made not later than 30 days after the 31 Contractor commences the work, and successive progress estimates will be 32 made every month thereafter until the Completion Date. Progress estimates I 33 made during progress of the work are tentative, and made only for the purpose 34 of determining progress payments. The progress estimates are subject to 35 change at any time prior to the calculation of the final payment. I 36 37 The value of the progress estimate will be the sum of the following: 38 1. Unit Price Items in the Bid Form —the approximate quantity of acceptable I 39 units of work completed multiplied by the unit price. 40 2. Lump Sum Items in the Bid Form — based on the approved Contractor's 41 lump sum breakdown for that item, or absent such a breakdown, based on I 42 the Engineer's determination. 43 3. Materials on Hand — 100 percent of invoiced cost of material delivered to 44 Job site or other storage area approved by the Engineer. I 45 4. Change Orders —entitlement for approved extra cost or completed extra 46 work as determined by the Engineer. I HOT MIX ASPHALT OVERLAY 2017 MARCH 2017 I 37