Granite Construction Company 5/1/2018

items and the Contractor does not submit a letter, all I 1 items. If work is performed on the to 2 of the previous material on hand payment will be deducted on the estimate. Partial 3 payment for materials on hand shall not constitute acceptance. Any material will be I 4 rejected if found to be faulty even if partial payment for it has been made. 5 6 1-09.9(Payments).RTF 7 1-09.9 Payments 8 (March 13, 2012 APWA GSP) 9 1 10 Delete the first four paragraphs and replace them with the following: 11 I 12 The basis of payment will be the actual quantities of Work performed according to the 13 Contract and as specified for payment. 14 I 15 The Contractor shall submit a breakdown of the cost of lump sum bid items at the 16 Preconstruction Conference, to enable the Project Engineer to determine the Work 17 performed on a monthly basis. A breakdown is not required for lump sum items that I 18 include a basis for incremental payments as part of the respective Specification. Absent 19 a lump sum breakdown, the Project Engineer will make a determination based on 20 information available. The Project Engineer's determination of the cost of work shall be I 21 final. 22 23 Progress payments for completed work and material on hand will be based upon I 24 progress estimates prepared by the Engineer. A progress estimate cutoff date will be 25 established at the preconstruction conference. 26 I 27 The initial progress estimate will be made not later than 30 days after the Contractor 28 commences the work, and successive progress estimates will be made every month 29 thereafter until the Completion Date. Progress estimates made during progress of the I 30 work are tentative, and made only for the purpose of determining progress payments. 31 The progress estimates are subject to change at any time prior to the calculation of the 32 final payment. 33 Il 34 The value of the progress estimate will be the sum of the following: 35 1. Unit Price Items in the Bid Form —the approximate quantity of acceptable units of I 36 work completed multiplied by the unit price. 37 2. Lump Sum Items in the Bid Form — based on the approved Contractor's lump sum 38 breakdown for that item, or absent such a breakdown, based on the Engineer's 1 39 determination. 40 3. Materials on Hand — 100 percent of invoiced cost of material delivered to Job site 41 or other storage area approved by the Engineer. I 42 4. Change Orders — entitlement for approved extra cost or completed extra work as 43 determined by the Engineer. 44 45 Progress payments will be made in accordance with the progress estimate less: 46 1. Retainage per Section 1-09.9(1), on non FHWA-funded projects; 47 2. The amount of progress payments previously made; and I 48 3. Funds withheld by the Contracting Agency for disbursement in accordance with the 49 Contract Documents. 50 1 HOT MIX ASPHALT OVERLAY-2018 PAGE 32 OF 57 March 6,2018 WORK ORDER#3667 I SPECIAL PROVISIONS