KLB Construction Inc 11/20/2018 - Laserfiche WebLink

I 1 1 2 The Contractor shall submit a breakdown of the cost of lump sum bid items at the 3 Preconstruction Conference, to enable the Project Engineer to determine the Work 4 performed on a monthly basis. A breakdown is not required for lump sum items that include 5 a basis for incremental payments as part of the respective Specification. Absent a lump 6 sum breakdown, the Project Engineer will make a determination based on information 7 available. The Project Engineer's determination of the cost of work shall be final. 8 9 Progress payments for completed work and material on hand will be based upon progress I 10 estimates prepared by the Engineer. A progress estimate cutoff date will be established at 11 the preconstruction conference. 12 1 13 The initial progress estimate will be made not later than 30 days after the Contractor 14 commences the work, and successive progress estimates will be made every month 15 thereafter until the Completion Date. Progress estimates made during progress of the work I 16 are tentative, and made only for the purpose of determining progress payments. The 17 progress estimates are subject to change at any time prior to the calculation of the final 18 payment. 19 111 20 The value of the progress estimate will be the sum of the following: 21 1. Unit Price Items in the Bid Form —the approximate quantity of acceptable units of I 22 work completed multiplied by the unit price. 23 2. Lump Sum Items in the Bid Form — based on the approved Contractor's lump sum I 24 breakdown for that item, or absent such a breakdown, based on the Engineer's 25 determination. 26 3. Materials on Hand — 100 percent of invoiced cost of material delivered to Job site or 27 other storage area approved by the Engineer. I 28 4. Change Orders—entitlement for roved extra cost or completed extra work as PP P 29 determined by the Engineer. 30 I 31 Progress payments will be made in accordance with the progress estimate less: 32 1. Retainage per Section 1-09.9(1), on non FHWA-funded projects; 33 2. The amount of progress payments previously made; and 34 3. Funds withheld by the Contracting Agency for disbursement in accordance with the 35 Contract Documents. 36 37 Progress payments for work performed shall not be evidence of acceptable performance or 38 an admission by the Contracting Agency that any work has been satisfactorily completed. I 39 The determination of payments under the contract will be final in accordance with Section 40 1-05.1. 41 �42 43 1-09.9 (1) Retainage 44 it 1 45 Section 1-09.9(1) content and title is deleted and replaced with the following: ll 46 47 (June 27, 2011 WSDOT GSP) WEST MARINE VIEW DRIVE UTILITIES PAGE 67 OF 117 August 2018 WORK ORDER#3588 SPECIAL PROVISIONS I