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<br />. <br /> <br />. <br /> <br />5.1 P~ocress Pavmen~s. OWNER shall maKe progress paymen~s <br />on account of tne Contract Price on the basis of COrnRACTOR's <br />APplica~ion5 for Payment as recommenced by the ENGINEER. on or <br />about the last oay of each month during construction as <br />provided belo~. hll progress paymencs will be on cbe basis of <br />the progress of the Work measurec by the Schedule of Values <br />attached to and made a part of this Agreement (ano in the case <br />of unic Price Wort. based on cbe number or uniL. compleced). <br /> <br />5.1.1. Prior t.o Subst.antial Completion. progress payments <br />~ill be made in the amount equal to the percentage indicated <br />below. but in each case. less the aggregate o~ payments <br />previously mace and less such amounts as ENGINEER shall <br />determine. or OWNER may withhold. in accordance with paragr~ph <br />24.7 of the Gener~l Conditions. . <br /> <br />- 90\ of Lbe. WORK compleced. <br /> <br />- 90\ of materials and equipment not incorporated in the <br />Work (buc delivered. suicably scored and accompanied by <br />oocumencacion sacisfactory to OWNER a. proviaed in <br />paragrapb "'.2 of tbe General Condition.). <br /> <br />5.1.2. Upon Subscantial Completion. in an amount <br />su=:icient to increase total payments to CONTRACTOR to 95\ of <br />tbe Contract Price. less such amouncs as ENGINEER sball <br />oetermine. or OWNER may ~ithho1d. in accordance ~ith paragraph <br />14.7 of the General Concicions. <br /> <br />5.2 ~inal ?avment. Upon Final Completion and accep~ance <br />cf ~h€ Wory. in accorcance vi~h paragraph 1(.13 of ~he General <br />Condio:ions. OWNER shall pay 'the remainder. of the Contract Price <br />~s recomm€no~a by ENGINEER as provi6eo in saie paragraph 1~.:3. <br /> <br />h=~icle 6. INTER~ST <br /> <br />h:l monies no~ palO ~be~ aue as provi6ec i~ Article l( 0= <br />tile General Conci~io:ls stall bear in'terest ~t ...:-- !l.~J.':".....w _......: (, 0/) <br />L":'-;.. ::. ::". -- -h ,:iiH of _:.. ~_.~,--"twell)~ pJ2.... (QJ.....rJ2.'" <br /> <br />Ar'ticle 7. CO!\7RAC'!'OR'. RE?RES:::!\71'.'!'I0I<S pe.'i C<. "'l1~ \1.1, f& ~ <br /> <br />!n oree: 'to incuce O~~~R to en~e= into this A9reemen~. <br />COh~RACTOR ~ar.es ~he follo~iDg representations: <br /> <br />7.1 CONTRACTOR has fa~iliarizeo itself vith the nat~=e anc <br />extent 0: O:he Contract Documents. the WORK. site. locality. ana <br />all local concitions ano La~s ano Begulations that in any <br />Manner may affect cost. progress. perfo=mance or furnishing 0: <br />the WORK. <br /> <br />7.2 cOr~p~CTOP. has maoe its OwD evaluation of subsurface <br />conditions along the propos eo pipeline alignment and at all <br />other locations v:~hin ~he site of ~he work where sucb <br />conditions ~ay oe~ermin€ ~he meth06s used aD~ ~he 6egr~e of <br />ei==ic~l~y encoun~er~o in ~b€ work. In making i~s evaluatio~. <br />CONTRACTOR haE visually inspec~ed ~he site ana has st~di~o <br />carefully all repor~s of explorations and ~ests 0= s~bsur:ac€ <br />concitions which are available. If CONTRACTOR deci6es to <br />conouct o~h~: tests. in its discretion, they shall be at <br />CO~TRACTOR'~ expense. <br /> <br />7.3 CONTRACTOR assumes respon5ibili~y for its ~se of any <br />reports. inv~stiga:ions. explorations. tests or other st~dies <br />which pe=~~iD to subsurface conai~ions or other physical <br />conditions at or contiguous to the site in making i:s <br />eVblua~ioD 0; the cost. progress. perfo=rnance or :u nishing of <br />the WarY. within the terms and conditions of the Con rac~ <br />Documents. The explorations and tests re;erred to n paragraph <br /> <br />Page 4 of 8 <br />