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GENERAL34916
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GENERAL34916
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Last modified
8/24/2016 7:56:09 PM
Creation date
11/23/2007 8:06:20 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
C1981037
IBM Index Class Name
General Documents
Doc Date
7/10/1992
Doc Name
INVITATION AND BID
Permit Index Doc Type
RECLAMATION PROJECTS
Media Type
D
Archive
No
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April 2, 1992 <br />When the OWNER indicates acceptance of the work, the CONTRACTOR <br />may requisition final payment, including retainage, on account of <br />the purchase order contract price. <br />Before such final payment may be made the OWNER must comply with <br />Title 38-26-107 C.R.S. as amended, which requires that <br />publication of a notice of final settlement with the CONTRACTOR <br />be made twice in a newspaper of general circulation in the county <br />wherein the purchase order contract was made (usually Denver <br />County) and the county wherein the work was performed. The date <br />fixed in such notice, before which final payment to the <br />CONTRACTOR may not be made, must be no less than ten days after <br />the second publication of the notice. <br />Any unpaid creditor of the CONTRACTOR who supplied labor and/or <br />material for the work has those ten days in which to file with <br />the OWNER a verified statement of the amount due and unpaid. The <br />OWNER must withhold from payment to the CONTRACTOR the total <br />amount of such claim for a period of ninety days after the date <br />in the notice fixed for settlement, but the OWNER may not <br />directly make payment to the creditor(s). If within those ninety <br />days a creditor does not reach settlement with the CONTRACTOR, he <br />must serve on the OWNER a notice of "lis pendens" that he has <br />brought action at law, otherwise the OWNER, at expiration of <br />ninety days, will pay the CONTRACTOR for the amount withheld. <br />31. GUARANTY AND WARRANTIES <br />The CONTRACTOR shall furnish the OWNER with a written guaranty <br />for one year covering all labor, materials and workmanship <br />incorporated in the work. The CONTRACTOR, in instances of work <br />performed or material or equipment furnished for which warranties <br />are required by the specifications, shall procure such warranties <br />and deliver them to' the OWNER on completion of the work. Such <br />warranties will no way lessen the CONTRACTOR'S responsibilities <br />under the purchase order documents. Whenever warranties or <br />guarantees are required by the specifications for a period longer <br />than one year, such longer period shall govern. written <br />guaranties must be received by the OWNER before final payment <br />will be approved. <br />MLRD-15 <br />
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