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Flashcards in A201 Deck (117)
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61

G702

Application + Certification of Payment

62

Application for Payment: A has 3 options

1. certify and forward to O
2. certify lesser amount and forward to O
3. reject w/ written reasoning

63

Architect may withhold Certificate of Payment

to compensate for a previous payment subsequently found to be in error

64

Joint Check

C + Sub must both be present to deposit

65

C submits app for payment no later than

10 days before the payment date is due

66

A takes action on Certificate for Payment within

7 days

67

If C will not be paying a Sub

$ must return to owner

68

Sub can contact A directly to get info on

payments made from O to C

69

O may ask C for verification of

Sub payment, and then is allowed to go directly to Sub

70

After seven days past payment date, C may after 7 additional days

stop work

71

Necessary for C to submit before site visit for substantial completion

Punch list, which architect will supplement at visit

72

If process of substantial completion repeats too many times

A is entitled to $ from O, who may in-turn seek from C

73

A prepares certificate of substantial completion w/

final punch list attached

74

Retainage is released at substantial completion, except for

work not yet complete

75

In order for "Partial Occupancy"

C / O must make a separate agreement,
and Property Insurer must consent

76

There is a final Certificate of Payment, but no

certificate of final completion, b/c warranty means project is still ongoing for yr.

77

To receive Final Certificate of Payment, C must show

1. affidavit that all debts have been satisfied
2. certificate of insurance
3. written statement by C that insurance will continue
4. consent of surety to final payment

78

G706

Contractors Affidavit of Payment of Debt's and Claims

79

G706A

Contractors Affidavit of Release of Liens

80

G707

Consent of Surety Company to Final Payment

81

If final completion is delayed through no fault of C

final payments for works complete can be made w/ written concent of Surety

82

After final completion & payment, right rest with

O still, b/c warranty period

83

responsible for job site safety

superintendant

84

C shall notify O / A immediately if Haz Mat's found at site and

1. stop work in that area immediately
2. O gets licensed laboratory, and must fix
3. C not obliged to perform, but may through change order

85

C has authority to act w/o prior authorization

during an emergency

86

G 612

Owners Instructions Regarding Insurance & Bonds

87

C's insurance must cover

1. workers comp
2. workers comp for others than employees
3. personal injury coverage (vs. bodily injury)
4. bodily injury or property damage (after completion)

88

Limits of liability is max value between

law and contract, whichever is higher

89

certificate of Insurance must not expire until

30 days after written notice to O, and O must have ability to renew

90

General Aggregate

the max payout for multiple loses