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1991-030-RES WHEREAS, the City Council of the City of Paris, did in Resolution No.9l-014 on January 21,1991, approve
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1991-030-RES WHEREAS, the City Council of the City of Paris, did in Resolution No.9l-014 on January 21,1991, approve
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8/18/2006 4:33:16 PM
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4/13/2005 4:07:06 AM
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CITY CLERK
Doc Name
1991
Doc Type
Resolution
CITY CLERK - Date
3/11/1991
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<br />5.1.2 Upon Substantial Completion, in an amount <br />sufficient to increase total payments to CONTRACTOR to <br />ninety-five percent (95%) of the Contract Price, less <br />such amounts as ENGINEER shall determine, or OWNER may <br />withhold, in accordance with paragraph 14.7 of the <br />General Conditions. <br /> <br />5.2 Final Payment. Upon final completion and acceptance <br />of the work in accordance with paragraph 14.13 of General <br />Condi tions, OWNER shall pay the remainder of the Contract <br />Price as recommended by ENGINEER as provided in said <br />paragraph 14. 13 . <br /> <br />Article 6. INTEREST <br /> <br />No interest will be paid to the CONTRACTOR on retained money unless <br />required by law. <br /> <br />Article 7. CONTRACTOR'S REPRESENTATIONS. <br /> <br />In order to induce OWNER to enter into this Agreement, CONTRACTOR <br />makes the following representations: <br /> <br />7.1 CONTRACTOR has familiarized itself with the nature <br />and extent of the Contract Documents, Work, site <br />locality, and all local conditions and Laws and <br />Regulations that in any manner may affect cost, progress, <br />performance or furnishing of the Work. <br /> <br />7.2 CONTRACTOR has studied carefully all reports of <br />explorations and tests of subsurface conditions and <br />drawings of physical conditions which are identified in <br />the Supplementary Conditions as provided in paragraph 4.2 <br />of the General Conditions, and accepts the determination <br />set forth in paragraph SC-4 . 2 of the Supplementary <br />Conditions of the extent of the technical data contained <br />in such reports and drawings upon which CONTRACTOR is <br />entitled to reply. <br /> <br />7.3 CONTRACTOR has obtained and carefully studied (or <br />assumes responsibility for obtaining and carefully <br />studying) all such examinations, investigations, <br />explorations, tests, reports and studies (in additions <br />to or to supplement those referred to in paragraph 7.2 <br />above) which pertain to the subsurface or physical <br />conditions at or contiguous to the site or otherwise may <br />affect the cost, progress, performance or furnishing of <br />the Work at the Contract Price, within the Contract Time <br />and in accordance with the other terms and conditions of <br /> <br />21 <br />
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