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Brady Environmental Services, Inc. <br />However, if work to be performed under a particular purchase order is to be completed in <br />forty-five (45) days or less, the contractor shall submit for work associated with that <br />purchase order, an invoice for all work completed and accepted in writing by the owner. <br />The owner shall pay contractor ninety percent (90%) of the properly approved invoice <br />within thirty (30) days after receipt of said invoice. <br />3.5 - RETAINAGE For each project the remaining ten percent (10%) of the amount <br />earned for work performed by the contractor will be retained by the owner pending <br />acceptance in accordance with these GENERAL CONDITIONS. <br />3.6 - WITHHOLDING PAYMENTS The owner may withhold payments due the <br />contractor to the extent necessary to protect itself against loss, including but not limited <br />to the following: <br />a.) Defective work not remedied. <br />b.) Claims filed or reasonable evidence indicating probable filing of claims. <br />c.) Failure of the contractor to make payments properly to subcontractors for <br />materials and labor. - d.) Damage to another contractor. <br />e.) Any other violation or failure to comply with the provisions of this contract. <br />When the above conditions are removed, payment shall be made far the amount <br />withheld because of the specific conditions. <br />3. 7- ACCEPTANCE OF THE WORK AND FINAL PAYMENT Acceptance of the work <br />and final payment will be made separately for each particular project/purchase order and <br />shall be subject to the requirements stated herein. <br />3.7.1 Final Payment - Owner's obligation to make final payment to contractor is <br />specifically contingent upon the following conditions, which are <br />conditions precedent to final payment: (a) Submittal by the contractor or <br />of a notarized affidavit that all payrolls, bills for material and equipment <br />and other indebtedness connected with the contractor's work, have been <br />paid or otherwise satisfied; (b). Submittal by the contractor of lien <br />waivers, or bond claim waivers on bonded projects, indicating that all of <br />the contractor's materialmen, laborers, and subcontractors have been fully <br />paid and are waiving all statutory lien rights and releasing a bond claims; <br />(c) consent of Surety to final payment, if required, (d) approval by the <br />owner of the contractor's work; and (e) receipt by the owner of all <br />payments related to the contractor's work, including any retainage <br />withheld by the owner from the contractor. <br />14 of 17 <br />