15-Resolution Richard Drake phase I and Phase II Stillhouse road

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At the unit prices shown on the Unit Price Bid Schedule included in the Contract Documents. Article 5. PAYMENT PROCEDURES CONTRACTOR shall submit Applications for Payment in accordance with the General Conditions. Applications for Payment will be processed by ENGINEER, as provided in the General Conditions. The CITY shall retain 10% of th~r ~ Doc ~ments. When the until as subspta tially complep ~te,the of all Work covered by the Con retained amount may be reduced to 5%, at the CITY'S discretion. Article 6. INTEREST If the contract amount of this contract isn ~~e than onta 400mo0unt excetedss$4001000, nodinter st CONTRACTOR on retained money. Whe will be paid unless required by law. Article 7. CONTRACTOR'S REPRESENTATIONS In order to induce CITY to enter into this Agreement, CONTRA.CTOR makes the following representations: 7.1 CONTRACTOR has familiarized himself with the nature and extent of the Contract or furnsh ng ofd the Re`gu~l kions that, Documents, Work, site, locality, and all llocal in any manner, may affect cost, prog ess, performa 7.2 CONTRACTOR has studied carefully all reports of explorations and tests of subsurface conditions and drawings of physical conditions, if any, which are contained or identified in the Contract Documents, and accepts the determination set forth in the Contract Documents of the extent of the technical data contained in such reports and drawings upon which CONTRACTOR is entitled to rely. 7.3 CONTRACTOR has obtained and carefully studied (or assumes responsibility for obtaining and carefully studying) all such examinations, investigations, explorations, tests, reports and studies in addition to, or to supplement, those refened to above, which pertain to the subsurface or physical can dlt or furni hingnof the Work asSCONTRACTOR may affect the cost, progress, perform considers necessary for the performance or furnishing of the Work at the Contract Price, within the Contract Time and in accordance with the other terms and conditions of the Contract Documents, and no additional examinations, investigations, explorations, tests, reports, studies or similar information or data are, or will be, required by CONTRACTOR for such purposes. 7.4 CONTRACTOR has reviewed and checked all information and data shown or indicated on the Contract Documents with respect to existing Underground Facilities at or contiguous to the site and assumes responsibility for the accurate location of all _ I V) 20