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By submitting a request for material on hand payment, the Contractor expressly authorizes the Owner to audit the Contractor's material on hand records, and/or to perform process reviews of the Contractor's record keeping system. In the event that the Owner determines the Contractor to be in violation of any of the requirements of this provision, the Department reserves the right to exclude payment for any and all materials on hand for the duration of the contract. The Contractor shall be responsible for the retention of all records relating to material on hand payment for a period of three (3) years after project completion. From the total of the amounts so ascertained will be deducted five (5%) percent to be retained until after the completion of the entire work to the satisfaction of the Owner, and the remaining 95 percent of the amount so ascertained will be paid to the Contractor less such amounts as may be required by the contract to be deducted or as otherwise stated herein. Partial estimates showing an amount of work performed since the last preceding estimate of less that $1,000.00 may be withheld until the amount of work performed on a partial estimate is at least $1,000.00 The Contractor shall pay the subcontractor for work performed within ten days after the Contractor receives payment for the work performed by the subcontractor. Also, any retained monies on a subcontractor's work shall be paid to the subcontractor with ten days after satisfactory completion of all the subcontractor's work. Completion of all the subcontractor's work shall include test, maintenance and other similar periods that are the responsibility of the subcontractor. For the purpose for this Item, satisfactory completion shall have been accomplished when: (1) The subcontractor has fulfilled the contract requirements of both the Owner and the subcontract for the subcontracted work, including the submission of all submittals required by the specifications and the Owner and (2) The work done by the subcontractor has been inspected and approved by the Owner and the final quantities of the subcontractor's work have been determined and agreed upon. The inspection and approval of a subcontractors work does not eliminate the Contractor's responsibilities for all the work as defined in Item 7, Article 7.12. "Contractor's Responsibility for Work". The above requirements are also applicable to all sub-tier subcontractors and the above provisions shall be made a part of all subcontract agreements. Failure to comply with any of the above requirements may cause the Owner to withhold all estimates which have or may become due and the Owner may suspend the work until his requests are complied with. 2-2 009---062(M) 12-00