Common use of ACCEPTANCE AND FINAL PAYMENT Clause in Contracts

ACCEPTANCE AND FINAL PAYMENT. Final payment may be requested by the Contractor upon completion and acceptance, by the Town, of all work as set forth in the Contract Documents. The total amount of final payment shall consist of the Contract Price, as adjusted in accordance with approved change orders, if applicable, less all previous payments to the Contractor. If the contract price exceeds one hundred fifty thousand dollars ($150,000), the Town may make the final payment to the Contractor only after the Town has published notice of such final payment in accordance with C.R.S. § ▇▇-▇▇-▇▇▇.

Appears in 15 contracts

Sources: Construction Agreement, Construction Agreement, Construction Agreement

ACCEPTANCE AND FINAL PAYMENT. Final payment may be requested by the Contractor upon completion and acceptance, by the Town, of all work as set forth in the Contract Documents. The total amount of final payment shall consist of the Contract Price, as adjusted in accordance with approved change orders, if applicable, less all previous payments to the Contractor. If the contract price exceeds one hundred fifty thousand dollars ($150,000), the Town may make the final payment to the Contractor only after the Town has published notice of such final payment in accordance with C.R.S. § ▇▇24- 91-▇▇-▇▇▇103.

Appears in 2 contracts

Sources: Construction Agreement, Construction Agreement

ACCEPTANCE AND FINAL PAYMENT. Final payment may be requested by the Contractor upon completion and acceptance, by the Town, of all work as set forth in the Contract Documents. The total amount of final payment shall consist of the Contract Price, as adjusted in accordance with approved change orders, if applicable, less all previous payments to the Contractor. If the contract price exceeds one hundred fifty thousand dollars ($150,000), the Town may make the final payment The retainage amount set forth in Paragraph b of Section 5.00 of this Agreement shall not be released to the Contractor only after until the Town has published notice of such complied with the applicable final payment procedures specified in accordance with Section 107(1) of Article 26, Title 38, C.R.S. § ▇▇-▇▇-▇▇▇(2016).

Appears in 2 contracts

Sources: Construction Agreement, Construction Agreement

ACCEPTANCE AND FINAL PAYMENT. Final payment may be requested by the Contractor upon completion and acceptance, by the Town, of all work as set forth in the Contract Documents. The total amount of final payment shall consist of the Contract Price, as adjusted in accordance with approved change orders, if applicable, less all previous payments to the Contractor. If the contract price exceeds one hundred fifty thousand dollars ($150,000150,000.00), the Town may make the final payment to the Contractor only after the Town has published notice of such final payment in accordance with C.R.S. § ▇▇-▇▇-▇▇▇.

Appears in 1 contract

Sources: Construction Agreement