Procedures for Application for Retention Payment Sample Clauses

Procedures for Application for Retention Payment. The following conditions must be fulfilled prior to release of Retention Payment: G ENERAL CONDITIONS i. A full and final waiver or release of all Stop Notices in connection with the Work shall be submitted by Contractor, including a release of Stop Notice in recordable form, together with (to the extent permitted by law) a copy of the full and final release of all Stop Notice rights. ii. The Contractor shall have made all corrections, including all Punch List Items, to the Work which are required to remedy any defects therein, to obtain compliance with the Contract Documents or any requirements of applicable codes and ordinances, or to fulfill any of the orders or directions of Owner required under the Contract Documents. iii. Each Subcontractor shall have delivered to the Contractor all written guarantees, warranties, applications, releases from the Surety and warranty bonds (if applicable) required by the Contract Documents for its portion of the Work. iv. Contractor must have completed all requirements set forth in Article 9.9. v. Contractor must have issued a Form 6C for the Project. vi. The Contractor shall have delivered to the Owner all manuals and materials required by the Contract Documents. vii. The Contractor shall have completed final clean up as required by Paragraph 3.12. viii. Contractor shall have all deductive items under Article 9.6 and Article 2.2 submitted as part of the Retention Payment.
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Procedures for Application for Retention Payment. The following conditions must be fulfilled prior to release of Retention Payment: A full and final waiver or release of all stop notices in connection with the Work shall be submitted by Trade Contractor, including a release of stop notice in recordable form, together with (to the extent permitted by law) a copy of the full and final release of all stop notice rights. The Trade Contractor shall have made all corrections, including all Punch List Items, to the Work which are required to remedy any defects therein, to obtain compliance with the Contract Documents or any requirements of applicable codes and ordinances, or to fulfill any of the orders or directions of Owner required under the Contract Documents. Each Subcontractor to Trade Contractor shall have delivered to the Trade Contractor all written guarantees, warranties, applications, releases from the Surety and warranty bonds (if applicable) required by the Contract Documents for its portion of the Work. Trade Contractor must have completed all requirements set forth in Article 9.9 Trade Contractor must have issued a Form 6C for the Project. The Trade Contractor shall have delivered to the Owner all manuals and materials required by the Contract Documents. The Trade Contractor shall have completed final clean up as required by Article 3.13. Trade Contractor shall have all deductive items under Article 9.6 and Article 2.2 submitted as part of the Retention Payment. Recording of a Notice of Completion After Punch List Period and Final Inspection. When the Work, or designated portion thereof, is complete or the Owner has completed the Article 9.6 and/or the Article 2.2 process, whichever occurs first, the Owner will file either a Notice of Completion or a Notice of Completion noting valued Punch List items. Valued Punch List items will be deducted from the Retention Payment. During the time when Work is being performed on the Punch List, the Project does not meet the definition of “Complete” under Public Contract Code section 7107(c)(1) even if there is “beneficial occupancy” of the Project since that has been no “cessation of labor” on the Project. Completion of Punch List under this Article is not “testing, startup, or commissioning by the public entity or its agent.” In other words, the continuing Punch List Work is Trade Contractor labor on the Project until each and every item of Punch List Work is complete or the time periods under Article 9.9.1have expired.
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Procedures for Application for Retention Payment. The following conditions must be fulfilled prior to release of Retention Payment:
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