Common use of Procedures for Application for Retention Payment Clause in Contracts

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.

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.