Submission for Initial Payment of Construction Services Clause Samples

Submission for Initial Payment of Construction Services. Redeveloper shall submit to the Township at least seven (7) Business Days before the date on which the initial and first payment under a Construction Contract or Subcontract is sought to be paid as an Eligible Cost from the Bond Proceeds or otherwise to be paid by the Redeveloper as a Redeveloper Cost, the following documents, together with a cover sheet listing the items submitted, certifying their truth and authenticity, and referencing this Section 10.2.2: (a) Documents evidencing the insurance policies that are required to be obtained with regard to the applicable Contractor or Subcontractor, as applicable; (b) Construction Contract, or Subcontract, as applicable, amount and associated Budget line for the Work performed; (c) A certificate evidencing Contractor or Subcontractor, as applicable, status in current good standing as a business entity in the state in which it is formed, and, if such state is not the State of New Jersey, evidence of the Contractor or Subcontractor, as applicable, qualification to do business within the State of New Jersey; and evidence of Contractor or Subcontractor, as applicable, certification or registration as may be required by Law; (d) The specimen signature of each officer, director or agent of Redeveloper authorized to deliver Requisitions, as applicable; (e) In connection with the applicable Construction Contact or Subcontract, all required payment and performance bonds; (f) Copies of each executed Construction Contract or Subcontract;