Common use of SUBSTANTIAL COMPLETION PAYMENT Clause in Contracts

SUBSTANTIAL COMPLETION PAYMENT. The Director shall issue a voucher calling for payment to the Construction Manager of any part or all of the balance due for Work for which payment is requested, including moneys retained hereunder, less any and all deductions authorized to be made by the Director, under this Agreement or by law, and less twice the amount the Director considers necessary to ensure the completion of the balance of the Work. No further partial payments shall be made to the Construction Manager after the Director determines that the Work is substantially complete, except the Substantial Completion payment and any requisitions for partial payment that were properly filed with the Director prior to the date of Substantial Completion; provided, however, the Director may grant a waiver for further partial payments after the date of Substantial Completion to permit payments for change order work and/or release of retainage and deposits pursuant to Article 25. Such waiver shall be in writing.