200405934 - Laserfiche WebLink

Browse

200405934 of work completed for each component part of Trade Contractor's approved Schedule of Values including executed Change Orders, the amount of all previous payments and the amount of current retainage. (a) Progress payment applications shall have attached: (1) Information confirming orders for long lead time, items indicating delivery dates in accordance with the Project Schedule including Trade Contractor's Purchase Order number and the supplier's confirmation thereof; (2) a fully- executed, current Monthly Statement of Trade Contractor to SIGNATURE that all sums due to Trade Contractor's subcontractors and material suppliers from the previous Progress Payment have been paid to such subcontractors and material suppliers and a fully- executed Affidavit and Partial Waiver of Claims and Liens reflecting all previous progress payments valid under the Mechanics Lign laws of the state where the Project is located on forms conforming to the requirements of SIGNATURE, the Owner, the Architect and any construction lender or title insurance company; (3) from each lower -tier subcontractor and material'supplier, such invoices, supporting data, sworn statements and waivers of lien as SIGNATURE, the Owner, the Architect and any construction lender or title insurance company may require confirming that: (i) all monies due such persons are known and paid; (ii) any liens or claims for its work to date are waived and released; and (iii) as to Trade Contractor's Work the Project is lien -free; (4) from suppliers of fixtures and equipment, disclaimers of any purchase money security interest and evidence that all fixtures and equipment are and will remain free of security interests of any kind; (5) supplementary statements advising SIGNATURE of any change in information previously furnished by Trade Contractor, and, if requested, a sworn statement that no changes have occurred since the last statement furnished; (6) such other documents as may from time to time be required by SIGNATURE, the Owner, the Architect, Surety and any construction lender or title company. (b) The application for Final Payment shall have attached: (1) a fully- executed, current Monthly Statement of Trade Contractor to SIGNATURE, a fully- executed previous progress payment Affidavit and Final Waiver of Claims and Liens and Release of Rights; (2) if required by SIGNATURE, similar statements, affidavits and waivers for all subcontractors and material suppliers on forms furnished by SIGNATURE. (3) such other documents as may be required by SIGNATURE, the Owner, the Architect and any construction lender or title company. 5.3 Evidence of Lien, Claim or Damage: (a) If there is evidence of any lien or claim arising from Trade Contractor's Work for which SIGNATURE or Owner might become liable; or, if Trade Contractor causes damage to the work of others, SIGNATURE may retain out of any payment then due or to become due Trade Contractor, an amount sufficient to indemnify SIGNATURE and the Owner for any loss or damage either may sustain in discharging such liens, claims or damage, including reasonable attorneys' fees and disbursements. Initial_/