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§15.2.3 When the Centr-el Estimate is aeeeptable to the Ownef and Afehiteet,the Owner-shall aeknowledge it iii
<br /> wr-itiag.The Ownef's aeeeptanee of the Contfol Estim--ate does not imply that the, I Estimate eeastitates-a
<br /> r_,,...an4eoa M...,:.,.um n
<br /> 15.2.4 The Gon4faeter-shall develop and implement a detailed system of eost eofaf el that wiR pr-ovide the Owne
<br /> with tifnely ififefffl4iea as to the antieipated total Cost of the War-k.The eost eoa4f a!system
<br /> id estimates for-Haeompleted tasks an
<br /> pr-opesed ehanges.This ififoFmatioa shall be fepot4ed to the Owner-,in writing,no latef thafi 04e Goatmetor-'s fifst
<br /> Appliemion fef Payment and shall be revised and s4mit4ed with eaeh Appheation for-Payfn
<br /> upon assumptiens eontained in the Gofitr-ol Estimate.The Owner-shall pfomptly fth-ai-sh sueh r-evistad contr-aet
<br /> §15.3 Applications for Payment
<br /> §15.3.1 At least ten days before the date established for each progress payment,the Contractor shall submit to the
<br /> Architect an itemized Application for Payment prepared in accordance with the schedule of values,if required under
<br /> Section 15.1,for completed portions of the Work.The application shall be notarized,if required;be supported by all
<br /> data substantiating the Contractor's right to payment that the Owner or Architect require;shall reflect retainage if
<br /> provided for in the Contract Documents;and include any revised cost control information required by Section
<br /> 15.2.4.Applications for Payment shall not include requests for payment for portions of the Work for which the
<br /> Contractor does not intend to pay a Subcontractor or supplier,unless such Work has been performed by others
<br /> whom the Contractor intends to pay.
<br /> §15.3.2 With each Application for Payment where the Contract Sum is based upon the Cost of the Work,or the Cost
<br /> of the Work with a Guaranteed Maximum Price,the Contractor shall submit payrolls,petty cash accounts,receipted
<br /> invoices or invoices with check vouchers attached,and any other evidence required by the Owner to demonstrate
<br /> that cash disbursements already made by the Contractor on account of the Cost of the Work equal or exceed
<br /> progress payments already received by the Contractor plus payrolls for the period covered by the present
<br /> Application for Payment,less that portion of the progress payments attributable to the Contractor's Fee.
<br /> §15.3.3 Payments shall be made on account of materials and equipment delivered and suitably stored at the site for
<br /> subsequent incorporation in the Work.If approved in advance by the Owner,payment may similarly be made for
<br /> materials and equipment stored,and protected from damage,off the site at a location agreed upon in writing.
<br /> §15.3.4 The Contractor warrants that title to all Work covered by an Application for Payment will pass to the Owner
<br /> no later than the time of payment.The Contractor further warrants that upon submittal of an Application for
<br /> Payment all Work for which Certificates for Payment have been previously issued and payments received from the
<br /> Owner shall,to the best of the Contractor's knowledge,information and belief,be free and clear of liens,claims,
<br /> security interests or other encumbrances adverse to the Owner's interests.
<br /> §15.4 Certificates for Payment
<br /> §15.4.1 The Architect will,within seven days after receipt of the Contractor's Application for Payment,either issue
<br /> to the Owner a Certificate for Payment,with a copy to the Contractor,for such amount as the Architect determines
<br /> is properly due,or notify the Contractor and Owner of the Architect's reasons for withholding certification in whole
<br /> or in part as provided in Section 15.4.3.
<br /> §15.4.2 The issuance of a Certificate for Payment will constitute a representation by the Architect to the Owner,
<br /> based on the Architect's evaluations of the Work and the data in the Application for Payment,that,to the best of the
<br /> Architect's knowledge,information,and belief,the Work has progressed to the point indicated,the quality of the
<br /> Work is in accordance with the Contract Documents,and the Contractor is entitled to payment in the amount
<br /> certified.The foregoing representations are subject to an evaluation of the Work for conformance with the Contract
<br /> Documents upon Substantial Completion,to results of subsequent tests and inspections,to correction of minor
<br /> deviations from the Contract Documents prior to completion and to specific qualifications expressed by the
<br /> Architect.However,the issuance of a Certificate for Payment will not be a representation that the Architect has(1)
<br /> Init. AIA Document A104—2017(formerly A107T —2007).Copyright @ 1936,1951,1958,1961,1963,1966,1970,1974,1978,1987,1997,2007 and 2017.All
<br /> rights reserved.'The American Institute of Architects,""American Institute of Architects,""AIA,"the AIA Logo,and"AIA Contract Documents"are trademarks of s
<br /> The American Institute of Architects.This document was produced at 14:33:21 CT on 01/31/2024 under Order No.3104238599 which expires on 05/21/2024,is
<br /> not for resale,is licensed for one-time use only,and may only be used in accordance with the AIA Contract Documents®Terms of Service.To report copyright
<br /> violations,e-mail docinfo@aiacontracts.com.
<br /> User Notes: (3B9ADA3D)
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