ACCEPTANCE AND FINAL PAYMENT. When the work performed under this agreement has been fully completed in accordance with the Specifications provided a final inspection shall be made by the CITY and any defects arising out of said inspections shall be remedied by the CONTRACTOR. Retainage shall be paid by the CITY upon submittal by the CONTRACTOR of lien waivers, certified payrolls, and affidavit of compliance with prevailing wage laws. Final payment and acceptance of such payment by the CONTRACTOR shall release the CITY from all claims of any liabilities of the CONTRACTOR under this agreement, except that the CONTRACTOR shall not be released from liability for defects resulting from unacceptable workmanship or failure to follow Specifications, where said defects are not readily ascertainable by the CITY upon final inspection. The CITY shall make final payment upon the CONTRACTOR’s submittal of lien waivers, certified payrolls, and affidavit of compliance with prevailing wage laws.
Appears in 18 contracts
