Common use of ACCEPTANCE OF FINAL PAYMENT AS RELEASE Clause in Contracts

ACCEPTANCE OF FINAL PAYMENT AS RELEASE. 40.1 The acceptance by the CONTRACTOR of final payment shall be and shall operate as a release to the OWNER of all claims and all liability to the CONTRACTOR other than claims in stated amounts as may be specifically excepted by the CONTRACTOR for all things done or furnished in connection with this WORK and for every act and neglect of the OWNER and others relating to or arising out of this WORK. Any payment, however, final or otherwise, shall not release the CONTRACTOR or his sureties from any obligations under the CONTRACT DOCUMENTS or the performance BOND and Payment BONDS.

Appears in 2 contracts

Samples: Construction Contract, Contract

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ACCEPTANCE OF FINAL PAYMENT AS RELEASE. 40.1 20.1 The acceptance by the CONTRACTOR Contractor of final payment shall be and shall operate as a release to the OWNER Owner of all claims and all liability to the CONTRACTOR Contractor other than claims in stated amounts as may be specifically excepted by the CONTRACTOR Contractor for all things done or furnished in connection with this WORK Work and for every act and neglect of the OWNER Owner and others relating to or arising out of this WORKWork. Any payment, however, final or otherwise, shall not release the CONTRACTOR Contractor or his sureties from any obligations under the CONTRACT DOCUMENTS Contract Documents or the performance BOND Performance Bond and Payment BONDSBonds.

Appears in 2 contracts

Samples: Agreement for Design, Installation, and Commissioning of Energy Conservation Facilities, Agreement for Design, Installation, and Commissioning of Energy Conservation Facilities

ACCEPTANCE OF FINAL PAYMENT AS RELEASE. 40.1 39.1 The acceptance by the CONTRACTOR Contractor of final payment shall be and shall operate as constitute a release to the OWNER of Commission from any and all claims of any nature and all liability to the CONTRACTOR other than claims in stated amounts as may be specifically excepted by the CONTRACTOR Contractor, for all things done or furnished in connection with this WORK the Work, and for every act and neglect of the OWNER Commission and others relating to or arising out of this WORK. Any payment, however, final or otherwise, shall not release the CONTRACTOR or his sureties from any obligations under the CONTRACT DOCUMENTS or the performance BOND and Payment BONDSWork.

Appears in 1 contract

Samples: Contract

ACCEPTANCE OF FINAL PAYMENT AS RELEASE. 40.1 22.1 The acceptance by the CONTRACTOR Contractor of final payment shall be and shall operate as a release to the OWNER Owner of all claims and all liability to the CONTRACTOR Contractor other than claims in stated amounts as may be specifically excepted by the CONTRACTOR Contractor for all things done or furnished in connection with this WORK work and for every act and neglect of the OWNER Owner and others relating to or arising out of this WORKwork. Any payment, however, final or otherwise, shall not release the CONTRACTOR Contractor or his its sureties from any obligations under the CONTRACT DOCUMENTS contract documents or the performance BOND Performance and Payment BONDSbonds.

Appears in 1 contract

Samples: Construction Contract

ACCEPTANCE OF FINAL PAYMENT AS RELEASE. 40.1 β€Œ 39.1. The acceptance by the CONTRACTOR Contractor of final payment shall be and shall operate as constitute a release to the OWNER of Commission from any and all claims of any nature and all liability to the CONTRACTOR other than claims in stated amounts as may be specifically excepted by the CONTRACTOR Contractor, for all things done or furnished in connection with this WORK the Work, and for every act and neglect of the OWNER Commission and others relating to or arising out of this WORK. Any payment, however, final or otherwise, shall not release the CONTRACTOR or his sureties from any obligations under the CONTRACT DOCUMENTS or the performance BOND and Payment BONDSWork.

Appears in 1 contract

Samples: General Conditions for Goods & Supplies

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ACCEPTANCE OF FINAL PAYMENT AS RELEASE. 40.1 20.1 The acceptance by the CONTRACTOR contractor of final payment shall be and shall operate as a release to the OWNER owner of all claims and all liability to the CONTRACTOR contractor other than claims in stated amounts as may be specifically excepted by the CONTRACTOR contractor for all things done or furnished in connection with this WORK work and for every act and neglect of the OWNER owner and others relating to or arising out of this WORKwork. Any payment, however, final or otherwise, shall not release the CONTRACTOR contractor or his sureties from any obligations under the CONTRACT DOCUMENTS contract documents or the performance BOND bond and Payment BONDSlabor and material bonds.

Appears in 1 contract

Samples: Construction Contract

ACCEPTANCE OF FINAL PAYMENT AS RELEASE. 40.1 The acceptance by the CONTRACTOR Contractor of final payment shall be and shall operate as a release to the OWNER of all claims and all liability to the CONTRACTOR other than claims in stated amounts as may be specifically excepted by the CONTRACTOR for all things done or furnished in connection with this WORK and for every act and neglect of the OWNER and others relating to or arising out of this WORK. Any payment, payment however, final or otherwise, shall not release the CONTRACTOR or his sureties from any obligations under the CONTRACT DOCUMENTS or the performance Performance BOND and Payment BONDS.

Appears in 1 contract

Samples: Construction Contract

ACCEPTANCE OF FINAL PAYMENT AS RELEASE. 40.1 20.1 The acceptance by the CONTRACTOR of final payment shall be and shall operate as a release to the OWNER of all claims and all liability to the CONTRACTOR other than claims in stated amounts as may be specifically excepted by the CONTRACTOR for all things done or furnished in connection with this WORK and for every act and neglect of the OWNER and others relating to or arising out of this WORK. Any payment, however, however final or otherwise, shall not release the CONTRACTOR or his its sureties from any obligations under the CONTRACT DOCUMENTS or the performance BOND Performance and Payment BONDS.

Appears in 1 contract

Samples: Construction Agreement

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