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

ACCEPTANCE OF FINAL PAYMENT CONSTITUTES RELEASE. a. The acceptance of the Final Payment by the Contractor shall be and shall operate as a release to the Contractor of all claims and of all liability to the Department for all things done or furnished in connection with this work. No payment, however, final or otherwise, shall operate to release the Contractor and its Sureties from any obligations under this Contract or the Contract Bond. Acceptance of Final Payment shall not impact any warrantees provided by the Contractor with respect to this project.

Appears in 6 contracts

Samples: Contract Agreement, Construction Contract, Construction Contract

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ACCEPTANCE OF FINAL PAYMENT CONSTITUTES RELEASE. a. 26.1 The acceptance of the Final Payment by the Contractor of final payment shall be and shall operate as a release to the Contractor Owner of all claims and of all liability to the Department 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. No payment, however, final or otherwise, shall operate to release the Contractor and its Sureties or his sureties from any obligations under this Contract contract or the Contract Performance and Payment Bond. Acceptance of Final Payment shall not impact any warrantees provided by the Contractor with respect to this project.

Appears in 3 contracts

Samples: Construction Contract, Construction Contract, Construction Agreement

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ACCEPTANCE OF FINAL PAYMENT CONSTITUTES RELEASE. a. The acceptance of the Final Payment by the Contractor of the final payment shall be and shall operate as a release to the Contractor Owner of all claims and of all liability to the Department Contractor for all things done or furnished in connection with this workWork and for every act and neglect of the Owner and others relating to or arising out of this Work, excepting the Contractor's claims for interest upon the final payment if this payment be improperly delayed. No payment, however, final or otherwise, shall operate to release the Contractor and its Sureties or his sureties from any obligations under this Contract or the Contract Performance Bond. Acceptance of Final Payment shall not impact any warrantees provided by the Contractor with respect to this project.

Appears in 1 contract

Samples: Construction Contract

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