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

ACCEPTANCE OF FINAL PAYMENT CONSTITUTES RELEASE. 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 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 or his sureties from any obligations under this contract or the Performance and Payment Bond.

Appears in 1 contract

Samples: General Conditions

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ACCEPTANCE OF FINAL PAYMENT CONSTITUTES RELEASE. 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 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 or his sureties Sureties from any obligations under this contract Contract or the Performance and Payment Bond.

Appears in 1 contract

Samples: Proposal Contract

ACCEPTANCE OF FINAL PAYMENT CONSTITUTES RELEASE. The acceptance 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 for all things done or furnished in connection with this work and for every act and neglect of the Owner OWNER and others relating to or arising out of this work. No payment, however, final or otherwise, shall operate to release the Contractor CONTRACTOR or his sureties Sureties from any obligations under this contract Contract or the Performance and Payment BondBonds.

Appears in 1 contract

Samples: Construction Contract Agreement

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ACCEPTANCE OF FINAL PAYMENT CONSTITUTES RELEASE. The acceptance by the 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 for all things done or furnished in connection with this work and for every act and neglect of the Owner owner and others relating to or arising out of this work. No payment, however, final or otherwise, shall operate to release the Contractor or his sureties Sureties from any obligations under this contract Contract or the Performance and Payment Bond.

Appears in 1 contract

Samples: Proposal Contract

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