Common use of Conditions Precedent to Final Payment Clause in Contracts

Conditions Precedent to Final Payment. Prior to being entitled to receive final payment, and as a condition precedent thereto, Design/Builder shall furnish Owner, in the form and manner required by Owner, the following: .1 An affidavit that all of Design/Builder’s obligations to Subcontractors, laborers, equipment or material Suppliers, or other third parties in connection with the Project, have been paid or otherwise satisfied; .2 If required by Owner, separate releases or waivers from each Subcontractor, lower tier subcontractor, laborer, Supplier or other person or entity with connection to the Project, or proof of payment such as receipts; .3 Consent of surety to final payment; .4 Complete as-built drawings and the record set of Contract Documents; .5 All product warranties, operating manuals, instruction manuals and other record documents, drawings and things customarily required of a Contractor, or expressly required herein, as a part of or prior to Project closeout; and .6 Verification that Design/Builder has paid all taxes as required by Idaho Code, Title 63, Chapter 15.

Conditions Precedent to Final Payment. Prior to being entitled to receive final payment, and as a condition precedent thereto, Design/Builder shall furnish Owner, in the form and manner required by Owner, the following: .1 (1) An affidavit that all of Design/Builder’s obligations to Subcontractors, laborers, equipment or material Suppliers, or other third parties in connection with the Project, have been paid or otherwise satisfied; .2 (2) If required by Owner, separate releases of lien or lien waivers from each Subcontractor, lower tier subcontractor, laborer, Supplier or other person or entity with connection to the Projectwho has, or proof of payment such as receiptsmight have a claim against Owner or Owner’s property; .3 Consent (3) If applicable, consent(s) of surety to final payment; .4 Complete (4) A complete set of the as-built drawings and the record set of Contract Documents; .5 (5) All product warranties, operating manuals, instruction manuals and other record documents, drawings and things customarily required of a Contractor, or expressly required herein, as a part of or prior to Project closeout; and .6 Verification that Design/Builder has paid all taxes as required by Idaho Code, Title 63, Chapter 15.