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Carlson Estates Asphalt(Cont'd) 7 15. Contractor shall provide an approved(by Owner)two year written warranty for all work provided,plus normal manufacturer's warranty for all products that provide warranty. This warranty shall cover all aspects of the work. Contractor shall correct any problems, including inside damage,covered by the warranty within one week of notification by the Association or within 24 hours of a leak emergency. Manufacturer's and contractor warranties must be delivered to Owner,in the Owner's name before final payment. 16. All claims and disputes arising out of this agreement, for any breach thereof, shall be subject to arbitration as a condition precedent to any legal actions. The arbitration award decision, including any allocation of arbitration costs, shall be final,and judgement may be extended upon said decision in any court jurisdiction thereof. By submitting a bid,the contractor has accepted and agrees to arbitrate in accordance with this paragraph. 17. The successful contractor shall be required to endorse a contract for the work to be accomplished on the project. The contract to be used is AIA-A107 -Abbreviated Form of Agreement Between Owner and Contractor(1997). All articles of this contract will be in effect(unless noted as deleted at time of contract signing), as will any terms of this Specification and the Proposal Response used as part of the bid. The contractor will become familiar with the AIA-A107 Contract form before bidding and bid accordingly. 18. Contractor is responsible for acquiring and paying for all permits and inspections for the work as part of the contract price. 19. Contractor shall submit appropriate invoices for work and shall provide a lien waiver, plus waivers from all subcontractors and major suppliers. All work to be inspected by the Owner's representative prior to payments. Owner will hold 5%retainage on all invoices until 100%contract completion. 20. The contractor shall install and maintain an approved portable"john"on-site at all times during construction. 21. The Contract Sum includes all taxes,fees, levies, surcharges or other impositions of any type whatsoever, imposed by any governmental authority, or the contractor,or any subcontractor or supplier, against or on account of the work.