Specs for garage entrance canopy

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SECTION 9 � MEASUREMENT. PAYMENT AND PROJECT ACCEPTANCE �� 9.1 DETAII.ED BREAKDOWN OF COIVTRACT AMOUNT � Except in cases where unit prices form the basis for payment under the Contract Documents, the Contractor shall, within ten (10) days of receipt of the Contract Documents, submit an itemized � breakdown of the Contract Amount having the value,including an allowance for pro�t and overhead, assigned to each part of the Work. Unless the breakdown of the Contract Amount is objected to by the Owner, it shall be used as the basis for all Requests for Payment. � 9.2 REQUEST FOR PAYNIENT The Contractor may submit periodically, but n�t more than once each month, a Request for Payment � for Work done and materials delivered and stored on the site. Payment for materials stored on the site will be conditioned on the following: � (a) The Contractor shall submit evidence t� establish the Owner's title to suc:� tnaterials. (b) Acce table rovisions have been made for stora�Te. � P P b (c) The Contractor shall provide and maintain insurance against all loss, th�ft, vandalism, � damage and similar peril for the full value of the stored material. The insurance on the stored - material shall name the Owner as insured. � Each Request for Payment shali be itemized and computed from the Work completed on all items listed on the Detailed Breakdown of Contract Amount. Where unit prices are specified, the RequeSt � for Payment shall be based on the quantities completed. The Owner shall pay to the Contractor an amount not to exceed 95% of the amount earned under the Contract subject to the approval outlinec[ in Section 9.3 and the provisions of Section 9.4 and 9.5. However, when the Work required under � the Contract is 95% ar more completed,upon recommendation of the Engineer, such portions of the retained money shall be released as the Owner determines are not r�quired to be retained to protect the Owner's interest in satisfactory completion of the Contract. � At the option of the Contractor, retainage st�all be paid to the Contractor in �ccordance with the f�llowing: � The Contractor may deposit bonds or securities with the Owner or in any bank or trust company to be he�d in lieu of cash retainage for the benefit of the Owner. In that event, the Owner shall ,� reduce the retainage in an amount equal to the value of the bonds and securities and pay tlie amount of the reduction to the Contractor. The interest on the bonds or securities shall be payable � to the Contractor as it accrues. Bonds and securities deposited or acquired in lieu of retainage shall be of a character appr�ved by the state treasurer inc�uding, but n�t litnited to: a. �ills, certificates, notes or bonds of Uraited States; M b. Other ohligati�ns af the linited States �r its a;�r�cies; � GenerallSpecs/Condms.gen O 1996 Bonestroo,Rosene. t�t�derlik&Associates,Ir.c. -34 - �