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Section 9.8..E of AIA Document A201-2007 requires release of applicable retainage upon.
<br />Substantial Completion of ' Work with consent of f sure , if any.)
<br />.2 Add, if final completion of the Work is thereafter materially delayed through. no Fault of the
<br />Contractor, any additional amounts payable in accordance with Section 9.10.3 of AIA Document
<br />A201-2007.
<br />§ 5.1.8 Deduction or limitation of retai nage, if any, shall be as foil nws:
<br />(f it is intended, {prior to Substantial Completion of the entire Work, to reduce or limit the retain.age r,esalling from
<br />the percentages inserted in Sections 5,1.6 7 and 5.7.6.2 above, and this is not explained elsewhere in the Contract
<br />Documents, insert here provisions for such reduction or limitation.)
<br />§ 5,1,9 Except with the Owner -'s prior approval, the Contractor shall not male advance payments to suppliers for
<br />materials or equipment which have not been delivered and stored at the site.
<br />5,2 FINAL PAYMENT
<br />§ 5.2.1 final payment, constituting the entire unpaid balance of the Contract Sum, shall be made by the Owner to the
<br />Contractor when
<br />.1 the Contractor has fully performed the Contract except for the Contractor's responsibility to correct
<br />Work as provided in Section 12.2.2 of AIA. Document A201 -- -2007, and to satisfy other requirements,
<br />if any, which extend beyond final payment; and
<br />.2 a final Certificate for Payment has been issued by the Architect.
<br />§ 5.2.2 The Owner's final payment to the Contractor shall be made no later than 30 days after- the issuance of the
<br />Architects final certificate for Payment, or as follows:
<br />ARTICLE 6 DISPUTE RESOLUTION!
<br />§ 6.1 INITIAL DECISION MAKER
<br />The Architect will serve as Initial Decision baker pursuant to Section 15.2 of AIA Document A20 l -2007% unless
<br />the parties appoint below another individual, not a party to this Agreement, to serve as Initial Decision Maker.
<br />(If the parties mutually agree, insert the name, address and other contact information of the Initial Decision Maker,
<br />of other than the Architect.)
<br />§ 6.2 BINDING DISPUTE RESOLUTION.
<br />For any C i aim subject to, but not resolved by, mediation pursuant to Section 15.3 of AIA Document A201- -2007, the
<br />method of binding dispute resolution shall he as follows.-
<br />(Check the appropriate box. If the Owner and Contractor do not select a method of f binning dispute resolution
<br />below, or do not subsequently agree in writing to a binding dispute resolution method outer than litigation, Claims
<br />will be resolved by litigation in a court of competent jurisdiction.)
<br />[ ] Arbitration pursuant to Section. 15.4 of AIA Document A201. -2007
<br />[ ] Litigation in a court of competent j uri .sdiction
<br />[ ] Other (Specify)
<br />ARTICLE 7 TERMINATION OR SUSPENSION
<br />§ 7.1 The Contract may be terminated by the Owner or the Contractor as provided i.n Article 14 of AIA Document
<br />A201- 2007.
<br />§ 7.2 The Work may be suspended by the Owner as provided in Article 14 of AIA Document A201-2007,
<br />AIA Document Al 01'm - 2007. Copyright (D 1915, 1918, 1 928, 1937, 1951, 1958, 1 981, 1963, 1 997, 1974, 1 977, 1 987, 1991, 1997 and 2007 by The
<br />Init. American Institute of Architects. All Fights reserve: WARNING: This Ate Docurnont is protected by U.S, Copyright Low and International Treaties.
<br />Unauthorized reprcduclion or dlsUibullon of this Ale Document, or any portion of it, may result in severe civil and criminal p "+alties, and will tw
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<br />No.100035131D_1 which expires an 41712009, and is not for resate.
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