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ARTICLE 4. PAYMENT PROCEDURES The OWNER will make progress payments on account of the Contract Price as provided in the GENERAL CONDITIONS, under Section 230, and as follows: 4.1 Progress and final payments with be on the basis of the CONTRACTOR'S Application for Payment as approved by the Parks and Recreation Director. 42 The OWNER shall retain 5% of the amount of each payment until final completion and acceptance of all wark covered by the Contract Documents. However, when the work is substantially complete, the retained amount may be reduced by the owner at its sole discretion below 5% to only that amount necessary to assure completion. 4.3 With the written approval of Bonding Company, a sum sufficient to increase the total payments of the CONTRACTOR to 98% of the Contract Price less retainage as the CITY OF ROSEVILLE shall determine for all uncompleted work and unsettled claims. 4.4 Upon final completion of the wark and settlement of all claims and receipt of Minnesota State Withholding Certificate the remainder of the Contract Price will be remitted in accordance with the Contract Documents. ARTICLE 5. CONTRACT DOCUMENTS 5.1 52 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.10 5.11 The Proposal Form. Special Conditions of the Specifications for Public Improvements. Special Conditions. General Conditions. Specifications. Plans and drawings, which are attached to Specifications are identified as: Proposal Package A Plans Proposal Package A Pre-Award Document Final Construction Plan Set Addenda 1, 2 and 3. Contract Bonds. Certificate of Acknowledgment. Form of Agreement. Notice of Award. This Agreement, together with the documents hereinbefore mentioned, for the Contract, and all documents are as fully a part of the Contract as if attached hereto or herein repeated. 900-1