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a. Ninety-five percent(95%)of Work completed(with the balance being retainage). <br /> b. Ninety-five percent (95%) of cost of materials and equipment not incorporated in the Work (with the <br /> balance being retainage). <br /> 2. Upon Substantial Completion, Owner shall pay an amount sufficient to increase total payments to Contractor <br /> to 95 percent of the Work completed, less such amounts as Engineer shall determine in accordance with <br /> Paragraph 14.02.13.5 of the General Conditions and less 100 percent of Engineer's estimate of the value of <br /> Work to be accepted or corrected as shown on the tentative list of items to be completed or corrected attached <br /> to the certificate of Substantial Completion. <br /> 6.03 Final Payment <br /> A. Upon final completion and acceptance of the Work in accordance with Paragraph 14.07 of the General Conditions, <br /> Owner shall pay the remainder of the Contract Price as recommended by Engineer as provided in said Paragraph <br /> 14.07. <br /> ARTICLE 7—INTEREST <br /> 7.01 Not used. <br /> ARTICLE 8—CONTRACTOR'S REPRESENTATIONS <br /> 8.01 In order to induce Owner to enter into this Agreement Contractor makes the following representations: <br /> A. Contractor has examined and carefully studied the Contract Documents and the other related data identified in the <br /> Bidding Documents. <br /> B. Contractor has visited the Site and become familiar with and is satisfied as to the general,local,and Site conditions <br /> that may affect cost,progress,and performance of the Work. <br /> C. Contractor is familiar with and is satisfied as to all federal, state,and local Laws and Regulations that may affect <br /> cost,progress,and performance of the Work. <br /> D. Contractor has carefully studied all: (1)reports of explorations and tests of subsurface conditions at or contiguous <br /> to the Site and all drawings of physical conditions in or relating to existing surface or subsurface structures at or <br /> contiguous to the Site (except Underground Facilities) which have been identified in the Supplementary <br /> Conditions as provided in Paragraph 4.02 of the General Conditions and(2)reports and drawings of a Hazardous <br /> Environmental Condition, if any, at the Site which has been identified in the Supplementary Conditions as <br /> provided in Paragraph 4.06 of the General Conditions. <br /> E. Contractor has obtained and carefully studied (or assumes responsibility for doing so) all additional or <br /> supplementary examinations, investigations, explorations, tests, studies, and data concerning conditions (surface, <br /> subsurface, and Underground Facilities) at or contiguous to the Site which may affect cost, progress, or <br /> performance of the Work or which relate to any aspect of the means, methods, techniques, sequences, and <br /> procedures of construction to be employed by Contractor, including any specific means, methods, techniques, <br /> sequences, and procedures of construction expressly required by the Bidding Documents, and safety precautions <br /> and programs incident thereto. <br /> F. Contractor does not consider that any further examinations, investigations,explorations,tests, studies, or data are <br /> necessary for the performance of the Work at the Contract Price, within the Contract Times, and in accordance <br /> with the other terms and conditions of the Contract Documents. <br /> G. Contractor is aware of the general nature of work to be performed by Owner and others at the Site that relates to <br /> the Work as indicated in the Contract Documents. <br /> Standard Form of Agreement <br /> 00 52 00-3 <br />