-5-
ARTICLE SEVENTEEN -- PAYMENTS
17.1 Payments shall be made as provided in Article five
of this agreement.
17.2 Payments may be withheld on account of (1) defec-
tive Work not remedied, (2) claims filed, (3) failure
of MONA BUILDERS & DEVELOPERS, INC. to make payments
properly to Subcontractors for labor, materials, or
equipment or (4) damage to another contractor.
17.3 The making of final payment shall constitute a
waiver of all claims by the Owner except these arising
from (1) unsettled liens, (2) faulty or defective Work
discovered after Substantial Completion, (3) failure of
the Work to comply with the requirements of the Con-
tract Documents and code or (4) terms of any special
guarantees required by the Contract Documents. The
acceptance of final payment shall constitute a waiver
of all claims by MONA BUILDERS & DEVELOPERS, INC.
except these previously made in writing and still
unsettled.
* * * * * * *
ARTICLE NINETEEN -- MONA BUILDERS & DEVELOPERS, INC.
LIABILITY INSURANCE
MONA BUILDERS & DEVELOPERS, INC. shall purchase and
maintain such insurance as will protect from claims
under workman’s compensation acts and other employee
benefit acts, from claims for damages because of bodily
injury, including death, and from claims for damages to
property which may arise out of or result from MONA
BUILDERS & DEVELOPERS, INC. operations under this
Contract.
* * * * * * *
ARTICLE TWENTY TWO -- CHANGES IN THE CONTRACT
22.1 The Purchaser [petitioner and Ms. Davis] without
invalidating the Contract may order Changes in the Work
consisting of additions, deletions, or modifications,
the Contract Sum and the Contract Time being adjusted
accordingly. All such Changes in the Work shall be
authorized by written Change Order signed by the Pur-
chaser and Builder.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011