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§ 5.1.7.1.1 The following items are not subject to retainage:
<br />(Insert any items not subject to the withholding of retainage, such as general conditions, insurance, etc)
<br />Washington State and Local Sales Tax
<br />§ 5.1.7.2 Reduction or limitation of retainage, if any, shall be as follows:
<br />(If the retainage established in Section 5.1.7.1 is to be modified prior• to Substantial Completion of the entire Work,
<br />including modifications for Substantial Completion ofportions of the Work as provided in Section 3.3.2, insert
<br />provisions for such modifications)
<br />N/A
<br />§ 5.1.7.3 Except as set forth in this Section 5.1.7.3, upon Substantial Completion of the Work, the Contractor may
<br />submit an Application for Payment that includes the retainage withheld from prior Applications for Payment pursuant
<br />to this Section 5.1.7. The Application for Payment submitted at Substantial Completion shall not include retainage as
<br />follows:
<br />(Insert any other conditions for release of retainage upon Substantial Completion)
<br />§ 5.1.8 If final completion of the Work is materially delayed through no fault of the Contractor, the Owner shall pay
<br />the Contractor any additional amounts in accordance with Article 9 of AIA Document A201-2017.
<br />§ 5.1.9 Except with the Owner's prior approval, the Contractor shall not make 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 />the Contractor has fully performed the Contract except for the Contractor's responsibility to correct
<br />Work as provided in Article 12 of AIA Document A201-2017, and to satisfy other requirements, if any,
<br />which extend beyond final payment; and
<br />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 />Architect's final Certificate for Payment, or as follows:
<br />Upon confirmation by the Washington State Department of Revenue and the Washington State Department of Labor
<br />and Industries that all amounts due related to this project have been paid in full.
<br />§ 5.3 Interest
<br />Payments due and unpaid under the Contract shall bear interest fiom the date payment is due at the rate stated below,
<br />or in the absence thereof, at the legal rate prevailing from time to time at the place where the Project is located.
<br />(Insert rate of interest agreed upon, if any.)
<br />One -Half % Per Month % 0.5 Per month
<br />ARTICLE 6 DISPUTE RESOLUTION
<br />§ 6.1 Initial Decision Maker
<br />The Architect will serve as the Initial Decision Maker pursuant to Article 15 of AIA Document A201-2017, unless the
<br />parties appoint below another individual, not a party to this Agreement, to serve as the Initial Decision Maker.
<br />(If the parties mutually agree, insert the name, address and other contact information of the Initial Decision Make)-, if
<br />other than the Architect.)
<br />Inst. AIA Document A1010-2017. Copyright ©1915, 1918, 1925, 1937, 1951, 1958, 1961, 1963, 1967, 1974, 1977, 1987, 1991, 1997, 2007 and 2017 by The
<br />American Institute of Architects. All rights reserved. The "American Institute of Architects," "AIA," the AIA Logo, "A101," and "AIA Contract Documents" are
<br />registered trademarks and may not be used without permission. This document was produced by AIA software at 13:51:57 PT on 12101/2022 under Order
<br />No.2114266930 which expires on 0111012023, is not for resale, is licensed for one-time use only, and may only be used in accordance with the AIA Contract
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<br />User Notes: (1885500467)
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