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S 5.1.7.1.1 The following iterns are not subject to retainage:
<br />(Insert any itetns not subject to the withholding of retainage, such as genet.al cottclitions, insurance, etc.)
<br />Washineton State and Local Sales Tax
<br />S 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.I is to be modified prior to Snbstantful Contpletion of the entit.e l4/ork,
<br />including modificationsfor Substantial Completion of portions of the Work as providecl irr Section 3.3.2, insert
<br />p rovis ion s for s uch n odifi cati ons. )
<br />N/A
<br />$ 5.1 .7.3 Except as set forth in this Section 5. I .7.3, upon Substantial Completion of the Wor.k, the Conhactor may
<br />submit an Application for Payment that includes the retainage withheld frcm prior Applications for payment pursuant
<br />to this Section 5.1.'7. The Application for Payment subrnitted at Substantial Cornpletion shall not include retainage asfollows:
<br />(Insert any other conditions for release of retainage trpon substantial conryletion.)
<br />S 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 AZ0l10l7.
<br />$ 5.f .9 Except with the owler's prior apprcval, the Confractor shall not make advance payments to suppliers for
<br />matedals 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 Conhact Sum, shall be made by the Owner to the
<br />Conhactor when
<br />,1 the Contractor has fully perfotmed the Contract except for the Conh'actor's responsibility to correct
<br />Wotk as ptovided in A*icle 12 of AIA DocumentA20 l2An,and to satisfu other requirements, if any,
<br />which extend beyond final payment; and.2 a final Certificate for Payment has been issued by the Architect.
<br />S 5.2.2 The Owner's final payment to the Contractor shall be made no later than 30 clays after the issuance of the
<br />A;'chitect's final Cerlificate for Payment, or as follows:
<br />UPQn confirmation by the Washington State Department of Revenue and the Washineton State Department of Labor
<br />and Indush'ies that all amounts due related to this project have been paid in full.
<br />$ S.3lnterest
<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 thereo{ at the legal rate prevailing ffom time to time at the place where the Project is located.
<br />(Insert rate of interest ag.eed upon, if any.)
<br />One-Half % PerMonth % 0.5 Per month
<br />ARTICLE 6 DISPUTE RESOLUTION
<br />$ 6.1 lnitialDecision Maker
<br />The Architect will serve as the Initial Decision Maker pursuant to Article I 5 of AIA Document A20l 1017 ,unless the
<br />parties appoint below another individual, not a pafiy to this Ageement, to serve as the Initial Decision Maker.
<br />(If the patties nrutually agree, insert lhe name, add'ess and other contact inftrntarion of the luitial Decisiott Maker, if
<br />other than the Architect.)
<br />AIA Document A101@ -2017. Copyright
<br />American lnstilute of Architects. All rights
<br />o 1915, 1918, 1925,1937,.t 9s1, 1958, 1961, 1363, 1567 , 1974, 1s77 1S87, 1S91, 1997,2007 and 2017 by Thereserved, The'American lnstitute of Architects," "AlA," the AIA Logo, ',A 1Ol,'and 'AlA Contract Documenls" arereglstered trademarks and may nol be used without permission.This document was produced by AIA software at 13:51:57 pr on 1.2fi112022 undor orderNo.21 14266930 which expires on
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