Common use of ACCEPTANCE AND FINAL PAYMENT Clause in Contracts

ACCEPTANCE AND FINAL PAYMENT. When the Contractor has completed the work in accordance with the terms of the Contract Document, he shall certify completion of the work to the Owner and submit a final Request for Payment, which shall be the Contract Amount plus all approved additions, less all approved deductions and less previous payments made. The Contractor shall furnish evidence that he has fully paid all debts for labor, materials, and equipment incurred in connection with the work, and upon acceptance by the Owner, the Owner will release the Contractor, any legal rights of the Owner, required guaranties, and will pay the Contractor's final Request for Payment.