Final Completion Payment Request Clause Samples

Final Completion Payment Request. In connection with the achievement of Final Completion in accordance with Section 33.4., the Design-Builder shall prepare and submit to the City and the Owner Representative a Final Completion Payment Request. The Final Completion Payment Request shall enclose: (1) A notarized affidavit in duplicate stating under oath that all Subcontractors, vendors, and other persons or firms who have furnished or performed labor or furnished materials for the Stage 2 Design-Build Work have been fully paid or satisfactorily secured; and if requested by the City, the Design-Builder shall submit further proof including waiver or release of lien or claims from any Subcontractors or Suppliers; (2) A certificate of the Surety for both the Performance Bond and the Payment Bond certifying that the Surety consents to payment for Final Completion and agrees that such payment shall not relieve the Surety of any of its obligations under the Performance Bond or the Payment Bond; (3) A general release executed by the Design-Builder waiving, upon receipt of payment for Final Completion, all claims arising out of or resulting from the Stage 2 Design-Build Work, except those claims made in writing to the City and remaining unsettled at the time of such payment, which claims shall be specifically listed in an attachment to the general release, identifying the claimant and the nature of the claim; and (4) Certificates of insurance confirming that required coverages will remain in effect consistent with the requirements of this Design-Build Contract.