FINAL PAYMENT AND CLOSEOUT Sample Clauses

FINAL PAYMENT AND CLOSEOUT. 22.1 Upon completion of all the Work under this Contract, Contractor shall notify County, in writing, that Contractor has completed Contractor's part of the Contract and shall request final payment. Upon receipt of such notice County shall inspect the Work, and if acceptable, submit to the Public Works Director a recommendation as to acceptance of the completed Work and as to the final estimate of the amount due the Contractor. If the Work is not acceptable, County shall notify Contractor within fifteen (15) days of Contractor's request for final payment. Upon approval of this final estimate by the County, and compliance by the Contractor with provisions set forth in Section 22.2 below, County shall pay to the Contractor all monies due under the provisions of this Contract. Contractor shall submit its application for Final Payment within ninety (90) days after Substantial Completion, unless written extension is granted by County. Contractor shall not delay final payment application for any reason, including nonpayment of Subcontractors, suppliers, manufacturers or others not a party to this Contract, or lack of resolution of a dispute with County or any other person of matters arising out of or relating to the Contract. If Contractor fails to submit its final payment application within ninety (90) days after Substantial Completion, and Contractor has not obtained written extension by County, all requests or Claims for additional costs or an extension of Contract Time shall be waived.
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FINAL PAYMENT AND CLOSEOUT. Subcontractor’s final invoice for the Subcontract and release and assignment shall be submitted to RTI within sixty (60) calendar days following completion of the period of performance of the Subcontract. In the event that quick closeout is requested by RTI, Subcontractor shall comply with FAR Part 42.708 to complete the Subcontract closeout. Payment of the final invoice will be withheld pending: • Completion, submission, and acceptance by RTI of all work performed under the Subcontract’s Statement of Work • Completion of Subcontract Release and Assignment Form including patent/invention report, and property report; and • Clear, visible, and proper marking of “final invoice” on the actual final invoice.
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