Final Requisition Sample Clauses
The Final Requisition clause defines the process and requirements for submitting the last request for payment or materials under a contract. Typically, this clause outlines the documentation and approvals needed before the final payment is released, such as proof of completed work, lien waivers, or compliance certificates. Its core function is to ensure that all contractual obligations have been met before the final disbursement, thereby protecting both parties from unresolved claims or incomplete performance.
Final Requisition. The Final Requisition shall be submitted by the Borrower/Grantee within the Interim Period. The Interim Period may be extended only as approved in writing by an Authorized Officer of the Finance Authority, based on the Borrower/Grantee’s demonstration, to the reasonable satisfaction of the Authorized Officer of the Finance Authority, that unanticipated circumstances beyond the control of the Borrower/Grantee resulted in delaying the acquisition and completion of the Project, and submission of the Borrower/Grantee’s Final Requisition.
Final Requisition. Upon achieving Final Completion in accordance with Section 3.21 (Final Completion), the Design-Builder shall prepare and submit to the Owner a final Requisition. The final Requisition shall include:
(1) A certificate from the Design-Builder’s surety in a form, reasonably acceptance to the Owner, that the surety agrees that final payment of the Design-Build Price shall not relieve the surety of any of its obligations under the Performance Bond or the Payment Bond;
(2) a contractor’s affidavit regarding settlement of claims and complete and legally effective releases or waivers in a form provided by California Civil Code Section 3262 and acceptable to the Owner in the full amount of the Design-Build Price, or if any Subcontractor refuses or fails to furnish such release or waiver, a bond or other security acceptable to the Owner to indemnify the Owner Indemnitees against any payment claim; and
(3) a list of all pending property damage and personal injury or other insurance claims arising out of or resulting from the Design-Build Work, identifying the claimant and the nature of the claim.
Final Requisition. Upon achieving Final Completion in accordance with Section 4.23 (Final Completion), the Company shall prepare and submit to SRWA a final Requisition. The final Requisition shall include:
1. AIA Document G707 (Consent of Surety Company to Final Payment) or equivalent certifying that the surety agrees that final payment of the Design-Build Price shall not relieve the surety of any of its obligations under the Performance Bond or the Payment Bond;
2. AIA Document G706 (Contractor’s Affidavit of Payment of Debts and Claims) or equivalent certifying that the Company has been paid the Design-Build Price in full, except for any listed exceptions;
3. a conditional waiver and release on final payment or unconditional waiver and release on final payment submitted by the Company in the form provided by California Civil Code Section 8136 or 8138 and acceptable to SRWA;
Final Requisition. Upon achieving Final Completion in accordance with Section 9.7 (Final Completion), the DBOM Contractor shall prepare and submit to the BWS a final Requisition. The final Requisition shall enclose:
(1) American Institute of Architects (AIA) Document G707 (Consent of Surety to Final Payment) certifying the Surety agrees that final payment of the Fixed Design-Build Price shall not relieve the Surety of any of its obligations under the Design-Build Performance Bond or the Payment Bond;
(2) A contractor’s affidavit (and completed form DF-P-65, if requested by the BWS) regarding settlement of claims and complete and legally effective releases or waivers acceptable to the BWS in the full amount of the Design-Build Price, or if any Subcontractor refuses or fails to furnish such release or waiver, a bond or other Board of Water Supply, City and County of Honolulu Kalaeloa Seawater Desalination Facility Design-Build-Operate-Maintain Project Service Agreement Article 10 - Payment of the Design-Build Price security acceptable to the BWS to indemnify the BWS Indemnitees against any payment claim;
(3) A notarized Certification for Employment of State Residents on Construction Procurement Contracts, as required by Section 5.3 (Employment of State Residents on Construction Contracts);
(4) Tax clearances from the director of taxation of the State and the Internal Revenue Service as shown on the Hawaii Compliance Certificate;
(5) Certification from the DBOM Contractor (in the form prescribed by the BWS) affirming that the DBOM Contractor has, as applicable, remained in compliance with all laws as required under this Service Agreement;
(6) Evidence of continuing insurance as required by Section 18.1 (Insurance) and Schedule 18 (Insurance Requirements);
(7) Evidence that the DBOM Contractor is compliant on Hawaii Compliance Express pursuant to Section ▇-▇▇▇-▇▇▇, HAR; and
(8) A list of all pending property damage and personal injury or death insurance claims arising out of or resulting from the Design-Build Work, identifying the claimant and the nature of the claim.
Final Requisition. The Company shall prepare and submit to the City for purposes of demonstrating Final Completion:
(1) a certificate certifying (a) that all applicable Design-Build Work has been completed in accordance herewith and with the Technical Specifications, (b) that Acceptance of the Design-Build Improvements has occurred, and (c) all other conditions of Final Completion have occurred or been achieved; and
(2) a final Application for Payment. The final Application for Payment shall enclose:
(i) AIA Document G707 (Consent of Surety Company to Final Payment) certifying the Surety agrees that final payment of the Fixed Design-Build Price shall not relieve the Surety of any of its obligations under the Performance and Payments Bonds;
(ii) a contractor’s affidavit regarding settlement of claims and complete and legally effective releases or waivers acceptable to the City in the full amount of the Design- Build Price, or if any Subcontractor refuses or fails to furnish such release or waiver, a bond or other security acceptable to the City to indemnify the City against any payment claim; and
(iii) a list of all pending property damage and personal injury or death insurance claims arising out of or resulting from the Design-Build Work, identifying the claimant and the nature of the claim.
Final Requisition. At the time of submission of the final requisition for Project Costs relating to the Project, including all retainage of Project Costs, in addition to the requirements of Exhibit C, the Borrower shall provide to the Disbursing Agent and the Bondowner a Completion Certificate, in accordance with the provisions of Section 401(g).
Final Requisition. The Final Requisition shall be submitted by the Borrower/Grantee within the Interim Period. The Interim Period may be extended only as approved in writing by an Authorized Officer of the NMFA, based on the Borrower/▇▇▇▇▇▇▇’s demonstration, to the reasonable satisfaction of the Authorized Officer of the NMFA, that unanticipated circumstances beyond the control of the Borrower/Grantee resulted in delaying the acquisition and completion of the Project, and submission of the Borrower/▇▇▇▇▇▇▇’s Final Requisition.