Common use of Final Settlement Application Clause in Contracts

Final Settlement Application. (1) Unless otherwise stipulated in the Special Terms of the Contract, the Contractor shall, within 7 days upon the issuance of the Defects Liability Release Certificate, ​ ​ ​ ​ ​ submit the Final Settlement Application according to the number of copies stipulated in the Special Terms of the Contract and relevant evidentiary materials to the Project Owner. Unless otherwise stipulated in the Special Terms of the Contract, the Final Settlement Application shall specify the Quality Deposit, the Quality Deposit that should be deducted and the increased or decreased expenses incurred during the Defects Liability Period. (2) If the Project Owner has objections to the Final Settlement Application, they shall have the right to request the Contractor to revise and provide supplementary data, and the Contractor shall submit the revised Final Settlement Application to the Contractor.

Final Settlement Application. (1( 1 ) Unless otherwise stipulated agreed in the Special Terms of the ContractContract Terms, the Contractor contractor shall, within 7 days upon after the issuance of the Defects Defect Liability Release Period Termination Certificate, ​ ​ ​ ​ ​ submit to the Final Settlement Application according to employer the final settlement application form in the number of copies stipulated agreed in the Special Contract Terms of the Contract and provide relevant evidentiary materials to the Project Ownersupporting documents. Unless otherwise stipulated agreed upon in the Special Terms of the Contractspecial contract terms, the Final Settlement Application final settlement application form shall specify the Quality Depositquality deposit, the Quality Deposit that should quality deposit to be deducted deducted, and the increased increase or decreased decrease in expenses incurred during the Defects Liability Perioddefect liability period. (2( 2 ) If the Project Owner employer has objections any objection to the Final Settlement Applicationcontents of the final settlement application form, they shall have it has the right to request require the Contractor contractor to revise make corrections and provide supplementary data, and the Contractor additional information. The contractor shall submit the revised Final Settlement Application final settlement application form to the Contractoremployer.