Common use of Notwithstanding Section 10 Clause in Contracts

Notwithstanding Section 10. 3.2 above, Owner will withhold from each progress payment, as retainage, ten (10) percent if the Contract Sum is at or below $400,000.00 or four and ninety-nine one hundredth (4.99) percent if the Contract Sum is above $400,000.00 of the total earned amount, or the amount set forth in Special Conditions or authorized by law.