PBC. The calendar monthly invoice will be totaled, and the AOC will place 7% of the total placed into the PBC Pool. The PBC Pool will be set aside and held in reserve until such time as the PBC is awarded per the PBC Plan. 9 23 Payment 9 24 Reasons to Withhold Payment 9 24.1 Defective work not remedied within three (3) Days of written notice to Contractor; 10
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Sources: Standard Agreement, Standard Agreement