Common use of Wyo Clause in Contracts

Wyo. Stat. § 16-6-116 Final Payment Requirements: Final payment shall be made to Demolition Contractor after Demolition Contractor has submitted an application for final payment, including Final Payment Submissions, and a Certificate of Final Completion has been executed by Owner, Architect and Demolition Contractor. Such final payment shall be subject to the requirement of Wyo. Stat. § 16-6-116 and 117 providing for the publication in a newspaper of general circulation published nearest the point at which the Demolition Work is being carried on, once a week for three (3) consecutive weeks, and also post in three (3) conspicuous places on the Demolition Work, a notice setting forth in substance, that Owner has accepted the Demolition Work as completed according to the plans and specifications and rules set forth in this Agreement between Owner and Demolition Contractor, and that Demolition Contractor is entitled to final payment. The notice shall also set forth that upon the 41st day, with the notice specifying the exact date) after the first publication of the notice Owner will pay to Demolition Contractor the full amount due under the contract.