Application for Final Payment definition

Application for Final Payment means Contractor’s final invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted, amounts owing to adjustments to the final Contract Sum resulting from approved change orders, and release of remaining Contractor’s retainage.

Application for Final Payment has the meaning given to it in Section 5.8.

Application for Final Payment has the same meaning as defined in UGC, Section 1.3.

Examples of Application for Final Payment in a sentence

• Final payment constitutes a waiver of all claims and liens by the Contractor except those specifically identified in writing and submitted to the ODR prior to the Application for Final Payment.

• On such deductions, the Owner will identify each deduction, the amount, and the explanation of the deduction on or by the 21st day after Owner's receipt of an approved Application for Final Payment.

• The A/E will review a submitted Application for Final Payment promptly but in no event later than ten (10) days after its receipt.

• The Contractor shall submit, prior to or with the Application for Final Payment, final copies of all Close-out Documents, maintenance and operating instructions, guarantees and warranties, certificates, Record Documents and all other items required by the Contract.

• Following the certified completion of all Work, including all punch list items, cleanup, and the delivery of Record Documents, the Contractor shall submit a certified Application for Final Payment.

• Prior to the expiration of this deadline, the A/E will either 1) return the Application for Final Payment to Contractor with corrections for action and resubmission or 2) accept it, note its approval and send to Owner.

• This certification must be provided no later than Contractor’s Application for Final Payment.

• Prepare Application for Final Payment as specified for progress payments, identifying total adjusted Contract Sum, previous payments, and sum remaining due.

More Definitions of Application for Final Payment

Application for Final Payment shall be submitted in accordance with the following: .1Final Payment shall not be due, and Contractor's Application For Final Payment shall not be considered, until the Contractor completes all of the Work in accordance with the Contract Documents including all prerequisites for a Certificate of Final Completion pursuant to Section 7.3. .2Unless at the time Contractor submits its Application for Final Payment express written notice is given by Contractor to Owner that Contractor is reserving unresolved Claims previously asserted in accordance with ARTICLE 14 and specified in such written notice, the receipt of payment by Contractor of its Application For Final Payment shall constitute a final and irrevocable release and waiver by Contractor of any and all Claims and causes of action for additional costs or damages whatsoever, whether direct, indirect or consequential, and whether arising in contract, tort or otherwise. This shall include, but not be limited to, any and all Claims or potential claims of Subcontractors and Vendors arising out of this Contract, whether or not any such Claims or potential claims arise in contract or in tort or were known or unknown at the time of submittal of the Application For Final Payment. .3When all conditions listed in Section 7.3 have been fulfilled and the balance set forth in the Application For Final Payment is due and payable, Owner shall make Final Payment to Contractor, together with all funds retained by Owner during the course of the Work. .4Final Payment shall not relieve Contractor of any obligations contained in this Contract which by their nature survive Final Completion, including indemnification obligations, correction obligations, and guarantee and warranty obligations.

Application for Final Payment. Has the meaning given in Section 5.13 of this Contract.

Application for Final Payment means a written statement submitted by General Contractor or any Separate Prime Contractor to Developer requesting its final payment for services rendered and/or materials furnished in connection with carrying out the Work following Final Completion of its Work.

Application for Final Payment means Design-Builder's written request for Final Payment of the Contract Price including reconciliation of all claims, changes or other proper adjustments to the Contract Documents, as described in Contract Section 7.5.1.