1994-06-13 Regular Meeting - Laserfiche WebLink

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• • 4.1 Upon final completion and acceptance of the Work, and upon CONTRACTOR submitting to OWNER evidence in the form of an affidavit, that all bills owed by CONTRACTOR for labor, materials, and equipment associated with the PROJECT have been paid, OWNER shall then undertake to pay the amount provided in Article 3.3 or 3.5. No partial payments are contemplated in this agreement. 4.2 The making and acceptance of final payment will constitute a waiver of all claims by CONTRACTOR against OWNER. Article S. CONTRACTOR'S REPRESENTATIONS. 5.1 The CONTRACTOR makes the following representations to the OWNER: a. CONTRACTOR has examined and carefully studied the Contract Documents, given the OWNER notice of all conflicts, errors, ambiguities, or discrepancies discovered by CONTRACTOR, and the Contract Documents are generally sufficient to indicate and convey understanding of all terms and conditions for performance and furnishing of the Work. b. CONTRACTOR has visited the site and become familiar with and is satisfied as to the general, local and site conditions that may affect cost, progress, performance, or furnishing of the Work. C. CONTRACTOR is familiar with and is satisfied as to all federal, state and local laws and regulations that may affect cost, progress, performance, or furnishing of the Work. d. CONTRACTOR is a corporation duly organized and existing under the laws of the State of Texas. Joe M. Furlow, Vice President, has full corporate authority to enter into this Agreement and to obligate CONTRACTOR to the terms and conditions stated herein. CONTRACTOR is not in bankruptcy, or any other reorganization, either voluntary or involuntary, that affects its ability to perform the services contemplated in the Agreement. Article 6. INSURANCE. 6.1 The CONTRACTOR shall furnish proof of insurance in the following minimum amounts: 3