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i completion of the work , the Engineer shall make up the final estimate of the total amount of work done , segregated as to contract item quantities and contract change order work, and the value of such work; and this amount, after deducting all previous payments and all amounts to be deducted and retained under the provisions of the contract , shall constitute the final payment . All prior estimates and payments shall be subject to correction in the final estimate. If, after 35 days from the recording date of the Notice of Completion of the contract, no liens or claims have been filed against the Contractor on account of the performance of this contract , the Agency will pay the entire sum found due as 1 provided above. Final payment to the contractor in accordance with the final ' estimate is contingent upon the contractor furnishing the Agency with a signed written release of all claims against the Agency arising by virtue of the contract. Disputed contract claims in stated amounts may be specifically excluded by the Contractor from the operation of the release. The release shall be in substantially the following form: The undersigned has been paid in full by the Agency for all labor , services , equipment and material furnished to the Agency on the project located in and does hereby waive and release the Agency , its officers, agents, and employees , from all claims and liability to the contractor arising out of, or in any way connected with , the contract, except for the ' disputed contracct claims specified below: Notice of disputed claim: Amount of Claim: $ Dated: (Name of Contractor) ' BY Signature Title rG8. 08 Liquidated Damages for Delay. It is agreed by the parties to this contract that time is the essence, and that in case all work called for under the contract is not completed in all respects and requirements within the time called for in ' G-43