COMPLIANCE INFO_FILE 2 - Laserfiche WebLink

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REPRODUCED AT GOVERNMENTE E y . r � (a) The conditions described in the paragraph entitled "Payments to the Contractor." (b) The material must be within the county of the construction site. (c) The materials shall be adequately insured and protected from theft and exposure. (d) The materials shall not be susceptible to deterioration or physical damage in storage or in transit to the jobsite. Items such as steel, machinery, pipe and fittings, and electrical cable are acceptable for progress payments; items such as gypsum wallboard, glass, insulation, and wall coverings are not. Payments will not be made for materials in transit to the jobsite or storage site. 1.12.2 Obligation of Government Payments: The obligation of the Government to make any of the payments required under any of the provisions of this contract shall, in the discretion of the Officer in Charge of Construction, be subject to: (a) Reasonable deductions on account of defects in material or workmanship; and (b) Any claims which the Government may have against the Contractor under or in connection with this contract. Any overpayments to the Contractor shall, unless otherwise adjusted, be repaid to the Government upon demand. 1.13 CONTRACTOR'S INVOICE AND CONTRACT PERFORMANCE STATEMENT: Requests for payment in accordance with the terms of the contract shall consist of: (a) Contractor's Invoice on the form furnished for this purpose, which shall show, in summary form, the basis for arriving at the amount of the invoice, 1.14 EQUITABLE ADJUSTMENTS - WAIVER AND RELEASE OF CLAIMS: (a) Whenever the Contractor submits a claim for equitable adjustment under any clause of this contract which provides for equitable adjustment of the contract, such claim shall include all types of adjustments in the total amounts to which the clause entitles the Contractor, including, but not limited to, adjustments arising out of delays or disruptions or both caused by such change. Except as the parties may otherwise expressly agree, the Contractor shall be deemed to have waived: (1) any adjustments to which he otherwise might be entitled under the clause where such claim fails to request such adjustments; and (2) any increase in the amount of equitable adjustments additional to those requested in his claim. (b) The Contractor agrees that, if required by the Contracting Officer, he shall execute a release, in form and substance satisfactory to the Contracting Officer, as part of the supplemental agreement setting forth the i i i