Contract Volume 75-77

Contract Volume 75-77

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 edition. Excerpt: ...after deducting from the amount or value stated in the last-mentioned certificate, all such sums as shall theretofore have been paid to the Contractor under any of the provisions of this contract, and also any sum or all such sums of money as by the terms hereof The City is or may be authorized to reserve or retain; provided, that nothing herein contained shall be construed to affect the right hereby reserved of the said Board to reject the whole or any portion of the aforesaid work, should the said certificate be found, or known to be, inconsistent with the terms of this agreement, or otherwise improperly given. All prior certificates upon which partial payments may have been made, being merely estimates, shall be subject to correction in the final certificate, which final certificate may be made without notice thereof to the Contractor, or of the measurements upon which it is based. interest in Art. XXXV. If the payment of the amount due the ca?e of delay in payment. Contractor on any estimate shall be delayed through fault of The City beyond the time stipulated in Article XXXII, in the case of partial payments, or Article XXXIV, in the case of final payment. The City shall pay the Contractor interest on such amount at the rate of 4yi per cent. per annum for the period of such delay. The term for which interest shall be paid shall be reckoned, in the case of a partial payment. from the thirtieth day after date of the estimate to the date of payment of the estimate and in the case of the final estimate, from the fortieth day after the acceptance of the work by the Board to the date of payment of the estimate. The date of payment of an estimate shall be considered the day on which the estimate is ready for payment, as evidenced by the...show more

Product details

  • Paperback
  • 189 x 246 x 4mm | 154g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236935292
  • 9781236935298