Agreement between Contractor and Owner
Agreement Between Contractor and Owner
Building Name
Project Description
SCC - 3 STANDARD CONSTRUCTION CONTRACT
Project No. P0000XXXX
Revised: September 2012
ARTICLE 4 - PROGRESS PAYMENTS:
The Owner shall make payments on account of the contract as provided in Articles 28, 29, 30 and 31
of the Standard General Conditions (1/98).
ARTICLE 5 - ACCEPTANCE AND FINAL PAYMENTS:
(a) Final payment shall be due thirty (30) days after substantial completion of the Work, provided the
Work be then fully completed and the Contract fully performed.
(b) Upon receipt of written notice that the Work is ready for final inspection and acceptance, the
Architect/Engineer shall promptly make such inspection and when he finds the Work acceptable
under the Contract and the Contract fully performed, he shall promptly issue a final certificate, over
his own signature, stating that the Work provided for in this Contract has been completed thereof,
and that the entire balance found to be due the Contractor, and noted in said final certificate, is due
and payable.
(c) If after the Work has been substantially completed, full completion thereof is materially delayed,
through no fault of the Contractor, and the Architect/Engineer so certifies, the Owner shall, upon
certificate of the Architect/Engineer, and without terminating the Contract, make payments of the
balance due for that portion of the Work fully completed and accepted. Such payment shall be made
under the terms and conditions governing final payment, except that it shall not constitute a waiver of
claims.
(d) Before issuance of any certificate, the Contractor shall fully comply with the Standard General
Conditions (1/98) regarding waivers of lien and sworn statements.
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