INVITATION TO BID - City of Champaign

(3) For failure of the Vendor to make property payments to its subcontractors and suppliers.20. Method of PaymentThe City shall disburse and shall have the right to act as agent for the Vendor indisbursing such funds as have been withheld pursuant to this paragraph to the party orparties who are entitled to payment therefrom (including the City). The City will render tothe Vendor a proper accounting of all such funds disbursed on behalf of the Vendor.A. Payment (If only one payment is allowed.): Payment will be made by the City aftercomplete performance of the Contract in accordance with all provisions thereof and uponsubsequent receipt by the City of a properly executed invoice together with waivers ofliens from all suppliers and subcontractors. Such invoice shall be accompanied bywaivers of liens or the equivalent from suppliers of work or materials stating that suchwork or materials have been paid for by the Vendor. Such invoice shall be paid by theCity within sixty (60) days of its receipt, except for those sums allowed to be withheldpursuant to the Contract. To the extent allowed by law, the Vendor agrees that it shallnot attempt to enforce provisions of the Local Government Prompt Payment Act inregards to this Contract.B. Payment (If more than one payment is anticipated.):1. The Vendor may submit to the City applications for partial payment for workperformed and materials incorporated in the work. Such applications shall beaccompanied by waivers of liens or the equivalent from suppliers of work ormaterials stating that such work or materials have been paid for by the Vendor.By submitting an application for payment, the Vendor warrants that allemployees, subcontractors, and materialmen have been paid to date for thelabor and materials contained in the application. Only one application for partialpayment may be submitted in any thirty (30) day period.2. Not later than sixty (60) days following the submission of the application forpayment, the City shall pay the Vendor for the amount of the work contained inthe application which has been found by the City to have been actuallyperformed less ten percent (10%) of such amount which shall be retained untilfinal payment, less other deductions authorized to be retained by other sectionsof these General Conditions.3. After final inspections by the City, the Vendor shall prepare its application for finalpayment and submit it to the City for its approval. The application for finalpayment shall contain the total cost of the work as set forth in the proposal lessall previous payments to the Vendor and be adjusted by the cost of all authorizedchange orders. Such application shall have attached thereto final lien waivers orthe equivalent for all labor and materials incorporated into the work from allpersons having supplied labor and materials under this Contract. The City shallpay to the Vendor, not later than sixty (60) days after such application is made,the amount which the City finds to be due and owing less deductions authorizedby these General Conditions.4. When the work is substantially completed, the Vendor shall notify the City’sRepresentative that the work will be ready for final inspection on a definite date.5. To the extent allowed by law, the Vendor agrees that it shall not attempt toenforce provisions of the Local Government Prompt Payment Act in regards tothis Contract.7 Form B-1 11/22/11