AG 2011 01 18 - Laserfiche WebLink

Home Browse Search

e. Certification by Licensed Professional At the option of the Fund, payments may be made only on the certificate and seal of an appropriately qualified licensed professional (e.g., licensed Professional Engineer) that the work for which the payment is requested has been completed in accordance with approved plans and specifications, to which certificate shall be attached an estimate by the construction contractor setting forth items to be paid out of the proceeds of each such payment. The Fund, at its option, may further require a certificate from such appropriately qualified licensed professional that the portion of the Project completed as of the date of the request for payment has been completed according to schedule and otherwise as approved by the Fund and according to applicable standards and requirements. However, the Fund may, at its discretion, make payments without requiring such certificates or construction contractor's estimate, in which event the Grant Recipient shall furnish the Fund a list of and the amounts of items to be paid out of the payment, or such other evidence as the Fund may require. f. Payment Based on Progress The Grant Recipient agrees to proceed with diligence to complete the Project according to the schedule set out in Exhibit A and shall show appropriate progress prior to each payment. Payment may be withheld or delayed if Grant Recipient fails to make progress on the Project satisfactory to the Fund. Amounts withheld shall be reimbursed with subsequent payments in the event that Grant Recipient is able to demonstrate an ability to resume satisfactory progress toward completion of the Project. g. Proof of Payment The Grant Recipient agrees to pay, as the work progresses, all bills for expenses incurred on the Project and agrees to submit to the Fund all such receipts, affidavits, canceled checks, or other evidences of payment as may be requested from time to time and, when and if requested by the Fund, to furnish adequate proof of payment of all indebtedness incurred on the Project. h. The Fund Retaining Portion of Funds until Project Completion The Fund will withhold payment from the Grant Recipient in the amount of $50,000 of the Grant until the Grant Recipient has satisfactorily submitted its grant contract final report. i. No Excess Costs The Fund agrees to pay or reimburse the Grant Recipient only for costs actually incurred by the Grant Recipient that do not exceed the funds budgeted for the Project on Exhibit B. j. Period for Incurring Expenditures The Fund will reimburse the Grant Recipient for allowable Project expenditures that are incurred by the Grant Recipient or its vendors only during the period between the Award Date and the Expiration Date of the Grant Contract. The Fund will not reimburse the Grant Recipient for Project expenditures that are not incurred during this period. k. Costs of Project Administration The Fund agrees to reimburse the Grant Recipient for administrative costs consisting only of costs of labor for administrative work conducted exclusively on this Project. The Grant Recipient's requests for such payment shall be made under the Project Administration line item of Exhibit B and shall conform to the following: (i) Costs allowable under the Project Administration line item shall be only costs of labor needed to comply with the general conditions of the Grant Contract (e.g., progress Cabarrus Soil and Water Conservation District CWMTF 2010 -703; Cox Mill School Stormwater BMPs A"4�" number 1 F -7