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contractor for work performed under the lump sum price shall be based on <br />a veil-balanced schedule prepared by the contractor and approved by the <br />Avardin~ Authority or his designee who shall apportion the lump sum <br />price to the principal features entering into or forming a part of the <br />work under the lump sum price. ' <br /> <br /> Partial payment to the contractor for labor performed <br />under either a unit or lump sum price contract shall be made at the rate <br />of ninety per cent of the estimates prepared by the contractor and <br />approved by the Avardint A~£hority, provided that'all labor performed <br />after the ~ob is fifty per cent complete~, shall be paid for. at the rate <br />of one hundred per cent of the estimates submitted by the contractor and <br />approved by the Awarding Authority. <br /> <br /> (f) At the time ampad in the contract for payment to the <br />person, firm, corporation, partnership, or association withvhom or with <br />which it is made, the Awarding Authorization or his designee shall make <br />a full, accurate, and detailed estimate of the various kinds of labor <br />performed and mterials fu~ishet un,er the contract, with the ~ount <br />due for each kin~ of labor and uterial and the amount due in the at- <br />EreEate. The est~ate shall be based upon the actual measurement of <br />such labor and uteri·Is, ~ shall live the ~ounts of the precedinl <br />es~iu~e ~ni the ~ount of labor perfo~eg and ~terifls fumished since <br />the lt~t es~in~:e. From the date of completion or either acceptance or <br />occupancy by the City, a sufficient =ount shall be retained as addi- <br />tional security for ninety days for ~he faithful perfo~nce of the <br />contract, after which time ii the contract has been faithfully parroted <br />nothint shall be retaine~. <br /> <br /> (g) The estimates referred to in division (f) of this <br />section shall be filed by the Awarding Authority and a certified copy <br />thereof delivered to the Director of Finance. Unless othe~ise provided <br />in the contract or other documents incorporated into the con~ract, all <br />material and equipment shall become the property of ~he City upon its <br />installation or when it other~ise becomes a part of the building, <br />construction, alteration, addition or other improvement, provided that <br />the City reserves all of its rights and remedies against the contractor <br />or material provider under the contract and applicable law. <br /> <br /> Ail materials furnished and delivered after the Job is <br />fifty percent completed shall be paid for at the rate of ninety per cent <br />of the invoice value of the materials. The balance of such estimate <br />shall be paid when the material is incorporated into and becomes a part <br />of the building, construction, addition, i~provement, alteration, or <br />installation, unless the contractor does not prosecute the work with <br />diligence and as specified or intended in the contract. <br /> <br /> · ~hen the rate of york and amounts involved are so large <br />that it is deemed advisable by the Awarding Authority, estimates and <br />payments shall be made twice each month. <br /> <br /> (h) The general lays of Ohio pertaining to the State'· <br />prevailing wage lay shall be applicable under this section. <br /> <br /> (t) The.provisions of Section 153.$9 of the levlsed Code <br />of Ohio, to the extent appropriate to application to the City, shall <br />apply to persons, firms, corporations or other entities (the "Contrac- <br />tor'') oho contract with the City and the sub-contractors of such Con- <br />tractors. <br /> <br /> (~) The general lays of Ohio pertaining to the award of <br />any con£ract for the construction, reconstruction, improvement, en- <br />largement, alteration, repair, painting, or decorating of · public <br /> <br /> <br />