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Docusign Envelope ID: DA4FA5BF-D9AF-4543-AD49-B8F98E2726F6 <br /> 7.4.1 Owner will retain five percent (5%) of each Application for Payment. Upon Design-Builder <br /> achieving Substantial Completion, the retainage shall be reduced as provided in the Cost Price <br /> Agreement, if at all. <br /> 7.5 Final Payment. Design-Builder shall submit its Final Application for Payment to Owner in <br /> accordance with Section 6.7 of the General Conditions of Contract. Owner shall make payment on Design- <br /> Builder's properly submitted and accurate Final Application for Payment (less any amount the parties may <br /> have agreed to set aside for warranty work) within thirty (30) days, provided that Design-Builder has <br /> satisfied the requirements for final payment set forth in Section 6.7.2 of the General Conditions of Contract. <br /> 7.6 Interest. Timeliness and interest due on payments to the Design-Builder are subject to and <br /> controlled by Chapter 2251 of the Texas Government Code. <br /> Article 8 <br /> Representatives of the Parties <br /> 8.1 Owner's Representatives. <br /> 8.1.1 Owner designates the individual listed below as Representative: <br /> Marcus Naiser <br /> Assistant Director of CIP <br /> Capital Improvements/Engineering <br /> 630 E Hopkins <br /> San Marcos, Texas 78666 <br /> 512.393.8376 <br /> mnaiser@sanmarcostx.gov <br /> 8.1.2 Design-Builder designates the individual listed below as its Representative. <br /> Hillary Fontenot <br /> Section Manager—Construction/Water <br /> Burns & McDonnell <br /> 777 Main Street <br /> Fort Worth, Texas 76102 <br /> 817.570.0888 <br /> hfontenot@burnsmcd.com <br /> Article 9 <br /> Bonds and Insurance <br /> 9.1 Insurance. Design-Builder shall procure the insurance coverages set forth in the Owner's Insurance <br /> Rider attached hereto. <br /> 9.2 Chapter 2253 of the Texas Government Code requires performance and payment bonds be <br /> provided by Design-Builder for this Project. Bonds shall be written on the forms included as exhibits to this <br /> Agreement. <br /> DBIA Document No.545 Page 10 <br /> Progressive Design-Build Agreement for Water and Wastewater Projects <br /> © 2022 Design-Build Institute of America <br />