Upon expiration of the 365 calendar days specified in Section 177.11, the City Engineer or the Director of Public Service shall satisfy himself by test, examination or otherwise that the work has been finally and fully completed in accordance with the contract and specifications, and shall make a final statement of the work done under the contract and the value thereof. Unless the same is found by the City to be incorrect, the City shall thereupon pay the entire amount due the contractor under this contract, after deducting all amounts to be kept and retained under any provision hereof. All prior estimates and payments shall be subject to correction in the final statement and payment, but in the absence of error or manifest mistakes, it is agreed that any estimate on the certificate of the Engineer or the Director, when approved by the City, shall be conclusive of the work done and materials furnished as shown therein. Before the final payment is made, the contractor must satisfy the City that all claims and bills for labor and material employed on or used in the performance of the contract have been fully paid and discharged.
(Ord. 33-1960. Passed 3-7-60.)