Acceptance and Payment for Construction

COL120106 CH. 69 IMPROVEMENT D ISTRICT L AW Upon completion of construction, the Director of Public Works shall certify to the Commission that the project is completed according to the plans and specifications. The Commission shall immediately inspect the construction and shall approve or reject the project. If the project is approved as completed, the Commission shall order final payment made from the Improvement District Revolving Fund. If not approved, the Commission may require such additional work as is necessary to meet the plans and specifications, before payment is ordered. If the construction is performed by the Department of Public Works, the payment shall be in the nature of reimbursement of its operating appropriation from the Improvement District Revolving Fund to the extent of the cost of construction not to exceed the total assessment. The Commission may authorize progress payments for construction upon an installment basis, but such payments may not total more than eighty percent (80%) of the total cost until final completion and acceptance.