Article 9.8.5 states that the "... Upon such acceptance, and consent of surety if any, the Owner shall make payment of retainage applying to the Work or designated portion thereof. Such payment shall be adjusted for Work that is incomplete or not in accordance with the requirements of the Contract Documents"
Does this mean that the Owner shall partially pay retainage after the issuance of the Certificate of Substantial Completion (and shall keep a portion for the "punchlist" items)?
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