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7.3 Reserved. 7.4 Program Manager shall submit to The City its draft request for payment on or about the 25 h day of each month estimating the percentage of completion of each category in the breakdown of the Project Budget as referred to in Article 3 for approval by the City. The Designated City Representative shall review the Program Manager's request for payment and shall inform the Program Manager of any reasons why such request is not suitable for payment, if any. Prior to the submittal to the City, the City will review the requested percentage of completion for each activity. Provided the request is in proper form, the Program Manager shall submit the request to the City. The payment request will be in the format as provided by the City and will refer to the schedule. In the event of any difference between the City's estimate and Program Manager's estimate of completion of a breakdown item, the City's judgment shall prevail. 7.5 Upon receipt of a payment request, the City shall: 1. Review that request promptly for the purpose of determining if the payment request is a proper payment request; and 2. Return any payment request determined not to be a proper request suitable for payment to Program Manager as soon as practicable, but not later than fourteen (14) days after receipt. The returned request for payment shall be accompanied by a document setting forth in writing the reasons why the payment request is not proper. 7.6 Any progress payment which is undisputed and properly submitted shall be paid within thirty (30) days of submission to the City. If not so paid, the amount unpaid shall accrue interest to Program Manager equivalent to the legal rate set forth in subdivision (a) of Section 685.010 of the California Code of Civil Procedure. The number of days available to the City to make a payment without incurring interest pursuant to this Section shall be reduced by the number of days by which the City exceeds the fourteen -day return requirement set forth in this Article 7, Section 7.5.2. 7.7 In making these progress payments, the City will retain ten percent (10%) (of the direct cost component of the Project Budget only) of the estimated amount until final completion and acceptance of the work unless otherwise agreed upon by Program Manager and the City. When the work is substantially complete as defined in Article 5, the City shall retain a maximum amount of 5% and shall release to Program Manager all of any excess amount for disbursement to the Contractors. 7.8 Except as otherwise prohibited by law, Program Manager may elect to require the City to disburse to Program Manager payments payable to its Contractors without any retention, by causing the affected Contractors to post securities in accordance with California Public Contract Code Section 22300. 7.9 The City may withhold payment (in excess of retentions) or, on account of subsequently discovered evidence, nullify the whole or a part of any certificate of completion to 8