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<br />~ 4.3 Unit prices, if any, are as follows:
<br />
<br />Description
<br />Base Bid
<br />Controls - G&R Control (Deduct)
<br />Delete P-Tax unit in storage bldg (Deduct)
<br />Glycol back up system (Deduct)
<br />
<br />Units
<br />
<br />Price ($ 0.00)
<br />$184,500,00
<br />($20,191,00)
<br />($960.00)
<br />($2,240,00)
<br />
<br />ARTICLE 5 PAYMENTS
<br />~ 5.1 PROGRESS PAYMENTS
<br />~ 5.1.1 Based upon Applications for Payment submitted to the Architect by the Contractor and Certificates for
<br />Payment issued by the Architect, the Owner shall make progress payments on account of the Contract Sum to the
<br />Contractor as provided below and elsewhere in the Contract Documents.
<br />
<br />~ 5.1.2 The period covered by each Application for Payment shall be one calendar month ending on the last day of
<br />the month, or as follows:
<br />
<br />~ 5.1.3 Provided that an Application for Payment is received by the Architect not later than the Thirty-first day of a
<br />month, the Owner shall make payment to the Contractor not later than the Twentieth day of the following month,
<br />If an Application for Payment is received by the Architect after the application date fixed above, payment shall be
<br />made by the Owner not later than Forty-five ( 45 ) days after the Architect receives the Application for Payment.
<br />
<br />~ 5.1.4 Each Application for Payment shall be based on the most recent schedule of values submitted by the
<br />Contractor in accordance with the Contract Documents, The schedule of values shall allocate the entire Contract
<br />Sum among the various portions of the Work. The schedule of values shall be prepared in such form and supported
<br />by such data to substantiate its accuracy as the Architect may require. This schedule, unless objected to by the
<br />Architect, shall be used as a basis for reviewing the Contractor's Applications for Payment.
<br />
<br />~ 5,1,5 Applications for Payment shall indicate the percentage of completion of each portion of the Work as of the
<br />end of the period covered by the Application for Payment.
<br />
<br />~ 5.1.6 Subject to other provisions of the Contract Documents, the amount of each progress payment shall be
<br />computed as follows:
<br />
<br />.1 Take that portion of the Contract Sum properly allocable to completed Work as determined by
<br />multiplying the percentage completion of each portion of the Work by the share of the Contract Sum
<br />allocated to that portion of the Work in the schedule of values, less retainage of Ten percent (
<br />10,00% ). Pending final determination of cost to the Owner of changes in the Work, amounts not in
<br />dispute shall be included as provided in Section 7.3.8 of AlA Document A201-1997;
<br />
<br />.2 Add that portion of the Contract Sum properly allocable to materials and equipment delivered and
<br />suitably stored at the site for subsequent incorporation in the completed construction (or, if approved
<br />in advance by the Owner, suitably stored off the site at a location agreed upon in writing), less
<br />retainage of Ten percent ( 10.00%);
<br />
<br />.3 Subtract the aggregate of previous payments made by the Owner; and
<br />
<br />.4 Subtract amounts, if any, for which the Architect has withheld or nullified a Certificate for Payment
<br />as provided in Section 9.5 of AlA Document A201-1997.
<br />
<br />~ 5.1.7 The progress payment amount determined in accordance with Section 5.1.6 shall be further modified under
<br />the following circumstances:
<br />
<br />AlA Document A101™ -1997. Copyright @ 1915, 1918, 1925, 1937, 1951, 1958, 1961, 1963, 1967, 1974, 1977, 1980, 1987, 1991 and 1997 byThe
<br />American Institute of Architects. All rights reserved, WARNING: This AlA"' Document is protected by U,S. Copyright Law and International Treaties, 3
<br />Unauthorized reproduction or distribution of this AlA"' Document, or any portion of It, may result In severe civil and criminal penalties, and will be
<br />prosecuted to the maximum extent possible under the law, This document was produced by AlA software at 08: 11 :53 on 05119/2005 under Order
<br />No.l000150575_1 which expires on 12/812005, and is not for resale.
<br />User Notes: (3651112988)
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