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! 5.1.7 The progr.ess payment amount determined in accordance with. Section 5.L6 shall be further modified unde1: the following circumstances: .1 Add, upon Substantial Completion of the Work, a sum sufficient to increase the total payments to the full amount of the Contract Sum, less such amounts as the Architect shall determine for incomplete Work, retainage applicable to such work. and unsettled claims; and (Section 9.8.5 of AlA Document A201-1997 requires release of applicable retainage upon Substantial Completion of Work with consent of surety, if any.) .2 Add, if final completion of the Work is thereafter materially delayed fhtough no fault of the Contractor, any additional amounts payable in accordance with Section 9.10.3 of AlA Document A20l-l997. ~ 5.1.8 Reduction or limitation of retainage, if any, shall be as follows: (If it is intended, prior to Substantial Completion of the entire Work, to reduce or limit the retainage resulting from the percentages inserted in Sections 5.1.6.1 and 5.1.6.2 above, and this is not explained elsewhere in the Contract Documents, insert here provisions for such reduction or limitation.) With satisfactory Droiect Drol!reSS and workmanshin. reiainal!e will cease once 7 .5% oftb~ contract amount bas been retained. ~ 5.1.9 Except with the Owner's prior approval, the ContraCtor shall not make advance paymen.ts to. suppliers for materials or equipment which have not been delivered and stored at the site. ~ 5.2 FiNAk PA~MEN.T ~ 5.2.1 Final payment, constituting the entire unpaid balance of the Contract Sum, shall be made by the Owner to the Contractor when: .1 the Contractor has fully performed the Contract except for the Contractor's responsibility to correct Work as provided in Section 12.2.2 of AlA Document A20l-l997, and to satisfy other requirements, if any, which extend beyond final payment; and .2 a [mal Certificate for Payment has been issued by the Architect. ~. 5.2.1 The Owner's final payment to the Contractor shaI1 be made no later than 30 days after the issuance of the Architect's final Certificate for Payment, or as follows: ~. N/A ARTICLE 6 TERMINATION OR SUSPENSION g IH The Contract may be terminated by the Owner or the Contractor as provided in Article 14 of AlA Dooumem A20l-l997. ~. 6.2 The Work may be suspended by the Owner as provided in Article 14 of AlA Document A20l-l997. ARTICLE 7 MISCELLANEOUS PROVISIONS ~ 7.1 Where reference is made in this Agreement to a provision of AlA Document A20l-l997 or another Contract Document, the reference refers to that provision as amended or supplemented by other provisions of the Contract Documents. ~ ti Payments due and unpaid under the Contract shall' bear interest from the date payment is due at the rate stated below, or in the absence thereof, at the legal rate prevailing from time to time at the place where the Project is located. (Insert rate of intereSt agreed iiJi(Jn, if any. J ) ner annum AlA OOCum8hf,(f01"""'.1991. copyrJght 01915,19'18,1925,1931,1951,1958,1961,1963,1967,1974,1977, 1987, 19918tid1997bYTMArmrrican. Institute of Architecls. All rights reserved. WARNING: This AlAe Document Is protected by U.S. Copyright Law and Internallonal Treaties. 4 UnauthorIzed reproduction or distribution of this AlAe Document, or any portion of II, may result In severe clvH and criminal penallles, and will be prosecuted to the maxImum extent possible under the law. This document was produced by AlA software at 08:49:03 on 0911512005 under Order 1'110.1 ()()0192558_1 which expires on 8111/2006, and is not for resale. User Noles: (691706547)