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Alternate No-. E-l- Soong -O}Ilstruction-Electrical Work for the additional afll0Unt .of Six Thousand Dollars and NO'lloo (+$6.000.00). Alternate 'NO'. 'E-2 -Power Factor Correction for the additional amount O'fFifteen ThO'usand.FO'ur 'Hundred Dollars and No/I 00 (+$15.400.00) Alternate NO'. B-3 - Summer BO'iler fO'r the additional amount O'fOne Thousand Dollars and Noll 00 (+$1.000.00). ~ 4.3 Unit prices, if any, are as fO'llO'ws: Description N/A Units Price '($'6~ ARTICLE 5 PAYMENTS ~ 5.1 PROGRESS PAYMENTS ~,5.1.1 Based upDn ApplicatiO'nsforEayment submitted to' the Ar.chitectby.the .Contractor .and Certificates for Payment issued by the Architect, the Owner shall make progress payments O'n aCCDunt O'f the CO'ntract Sum to the CO'ntractO'r as provided below and elsewhere in the CDntract DO'cuments. ~ 5.1.2 The period cO'vered by each Application fO'r Payment shall be one calendar mO'nth ending on the last day O'f the mO'nth, or as fO'llO'ws: ~ 5.1.3 PrO'vided that an Application for Payment is received by the Architect nO't later than the Twenty-fifth day of a month, the 'Owner shall make paymentto the CO'ntractornO'tlater than the last day ofthefcil1owing month. If an ApplicatiO'n fDr Payment is received by the Architect after the applicatiO'n date fIxed abO've, payment shall be made by the Owner nDt later than FO'rty-Five ( 45 ) days after the Architect receives the ApplicatiO'n fO'r Payment. ~ 5.1.4 Each ApplicatiO'n fDr Payment shall be based Dn the most recent schedule O'f values submitted by the CO'ntractO'r in accordance with the CO'ntract Documents. The schedule O'f values shall allocate the entire Contract S urn. among the various portions of the Work.. The schedule of values shall be prepared in suchfollILand suppm:ted. by such data to' substantiate its accuracy as the Architect may require. This schedule, unless objected to' by the Architect, shall be used as a basis fO'r reviewing the CO'ntractO'r's Applications fO'r Payment. ~ 5.1.5 ApplicatiO'ns fO'r Payment shall indicate the percentage O'f cO'mpletion of each PO'rtiO'n of the Work as O'f the end of the periO'd cO'vered by the Application fO'r Payment. ~ 5.1.6 Subject to' other provisiDns of the Contract Documents, the amount of each progress payment shall be computed as fDllO'ws: .t Takefhat PO'rtiO'n of the Contract 'Sum properly a11Dcable to' completed Work as determined by multiplying the percentage cO'mpletion of each PO'rtion of the Work by the share O'fthe CO'ntract Sum allO'cated to that PO'rtiO'n of the WO'rk in the schedule O'f values, less retainage O'f Ten percent ( . HHlO% ).cPendingrmaldeterminationof'CClSttothe-Bwner of changes in the Work,. amounts nfit:in dispute shall be included as provided in Section 7.3.8 of AIA Document A20I-I997; I .2 Addiliat portion oJ the l2ontrac.t Sum properlyallocabletomate.rialsandequ.ip.mentdeliver.cdand suitably stored at the site for subsequent incorporation in the cO'mpleted cO'nstructiO'n (or, if approved in advance by the Owner, suitably stored O'ff the site at a lO'catiO'n agreed upon in writing), less retainage of Ten percent ( 10.00% ); .3 Subtract the aggregate O'fprevious payments made by the Owner; and .4 Subtract amO'unts, ifany, fDr which the Architect has withheld O'r nullified a Certificate fO'fP.ayment, as provided in SectiO'n 9.5 of AlA DO'cument A201-1997. AlA Document A1&1-......= 159-1. Copyright @llllS, 111-1'&, 19-25, 1931. 11151, 1115&. 1961, 11163; 1-1167,1914,1911,1001,1991 and- 1119-1 by-TIwAmerican Institute of Architects. All rights reserved. WARNING: This AlA" Document Is protected by U.S. Copyright Law and International Treaties. 3 Unauthorized reproduction or distribution of this AlAe Document, or any portion of h, may result In severe civil and criminal penahles. and will be prosecuted to the maximum extent possible under the law. This document was produced by AlA software at 09:38:11 on 09/15/2005 under Order No.1oo0192558_1 which expires on 8/11/2006, and is not for resale. User Notes: (1925418943)