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Alternate No.l: Reclaimed Heart Pine Framing Members . Alternate No 2: Reclaimed Heart Pine Decking & Ceiling Alternate No 3: Reclaimed German Siding Alternate No 5: Reclaimed Heart Pine Flooring § 4.3 Unit prices, if any, are as follows: Description Units Price (~ 0.00) Fill Material, on site borrow $11 per cubic yard Fill Material, off site borrow $22 per cubic yard Open Cut Rock Excavation $250 per cubic yazd Trench Rock Excavation $300 per cubic yazd Pit/Footing Rock Excavation $250 per cubic yazd Replace Unsuitable Soils $27.50 per cubic yard Cut soil and remove off site $27.50 per cubic yazd #57 Stone Bacld-tll $60 per cubic yazd Lean Concrete Backfill $200 per cubic yazd ARTICLE 5 PAYMENTS § 5.1 PROGRESS PAYMENTS § 5.1.1 Based upon Applications for Payment submitted to the Architect by the Contractor and Certificates for Payment issued by the Architect, the Owner shall make progress payments on account of the Contract Sum to the Contractor as provided below and elsewhere in the Contract Documents. § 5.1.2 The period covered by each Application for Payment shall be one calendaz month ending on the last day of the month, or as follows: • § 5.1.3 The Owner shall make monthly payments to the Contractor within 25 days of receipt of an accurate, Architect-approved Application for Payment. The Contractor shall submit an accurate Application for Payment to the Architect no later than the 25~' of each month, or other mutually agreed upon date. § 5.1.4 Each Application for Payment shall be based on the most recent schedule of values submitted by the Contractor in accordance with the Contract Documents. The schedule of values shall allocate the entire Contract Sum among the various portions of the Work. The schedule of values shall be prepared in such form and supported by such data to substantiate its acctuacy as the Architect may require. This schedule, unless objected to by the Architect, shall be used as a basis for reviewing the Contractor's Applications for Payment. § 5.1.5 Applications for Payment shall indicate the percentage of completion of each portion of the Work as of the end of the period covered by the Application for Payment. § 5.1.6 Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed as follows: .1 Take that portion of the Contract Sum properly allocable to completed Work as determined by multiplying the percentage completion of each portion of the Work by the shaze of the Contract Sum allocated to that portion of the Work in the schedule of values, less retainage of Five percent ~( 5.00% ). Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included as provided in Section 7.3.8 of AIA Document A201-1997; .2 Add that portion of the Contract Sum properly allocable to materials and equipment delivered and suitably stored at the site for subsequent incorporation in the completed construction (or, if approved • in advance by the Owner, suitably stored off the site at a location agreed upon in writing), less retainage of Five percent (5.00% ); AIA Document A701TM -1997. Copyright ®1915, 1918, 1925, 1937, 1951, 1958, 1961, 1963, 1967, 1974, 1977, 1987, 1991 and 1997 by The American Init. Institute of Architects. All rights reserved. WARNING: This AIA® Document is protected by U.S. Copyright Law and international Treaties. Unauthorized ~ reproduction or distribution of this AIA° Document, or any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the / maximum extent possible under the law. This document was produced by AIA software at 11:20:26 on 12/17/2007 under Order No.1000325939 1 which expires on 10/14/2008, and is not for resale. - User Notes: (965695570] ,