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3.2 The Contract Sum is based upon the following alternates,if any,which arc described in the Contract Documents and arc hereby <br /> accepted by the Owner: <br /> (Slate Ilk,numlx rs or odx�ideittiificution of accepted altmwles./f dce isitnrs on other al[errtates are to/x,ntcule by I/W Uu hwrsuhaiyucnu to t/x.•erex utiwi rJ this A;retwitvtt, <br /> attach a schedule of such of&,r alternates showing the amount for each and Ilk,dale until which tbau amount is raltd) <br /> None <br /> 3.3 Unit prices, if any, are as follows: <br /> Deck Repair $2. 00/SQ.FT . <br /> Rail Curbs $100. 00 EACH <br /> Equipment Curbs $100 .00 EACH <br /> Blocking $2.00/80.FT . <br /> ARTICLE 4 <br /> PROGRESS PAYMENTS <br /> 4.1 Based upon Applications for Payment submitted to the Architect by the Contractor and Certificates for Payment issued by the <br /> Architect, the Owner shall make progress payments on account of the Contract Sum to the Contractor as provided below and else- <br /> where in the Contract Documents.The period covered by each Application for Payment shall be one calendar month ending on the <br /> last day of the month, or as follows: <br /> Retainage of 10% to be withheld from each payment request . <br /> 4.2 Payments due and unpaid under the Contract shall bear interest from the date payment is due at the rate stated below,or in the <br /> absence thereof, at the legal rate prevailing from time to time at the place where the Project is located. <br /> (Insert rate of interest agreed upon, if any.) <br /> None <br /> (Usury laurs and requirements under the Federal Truth in Lending Ad,similar state and local consumer credit taws and other regulations at the(hvner's and Contractor's <br /> principal places of business,the location of the Project and dsewbere may affad the validity of Ibis provision.Legal advice should be obtained udth respell to deletions or <br /> modifi cations,and also regarding requirements such as written disdasures or uuuw3) <br /> ALA DOCXMLtiW A107•ABBREVIATED OWNER-CONTRACTOR AGREEMENT•NINTH EDITION•AIAO •©1987 <br /> THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE,N.W.,WASHINGTON, D.C.20006 A107-1987 3 <br />