Agenda - 12-04-1995 - IX-A - Laserfiche WebLink

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5 ARTICLE 4 CONTRACT SUM 4.1 The Owner shall pay the Contractor in tomcat funds for the Contractoes performance of the Contract the Contract Suet of t Mil 'otns - Hodad Ej&Y`.tct ham, � � d 2000 Dollars (S-3,482,901 '). subject to additions and deductions as provided in the Contract Dowmants. 4.2 The Contract Sum is based upon the following alternates. if any. which are described in the Contract Documents and are hereby accepted by the Owner: (State the hrwbers Or dthV f*40eat(e01 W""Piid al(ernaw. I,fAwWons an cries aUouaw we ea be wade by the owner u4sevotm to the erecertton of rift A"waR attach a scieAmle of sw4 other alternow chow ft tin awa w.Ar gwA and nine date WWI wbdeh dot W"UW ds.d") ($f,Exhlbli-A-1 4.3 Unit prices,if any,at a follows. iI q�Tt LE 5 PROGRESS PAYMENTS 5.1 Based upon Applications for Payment submitted to the Architect by the Contractor and Certificates for Payment issued by the Architect.the Owner shall make progms p ytnants on account of the Contract Sum to the Contractor as provided below and elsawbere In the Contras Docments. 5.2111 period covered by each Application for Payment shall be one calendar mumb ending on the last day of the month,or as follows: 5.3 Provided an Application for Payment is received by the Architect not lacer tiara the hqL day are month,the Owner shall make payment to the C4tttnator not later than the. t1 ,day of tAe ,month. If an Application for Payment is received by the Architect altar the application date flood above. payment shall be made by the Owner ON tsar dun Pifteeltdays alter the Architect receives the Application for Payment- 5.4 Each Application for Payment"I be based upon the Schedule of Values submitted by One Contractor in accordance with the Contract Documents.The Schedule of Values shall allocate die entire Contract Sum same the various portkm of the Work and be prepared In such four and supported by such data to substantiate its accuracy as the Architect may require. Thin schedule. unless objected to by the Architect. shall be used as it basis for reviewing the Co tmtoes Applications for Payment. 8.S Applications for Payumat shall indicate the percentage of completions of each portion of the Work as of the and of the period covwed by the Application for Payment. 5.B Subject to the provislons of the Contract Documents, the amount of esab progress payment shall be computed as follows: 5.6.1. Take that portion of the Contract Sum properly allocable to completed Work sa determined by multiplying the percemage completion of each portion of the Work by the share of the total Contract Sues allocated to that portion of the Work in the Schedule of Values,leas retainage of TjM percent(Lo Lye) . Pending final determination of cost to the Owner of changes in the Work. atrounts not in dispute may be included as AIA oomumt Am AtA-CGrAa1T 1M7-ilia AMVWAX tN'irMM Or A8CWA CT%Ins REW Toll[AvgKM U.w.,MASM"a"K p.0 2006-Am WAMINO:Usman"o 1040 96J+w 4.t N*Vd*aw W is Wjw a Iso paNsOm n4 rw."am .bn�isrM e■.w wr.e"~~606 !AM MM eAd w M nem*AM wftM wAMlw well fun". Electronic Document Service A I O 1-1997 3