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

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J 5 AR,TICg 4 CONTRACT SUM 4.1 The Owner shall pay the Contractor in current funds for the Contractor's performance of the Contract the Contract Suva of am Hundred Swim Thousand_ 0M Hundred and OOAOO Dollars {8107,100.00),subject to additions and deductions as provided in the Conbscs Documents. 4.2 The Contract Sum is based upon the following alternates, if any, which are described in the Contract Documents and art hereby accepted by the Owner. (Soon,eke members or otArr ldsatpleodan if accapW shernates. If Accufon on athw aahenwst are to be erode by tim ovn"tsr subsquent to the e:eeamw of Nks Avviraeot, anach a scked ds of zwh other elarrnates s6etet W ON amawd jor sack and dw dam oxHif"eh riot saratuw u vetltd) Hale Bid $85.000.00 Alternate 9-1 include in Sase Bid Alternate ernatse 9-2 $22,100.00 4.3 Unit prices,if nay,us as 10ows: Glass Lites deduct (12.00) ARMCaLE I 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 malt progress payments on account of the Contrau Sum to the Connactor as provided below and elsswhere in the Contrsrt Docase nts. 6.2 The period covered by each Application In Payment shall be one calendar month ending on the last day of the month, or as follows: 5.3 Provided an Application for Payment is received by ttee Architect not later dm the lames day of a month,the Owner shall make payment to the Contraictor not later tZsw th».To (10tiy of the aext month. if as Application for Payment is received by the Architect after the application date fixed above, payment shall be mule by the Owner not later than Ten .days after dw Architect receives tbs Application for Paymeai 3.4 Each Application for Payeeema shell be based upon the Schedule of Vahtes submitted by the Contractor in accordance with the Contract Docianis s. The Schedule of Values aball allocate ft entire Contract Sum among the various portion of do Work add be prepared in such form and supported by such data to substantiate its accuracy as the Architect clay require. This schedule. unless objected to by the Architect, shall be used as a basis for reviewing the Cmuntaft Applications for Payttteat. 6.5 Applications far Payment shall inducts the percentage of completion of each portion of the Work as of the end of the period covered by the Application for Payment. 5.6 Subject to the provisions of the Contract Documents, the amount of each progress payment shall be computed as follows: G.B.I. 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 share of the total Contract Sum allocated to that portion of the Work in the Schedule of halos:,less retainage of Ten percent(IQ%).Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute may be included as AIA -AM.tA►MOM IN?.Tea AleatVA0=ffrJN OF AxaffrMTS,ins Vtw TQAY AVVXJt.NN,WASODIGTOM.O.C.>seea•.aeL MAAMMM v.ew.ra p.amsoIe"•:•Isar It.f...ydwo,two ad Y @W*N r 4M Mr 1 Tfi.4mson"va. r/r Wwr Was" 1 Maerat ui rr M NMadavA widow.idAHw.sail I N711k Electronic Document Service A101-1967 3