Orange County NC Website
Browse       Search
AIA Document A101™ – 2017. Copyright © 1915, 1918, 1925, 1937, 1951, 1958, 1961, 1963, 1967, 1974, 1977, 1987, 1991, 1997, 2007 and 2017 <br />by The American Institute of Architects. All rights reserved. WARNING: This AIA® Document is protected by U.S. Copyright Law and <br />International Treaties. Unauthorized reproduction or distribution of this AIA® Document, or any portion of it, may result in severe civil <br />and criminal penalties, and will be prosecuted to the maximum extent possible under the law. This draft was produced by AIA software at <br />12:55:09 on 03/07/2019 under Order No. 2633407853 which expires on 02/16/2020, and is not for resale. <br />User Notes: (3B9ADA21) <br /> <br />3 <br /> <br />(Check one of the following boxes and complete the necessary information.) <br /> <br />[ « » ] Not later than « » ( « » ) calendar days from the date of commencement of the Work. <br /> <br />[ « » ] By the following date: « » <br /> <br />§ 3.3.2 If the Contractor fails to achieve Substantial Completion as provided in this Section 3.3, liquidated damages, <br />if any, shall be assessed as set forth in Section 4.5. <br /> <br />ARTICLE 4 CONTRACT SUM <br />§ 4.1 The Owner shall pay the Contractor the Contract Sum in current funds for the Contractor’s performance of the <br />Contract. The Contract Sum shall be « » ($ « » ), subject to additions and deductions as provided in the Contract <br />Documents. <br /> <br />§ 4.2 Alternates <br />§ 4.2.1 Alternates, if any, included in the Contract Sum: <br /> <br />Item Price <br />« » <br /> <br />§ 4.2.2 Subject to the conditions noted below, the following alternates may be accepted by the Owner following <br />execution of this Agreement. Upon acceptance, the Owner shall issue a Modification to this Agreement. <br />(Insert below each alternate and the conditions that must be met for the Owner to accept the alternate.) <br /> <br />Item Price Conditions for Acceptance <br />« Not Applicable » <br /> <br />§ 4.3 Allowances, if any, included in the Contract Sum: <br />(Identify each allowance.) <br /> <br />Item Price <br />« » <br /> <br />§ 4.4 Unit prices, if any: <br />(Identify the item and state the unit price and quantity limitations, if any, to which the unit price will be applicable.) <br /> <br />Item Units and Limitations Price per Unit ($0.00) <br />« » <br /> <br />§ 4.5 Liquidated damages, if any: <br />(Insert terms and conditions for liquidated damages, if any.) <br /> <br />« If the Contractor has not substantially completed the work within the specified contract time period and no time <br />extension is granted, the contract amount shall be reduced by the sum of five hundred ($500) dollars per day for <br />each day in excess of the scheduled date of completion. Deductions from the original contract amount will be <br />documented in the form of a Change Order. Should the Owner or Architect delay the starting time or any portion of <br />the work, an equitable adjustment will be made in the schedule. <br /> <br />If the Contractor has not completed the punch list items within fifteen (15) days of the substantial completion <br />inspection, the Owner will have the right to impose liquidated damages in the amount of five hundred ($500) dollars <br />for each consecutive day until all of the items are completed. <br /> <br />If the Contractor has not submitted the required closeout documents within thirty (30) calendar days after <br />Substantial Completion of the Work, the Owner will have the right to impose liquidated damages in the amount of <br />five hundred ($500) dollars for each consecutive day until all of the items are completed.» <br /> <br />Docusign Envelope ID: FA2D0569-6BCE-4E38-B3EE-9B3EFD09A753