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~,2 The Contract Sum is basod upon tt~e following alternates, if ai-y, which are described in the Contract Doc,~vments a~ are
<br />her~eby aoceptod by the Owner.
<br />(SuNe fhe numbai or othsr id~ndfirntion ojoc+c~ptsd altana~u. ~IdecJsio~s a' othe~' alternares are to b~ made 6y Nu Owner subsequenr ro rhe ~urion ojrh~
<br />A~~~ anach a scJu~le of swch otlrir ousnatu t/awtng tbe amamt for sac/~ and Nie dats anBl wh7ch that amount is valid) .
<br />r:~:. ; ~;x; .e::~!Mrt. . '!+4 S.J, im;~rA:"::i:i".. ~•1' ' ~ :.;:.€..:.~,~rM: xn~,:.;r. ~ :;~,n:;:~ .
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<br />ARTICLE 5
<br />PROGRESS PAYMENTS
<br />r.:,::,:,:.ti~_~:K: ~:-~<x.. .. ..k~, _ ~'~. ~~x,%~y the Contractor and
<br />S.1 Basad upon Appiications for Payment submitted to the Arclutoct ~~ut~ , e~~~~' ., , ,.
<br />Certi6cates for Payment iss~fed by the Architect, the Owner shall make pcngress payments on acoount of the Contrad Snm to the
<br />Contractor as provided below and elstwhere in the Contrad Documents. .
<br />b,Z 'I7ie period oovered by each Applica6oa for Payment shall be one calendar month ending on the last day of the month, ~
<br />as-felie~~°s:
<br />5.3 Pravidad an Appiication for Payment is rec.eivod by the Arctutect not later than the ~~~~~ day of a month, the
<br />Owner shall make payment W tlu Contracxor not later than the ~ ~~~ daY of the month. ff an Application for
<br />~ ,ti:,.:: ... . .. n
<br />paymwt ia reoeiv~ed by the AreWtxt after the application date 5xod above, paytne t shall be made by the Ovnter tiot later than
<br />~:. ,~. days after the Architxt rooeives the Applic~ation for Payment
<br />Applica6ons for Payment shall indicate the
<br />of the Work as of the ~nd of the
<br />qIA DOCUMF,NT A101 • OWNER-OON['RACI'OR A(3REEMENT • TWELFI'H EDl'fION • AIA • COPYRI(3HT 1987 • TEiE AMERICAN INS111V1E O
<br />ARCH17'E(-'1'S. 1T33 NEW YORK AVENUE, N.W., WASHIN(3TON, D.C., 20006-5292. WARNIN(}; Uniiceneed photooopying vidata U.S. oopy~i~t bwa ~md~
<br />~ed 10 leg~l P~osea~tian. This aoaana~ w~s da~ronicxlly proauoea with pamiasi«~ dthe AIn ana can be re~oduoea wiUaut vioWian until me date oce~tioa
<br />tated below-
<br />Electronic Format A101-1987
<br />User pocumeM: A101 - 2/23/1999. AIA License Number 100632, which expires on 12I7/1999 - Page #3
<br />':k
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<br />~Ill~'~~!~1~~'°~'1~8i~ r~r i , .~~~~:~1'~"~~ ~~11~~~ ~'~, {1' ~~ ~'1~ ~~~f8 ~Qd ~~~, a~' ~~t~#. ,:! ~
<br />5.4 Eac~ Applicx~rion for Payment shall be ba.sed upon the Schedule of Values submitted by the Contractor in aooordanoe with
<br />the C~ Docmnents. The Schedule of Values shall allocate the entire Co~act Snm among the various rtions of the Work
<br />and be preparad in such form a~ supported by such data to substantiate its aocuracy as the Architoct :;:~ ;.,._:,:,,.: .. require. This
<br />schodule, unless objedod to by the Arclutoct~,, .,;;,;;`::;.::;:;v;, shall be usad as a basis for reviewing the Contracto~s Applications for
<br />PaYment~
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