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~ ~ . 5.6 Subject to the provisions ot tlie Contract Documents, the amount of each progress payment shall be computed as follo~vs: , ~5.6.1. Take tl~at portion of tl~e Contract Sum properl_y allocable to completed Work as determined by multiplying the percentagc complclion of each portion of t(-c Work by the share of the total Contract Sum allocated to that poriion of the Work in the Scliedule of Values, icss rctainage of Gvc percent ( 5%) . Pending final determination of cost to the O~mer of cl~anges in tlie Work, amounts not in dispuie ma_y be included as provided in Subparagrapl~ 7.3.7 of tl~e General Conditions even thoagh ihe Contract Sum has not yc( bcen adjusted by Changc Order; 5.6.2 Add (l~at portion of tl~e Contract Sum properly allocable to materials and equipment delivered and suitab(y stored at tlie site for subsequent incorporation in U~e completed construction (or, if approved in advance by the Owner, suitably stored of~' lhe site at a location agreed upon in ~vriting), less retainage of percent (%); 5.6.3 Subtract the aggregate of previous payments made by the Owner, and 5.6.4 Subtract amounts, if any, ~-~v~~~e ,", ~~•~~~as withheld or nullified pursuant to a Certificate for Pa_yment as provided in Paragraph 9.5 of the General Conditions. 5.7 The progress payment amount detennined in accordance with Paragraph 5.6 sl~all be furlher modi6ed under the following circutnslances: 5.7.1 Add, upon Substantial Completion of tlie Work, a sum sufiicient to increase the total payments to ninety-five percent ( 95 %) of t(~e Contract Sum, less such amounts as the Owner:~c#~e~ shall determine fbr incomplete Work and unsettled claims; and 5.7.2 Add, if final completion of the Work is thereafter materia(ly delayed through no fault of the Contractor, anv additional amounts payable in accordance witl~ Subparagrapl~ 9.10.3 of the General Conditions. ~ 5.8 Reduction or limitation of retainage, if any, shall be as follows: ~(/f it is in(ended, prior ~o Substanlial Comple(ion ojthe en(ire Work, !o rediece or limit the retainage resul(ing jrom the percen(agea inserted in Si~bparagraphs S.G.1 and 5.6.2 abore, and Ihrs is not exp/ained e/sewhere in !he Conlract Documenls, insert here prorisions for such redr~c(ion or limitation.) n/a ARTICLE 6 FINAL PAYMENT Final payment, constituting tlie entire unpaid balance of the Contract Sum, shall be made by the Owner to the Contractor when (1) the Contract has been fully pedormed by the Contractor except for the Contractor's responsibility to correct nonconforming Work as provided in Subparagrapli 12.2.2 of the General Conditions and to satisfy otl~er requirements, if any, whicli nocessarily survive final payment; and (2) a finai Certificate for Payment has be~n issued by tlie Architect' and aCknowledged by tlte Ownet; such final pa_yment shall be made by the Owner not more than 30 days after the issuance of the Architect's final Certifcate for Pa_yment. ';-e~ ~s-fe~lew~ ARTICLE 7 MISCELLANEOUS PROVISIONS 7.1 Where reference is made in tl~is Agreement to a provision of tlie General Conditions or anotlier Contract Document, the reference refers to that provision as amended or supplemented by other provisions of the Coniract Documents. ~",A1A DOCUMENT A101 • OWNER-CONTRACTOR AGREEMENT • TWELFTH EDITION • AIA • COPYRIGFIT 1987 • THE AMBRICAN INSTITITI'E OF RCI~ITECTS, 1733 NEW YORK AVENUE, N.W., WASHINGTON, D.C., 20006-5292. WARNING; Unlicen,ced pho~ocopying violates U.S. copyright laws and is subjed lo legal prosecution. This document was electronically produced with pemiission ofthe AIA and can be reproduced without violation until Uie date ofexpiration as not~d below. Electronic Formal A101-1987 User pocument: A101 -- 2/23/1999. AIA License Number 100632, which expires on 12/7/1999 - Page #4