~.2 The Contract Sum is based upon the following alternates, if any, which ar~e described in the Contrac;t Documents and are
<br />~'~Y ~Pted by the Owner:
<br />(SkMe Nis nwrrberr or ofher idenfificotion of ac+cspted altmwtes. !f declsions on other alter»atu are lo be made by the Ownsr subsequeht to !lx exccution ~'lhi~
<br />~1g~ a~tach a sehed~k ofsueh other auernatu slawr the anaunt each and ths date xnNl wliich that amoune is v~alid.)
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<br />ARTICLE b
<br />PROGRESS PAYMENTS
<br />5.1 Based upon Applicadons for Payment submitted to the Architect ~ ~; I~ .' ~ ~
<br />Certificates for Payment issued by the Architect, the Owner shall make progress paymen~~on~aooount~e yContra~ Sum ta ti~e
<br />Contraetor as pmvided below and elsewhe~e in the Contcac;t Documents.
<br />5.2 The period ao~ered by each Application for Payment shall be one calendar month ending on the last day of the month, e~•
<br />es-feAeas:
<br />b.3 Pmvided an Application for Payment is reoeived by the Architecc;t not late~ than the .":~;~..'. `.:,. ,;, ~: da}, of a montli, the
<br />Owner sball mak~e payment to the Contractor not later Wan the ~ da3' of the ~ : momh If an A~lication for
<br />Payine~t is reoeiv~ed by the Arclutxt after the application date fixod abo~ve, payment shall be made by the Owner not later than
<br />~. ::,,, °, days after the A~+cWtoct rooeiv~es the Appiicarion for Paymen~
<br />5.4 E~ A~lication for Payment shall be based upon the Schedule of Values submittod by the Contractor in aooordana with
<br />the CoMracx Doaunents. The Schedule of Values shall allocate the enti~e Contract Snm among the various 'ons of the Work
<br />and be preparod in such form and support~ed by such data to substantiate its accuracy as the Architect ,. °;, ._: maY require. This
<br />schedule, unless obje~tod to by tbe ArcWtect~~,.. :~; ..}, ,~ ::.
<br />;.;,:,; shall be used as a basis for reviewing ttte Contt~dor's Appiications for
<br />~~
<br />Applicadoas for Payment sliall indicate the
<br />AIA DOCIIMENT A101 • OWNER-CON1'RACPOR AGREEMENT • TWELFI'H EDfITON • AfA • OOPYR[UHT 1987 • THE AMERICAN INSTI'nTfE OF
<br />ARCHCfECI'S, 1735 NEW YORK AVENUE, N.W., WASHIN(3TON, D.C., 2000G-5292. WARNIIV(3; Unlioared photooopyiog vioWea U.S. oopyriglR hws aod is .
<br />noted belvw. ~'iltia doaunenl wes ebdronically produxd wiW pamissia~ of We AIA and aa be n;ptodnoed wiUaut viotdion wiW tt~e dde ofe~ian as
<br />Electronic Format A101-1987
<br />User pocumeM: A101 -- 2/23N 999. AIA License Numbe~ 100632, which expires on 12R/1999 - Page #3
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