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5.6 Subject to tl~e provisions of the Contract Documents, the amount of eacli progress payment shall be computed as follows: . ~ 5.6.1. Take that poriion of tl~e Contract Sum properly allocable to completed Work as determined by multiplying tl~e percentagc completion of each portion oC tlic Work by the sl~are of the total Contract Sum allocated to ihat portion of the Work in the Scl~edule of Values, Iess retainage of Gve percent ( 5%) . Pending final determination of cost to the Owner of changes in tlie Work, amounts not in dispute may be included as provided in Subparagrapl~ 7.3.7 of the General Conditions even tliougli tlie Contract Sum l~as not yct bcen adjusted by Cliange Order; 5.6.2 Add that poriion of the Contract Sum properly allocable to materials and equipment delivered and suitably stored at the sitc for subsequent incorporation in the wmpleted construction (or, if approved in advance bV the Owner, suilably stored off the site at a location agreed apon in writing), less retainage of percent (%); 5.6.3 Sabtract tl~e aggregate of previous payments made by tl~e Owner; and 5.6.4 Subtract amounis, if any, £e~-~kie~-fHe "~^~~~as witl-held or nullified pursuant to a Cerlificate 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 shall be further modi6ed under the following circumstances: 5.7.1 Add, upon Substantial Completion of the Work, a sum sui~icient to increase the total payments to ninety=five percent ( 95 %) of tlie Contract Sum, less sucl~ amounts as the (?wner ~s#~~es~ sliall determine for incomplete Work and unsettled claims; and 5.7.2 Add, if final completion of the Work is lhereafter materially delayed through no fault of the Contractor, any additional amounts payable in accordance with Subparagrapl- 9.10.3 of the General Conditions. 5.8 Reduction or limitation of retainage, if any, shatl be as follows: ~(Iji! is in~ended, priar to Subsranrial Cornple~ion ojthe entire Work, to reduce or limi~ (he retainage resul~ing jrom the percenlage: inserted in S~~bparagraphs S.G. J and 5.6.1 above, and ~his is not ~rplained elsewhere in the Can(rae~ Docrnnents, insert here provisions jor such reduc(ron or limita(ion.) n/a ARTICLE 6 FINAL PAYMENT Final payment, constituting tlie entire unpaid balance of tl~e Contract Sum, shall be made by the Owner to the Contractor when (1) the Contract has been fully performed by the Contractor escept for the Contractor's responsibility to correct nonconforming Work as provided in Subparagrapii 12.2.2 of the General Conditions and to satisfy other requirements, if any, whicli nooessarily survive final payment; and (2) a finai Certificate for Payment I~as been issued by the Arcl~itect and ackt~owledg~d by tlte Owner, such final payment shall be made by tl~e Owner not more ihan 30 days after the issuance of the Architect's final Certificate for Pa_yment:!'; eF- es-~eNew~ ARTICLE 7 MISCELLANEOUS PROVISIONS 7.1 Wl~ere reference is made in this Agree~nent to a provision of the General Conditions or another Conttact Document, tl~e reference refers to that provision as amended or supplemented by other provisions of the Contract Documents. ~ AIA DOCUMENT AI01 • O\~VNER-CONTRACTOR AGREEMENT • TWELFCH ED[TION • AIA • COPYRIGEiT 1987 • THE AMCRICAN INSTfIVfE OF ARCHCI'EC7'S, 1735 NEW YORK AVENUE, N.W., WASNINGTON, D.C., 20006-5292. WARNING; Llnlicensed phWocopying violates U.S. copyright laws and is subject lo lega) prosecution. 'iliis doa~ment was electronically produced wiUi permission ofUie A[A and can be re~xoduced without violation unlil Uie dale ofexpiration as txNcd below. Electronic Fonnat A101-1987 User pocument: A101 - 2/23/1999. AIA License Number 100632, which expires on 12/7/1999 -- Page #4