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~.Z The Contract Sum is based upon the following alternates, if any, which are described in the Contrad Documents and are
<br />~~Y ~Pted bY the Owner.
<br />(Sfate fhs num6eri or odxr idart~ation ~'ocospted alternatu. Ijdecisiona on other alternater are to bs made by the Owner sx6fequent to the erecution of ~h~
<br />~Bn~R anach a sclreduJe of t~cli dher allaiw~es showing the amount for eacJ~ and ths date unti! which tlrot amount is uaGd.J
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<br />ARTICLE 5
<br />PROGRESS PAYMENTS
<br />5.1 Based upon Applicadons for Payment submitted to the Architect ~t-d ~wiet~~ ,~ ~ by the Contrador and
<br />. ~, ,:::.. : : ..,
<br />CertiScates for Payment issuad by the A~+chitect, the Owner shall make progress payments on aooount of the Contr~ct Sum to the
<br />Contrac~or as provided below and elsewhere in the Contrad Documents.
<br />6•2 'I7~e period cavered by each Application for Payment shall be one calendar month ending on the last day of the month, ~
<br />es-feNews:
<br />5.3 Pmvid~od an Applicatioa for Payment is rooeived by the ArcWtect not later than the ';: ' p ~ daY of a month, the
<br />~WACf 5~1811 ~[C ~S}-IIICIIt t0 the COtltf$CtOi IIOt 1AtCt t~ld' Il thC ry r' '.:,
<br />~~t~i da3' of the :, month. If an Applica6on for
<br />Payme~ is reoeivnd by the Architoct after the application date fixed above, payment st~all beb made by the Owner not later than
<br />.. _.. daps after the ~-rclutect rooeives the Applicarion for Payment
<br />5.4 Each Applic;ation for Payment shall be b~sed upon the Schedule of Values submittod by the Contractor in aooordanoe with
<br />the Contrac,t Doaiments. The Schaiule of Values shall allocate the endre Contract Sum among the various 'ons of the Work
<br />and be pre~mned ia s~ch form and supportod by such data to substantiate its aocvzacy as the AroWtect ,;: ~.: ; w;:. maY require. TLis
<br />schedule, ualess obja~;ted to by the Arciutect ~;,..: ,:~; .,, shall be usad as a basis for reviewing the Conhactoe's Applica6oas for
<br />Paymen~
<br />b.5
<br />Applications for Payment shall indicate the
<br />AIA DOCUMENT A101 • OWNER-OONTRAC'[iOR A(3REEMENT • 1'WELFI'Ii EDITION • AIA • COPYRI(3HT 1987 • THE AMERICAN INS1TfUTE O~
<br />ARCHiTECi~, 1?33 NEW YORK AVENUE, N.W., WASHIN(3TON, D.C., 2000fr5292. WARMN(i; Unlioamed photooopying vio4ta U.S. oopyrigH la~va aad
<br />subjed b 1ege1 Pro~eaaion This doaunaK waa eledronicaqy peoduoed wdh pamiasion of the AIA and wa be reproduoed wN~aut vioWian utNil We date af w~aa aa
<br />noted 6elow.
<br />El~nic Forniat A101-1987
<br />User pocumerrt: A101 - 2/23/1999. AIA Lice~se Number 100632, which expires on 12R/1999 - Page #3
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