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5.6 Subject to the provisions of the Contract Documents, the amount of each progress payment shall be computed as follows: ~5.6.1. Take that portion of the Contract Sum properly allocable to completed Work as determined by multiplying the percentage completion of eacl~ portion of the Work b_y the share of the total Contract Sum allocated to that poriion of the Work in tlie Sctiedule of Values. Iess retainage of Gve percent ( 5%) . Pending final determination of cost to the O~vner of clianges in tl~e Work, amounts not in dispute may be included as provided in Subparagraph 7.3.7 of the General Conditions even tliough the Contract Sum l~as not ycl been adjusted by Changc Order: 5.6.2 Add tl~at portion of thc Contract Sum properly allocable to materials and equipment delivered and suitably stored at tl-e sitc for subsequent incorporation in the completed construction (or, if approved in advance b_y tlie O~vner, suitably stored off the site at a location agreed upon in ~vriting), less relainage of percent (%); 5.6.3 Subtract tl~e aggregate of previous payments made by tl~e Owner; and 5.6.4 Subtract amounls, if any, £e~-wk+el~-~ke "~^~~-~as withheld or nullified pursuant to a Certificate for Payment as provided in Paragraph 9.5 of tl~e General Conditions. 5.T Tl~e progress payment amount detennined in accordance with Paragraph 5.6 shali be further modified under the following circumslances: 5.7.1 Add, upon Substantial Completion of the Work, a sum sufficient to increase the total payments to ninety-five percent ( 95 %) of the Contract Sum, less such amounts as the Uwner ~sl~ee~ shall determine for incomplete Work and unsettled claims; and 5.7.2 Add, if final completion of tlie Work is thereafter materially delayed througli no fault of tlie Contractor, any additional amounts payable in accordance wilh Subparagrapli 9.10.3 of tlie General Conditions. 5.8 Reduction or limitation of retainage, if any, shall be as fo(lows: ~fl~it is inlended, prior ro Subsran(ial Con~ple(ion oflhe enlire Work, to reduce or limit the retainage resulting from the percentages inserted in Subparagraphs S.G.I and 5.6.2 above, and lhis is not explained elsewhere in the Contract Documents, inserl here provisions for such red~~clion or limita(ion.) n/a ARTICLE 6 FINAL PAYMENT Final payment, constituting the entire unpaid balance of the Contract Sum, shall be made by the Owner to the Contractor when (1) the Contract l~as been fully performed by the Contractor except for the Contractor's responsibility to correct nonconforming Work as provided in Subparagraph 12.2.2 of the General Conditions and to satisfy other requirements, if any, wliicli nc~essarily su~vive final payment; and (2) a final Certificate for Payment has been issued by die Architect and aCknowledged by tlte Owner, such final payment shali be made by the Owner not more than 30 days after the issuance of the Architect's final Certi6cate for Payment. ';-e~- es-fe~lewsr ARTICLE 7 MISCELLANEOUS PROVISIONS 7.1 Where reference is made in this Agreement to a provision of the General Conditions or another Contract Document, tl~e reference refers to tliat provision as amended or supplemented by other provisions of the Contract Documents. ~4IA DOCUMENT A101 • OWNER-CONTRACI'OR AGREEMENT • TWELFI'H ED(TION • AIA • COPYRIGHT 1987 • THE AMGRICAN INSTIT(TfE OF ARCIi[TECTS, 1735 NEW YORK AVENUE, N.W., WASHINGTON, D.C., 20006-5292. WARNING; Llnlice~sed phMocopying violates U.S. copyright laws and is subjoct to legal prosec.~ution. 71iis document was eleetronically produced wiAi pem~ission of the A[A and ca~ be reproduced without violation until llie date of e~iration as ix~t~~! belotv. Electronic Fonnal A101-1987 User pocument: A101 - 2/23/1999. AIA License Number 100632, which expires on 12/7/1999 - Page #4