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e e 3.1 The date of commencement of the Work shall be the date of this Agreement unless a different date is stated below or provision is made for the date to be fIxed in a notice to proceed issued by the Owner. (Insert the date of commencement if it diffen from the date of this Agreement or, if applicable, state that the date will be fixed in a nolice to proceed.) Date to be specified in written "Notice to Proceed" If. prior to the commencement of the Work. the Owner requires time to file mortgages. mechanic's liens and other security interests. the Owner's time requirement shall be as follows: THIS DOCUMENT HAS IMPORTANT LEGAL CONSEOUENCES. CONSULTATION WITH AN ATTORNEY IS ENCOURAGED WITH . . .. RESPECT TO ITS COMPLETION OR 3.3 The Contractor shall achieve Substantial Complel1on of the enl1re Work not later than MODIFICA TlON. AUTHENTICA TION OF days from the date of commencement. or as follows: THIS ELECTRONICALL Y DRAFTED AlA (Insert number of calendar days. Alterna.lively. a calendar date may.be used when. coordinated wit~ the date t;f DOCUMENT MAYBE MADE BY USING AlA commen~ement. l1n!ess sta.ted elsewhere m the Contract Documents, msert any req~ments for earlier Substantial DOCUMENT D401 Completion of certaIn portions of the Work.) . Three hundred days from date specified in written "Notice to Proceed" 3.2 The Contract Time shall be measured from the date of commencement. AlA Document AlOl.I997, General .. . . .. Conditions of the Contract for . subject t~ ~dJu~tments of ~lS Contract Tlm~ as pro~lded m the Cont~act Documents. Construction, is adopted in this document (Insert proYlSJ.ons, if any. for -liquidated damages relating to failure to complete on time or for bonus payments for by reference. Do not use with other early completion of the Work.)., _J'.' nJ, 'h' J t . Bener", CO,IfiItlOns u ess" IS "ocumen IS Owner shall deduct from the final oayment a sum equal to $500/day per calendar day modified. for each and every calendar day work beyond date of substantial completion. ARTICLE 4 CONTRACT SUM 4.1 The Owner shall pay the Contractor the Contract Sum in current funds for the Contractor's performance of the Contract. The Contract Sum shall be Seven Hundred Twenty Thousand Dollars ($ 720.000.00 ). subject to additions and deductions as provided in the Contract Documents. This document has been approved and endorsed by The Associated General Contractors of America. 4.2 The Contract Sum is based upon the following alternates. if any. which are described in the Contract Documents and are hereby accepted by the Owner: (State the numbers or other identiOcation of accepted alternates. If decisions on other altemates are to be made by the Owner subseguent to the execution of this Agreement, attach a schedule of such other alternates showing the amount for each and the date when that amount expires) 4.3 Unit prices. if any. are as follows: ARTICLE 5 PAYMENTS II!!!!!' 5.1 PROGRESS PAYMENTS . 5.1.1 Based upon Applications for Payment submitted to the Architect by the Contractor and CertifIcates for Payment issued by the Architect. the Owner shall make progress payments ... .- on account of the Contract Sum to the Contractor as provided below and elsewhere in the ~.""_: Contract Documents. _ 5.1.2 The period covered by each Application for Payment shall be one calendar. month ending on the last day of the month. or as follows: Cl1997 AIAGD AlA DOCUMENT A101-1997 OWNER-CONTRACTOR AGREEMENT . . . .. . I The American Institute of Architects 5.1.3 PrOVided that an ApplicatIOn for Payment IS received by the Architect not ater than 1735 New York Avenue, N.W. the 1im1day of a month. the Owner shall make payment to the Contractor not later than the Washington, D.C. 20006-5292 ~ day of the ~ month. If an Application for Payment is received by the Architect after o 1915, 1918, 1925, 1937, 1951, 1958, 1961, 1963, 1967, 1974, 1977, 1987, (!) 1997 by The American Institute ot Architects. Reproduction of the material herein or substantial quotation of its provisions without written permission of the AlA violates the copyright laws of the United States and will subject the violator to legal prosecution. WARNING: Unlicensed photocopying violates US copyright laws and will subject the violator to legal prosecution. This document was electronically produced with permission of the AlA and can be reproduced in accordance with your license without violation until the date of expiration as noted below. User Document: al01 owner-contr.aia -- 2/15/2002. AlA License Number 1007489, which expires on 10/2/2002. 2