2006-03-13 Regular Meeting and Public Hearing

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-- ~ 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 identification of accepted alternates. If decisions on other alternates are to be made by the Owner subsequent to the execution of this Agreement, attach a schedule of such other alternates showing the amount for ~ach and the date when that amount expires) Alternate No.2 - Roofing: Add $96,646.00 Alternate No.3 - Drywall: Add $2,617.00 ~ 4.3 Unit prices, are as follows: ARTICLE 5 PAYMENTS ~i5.1PROGRESSPAYMENTS 55.ttBased upon Applications for Payment submitted to the Architect by the Contractor and Certificates for Payment issued by the Architect, the Owner shall make progress payments on accollntbfthe Contract Sum to the Contractor as proVided be1owandeh;ewhere in the Contract Documents. ~ 5.1.2 Thep~riod covered by ead1Application for Payment shall be one calendar month ending on the last day of the month, or as follows: S5.t3 Provided that an Application for Payment is received by the Architect not later than the First day of a month, the. ()wnershalLmake payment to the Contractor not later than the Twenty Fifth day of the same month;!! anp.pplication for Payment is received by the Architect after the application date fixed above, payment shall be madebythe>OwIler not later than thirty (30) days after the Architect receives the Application for Payment. ~5.1.4 Each Application for Payment shall be based on most recent schedule of values submitted?y theqontractor in accordance with the Contract Documellts, The schedule of values shall allocate the entire Contract Sum among the various portions of the Work. The scheduleofyallles shall be prepared in such form and supported bysuchdatato substantiate its accuracy as the Architect mayre9uire. This schedule, unless objected to by the Architect,$haUbe used as a basis for reviewing the Contractor's Applications for Payment. ~5.1.5Applications fo[Payment shall indicate the percentage of period covered by the Application for Payment. portion of the Work as of the end of the AlA Document A101™ -1997. Copyright @ 1915, 1918, 1925, 1937, 1951,1958,1961,1963,1967,1974,1977,1980,1987,1991 and 1997 by The American Institute of Architects. All rights reserved. WARNING: This AIA~ Document is protected by U.S. Copyright law and International Treaties. Unauthorized reproduction or distribution of this AIA~ Document, or any portion of it, may result in severe civil and criminal penalties, and will be 3 prosecuted to the maximum extent possible under the law. Purchasers are permitted to reproduce ten (10) copies of this document when completed. To report copyright violations of AlA Contract Documents, e-mail The American Institute of Architects' legal counsel, copyright@aia.org.