R2007-30 ACCEPTING BID AND AUTHORIZING CONTRACT

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I Alternate Bid No. 2—No cost change for factory fabricated aluminum spire. 4.3 Unit rices,if an ,are as follows: § P Y Description Units Price($0.00) 1. Replacement of rotten or damaged roof Square Foot $3.00 sheathing 2. Replacement of rotten or damaged Board Foot $7.00 fascia or sub-fascia. 3. Repair/replacement of damaged or Board Foot $33.00 rotten heavy timber decorative wood trusses. ARTICLE 5 PAYMENTS §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: §5.1.3 Provided that an Application for Payment is received by the Architect not later than the 15th day of a month,the Owner shall make payment to the Contractor not later than the Last day of the same month.If an Application for Payment is received by the Architect after the application date fixed above,payment shall be made by the Owner not later than Fifteen ( 15 )days after the Architect receives the Application for Payment. §5.1.4 Each Application for Payment shall be based on the most recent schedule of values submitted by the Contractor in accordance with the Contract Documents.The schedule of values shall allocate the entire Contract Sum among the various portions of the Work.The schedule of values shall be prepared in such form and supported by such data to substantiate its accuracy as the Architect may require. This schedule,unless objected to by the Architect, shall be used as a basis for reviewing the Contractor's Applications for Payment. §5.1.5 Applications for Payment shall indicate the percentage of completion of each portion of the Work as of the end of the period covered by the Applicarion for Payment. §5.1.6 Subject to other provisions of the Contract Documents,the amount of each progress payment shall be computed as follows: .1 Take that portion of the Contract Sum properly allocable to completed Work as determined by multiplying the percentage completion of each poRion of the Work by the share of the Contract Sum allocated to that portion of the Work in the schedule of values,less retainage of ( ).Pending final deternunation of cost to the Owner of changes in the Work,amounts not in dispute shall be included as provided in Section 7.3.8 of AIA Document A201-1997; .2 Add that portion of the Contract Sum properly allocable to materials and equipment delivered and suitably stored at the site for subsequent incorporation in the completed construction(or,if approved in advance by the Owner,suitably stored off the site at a location agreed upon in writing),less retainage of Ten percent ( 10% ); .3 Subtract the aggregate of previous payments made by the Owner; and AIA Document A101TM—1997.Copyright �O 1915,1918,1925,1937,1951,1958,1961,1963,1967,1974,1977,1987,1991 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. 3 Unauthorized reproduction or distribution of this AIA�' Document,or any portion of it,may result in severe civil and criminal penalties,and will be prosecuted to the maximum extent possible under the law. This document was produced by AIA software at 13:45:08 on 03/15/2007 under Order No.UNLICENSED which expires on 11/18/2007,and is not for resale. User Notes: (2272062370)