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(Insert number of calendar days. Alternatively, a calendar date may be used when coordinated with the date of <br />commencement. If appropriate, insert requirements for earlier Substantial Completion of certain portions of the <br />Work.) <br />Portion of Work <br />Substantial Completion Date <br />, subject to adjustments of this Contract Time as provided in the Contract Documents. 1 1 <br />(Insert provisions, if any, for liquidated damages relating to failure to achieve Substantial Completion on time or for <br />bonus payments for early completion of the Work.) <br />ARTICLE 4 LABOR CONTRACT SUM <br />§ 4.1 The Owner shall pay the Contractor the Contract Sum in current funds for the Contractor's performance of the <br />Contract. The Contract Sum shall be «One Million Four Hundred Fifty Thousand » ($ «1,450,000 » ), subject to <br />additions and deductions as provided in the Contract Documents. <br />[I <br />§ 4.2 The Contract Sum is based upon the following alternates, if any, which are described in the Contract <br />Documents and are hereby accepted by the Owner: <br />(State the numbers or other identification of accepted alternates. If the bidding or proposal documents permit the <br />Owner to accept other alternates subsequent to the execution of this Agreement, attach a schedule of such other <br />alternates showing the amount for each and the date when that amount expires.) <br />§ 4.3 Unit prices, if any: <br />(Identify and state the unit price; state quantity limitations, if any, to which the unit price will be applicable.) <br />Item <br />#1 - Remove Bedrock <br />#2 - Remove Unsuitable Material <br />#3 — Select Granular Material <br />#4 — Access Doors and Frames <br />#5 — Excavation and Re -compaction of <br />Undocumented Fill <br />1 <br />Units and Limitations <br />Cubic Yard <br />Cubic Yard <br />Cubic Yard <br />Door <br />Cubic Yard <br />§ 4.4 Allowances included in the Contract Sum, if any: <br />(Identify allowance and state exclusions, if any, from the allowance price.) <br />Item Price <br />Price Per ($0.00) <br />$100.00 <br />$ 17.50 <br />$ 22.50 <br />$200.00 <br />$ 12.00 <br />ARTICLE 5 PAYMENTS <br />§ 5.1 PROGRESS PAYMENTS <br />§ 5.1.1 Based upon Applications for Payment submitted to the Architect by the Contractor and Certificates for <br />Payment issued by the Architect, the Owner shall make progress payments on account of the Contract Sum to the <br />Contractor as provided below and elsewhere in the Contract Documents. <br />f' \I <br />§ 5.1.2 The period covered by each Application for Payment shall be one calendar month en4g on t last day of <br />the month, or as follows: <br />§ 5.1.3 Provided that an Application for Payment is received by the Architect not later than the «1st » day of a <br />month, the Owner shall make payment of the certified amount to the Contractor not later than the «30th » day of the <br />AIA Document A101'" - 2007. Copyright e 1915, 1918, 1925, 1937, 1951, 1958, 1961, 1963, 1967, 1974, 1977, 1987, 1991, 1997 and 2007 by The <br />American Institute of Architects. All rights reserved. WARNING. This AIA" Document is protected by U.S. Copyright Law and International <br />Treaties. Unauthorized reproduction or distribution of this AIA' Document, or any portion of it, may result in severe civil and criminal <br />penalties, and will be prosecuted to the maximum extent possible under the law. This draft was produced by AIA software at 16:00:34 on <br />03/17/2015 under Order No.73012857321 which expires on 06/14/2015, and is not for resale. <br />User Notes: (1717720420) <br />