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payment. The daily charges will be based on the original contract value, and will be in the amount shown in the <br /> following table: <br /> TABLE OF LIQUIDATED DAMAGES <br /> Original Contract Amount Charge Per <br /> From More than To and Including Calendar Day <br /> ($) M M <br /> 0 25,000 150 <br /> 25,000 100,000 300 <br /> 100,000 500,000 600 <br /> 500,000 1,000,000 1,000 <br /> 1,000,000 2,000,000 1,500 <br /> 2,000,000 5,000,000 2,000 <br /> 5,000,000 10,000,000 3,000 <br /> 10,000,000 ------- 3,500 <br /> ARTICLE 5—CONTRACT PRICE <br /> 5.01 Owner shall pay Contractor for completion of the Work in accordance with the Contract Documents an amount in <br /> current funds equal to the sum of the amounts determined pursuant to Paragraphs 5.01.A below: <br /> A. For all Unit Price Work, an amount equal to the sum of the established unit price for each separately identified <br /> item of Unit Price Work times the estimated quantity of that item as indicated in Contractor's Bid,attached hereto <br /> as an exhibit. <br /> As provided in Paragraph 11.03 of the General Conditions, estimated quantities are not guaranteed, and <br /> determinations of actual quantities and classifications are to be made by Engineer as provided in Paragraph 9.07 of <br /> the General Conditions. Unit prices have been computed as provided in Paragraph 11.03 of the General <br /> Conditions. <br /> ESTIMATED TOTAL OF ALL UNIT PRICE WORK $ $( ) <br /> (use words) (figure) <br /> ARTICLE 6—PAYMENT PROCEDURES <br /> 6.01 Submittal and Processing of Payments <br /> A. Contractor shall submit Applications for Payment in accordance with Article 14 of the General Conditions. <br /> Applications for Payment will be processed by Engineer as provided in the General Conditions. <br /> 6.02 Progress Payments;Retainage <br /> A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor's Applications <br /> for Payment on or about the 4a'Tuesday of each month during performance of the Work as provided in Paragraphs <br /> 6.02.A.1 and 6.02.A.2 below. All such payments will be measured by the schedule of values established as <br /> provided in Paragraph 2.07.A of the General Conditions(and in the case of Unit Price Work based on the number <br /> of units completed)or,in the event there is no schedule of values,as provided in the General Requirements: <br /> 1. Subject to the provisions of SC-14.02,progress payments will be made in an amount equal to the percentage <br /> indicated below but, in each case, less the aggregate of payments previously made and less such amounts as <br /> Engineer may determine or Owner may withhold, including but not limited to liquidated damages, in <br /> accordance with Paragraph 14.02 of the General Conditions: <br /> Standard Form of Agreement <br /> 00 52 00-2 <br />