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� s t Contract Project Name Page 2 of 5 ARTICLE 4. CONTA2ACT AMCIUNT AND PAYMENT DRAW SCHEDULE 4.1 The purchase price of the project shall be set at the stlm of Forty Six Thausand,Eight Hundred Six Dollars($46,806.00), subject to additians and deductions pursuant to authorized change orders and allowances. 4.2 PAYMENT DRA,W SCHEDULE FAYMENT#1.UPON ACCEPTANCE OF�'HIS CQNTRA,CT APAYMENT DRAW OF.................................................................$3,656.00.00 SHALL BE DUE PAYMENT#z.UPQN RECE�PT OF PERMITS A PAYMENT DRAW QF...............$$y044.OQ SHALL BE ICfUE PAYMENT#3.UPON INSTALLATION OF FOOTINGS AND SLAB A PAYMENT DRAW OF.................................................$12,ISO.OQ SHALL BE IDUE PAYMENT#4. UPON INSTALLATION OF CMU BLOCK,1'RUSSES,SHEETING ANI.1 DRY—IN A PAYMENT DRA.W......................................$10,044a40 SHALL BE DUE 1'AYMENT#5. UPON INS'1"ALLATION OF SCREEN WALLS&CEILING A PAYMENT DRAW OF...................................................$9,OQ4.O4 SFIALL BE DUE PAYMENT#6 UPON COMPLETION OF PROJECT A FINAL PAYMENT OF...........$4,000.00 SHALL BE DUE The Owner will make payments to the contractor pursuant to the above construction draw schedule as work required by said scheduie is satisfactorily completed. Owner shali make draw payrnents to contractor within 3 working days after reqnest by contractor, If payrnent is not received by the Contractor within(5)days after delivery of payment demand for work satisfactorily completed,contractor shall have the right to stop work or terminate the contract at his option. Termination by Cantractor under the provisians of this paragraph shall not relieve the Owner af the obligations of payments to Contractor far that part of the work performed priar to such termination. Termination by 4wner nnder the pravisions of this paragraph shall not relieve the Owner of the abligations af payments to Contractar for that part of the work perfarmed prior to such termination. ARTICLE G. DUTIES O�'T13E CONTRACTOR 6.1 All work shall be in accordance to the provisions of the plans and specifications. All systems shall be in good worki�g order. 6.B All work shall be completed in a workman like manner,and shall comply with all applicable national,sfate and lacal building codes and laws. 6.3 Atl work shall he perfarmed by Iicensed individuals to perform their said work,as outlined by law. 6.4 Contractox shali obtain aII permits necessary far the work to be colnpleted. 6,5 Contractor shall remove a11 canstr�ction debris and leave the praject in a broom clean condition. ARTICLE 7. CIWNER 7.1 The Owner shall comrnunicate with subcontractars only through the Contractor. '7.2 The Owner will not assume any liability or responsibility,nor have contral over or charge of constructio�a rneans,methods,techniques,sequerzces,procedures,ar for safety precautions and pragrams in connection with the project,since these are solely the Cvntractor's respansibitity. '7.3 The Owner shall provide access to jab site. 1.4 Keep small children and Pets clear of work site and alI work areas. '7.5 Make any and all changes to the original contract in writing and ensure that a Change Order form is completed,signed and paid for before thase changes are made. This is to insure that any and all speciat order items are ordered as soon as possible as to lessen the dawn time of job completion. 'T.6 The C3wner shall have ali items or ma#erials supplied by the awner at the job site the day of installation. The owner shall have the responsibility ta ensure that owner-supplied iterns are in a good and sufficient condition to be installed and that ail necessary parts to install such items are present(tight bulbs,hardware and etc.} The owner bears all responsibiiities pertainiung to the condition,perfarmance,and warranties af owner-supplied items. The cantractor shall install awner-supplied items"as is"and shalt beaa�no responsibility,either explicit or implied for the item or far its conditian,performance,or warranty. The contractar shall install owner-supplied items one time, if tl�e item or material has to be reiumed or reptaced it will be returned by the owner and reinstalled by the contractor with the owner paying for a removal and reinstallation cost(see change arder)the cost will be given to owner befare the work will be done and only upon acceptance of the change order by owner. The owner will pay for any additional subcontractor/cantractor charges that will be incurred if all supplies are not on job and sub has ta come back because of missing parts or materials supplied by owner. The owner shall not withoid draw payments due to owner's lack of having correct materials ar items on the job when specified. ARTICLE 8. CHANGE ORDERS 2 Initiated by: Owner Contractor