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DocuSign Envelope ID:86A82C I 13-FF5C-45OF-A96B-7CF27BA522DB §5.1.7.1.1 The following items are not subject to retainage: N/A §5.1.7.2 Reduction or limitation of retainage,if any,shall be as follows: N/A 5.1.7.3 Except as set forth in this Section 5.1.7.3..upon Substantial Completion of the Work,the Contractor may submit an Application for Payment that includes the retainage withheld from prior Applications for Payment pursuant to this Section 5.1.7.The Application for Payment submitted at Substantial Completion shall not include retainage as follows: §5.1.8 If final completion of the Work is materially delayed through no fault of the Contractor,the Owner shall pay,the Contractor any additional amounts in accordance with Article 9 of AIA Document A2012017 Aa-qCLrLA-L&,r amc,%ArAs il %d-ar-- Wej- ' CE f §6.1.9 Except with the Owner's prior approval,the Contractor shall not make advance payments to suppliers for K materials or equipment which have not been delivered and stored at the site. §5.2 Final Payment §5.2.1 Final payment,constituting the entire unpaid balance of the Contract Sum,shall be made by the Owner to the Contractor when .1 the Contractor has fully performed the Contract except for the Contractor's responsibility to correct Work as provided in Article 12 of AIA Document A201-2017,and to satisfy other requirements,if any, which extend beyond final payment;and .2 a final Certificate for Payment has been issued by the Architect. §5.2.2 The Owner's final payment to the Contractor shall be made no later than 30 days after the issuance of the Architect's final Certificate for Payment,or as follows: §5.3 Interest Payments due and unpaid under the Contract shall bear interest from the date payment is due at the rate stated below, or in the absence thereof,at the legal rate prevailing from time to time at the place where the Project is located, Eight% 8% ARTICLE 6 DISPUTE RESOLUTION §6.1 Initial Decision Maker The Architect will serve as the Initial Decision Maker pursuant to Article 15 of AIA Document A201-2017,Unless the parties appoint below another individual,not a party to this Agreement,to Serve as the Initial Decision Maker. Init. AIA Document Al 01 2017.Copyright0 ISIS,1918,1925.1937.1951.1956,1961,1963,1987,1974,1977,1987,1991.1997,2007 and 2017 by The American Institute of Architects.Ali rights reserved.WARNING:This AIAP Document Is protected by U.S.Copyright Law and International Treaties. Unauthorized reproduction or distribution of this AIA6 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 09:03:49 ET on 03/0812019 under Order No.4860709151 which expires on 1010212019,and Is not for resale. User Notes: (1919377707)