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<br />ARTICLE 5
<br />PROGRESS PA VMENTS
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<br />5.1 Based upon Appllcallons for paymenl sllbmllled 10 Ihe A rchlle:cl by Ihe Conlraclor and Cenltlcales for PaymeOllssued by Ihe
<br />Archlcecl, Ihe Owner shall make progrcss paymcOls on aCCOllnl o( Ihe COOlraCI Sum 10 Ihe Conlraclor as provided below and
<br />elsewhere In Ihe Conlracr Docume:OIs.
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<br />5.2 The period covered by each Appllcallqn for Paymenl shall be one c:llendar mOOlh endlna on Ihe 14151 day of che momh, or as
<br />(ollowsl
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<br />See paragraIfl 5.3
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<br />6,3 Provlde~ lIn ItPpllcallon (or paymenl Is received by Ihe Archllecr nOII:lIer Ihan Ihe
<br />25th day ora momh,lhe Owner shall make paymeOllo Ihe Conlraclor nOllaler lhan
<br />Ihe lOth day o( Ihe follCMingntlmh. If an AppllCllllon (or Paymenlls received hy Ihe:
<br />Archllecl afler Ihe appllcallon dale tllted ahove, paymenr sh;lll he m:ldc hy Ihe Owncr nUl I:ller Ihan
<br />14 days ;lfler Ihe Archllecl receives Ihe AppllCllllon for Paymenr.
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<br />6.4 each Appllcallon for paymenr shall be hased upon Ihe Schedule of Values sllhmllled by lhe: Conrraclor In accordance wllh
<br />Ihe Comracl Documems. The Schedule: of Valucs shall alloCllle Ihe e:nllre Conrracl Sum among Ihe various pOri Ions of the Work
<br />and he prepared In such form and Sllpporled by such dala 10 suhslaml:ue: lis accuracy as Ihe Archllecl may require. This Schedule,
<br />unless ob/ecled 10 by Ihe Archllecl, shall be used as a basis for revlcwlnYlhe Commcrcr's Applle-.ulons for Paymenr.
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<br />5,5 Appllcallons for paymenl shall Indica Ie Ihe percemage of comple:llon of c:lch porllon of Ihe Work as of Ihe end of Ihe period
<br />covered by rhe Appllcallon for paymenl.
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<br />6,8 5uhlecI 10 Ihe provisions of Ihe Conlracr Documenls, Ihe amouOl of each proaress paymeOl shall be compuled as follows:
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<br />5,6.1 Take chal porllon of Ihe COnlraCI Sum properly allocahle 10 compleled Work as delermlned by mulllplylng Ihe percenrage
<br />complellon of each ponlon of Ihe Work by Ihe share of Ihe IOllll ConlraCI Sum alloCllled 10 Ihal ponlon of Ihe Work In lhe
<br />Schedule of Values. Icss rClalnage of ten perccOl
<br />( 10 %). Pending final delermlnallon of COSIIO Ihe Owner of changes In Ihe Work, amounu nOlln dlspule may be
<br />Included as provided In Subparagraph 7.3.7 of Ihe Generlll Condlllons even chough Ihe COOlraCI Sum has noc ye:1 be:en adlusled by
<br />Change Orderl
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<br />5.8.2 Add Ihar porllon of Ihe CoOlracl Sum properly allocable 10 malerlals and equlpmeOl delivered and sullahly srored allhe
<br />slle for suhsequenllncorporallo(! In Ihe compleled conslrucllon (or, If llpprovc:d In adVllncc hy Ihe Owner, sullahly Hlored off Ihe
<br />slle: :I111loc.lIlun :lllree:d upon In wrlllnll). IC:HS rellllnage of ten
<br />perccnl ( 10 %)i
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<br />6.8.3 Suhlracl Ihe aggregale of prevlolls paymellls made hy Ihe Ownerj and
<br />
<br />6,8,4 Sublract amoullIs. If any, for which Ihe Archllecl has withheld or nulltned a Cerltnc~lIe for PaymelllllS provided In Para-
<br />graph 9.5 of Ihe General Condlllons.
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<br />6.7 The progress paymen! amOllnl cJe:lermlned In accordance: wllh ParaBraph 5,6 shall he (IIrlhe:r modltled under Ihe following
<br />c1rCllmtilllnCetil
<br />
<br />5,7,1 Add. IIpon Subslanrlal Complellon of che Work, a sum suftlclen!co Increase Ihe 100al payments 10
<br />one hundred percen! ( 100 %) oflhe Conlracr
<br />Slim, less such amounts as Ihe ArchlleCI shall delermlne for Incomplele Work and unsellled c1almsj and
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<br />5.7.2 Add, If nnal complellon of Ihe Worle Is chereafter malcrlally delayed Ihrollgh no tJIIJc of Ihe Conlracror, any addhlonal
<br />amoun!S payable In accordance wllh SlIhpa.....Braph 9,10.3 of Ihe (lenc:r:11 Condlllons.
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<br />6,8 Rcducllon or IImllallon of ~elalna(le, If any, shall he as follows:
<br />
<br />(If /I Is IIIIumled. prlur lu S"bsIUII"'" /!W"{IIUllwl /JJ Ibe ell/lre Worlr. /(I rUI''''u "r 1lIIIIIIbe rUlulll/llJU "mlll"/llmlll Ib" pur.'lIluB" IJUurlld 11/ S"bpuru,
<br />I;"'/.b~ 5.6. I "',,' 5, II. J u,,"'.u. "'", 'M, I~ ,..., u>:/,I"/IIu&I u/suU'/wru III Oil' (.\.111,.,11' 1)"m"'.'II'~. /II"'rll,.',,u Jll'''''/';''"~ /",. ,lid. ,.ull","''''' "r 1I1II1'''';llll)
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<br />AlA DOCUlAENT 1.101 . OWNER,CONTRACTOR AGRI!IIMI!NT . TWI!I,HIIIIOITION . AlA- . @1!l1l7
<br />"IIE AMERICAN INS"ITIITH Of ARCIIITIlCTS. Ins NI!W YOIIK AVENIJI!, NW.. WAtiIIlNGTON. O.C.10006
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<br />A101.19B7 4
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