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~ --------~ - ARTICLE 1 THE WORK OF THIS CONTRACT 1.1 The Contl':lctor shall execute the entire Work described In the Contract Documents, except to the extent specific:llly indicated in the Contract Documents to be the responsibility of others, or :IS follows: "" ARTiClE 2 DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION 2,1 The date of commencement is the date from which the Contract Time of Paragraph 2.2 is measured, and shall be the date of this Agreement, as first written above, unless a different date is stated below or provision is made for the date to be fixed in a notice to pro- ceed issued by the Owner. (blSl.'I't the ckJle of commencemerrt. if il diffen from the dale of Ibis Agreemenl or, if applicable. slale Iballhe dale u'iII he fiJ..ed i" a "otice to proceed.) 2.2 The Contractor shall achieve Substantial Completion of the entire Work not later than February 28, 1992 (lmert tbe calendar dale or "umber of calendar days after the dale of commencement. Also imert any requirements for earlier Substantial Completion of certain por. tions of tlJe Work. if "01 slaled elseu'bere in Ibe Conlracl Documents.) (If the contractor achieves substantial Completi~n during the period ten (10) days prior to February 28, 1992, he will be paid $100.00 per day for each day he has completed the work early.) . subject to adjustments of this Contract Time as provided in the Contract Documents. (l"serl prO/'isions. if ''''y. [or liquidated ckJmaRes relal/ng 10 failure 10 complete on time.) .j"" Final Completion: March 1, 1992. The contractor will be assessed a penalty for each b d March 1, 1992, which is $100.00 per day. Maximum penalty day completion falls eyon will be $1,000.00 ARTICLE 3 CONTRACT SUM 3,1 The Owner shall pay the Contl':lctor in current funds for the Contractor's performance of the Contl':lct the Contl':lct Sum of Forty Two Tliousand Dollars (5 42,000.00 ), subject to additions and deductions as provided in the Contl':lct Documents. AlA DOCUMENT A107' ABBREVIATED OWNER.CONTRACTOR AGREEMENT. NINTH EDITION. AlAs. @19tli . THE AMERICAN INSTITUTE OF ARCHITECTS. 1735 NEW YORK AVENUE, N.W.. WASHINGTON, D.C. 20006 A107.1987 2 _"~. ~~""..-....-.....--..,,-lc"""" .._.......~......,~"'..".._.~.~._..._,-~.<:>., --,_..".