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<br />,;rncu~ 5
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<br />PF;(ic;FE~S;3 Pf:\VMENTS
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<br />~.. -j L:L~ed U:JOr. ApplicFic',s fur P:lyrncm submitted w ti-,,: /uchitecr by the Contractor and Ccrofic:ucs for Payment issued bj [he
<br />'.rd::tccr, rilt Owner 5;13.11 :n_:'::; progress pJI'merltS on aCGlt::1( of the CamC<lct Sum to the Comr.:Clor as provided below :me
<br />':::..>:',:./h([<: in~he Contract [jccL;-:ncn~.
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<br />~',2 ;re t'<:riad cover~d ~)y CKh App:ir.:;:ioIl for Payrne1t shall be OIle Cak:lc!af month ending on the !2St day of the momh, or ;'3
<br />~ull':)\~'s:
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<br />t3.3 Provided;L'l Applic:nion for :Caymcm is received OJ' the Architect not later thaD the 3 rd day 0 f tile f 011 OVl i ng
<br />)d:YYiOf;:;fTlor\rh, the O~,1er shaU make p;:y:;:,:m to the Contracror nor I;1rc,- ,h:m
<br />the :L 0 th (by of (he ~; arne mafl[ll_ [f an Applicrlion fOT Payment is recei\'ed the
<br />Archirec[ after the :lpplicarion (h:e fc:ed ::oove, paym::m shaH be made by rhe O\vner not Lw::r [h:m
<br />20 d;r;s ::ener [re l.rcl1itccr recd I'CS rhe Al::plicuian far Paymenr_
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<br />5,4 Exh AppIic:?riofl for P::'YT,ent Sh:1U be based upon U1C Schedule of V::Juc:s submi!!cd by t1C COrHC<lc[or il1 accord:l!1ce with
<br />the Com.:Kt Docu.ments, The Schedule of V:llues 511;;]1 Jl!ocee [he entire Comr:Jct Sum amc);:g th:: v::uious pon:ons of the \,'or::
<br />and b~ prcp:lf:d in .such foriD. ;;:.nd sU!.J;:oncd by such GJ,r2 to :.:.ubst:1nriJre its Jccur;lCY as th:~ Archirect o1ay r('suire. This 's,':hecIu!c,
<br />llnk;js o':Jjec[cd [0 by the .\rc'':iu:cr s1:::1;1 be used JS ;1 b:LSls for reViewing the COI1[r;;((o(s ApplicHians for Payment.
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<br />5.S App1ic~i,Lic)r:s for P~.Y:T:'CI1l sh::U ~~dic:L[':= (he perccn::1ge of con1plction of CJch portion of the \,\'0:1-: ~}.s of the end of lhc period
<br />cQ'lcr~::j, by the AppEcation fo:: PJ.ymcnc
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<br />.',i,:') Sl'L~jeC[ [0 the ;:,.r-Qvisio:,s ~): the C:cnrr.;([ Dacllm:ms, :he amount of c\Ch progress payment :;hall be computed ;L'. follows:
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<br />5. ~L 1 T;;.ke rhzt ';,;o,:'tion of th,e COfl.tract SU!TI properl:/ 2Uoc:ble to completed \X'ork 2.5 detcrrnL:v::.tj by rnultiplying the percenlag;~
<br />cac~lplerj:)n of (,~lch portion r. C rhe \)/-ork by [he slnre of the [Ou1 CoOlEer Sum ::J10cHcJ 10 th:!: portion of the '\(:crk in the
<br />Schc:lu!e of Values, less ,c:;ur::l::;e of :) ( five) percent
<br />( 5 (X~). Pend.ing En:;.l detcrrninarion of case ~c th~ O\\'T1Cr of changes in the \XtorK, ~1111cunLS not in dispute rn:r:.: be
<br />jr,::iuci(~cj;JS provided in 7.),7 ofrhe GCl1er:::i Conditions even [hough the Comr;'Cl Sum h;,5 nOt ye: been :!cljusted by
<br />Ch:L!~Sc C)rcier;
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<br />~i.l3,2 Add [hat pcmjon of tlie COf1[:-;:C[ Sum prope:-iy :lroc:1~,ic ro matcri:l!s :mc! equ:pmcn,' delIVered :lrld sui[:Jbly s[on::! c.t [he
<br />site fer subseqUGH i:1Corporariocl in [he completed conslr11ction (or, if Jpprovcu in advance hv the Owner, suilably storec: off the
<br />sire d~ :t joc:~tion .Jgr::.:::d upon i:l IC'.5S ret;~inage of 'c i '.re
<br />'-""rcr'~r ( '5 C/ 'i' ' ~-.
<br />}j\,... ,-~.. \ 'U F'
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<br />5.6.3 Subr.r2CI the :2g~srega~"~ of l")[c'vious p2ynlentS n-.:~:dc
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<br />the Owner: :md
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<br />5.6,..::- 5ubr[Jct :UTIounts, if :::ny, for \\"hich the i\.rchircct has \'virhh~ld or nuIl1ficcl a Ccnific:J~,c for PJyment J..S provic.eci Ln Para.
<br />gr:1pll CJ.5 of [he GC:1ercl Conditions.
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<br />5.7 Ti,e progress payment ~llT\O'.:m r:ctcrminecl in :lCcoi'dance ';;I'ith PdIag.r:;ph 56 sh;:U be: fun her modified under [he fC!lo'i'..ing
<br />CirCL'r115t;lnces:
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<br />5.7.1 Add, upon Subs:ant21 of lhe \Ylork, ;:: SUi::! sufficient to incrcze [he IDU] p:1yments to ninety of ivc
<br />percent ( q ~ S-~) cf the Cr:Yltr;~Cl
<br />Surn. less 5uch :1.fT:ounts 35 rh,'~~ Axchir.c:r :::h211 dete::rninc for incornplerc \l;'ork ~uld unsealed cL1:rns; :1nd. -'
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<br />5."'l.? Add. if final corr;p!ction c;f tlie \'/ork is therCJ.fcer lT1J.tcri;-J!y delayed through no Lp01c of the Cont[:J.crof, :l..ny Jelc;jtior1J.l
<br />:,IdC'.'rlfS p2yab:e in J.ccorc::lflCe '.',-i[11 SUbp:Lr:;gr;:;ph 9, 1 O,:~ of [he Gencru Conditicns,
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<br />5,8 ~7.cr~~uctjon or lirnir:tt!on ':Jf r~~::jr;:":.;~~e, if anYl shJIl be as fc)lLJ\'/s:
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<br />(~.rif :;,; II/ft',:de,d. priur fo .)UbSfa;lif:.,'/ ~.(j";lphJ:l'(Jn of :bi:! entire 1'C'U!.~, to n:/uCf! o.r linH! {be rdahw;,;e n'su!iil1,f1. fun/t (be pt'rcc};!a,(~es inserted in .'ubparC/-
<br />gr({/,})s 5 (l.! {U!C,' 5 ()....? (i/)n/'!:. C/le! !/.J,'.' IS llU( <-'.Y[I/a!Jh'd dSI:t..1'lJen! IiI/hI! CUNtrOd DtJCUmt'1U::. ll~s..'rl b:.JI.! /dOl'ISl(J1!S fur such H'(]IlI.:tiUJl or lInn/otten.)
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<br />-~'--"---'---'--"-_._-"'----""---'-'-"'-'-'-'--'----'-.----..-.-----.-.___~.'--_..._"'_.~-_.-P_.,---,_____.____.____
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<br />/'..It. [:OCUMENT Ai0"i 1> O\:;.:\E;i.(:():.~T!l:\(:T()R ..\CHE1:~IE>';T Q .;-\i/t:LFTH EDIT!()~~" AlA'" 0 GJjtjH7
<br />THE .\\',~":HICA.'\ 1\~}.;Trt.':TE /.:U:l-ii--:-~:C-:'S, :7j; >:E\X," Y(HlK AVc,!'~L:::, :~"\\"". \r/:\Sll!.....:GTUN, D,C, 2Ir{)()(,
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<br />t\101.'18D7 iI
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