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I � ' � § 2.2 The Contract Time shall be measured from the date of commencement � �'� ( § 2.3 T'he Contractor shall achieve Substantial Completion of the entire Work not later than Twenty Seven j ( 27 ) days from the date of commencement, or as follows: (Irtsert number of calendar days. Alternatively, a calendar date may be used when coordinated with the date of commencement. If appropriate, insert requirements for earlier Sttbstantial Completion of certain portions of the ' Work.) � See Attached Schedule � Pottion of Work Substantial Completion Date I I �I , subject to adjastments of this Contract Time as provided in the Contract Documents. (Insert provisions, if arry, for liquidated damages relating to failitre to achieve Substantial Completion on time or for bonus payments for early completion of the Work) � Liquidated damages of $200/day if failure to achieve substantial completion on time. ARTICLE 3 CONTRACT SUM § 3.1 The Owner shall pay the Contractor the Contract Sum in current funds for the Contractor's performance of the Contract. The Contract Sum shall be one of the following: i (Check the appropridte box.) i � [ X) Stipulated Sum, in accordance with Section 3.2 below ! i [] Cost of the Work plus the Contractor's Fee, in accordance with Section 3,3 below [] Cost of the Work plus the Contractor's Fee with a Guaranteed Maximum Price, in accordance with Section 3.4 below (Based on the selection above, complete Section 3.2, 3.3 or 3.4 below.) ( § 3.2 The Stipulated Sum shall be Twenty Three Thousand Seven Hundred Eighty and 00/100 Dollars ($ 23,780.00 ), subject to additions and deductions as provided in the Contract Documents. � § 3.2.1 The Stipulated Sum is based upon the following alternates, if any, which are described in the Contract Documents and are hereby accepted by the Owner: (State the rasmbers or other fdentification of accepted alternates. If the bidding or proposal dociements per►nit the Owner to accept other alternates subseguent to the exec:�tion of this Agreement, attach a schedule of such other alternates shawing the amo:�nt for each and the date when that amacrnt expires.) § 3.2.2 Unit prices, if any: (Identify and state the trnit price, and state the quantity limitations, if arry, to which the unit price will be applicable.) I See Attached Exhibit "B" Contractor Schedule of Values Units and Limitations Price Per Unit ($0.00) § 3.2.3 Allowances included in the stipulated sum, if any: (Identifv allowance and state exclusions, if arty, from the allowance price.) Item Allowance AlA Document A107T" — 2007. Copyrl9ht m 1938,1951, 1858, 1961, 1963, 1965, 1870, 1974, 1978, 1987, 1997 aad 2007 by The American Institute of Architects. �i Init. ,q�� reserved. WARNING: This AIA Document Is protected by U.S. Copyright Law and Intematlonal Treaties. Unauthorized reproduction or I disUibudon of this AIA� Document, or any portion of R, may rasult in severe civil and crlminal panaltlea, and will De prosecuted to the maxlmum extent 3 � possibie underthe law. This document was produced by AIA sofiware at 14:59:26 on 04/OS/2011 under Order No.4716495922_1 which e�iros on 10/28/2011, end la not for resale. UserNotes: (1630881889) 4 �