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i § 2.2 The Contract Time shall be measured from the date of commencement. I § 2.3 The Contractor shall achieve Substantial Campletion of the entire Work not later than Twenty ( 2p ) days from the date of commencement, or as follows: (Inseit number of calendar days. Alternatively, a calendar date may be used when coordinated with the date of commertcement. If appropriate, insert requirements for earlier Substantial Completion of certain portions of the w�� � See Attached Schedule Portion of Woric Substantial Completion Date , subject to adjustma►ts of this Contract Time as provided in the Contract Documents. (Insert provisrons, if arry, for liquidated damages relating to failure to achieve Substantial Completion on time or for bortus payments for early completion of the Work) � Liquidated damages of $200/day if failure to achieve substantial completion on time. ARTICLE 3 CONTRACT SUM § 3,1 'Ihe Owner shall pay the Contractor the Contract Sum in current funds for the Contractor's performance of the Contract.11ie Contr�d Sum shall be one of the following: (Check thc c�pro�priate box.) I [ X] Stipulated Sum, in accordance with Section 3.2 below (] Cost of the Work plus the Contractor's Fee, in accordance with Section 3.3 below [] Cost of th� Work plus the Contractor's Fee with a Guaranteed Maximum Price, in accordance with Section 3.4 below (Based on the selection above, complete Section 3.2, 3.3 or 3.4 below.) § 3.2 The Stipulated Sum shall be Fifteen 'Thousand Eight Hundred and 00/100 Dollars ($ 15,800.00 ), subject to I 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 ihe numbers or other idenh;Ftcation of accepted alternates. If the bidding or proposal documents permit the Owner to accept other alternates subsequent to the execution of this Agreement, attach a schedule of such other alternates showing the amount for each and the date when that amount expires.) § 3.2.2 Unit prices, if any: (Identify and state tlie unit price, and state the quantity limitations, if any, to which the unit price will be applicable.) I See Attached Exhibit "B" Contractor Schedule of Val Units and Limitations Price Per Unit ($0.00) § 3.2.3 Allowances included in the stipulated sum, if any: (Ic�ntt;fy allawance and state exclusions, if arry, from the allowance price.) Item Allowance AIA Document A107TM — 2007. Copyright � 1936, 1951, 1958, 1961, 1963, 1966, 1970, 1974, 1978, 1987, 1997 and 2007 by The American Institute of Architects. 3 Init. p,�� i9hts reserved. WARNING: This AIA Doeument Is protaeted by U.S. Copyright Law and Intematlonal Troaties. Unauthorized reproduction or distributlon of this AIA Document, or any portlon of k, may result in severe oNil and orlminal penaltles, and wiil be proaaeuted to tha maxlmum extent � possibie under tha Iaw. This document was produced by AIA software at 11 �15:12 on 11l04/2011 under Order No.0875262049_1 which expires on 10l29/2012, — and is not for resale. (945440306) User Notes: