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(Insert number of calendar days.Alternatively, a calendar date may be used when coordirrated with the date of commencement.If appropriate, insert reguirements for earlier Substantial Completion of certain portions of the Work.) Portion of Wo�k Substantial Completion Date ,subject to adjustments of this Contract Time as provided in the Contract Documents. (Insert provisions, if arry,for liquidated damages relating to fai[ure to achieve Substantial Completion on time or for bonus payments for early completion of the Work.) ARTICLE 4 CONTRACT SUM �4.1 The Owner shall pay the Contractor the Contract Sum in current funds for the Conh-actor's performance of the Contract.The Contract Sum shall be Two Hundred Ninety-Seven Thousand Dollazs and 00/100($297,000.00), subject to additions and deductions as provided in the Contract Documents. §4.2 The Cantract Sutn is based upon the following alternates,if any,which are described in the Contract Documents and aze hereby accepted by the Owner: (State the numbers or other identification of accepted a[ternates.If the bidding or proposa!documents permit the Owner to accept other alternates subsequent to the execution of this Agreement, attach a schedule of such other alternates showing the omount for each and the date when that amount expires.) §4.3 Unit prices,if any: (Idenh;fy and state the unit price;state quantity limitations, if any, to which the unit price will be applicable.) Item Units and Limitations Price Per Unit(50.00) §4.4 Allowances included in the Contract Sum,if any: (Identify allowance and state�.rclusions,if arry,from the allowance price.) � Price Landscape/Irrigation $5,000.00 Repair Site Light Poles $2,000.00 Repointing Brick $1,000.00 Mechanical Work as Required $5,000.00 ARTICLE 5 PAYMENTS §5.1 PROGRE8S PAYMENTS §5.1.1 Based upon Applications for Payment submitted to the Architect by the Contractor and Certificates for Payment issued by the Architect,the Owner shall make progress payments on account of the Contract Sum to the Contractor as provided below and elsewhere in the Contract Documents. §5.1.2 The period covered by each Application for Payment shall be one calendar month ending on the last day of the month,ar as follows: §5.1.3 Provided that an Application for Payment is received by the Architect not later than the 1 st day of a month, the Owner shall make payment of the certified amount to the Contractor not later than the 15th day of the same month.If an Application for Payment is received by the Architect after the application date fixed above,payment Init. aA Document A101 TM—2007.Copyright 01915,1918,1925,1�37,1951,1958,1961,1963,1967,1974,1977,19g7,1 gg1,1997 and 2007 by The American Institute ot Architects.All rights reaerved.WARNING:This AIA Document is protected by U.S.Copyright Law and Intematiooal Treaties.Unauthorized 3 reproduction or distribution of this AIA°Doeument,or any portion of it,may result in severe eivil and eNmfnal penaRfes,and will be prosecuted to the / maximum extent possible under the law.This document was produced by AIA sottware at 09:31:44 on 05/15/2013 under Order No.0027672036 1 which e�ires on 08/23I2013,and is not Tor resale. — User Notes: (1362710339)