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I § 5.1.4 Rental rates for Contractor-owned equipment shall not exceed one hundred percent( 100 %)of the standard rate paid at the place of the Project. § 5.1.5 Unit prices,if any: (Identify and state the unit price;state the quantity limitations, if any, to which the unit price will be applicable.) Item Units and Limitations Price Per Unit($0.00) § 5.2 GUARANTEED MAXIMUM PRICE § 5.2.1 The Contract Sum is guar ed by the Contrac or not to exceed One Million,One Hundred Seventy Thousand,Nine Hundred Fifte ($ 1,170,915.00 ' clusive of all federal,state and local taxes,subject to additions and deductions by Change Or er as provi ' the Contract Documents.Such maximum sum is referred to in the Contract Documents as the Guar ee Maximum Price.Costs which would cause the Guaranteed Maximum Price to be exceeded shall be paid by the Contractor without reimbursement by the Owner. (Insert specific provisions if the Contractor is to participate in any savings.) I100%of the Cost Savings will be returned to Owner. The cost of the work will be open-book and fully audited by the Owner. Cost summary details will be submitted to the Owner each month with the Application For Payment. § 5.2.2 The Guaranteed Maximum Price is based on the following alternates,if any,which are described in the Contract Documents and are hereby accepted by the Owner: (State the numbers or other identification of accepted alternates.If 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 the amount expires.) § 5.2.3 Allowances included in the Guaranteed Maximum Price,if any: (Identify allowance and state ezclusions, if any,from the allowance price.) Item Price § 5.2.4 Assumptions,if any,on which the Guaranteed Maximum Price is based: General Conditions are a Fixed Lump Sum of$95,000.00(based on$19,000.00 per month). If Substantial Completion is achieved two or more weeks early,then the foregoing Fixed Lump Sum for General Conditions will be reduced by the amount of any remaining unspent or uncommitted General Conditions costs. § 5.2.5 To the extent that the Drawings and Specifications are anticipated to require further development by the Architect,the Contractor has provided in the Guaranteed Maximum Price for such further development consistent with the Contract Documents and reasonably inferable therefrom. Such further development does not include such things as changes in scope, systems,kinds and quality of materials,finishes or equipment,all of which,if required, shall be incorparated by Change Order. ARTICLE 6 CHANGES IN THE WORK § 6.1 Adjustments to the Guaranteed Maximum Price on account of changes in the Work may be determined by any of the methods listed in Section 73.3 of AIA Document A201-2007,General Conditions of the Contract for Construction. § 6.2 In calculating adjustments to subcontracts(except those awarded with the Owner's prior consent on the basis of cost plus a fee),the terms"cost"and"fee"as used in Section 73.3.3 of AIA Document A201-2007 and the term "costs"as used in Section 73.7 of AIA Document A201-2007 shall have the meanings assigned to them in AIA Document A201-2007 and shall not be modified by Articles 5,7 and 8 of this Agreement.Adjustments to subcontracts awarded with the Owner's prior consent on the basis of cost plus a fee shall be calculated in accordance with the terms of those subcontracts. Init AIA Document A102T"—2007(formerly A111 T"—1997).Copyright�O 192�0,1925,1951,1958,1961,1963,1967,1974,1978,1987,1997 and 2007 by The American Institute of Architects.All rights reserved.WARNING:This AIA Document is protected by U.S.Copyright Law and International Treaties. 4 Unauthorized reproduction or distribution of this AIA�Document,or any portion of it,may result in severe civil and criminal penalties,and will be � prosecuted to the maximum extent possible under the law.This document was produced by AIA software at'1532:56 on 12/04/2013 under Order No.7858055208_1 which expires on 07l15/2014,and is not for resale. User Notes: (827749426)