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<br />§ 4.2 Alternates <br />§ 4.2.1 Alternates included in the Contract Sum: <br /> <br />Item Price <br /> <br />Additive Alternative Bid Item No. A2 – MRW Building $1,707,000.00 <br /> <br />Contractor agrees to hold bid prices for 30 Calendar days following issuance of Notice to Proceed for the following <br />Additive Alternative bid items: <br /> Item Price <br /> <br />1. A1 – Administration Building $642,000.00 <br />2. A3- Tire Drop-off Area $130,000,00 <br />3. A4 – Hauling Soil to Ryegrass Landfill $784,000.00 <br /> <br /> <br /> <br />§ 4.2.2 Subject to the conditions noted below, the following alternates may be accepted by the Owner following <br />execution of this Agreement. Upon acceptance, the Owner shall issue a Modification to this Agreement. <br />None <br /> <br />§ 4.3 Allowances, if any, included in the Contract Sum: <br />None <br /> <br /> <br />§ 4.4 Unit prices, if any: Unit Prices Listed in the Bid Schedule. <br /> <br />§ 4.5 Liquidated damages, if any: <br /> <br /> <br />$500 Per Calendar Day <br /> <br />§ 4.6 Other: <br /> <br />None <br /> <br />ARTICLE 5 PAYMENTS § 5.1 Progress Payments <br />§ 5.1.1 Based upon Applications for Payment submitted to the Architect by the Contractor and Certificates for <br />Payment issued by the Architect, the Owner shall make progress payments on account of the Contract Sum to the <br />Contractor as provided below and elsewhere in the Contract Documents. <br /> <br />§ 5.1.2 The period covered by each Application for Payment shall be one calendar month ending on the last day of the <br />month, or as follows: <br /> <br />Other mutually agreed date by OWNER and Contractor. <br /> <br />§ 5.1.3 Provided that an Application for Payment is received by the Architect not later than the 7th day of a month, the <br />Owner shall make payment of the amount certified to the Contractor not later than 30 calendar days. If an <br />Application for Payment is received by the Architect after the application date fixed above, payment of the amount <br />certified shall be made by the Owner not later than 45 calendar days after the Architect receives the Application for <br />Payment. <br /> <br />§ 5.1.4 Each Application for Payment shall be based on the most recent schedule of values submitted by the Contractor <br />in accordance with the Contract Documents. The schedule of values shall allocate the entire Contract Sum among the <br />various portions of the Work. The schedule of values shall be prepared in such form, and supported by such data to <br />substantiate its accuracy, as the Architect may require. This schedule of values shall be used as a basis for reviewing <br />the Contractor’s Applications for Payment.