AIA 101 Agreement 08302024 - Laserfiche WebLink

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