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<br />,2 That portion of the Contract Sum properly allocable to materials and equipment delivered and suitably
<br />stored at the site for subsequent incorporation in the completed construction, or, ifapproved in advance
<br />by the Owner, suitably stored off the site at a location agreed upon in writing; and
<br />.3 That portion of Construction Change Directives that the Architect determines, in the Architect's
<br />professional judgment, to be reasonably justified.
<br />$ 5,1.6.2 The amount of each progress payment shall then be reduced by:
<br />,1 The aggregate of any amounts previously paid by the Owner;
<br />.2 The amount, if any, for Work that remains uncorrected and for which the Architect has previously
<br />withheld a Certificate for Payment as provided in Article 9 of AIA Document A2011017;
<br />.3 Any amount for which the Contractor does not intend to pay a Subconhactor or material supplier,
<br />unless the Work has been performed by others the Contractor intends to pay;
<br />,4 For Work performed or defects discovered since the last payment application, any amount for which
<br />the Architect may withhold payment, or nulliff a Certificate of Payment in whole or in part, as provided
<br />in Article 9 of AIA Document A20l-2017; and
<br />.5 Retainage withheld pursuant to Section 5.1.7.
<br />$ 5.1.7 Retainage
<br />$ 5.1.7.1 For each progress payment made prior to Substantial Completion of the Work, the Owner may withhold the
<br />following amount, as retainage, from the payment otherwise due:
<br />(Insert a percentage or amount to be withheld as retainage from each Application for Payment. The amount of
<br />retainage may be limited by governing law.)
<br />Five Percent (5%)
<br />$ 5.1.7.1.1 The following items are not subject to retainage:
<br />(Insert any items not subject to the withholding of retainage, such as general conditions, insurance, etc.)
<br />S 5.1.7.2 Reduction or limitation of retainage, if any, shall be as follows:
<br />(If the retainage established in Section 5.1.7.1 is to be modified prior to Substantial Completion of the entire Work,
<br />including modiJicationsfor Substantial Completion of portions of the Work as provided in Section 3.3,2, insert
<br />provisions for such modiJications.)
<br />S 5.1.7.3 Except as set forth in this Section 5.1.7.3, upon Substantial Completion of the Work, the Contractor may
<br />submit an Application for Payment that includes the retainage withheld from prior Applications for Payment pursuant
<br />to this Sectio n 5 .1 .7 . The Application for Payment submitted at Substantial Completion shall not include retainage as
<br />follows:
<br />(Insert any other conditions for release of retainage upon Substantial Completion.)
<br />$ 5.1 .8 If final completion of the Work is materially delayed through no fault of the Contractor, the Owner shall pay
<br />the Contractor any additional amounts in accordance with Article 9 of AIA Document A20l-2017.
<br />$ 5.1.9 Except with the Owner's prior approval, the Contractor shall not make advance payments to suppliers for
<br />materials or equipment which have not been delivered and stored at the site.
<br />$ 5.2 Final Payment
<br />$ 5,2.1 Final payment, constituting the entire unpaid balance of the Contract Sum, shall be made by the Owner to the
<br />Contractor when
<br />.1 the Contractor has fully performed the Contract except for the Contractor's responsibility to correct
<br />Work as provided in Article 12 of AIA Document A2012017, and to satisfu other requirements, if any,
<br />which extend beyond final payment; and
<br />AIA Document A1O1 -2017. Copyright@ 1915, 1918, 1925,1937,1951, 1958, 1961, 1963, 1967,1974,1977,1987,1991, 1997, 2007 and 2017. All rights
<br />reserved. "The American lnstitute of Architects," "American lnstitute of Architects," "AlA," the AIA Logo, and "AlA Contract Documents" are trademarks of The
<br />American lnstitute of Architects. This document was produce d at 12:04:12 Ef on 0311412025 under Order No .310424QQ97 which expires on 06/30/2025, is not for
<br />resale, is licensed for one-time use only, and may only be used in accordance with the AIA Contract Documents@ Terms of Service. To report copyright violations,
<br />e-mail docinfo@aiacontracts.com.
<br />User Notes: (716022339)
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