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Docuslgn Envelope lD: E3F9B86S73E3'4459-B; :5587684'A88 <br />ARIICT.E 5 PAYTEITS <br />| 5.1PngnuPrpnnbi i.t.i fii"A,ryoir Applicrtionr for Prymc,nt submincd to thc Architcot by 6c Contactor rnd Ccrtifrcatcs for <br />i"f--t lt"n*'ty thi arcUtcc! thc Ocilcr rbs[ makc progrcrs psymcots on accormt of thc Contact Sum to thc <br />Cootraotor as providcd bclow rnd olscqfiarc in lhc Contsect Documcnis. <br />| 5.lI Thc puiod covcrcd W eecb Applic*ion for Paymcat sball bc one calcudar month onding on thc last d8y of the <br />month or at follows; <br />| 5J,t providcd that rn Ap,plicatiou for Payrrcnt is rcccivcd by thc fuchitcct not lrtsr tho" thc liE!-dgy of a nrosth <br />ilo Owncr shsU'nakc paymcnt of thc amount ccrtificd to tlrs ionbactol ss1 tster thrn &c 15& day of thc followilg <br />r-tt. if 5j eppn""fion for Payncnt is rcccived by thc fuchitrct aftor lhc application datc fixed aborc, pa ncnt of <br />ttoa-o,-tr"*hcdshallbcnadcby6eOumcrnotlatortbanforty-fivc (4l-)dayssftcrthcArchitcctrcccivcsdrc <br />Application fon Pa1'ocat. <br />feia*a, snb or ixal laws may requirc pyment within a certain perlod ofttne') <br />I 5.1I Each Application for Palmcnt sball bc bsscd on the most recfit schcdulc of valucs submitAd by the Contsaotor <br />L rccor&ncc i'itr tbc Connrci Docurncnts. Thc schcdulc ofvahrcs rbell allocetc lhe cntire ConEact Sum anong the <br />".tiour <br />portio* of thc Work The schcdulc of valucs shall bo prcparcd in euch fonn, and zupportcd by such data to <br />",rU"u"irto <br />ir accgracy, as thc Archibct may rcquirc, This schcdulc of valuer shall bc tucd as a basis for rwicwing <br />thc Concactor'c Applicatior for Paymcnt. <br />| 5,1.5 App1c*ionr for Pqrment shall show the pcrcentegc of cornplctim of erch portion ofthe Work as ofthc cad of <br />tte pcriod covcrcd by thc Application for Palmccl. <br />! tl.CItrrcco,rdrnccwithAIADoctmentA20lnL20lT,Gcn€rstConditionsofthcContractforConstruction,and <br />iotiot to olhcr provishnr of &c Contact Docurncnts, tho rmount of crch progr€ss paymcot shall bc comprtcd as <br />follows: <br />! 5.{.0.f Thc arnouot of cach progrcer psytrsdt sbsll first iacludc:' .t That portion of thc contaa suo propuly dlocable to completcd work; <br />2 Tbat portioo of thc Contact Sum ptopcrti *to"rllc to materials and cquipmctt delivacd ald suitably <br />stored at thc site for subscqrrcnt iniorioration in thc cmpletcd cmstnction, or, if approvcd in advancc <br />by tbc Oumer, ruiubly rtorcd off thc sitc at a location agrccd upon in n'riting; utd <br />.t 1i,"t portioo of C,oortsqctiol Change Dircctivcs that tlc Architcct dctermincs, in the Architcct's <br />profcssional judgmcnl to bc rcasonably jttstifi ed. <br />$ 5.1.82 Thc amount of each progr€ss Paymcoi shall thcn bc rodwed by;- .l thc aggrcgatc of any anounts ptcvioruly paid by thc OffDcr; <br />,Z nc amognt, if rny,-fonWort tlat rsmainr-unco;cctcd and for which the Architcct has prcviously <br />wi6hcld a dlrtificatc for Paprcnt as providcd in Articlc 9 of AIA Doormcnt A20l-2017; <br />,3 Any amgnt for rvhich thc iontactor docs not intend !o pay a Subconraclor or matcrial supplicr' <br />unlcts thc wo* hss bcil pcrforEcd by othcrs 6c contactor iatuds to pay; <br />.1 For Work pcrformcd or dct*tr discovircd sincc tbc last paymcnt applicatioq any rmouot for which <br />thc Architcct may wittrholdpalmcnt or nullify a Ccrtificatc ofPayurcnt in wholc orin part asprovidcd <br />in Article 9 of AIA Docurncnt A20l-2017; and <br />.5 Rcainagc witlrheld punuaot to Scction 5.1'7. <br />! 5.1.7 Rotdnrgr <br />5 S.t.f.t For {6h progrccs paymcnt madc prior to Substantial Complction of thc Wodc lhp Ocmcr may wittthold lhe <br />iollowing amount, as rEtailagc, tom thc paymcnt oltcrwisc duc: <br />(Insert a-percentage or amohi to be *ttittctd os retainagefrom each Appticationfor Payment The amount of <br />retainage may be linited by goveraing law) <br />+m.ll docetb€dmthdr.cofir. <br />Ul.r IoL.: <br />lnlt. <br />(1434020!118) <br />I