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<br />5.1.5 Applications for Payment shall indicate the. percentage of completion of each portion of the
<br />Work as of the end of the period covered by the Application for Payment.
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<br />5.1.6 Subject to other provisions of the Contract Documents, the amount of each progress pay-
<br />ment shall be computed as follows: '
<br />.1 Take that portion of the Contract Sum properly allocable to completed Work as deter-
<br />mined by multiplying the percentage completion of each portion of the Work by the
<br />,share'of.,the 'Contract Sum allocated to that portion of the Work in the schedule of val-
<br />';u~s;le~sret'lti)jage of ten percent (10 %). Pending final determi-
<br />:.:l'i'a't;i~h;ir(:9ps(ro the Owner of changes in the Work, amounts not in dispute shall be
<br />iricluded as provided in Subparagraph 7-3.8 of AlA Document A201-1997;
<br />:.iAddithiif,i!ottion of the Contract Sum properly allocable to materials and equipment
<br />.deHy~Jieii:,"rid suitably stored at the site for subsequent incorporation in the completed
<br />construction (or, if approved in advance by the Owner, suitably stored off the site at a
<br />"Ioe~ttonagreed UPOpin writiri~);.less retainage of ten percent ( 10 %);
<br />,..:F.$cib~r;ict:Jhe aggreg~t~of preV:i~ti;;:payments made by the Owner; and
<br />'i4.,..Subt;t~~t'a'mounts.J!'fhi~y, fO~1W'J4iG'\i the Architect has withheld or nullified a Certificate
<br />',"jfor t'JI,ymeht as Pf9'%i?eainRW~~i<~ph 95 of AlA Document A201-1997.
<br />
<br />:. .!i5.1.~;l~~~ pr~~l~i~:paym~&~r~~Ol\<;'\i'~lned in accordance with Subparagraph 516 shall be
<br />,,'; ,NfurtR~\'tiiodi~~ii\~hde.t\i~~;!rdito~t " .' Uf\i#!~hces: ,
<br />",):,', ,>J:d~ddti):l~rl Su:t(s~~~J~~4 C;, .::~i10';l!,~.ff1~e Work, a sum suffi;:ient to increase the total pay-
<br />,,.;;; ',,;;meht~it8 th,e!(l'liilj~#io~~ ~W~ihe<!tp.hrr,a'ct Sum, less such amounts as the Architect shall
<br />"':.,aeterii1:inei'f&r.~:~e15'in~i~i~~Worliii*~\~\iNlge applicable to such work and unsettled claims;
<br />"i'and,;(Subp~~t:4~f~~?if'~!~~;~:)f~Ai4:r1~~~'~;~?,~.fA,201-J997 requires release of applicable retainage upon
<br />'Substanl'ial't'~mpieti\ih:lif!Wor '(A~ertl(p! surety, if any.)
<br />j'Add,i4nhtil',~oll)~r~.(i'~hO)\ ,':&r~d~!!t~ereafter materially delayed through no fault of
<br />(heG&\:ifrae\0\i,~il)b\a41~~1\,(Mmo\lijr~;payable in accordance with Subparagraplt9.1O.3
<br />
<br />'(;5<';~~";;RZ~~!~:~~:;\~'~k~~);~;:k;:\:~~\~f;i(;~\ shall be as follows: " . .
<br />
<br />,:.:rJfi!l11~Si',lnlen4~iI;.j"'Or?,lrli';5uJj'slantlahri!~ '," <Jf-t~! enllre Work, to reduce or limit the rel",nage resijl1lng
<br />1fbfu"'tff's, pel.t~:~'~:age~~:'iniehet{~{n Gla.ui~:S:i;5~'1,,~',f)4.~a~.:~'~'1.6..2 above, and this is not explained elsewhere in the
<br />. Conl~C:t..Dobuitients; './'flse~i:,;~~'re'prbvi$"{olJ:s4Dii~u'CJ{:F.eduction or limitation,)
<br />At:fiftYPE;lj;C~~t, <::Rtnfil,E,tion, retainage may be reduced to
<br />"" "-N,i;1'Er'per;6eh'j:'Ej;,t the' a'escretion of the Architect.
<br />- , . .... '", "," ..' "':." ,.',' , ' ;.. . , . ',' ",',. . ',',~: ":,. '; ;i ~
<br />. ': :"',:~;, ::' ;<,::~',,>: '. .. - , ,','_,:" . .. .. - '...'~" :... ,"" ;' . ,<c.
<br />,::'/,:: 'I, '-:,', "1;' ' . . ,,.,,." ',;, :i,;~,;;,}t".'.~,:,.',l,:~."':.~~.:'i:,~.:,::"..'.'~,,\'i::g:)~.", ','
<br />, '<, t":-:i/,~ '"':, r~' C':
<br />. :.~:_~{i:~::: ;,; ,~,."" . . .. '", ' .'
<br />",..{.. ',''':C'.,
<br />.. \,\. " ,~"":-"'_:
<br />:'; -:~~':":;,;JF/::}: :; L "'1' ,/- :.; ,.>'''' " t},'.~:, .(.' .' ,';1,'
<br />
<br />. .:':;(~);:j,:"i);t;'X:;';r', ,,<~,'. .tX;,~~;;" ",. ",<.':H,~:>;~;;;::"'i/; ,
<br />
<br />, ""'. .S'5ii)9"Exc~pV~(Vft!\h~0W#'ii~f~;.~boiii~i?provat+h~'Gbrilractor shall not make advance payments
<br />"''td;~l\ppliei;.;t9.h~i6~t~ria]s or equipment.;>\'hich have not been delivered and stored at the site.
<br />
<br />':52" fiNAL PAY~ENI'+!';~:i.;~,j::\';@~i;i;iL .'
<br />
<br />'5.2.1 Fi?ahp~yme"t;:constit\ltingith~'~H{i!f#;pH&~;J balance of the Contract Sum, shall be made
<br />..'I)\I#h. OW'ne'Ho the Cdjjt~aQ&ji;(~e?: ' . '
<br />;,. th.'C~lii.tractor has'full~!M~fi\rmed the Contract except for the Contractor's responsibil-
<br />itH"":C0"rect Woflhl~\~f4~i(;\~lhin Subparagraph 12.2.2 of AlA Document A20h.1997, and
<br />to satisfy other requit~rriilllis';:;hny, which extend beyond final payment; and
<br />.2 a final Certificate forPayinent has been issued by the Architect.
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<br />:. "::;:~w~~;N.I~'(j-;\f:r'!iJ~.rij.(j~pno'Qcopy!ri~':vi~r.ie'$~~utS'.'copyrlghllaws and will subject the vlol.lot 10 Ilgal prosecullon,
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<br />() 1991 A I A 1&
<br />AIAOOCUMENT Al0l.19'7
<br />OWNER-CONTRACTOR
<br />AGREEMENT
<br />
<br />The American In$ljtut~
<br />of Architects
<br />1735 New York Avenue, N.W,
<br />Washington, DC. 20006.5292
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