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Portion of Work Substantial Completion Date subject to adjustments of this Contract Time as provided in the Contract Documents. (Insert provisions, if any, for liquidated damages relating to failure to achieve Substantial Completion on time or for bonus payments for early completion of the Work.) ARTICLE 4 CONTRACT SUM § 4. 1 The Owner shall pay the Contractor the Contract Sum in current funds for the Contractor' s performance of the Contract. The Contract Sum shall be One Million Two Hundred Ninety Nine Thousand Three Hundred Seventeen Dollars ($ 1 ,299,317 ),, subject to additions and deductions as provided in the Contract Documents. § 4.2 The Contract Sum is based upon the following alternates, if any, which are described in the Contract Documents and are hereby accepted by the Owner: (State the numbers or other identification of accepted alternates. If the bidding or proposal documents permit the Owner to accept other alternates subsequent to the execution of this Agreement, attach a schedule of such other alternates showing the, amount for each and the date when that amount expires) ADD Alternate # 1 : Concrete Pavement in Lieu of Asphalt. Value: Five Thousand and Ninety Two Dollars ($5 ,092 .00) Alternate # 1 : Expiration Date: January 30`h 2013 § 4.3 Unit prices, if any: (Idents and state the unit price; state quantity limitations, if any, to which the unit price will be applicable) Item Units and Limitations Price Per Unit ($0.00) § 4.4 Allowances included in the Contract Sum, if any: (Identify allowance and state exclusions, if any, from the allowance price) Item Price 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 follows: § 5.1 .3 Provided that an Application for Payment is received by the Architect not later than the 25th day of a month, the Owner shall make payment to the Contractor in accordance with Local Government Prompt Payment Act F. S . 218 . 70 et. seq (Federal, state or local laws may require payment within a certain period of time.) § 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 Init. AIA Document A101 TM — 2007. Copyright © 1915, 1918, 1925, 1937, 1951 , 1958, 1961 , 196301967, 1974, 1977, 1987, 1991 , 1997 and 2007 by The American Institute of Architects. All rights reserved, WARNING : This AIA! Document Is protected by U.S. Copyright Law and International Treaties. Unauthorized 3 reproduction or distribution of this AIA! Document, or any portion of it, may result In severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under the law. This document was produced by AIA software at 11 :27: 11 on 12/21/2012 under Order No.4386727979_1 which expires on 0210512013, and is not for resale. User Notes: (1381196135)