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<br />1A,,
<br />ARTICLg 66
<br />PROGRESS PAYMENTS
<br />5.1 ilascd ulxnh Applicatirins for i'ayincnt subnfltted to dIc Archliect by the (amtrictorand ceriincates fnr Paytifeltt tssuc(I by the
<br />Architect, the Owner shall inake progress paynlcols On account Of life Contract Suin it) the f )nfractor as provided below and
<br />elsewhere in lite Contract Doctri nems.
<br />5.2 The periml covered by cacti Application for Ilayn)cnt 511111 be one c lcn(bl' nkmtb ending qn die last clay of the nit )Ili ur as
<br />follows:
<br />One calendar month shall be the payment period.
<br />5.3 I'rovidc<I an Application for Payment Is received by fife Architect not later d,an the twenty fifth
<br />25th) day of a nnanh, the Owner shall make paynient o) the Contractor not taller than
<br />the tenth (10th day of file fol l owing month, if an Application fur Pm
<br />a erit is received by the
<br />Architect after the applicatlnn date excel above, payliient 511:111 Ile made by the Owner not neer pian fifteen
<br />(15) days after cite Architect receives file Appllcallnn (of Payincr11,
<br />6.4 each Applic,lion for Payment slull he based upon the Schedule of Values s ibollocd by the Contractor in accord:mce with
<br />the Contract Oonuoems. 'life Schedule of Values &boll allocate the entire Contract Sum aatong rhe various riuniOns of the Work
<br />unit he prepared In sucll form and soplwricd by such data fo nuhsumlalr: 115 acrmracy as the Alehilecl may rerpfrc-11ds Schcthde,
<br />unless ohlceted to by lite Architect, Shall he used as a basis for revtcwhlg lite Ctmtaetor's Appilcatloos lit Paymcnt.
<br />6.6 Applications for Payment sliall Indicate the percentage of completion ofeaeh portion of the Work,ts of the Coll rlf the peflotl
<br />covered by the Application for Paymcnt.
<br />6.6 Suh)e/a ti) the 11MVISlons (if the Contract Documents, the anie)unt of each progress pay/neat sl tall Ile colllptlictl as follows:
<br />t 5.6.1 1'ake that portion oft lie t:ontract Sum properly allocable to completed Work as delennined by InulNplying file Iwrccntagc
<br />completion of each Iwrdoo of the Work by file share of the total (:detracttitin) allocated to flat Ilortlon til file Work lit the
<br />Schedule of Values, less rcialuage of ten percent
<br />( 10 )+.). Pending final determinatlon of cost to the Owner of changes In file Work, ainuunis nut In dispute ntay be
<br />IncIo(ICd as Prnvidcd In Subparagraph 7.3.7 of 1be General 0m,11 Ions even though lite (:olaract suns has not yet been adiuslcd by
<br />Changc Order;
<br />6.6.2 Add rbal portion of the 01111ract sun) properly allocabie u) nlatellais unit equipment delivered and sulntbly afored at file
<br />site for subsequent ineorpor doll in the completed construction (of, If approved In advance by the owner, suliably stolcd off lite
<br />shc:u a luc;nlun a recd upon In wdthlg), less tl alna}{c of ten
<br />percent ( > 0 YL):
<br />5.6.3 Subtract lite aggregate of previous payments nude by file Owllcr; :ted
<br />5.5.4 Subirict amounts, If any, for which dle Architect has withheld or nulldlled a Certificate fur Payment as provided In Para-
<br />graph 9.5 of the Gcncr l Condidnns.
<br />5.7 'ncc progress payment aruottnt determined Inaccordance will :Paragraph 5,6 shall Ill! Coolie( mudincd under file Rrilowbtµ
<br />clrcuolswok't:sr
<br />6.7.1 Acid, upon Substantial (:uutpletion of the Work, a sum sufficient to Increase thetotal )a merits w
<br />one hundred ixrcct, %a '„,)Oflife Cunrrn•t
<br />surn, less such lUnoulas as the Architect shall deternilne for incomplete Work and unsettled cLlms; and
<br />5.7.2 Add, If ileal completion of the Work Is thereafter materially delayed through no (ault of Ute Contractor, :any addklonaf
<br />alnonnis payable In accordance will/ Sulipaiagraph 9.111.3 of till.' General Cr1mIIN4hlls.
<br />6.6 fleducNutt lir ftnhitatloo of rendnage, If any, shall be as follows:
<br />(if It Ir InnwJavC 11,
<br />1— M b' 3Mn t"I cinup4vlun rf lcadre' it'114, to )runt" .1 11"111 Ilk, B verullruJte r dnrlllug burn file p.'1 U'+rtnp...lP l hr .1'ndJklr,r
<br />jimpbs 51 J ruin S 6.1 uW1141111111, aril ,',17H,1rntr! rh.•r„here Ir+ rhe t'am"n.11)....... v” s, I"wo Iw". (urrri,nrul J.0 rr+ah ra•,lrr.11un'rrr it itu(iuu l
<br />Retainage shall remain 10% through substantial completion,
<br />AIA DOCUMENT A101 r OWNER CON I-aAC'IOlt At atElI6111Nr • '1"K91 VlIt Nil 'IION • AIA- • 4)IWO
<br />'1'IIL 0WHICAN INS 11111 L' Of A111f111I FIC I:5, 1735 NOV'OHK AVENI III, N.W., WASoIN(1 CON, 11.4; 41906 AIOI-1907 4
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