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<br />TOTAL OF ALL UNIT PRICES BID <br /> <br />$ <br /> <br />(use words) <br /> <br />(dollars) <br />SUBJECT TO ACTUAL QUANTITIES CONSTRUCTED, <br /> <br />As provided in paragraph 11.03 ofthe General Conditions, estimated quantities a,e not guaranteed, and <br />determinations of actual quanlities and classifications are 10 be made by ENGINEER as p,ovided in paragraph 9.08 of the <br />General Conditions. Unit priees have been eompuled as provided in paragraph 11.03 of the General Condilions. <br /> <br />(X)Yesor( )No <br />C. For all Work, allhe prices stated in CONTRACTOR's Bid, attached hereto as an exhibit. <br /> <br />ARTICLE 6 - PAYMENT PROCEDURES <br /> <br />6.01 Submittal and Processing of Payments <br /> <br />A. CONTRACTOR shall submit Applieations for Payment in aeeordanee with Article 14 of the General <br />Conditions. Appliealions for Payment will be processed by ENGINEER as provided in the General Condilions, <br /> <br />6,02 Progress Payments; Retoinoge <br /> <br />A, OWNER shall make progress payments on aceount of the Contraet Price on the basis of CONTRACTOR's <br />Applieations fo, Payment on or about the 15 day of each month during pe,formance of the Work as provided in <br />paragraphs 6.02.A.I and 6.02.A.2 below. All such payments will be measured by the sehedule of values eslablished in <br />paragraph 2.07.A oflhe General Conditions (and in the ease of Unit Price Work based on the number of units completed) <br />or, in lhe evenllhere is no sehedule of values, as provided in the General Requirements: <br /> <br />I. Prior 10 Substantial Complelion, progress paymenls will be made in an amount equal 10 lhe pereentage <br />indieated below but, in each ease, less the aggregate of payments previously made and less such amounts as ENGINEER <br />m'C( determine or OWNER may withhold, in accordance with paragraph 14.02 of the General Condilions: <br /> <br />a. 90 % of Work completed (with the balance being retainage). [fthe Work has been 50% <br />eompleted as determined by ENGINEER., and if the eharacter and progress of the Work have been satisfaetory to OWNER <br />and ENGINEER., OWNER., on recommendation of ENGINEER., may determine that as long as the eharaeler and p,ogress <br />oflhe Wo,k remain satisfactory to them, lhere will be no retainage on aeeount of Work subsequently completed, in which <br />ease lhe ,emaining progress payments prior to Substantial Complelion will be in an amount equal to 100% oflhe Wo,k <br />eompleted less the aggregate of payments p,eviously made; and <br /> <br />b, 90 % ofeost of materials and equipmenl not incorporated in lhe Work (with lhe balanee <br /> <br />being retain age). <br /> <br />2. Upon Substanlial Completion, OWNER shall pay an amount sufficient to increase total payments 10 <br />CONTRACTOR to 95 % of the Wo,k eompleted, less such amounts as ENGINEER shall determine in accordanee <br />with paragraph 14.02,8.5 of the General Conditions and less 100 % of ENGINEER's estimate of the value of Work to <br />be eompleted or eorrecled as shown on the lentative Iisl of items 10 be eompleted or eorreeted attached 10 lhe eertifieate of <br />Substantial Completion. <br /> <br />6.03 Final Payment <br /> <br />A, Upon final eompletion and aeeeptance of the Work in aeeordanee with paragraph 14,07 of the General <br />Condilions, OWNER shall pay the remainde, of the Conlraet Price as recommended by ENGINEER as provided in said <br />paragraph 14.07. <br /> <br />3 <br />