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ARTICLE 2 - TIME OF COMMENCEMENT AND COMPLETION: <br />2.1 The work to be performed under this Contract shall commence as directed by owner's <br />representative. The term of this agreement shall remain in full force and effect until all <br />work is completed, subject to early termination as described herein below. <br />2.2 Subject to authorized adjustments, which must be approved in writing as required in <br />Article 17, "Changes in the Work", Substantial Completion shall be achieved no later <br />than . Contract duration may be extended if inclement <br />weather exceeds the average number of such days for the time period of the contract, if <br />requested in writing within thirty days. <br />ARTICLE 3 - CONTRACT SUM: <br />3.1 Owner shall pay the Contractor in current funds for the performance of the work, subject <br />to additions and deductions by Change Order as provided in the Contract Documents, <br />the Contract Sum of Dollars ($ <br />including applicable Sales or Use Taxes, if any. <br />3.2 The Contract Sum is determined as follows: Lump Sum <br />33 Workweek shall be Monday through Friday 8:00 AM to 5:00 P,M, throughout the <br />duration of this agreement, excluding inclement weather or city holidays. Work may <br />be conducted after 5,00 P'M and on certain otherwise restricted days at Contractors <br />s <br />discretion and with Owner's written permission. <br />ARTICLE 4 - PROGRESS PAYMENTS: <br />4,1 Based upon Applications for Payment submitted by the Contractor and Certificates for <br />Payment, Owner shall make progress payments on account of the Contract Sum to the <br />Contractor as provided in the Contract Documents each month in the amount of <br />ninety-five percent (95%) of the proportional amount of the approval. Application for <br />Payment. Approved Application for Payment submitted by the 10"' of each month <br />shall be paid within thirty days from the date of invoice, <br />ARTICLE 5 - FINAL, PAYMENT: <br />5.1 Final Payment, constituting the entire unpaid balance of the Contract Surn, shall be <br />paid to the Contractor when the work has been completed, the Contract is fully <br />performed, payment of all subcontractors has been certified, any and all liens released, <br />and a Final Application for Payment has been approved by the: owner's representative. <br />CONTRACT - 2 <br />