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a;reement, the general conditions of the contract, the specifications and the <br />drawings. <br />A R T I C L E 2. T I M E O F C O M P L E T I O N <br />The work to be performed under this contract shall be commenced and completed <br />to allow the owner to occupy and to place into operation the facility, the building <br />and all equipment provided for herein, on or before June 1, 1974. All work <br />required in this contract shall be complete on or prior to June 1, 1974. <br />ARTICLE 3. THE CONTRACT SUM <br />The Owner shall pay the Contractor for the performance of the contract, subject <br />to additions and deductions provided therein, in current funds as follows : <br />B A S E P R O P O S A L: For all labor, materials and equipment necessary <br />for the complete construction of a 24-foot by 144-foot storage shed and a concrete <br />floor and foundation and for the sum of THIRTEEN THOUSAND, SIX HUNDRED <br />EIGHTY-TWO DOLLARS ($13,682.00). <br />Where the quantities originally contemplated are so changed that application of <br />the agreed unit price to the quantity of work performed is shown to create a <br />hardship to the Owner or the Contractor, there shall be an equitable adjustment <br />of the contract to prevent such hardship. <br />A R T I C L E 4. P R O G R E S S P A Y M E N T S <br />The Owner shall make payments on account of the contract as provided therein, <br />as follows: on or about the tenth day of ea,ch month ninety per cent of the value, <br />based on labor and materials incorporated in the work as estimated by the Archi- <br />tect, less the aggregate of previous payments ; and upon substantial completion <br />of the entire work, a sum sufficient to increase the total payments to ninety <br />per cent of the contract price. <br />A R T I C L E 5. A C C E P T A N C E A N D F I N A L P A Y M E N T <br />Final payment shall be due thirty days after substantial completion of the work <br />Page 2 of 5 <br />