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Dioision 1 <br />General Reqai=ements <br />CONSTRUCTION PERIOD: The Contractor shall state in his bid <br />the number of calendar days required to complete the work <br />of this contract. This time period will be made part of the <br />contract and assumes the Contractor's ability to secure <br />materials, equipment, and labor on time and his diligent <br />prosecution of the work. If work is delayed for reasons <br />beyond the Contractor's contr~he Architecteasomentionedlin <br />be extended when approved by <br />Article 8 of the A.I.A. General Requirements and as <br />hereinafter described. To secure extension of time, the <br />Contractor shall make claim in writing to the Architect at <br />the end of each month of the time delastcurrence and <br />submit evidence substantiating his reque othe I,IOIIIDATED DAM►GES: From tuthe sumrofs$150e00hper day <br />Contractor, the Owner may retain <br />for each calendar day that the work of this Contract <br />remains incomplete and unacceptable to the ArTeedeup nfasr <br />- the contract time has expired. the Owner <br />the proper measure of liq <br />will sustain per diem due to failure of the Contractor to <br />complete the work by the timetulated, and shall not in <br />any sense be construed as a penalY• <br />pygFpgMANCE AND BAYMENT $ONDS: Prior to starting work, the <br />Contractor shall execute the following: <br />(A) A Performance Bond in the amount of 100$ of the <br />contract price. <br />Such bond shall assure the faithful performance of the <br />contract including any guarantees covering material, <br />workmanship, and performance. <br />(B) A payment bond in the amount of 100% of the <br />contract price, for the protection of claimants <br />supplying labor and material in the prosecution of <br />this contract. orate sureties duly <br />Each Bond shall be executed by corp <br />authorized to do business 1Performance BondeXand aLaboraand <br />be on the AlA Form #A311, <br />Material Payment Bond". Sureties shall bseb nding <br />c ntract. gh <br />most e`total acostgoftthisa enou <br />capacity for e <br />' PROGRE33 P7+YL~NTS: Upon execution of Contract by Owner and <br />Contractor, the Contractor shall submit to the Architect an <br />itemized breakdown of the contract price according to the <br />various classifications of work. <br />5 <br />