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n u n u n u fI U (I U fI u n u n U 11 LJ \l LJ n u n u 11 LJ n u n U n LJ n LJ n u n u 181ST ACTIVE PARK APRil 10, 20057-22-05 Followinq Paraqraph A€I€l-14.02.A.~4 add::- -~ !!An original Partial Release of Lien is required from the General Contractor along with the application for Payment No. 1 and for each subsequent application thereafter. For each application for payment (excluding Application No.1) the Contractor shall submit with the application Partial Releases of Liens for all Notice to Owners that have been received for the project by the Owner and Engineer". 5. With each Application for Payment. the Contractor shall submit supporting records and other evidence, in a form and amount acceptable to the City and the Enqineer, to demonstrate the expenses incurred and the Work performed. This shall include, but not be limited to documentation related to the purchase of Owner-Provided Material and the reduction in the Contract Sum as a result of such expenditures. 6. Each application for Payment shall be based on the most recent schedule of values submitted by Contractor in accordance with the Contract Documents. The schedule of values shall allocate the entire quaranteed maximum Contract Price amonq the various portions of the Work, except that the Contractor's Fee shall be shown as a separate item. The schedule of values shall be prepared in such form and supported by such data to substantiate its accuracy as the Enqineer may require. This schedule, unless obiected to by the Enqineer, shall be used as a basis for reviewinq the Contractor's Applications for Payment. 7. Applications for payment shall show the percentaqe of completion of each portion of the Work as of the end of the period covered by the Application for Payment. The percentage of completion shall be the lesser of: (1) the percentaqe of that portion of the Work which has actually been completed: or (2) the percentaqe obtained by dividinq (a) the expense that has actually been incurred by the Contractor on account of that portion of the Work for which the Contractor has made or intends to make actual payment prior to the next Application for Payment by (b) the share of the Contract Price allocated to that portion of the Work in the schedule of values. 8. Subiect to the provisions of the Contract Documents, the amount of proqress payments shall be computed as follows: a) take that portion of the Contract Price properly allocable to the computed Work as determined by multiplyinq the percentaqe of completion of each portion of the Work in the schedule of values. Pendinq final determination of the costs to the Owner of chanqes in the Work, amounts not in dispute shall be included in the Application for Payment alonq with Chanqe Order, Work Change Directive or Written Amendment indicatinq the parties' aqreement with all or part of such costs for additional Work. b) add the portion of the Contract Price properly allocable to materials and equipment delivered and suitably stored at the site for subsequent incorporation in the Work, or, if approved in advance by Owner, suitably stored off-site at a location aqreed upon in writing. c) add the Contractor's Fee, less the ten percent (10%) Retainaqe. The Contractor's Fee shall be computed upon the Cost of the SUPPLEMENTARY CONDITIONS 00800-8