Laserfiche WebLink
Article 4. CONTRACT PRICE. <br />OWNER shall pay PROVIDER for completion of the Work in accordance with the Contract <br />Documents an amount in current funds equal to the sum of the amounts determined pursuant to <br />Paragraphs 4.1 and 4.2 below: <br />4.1. for all Work other than Unit Price Work, a Lump Sum of: N/A <br />(use words) <br />IS ) <br />figures <br />All specific cash allowances are included in the above price and have been computed in <br />accordance with Paragraph 11 .02 of the General Conditions; <br />plus <br />4.2. for all Unit Price Work, an amount equal to the sum of the established unit price for <br />each separately identified item of Unit Price Work times the estimated quantity of that item as <br />indicated in this Paragraph 4.2: <br />UNIT PRICE WORK <br />ESTIMATED <br />NO. ITEM UNIT QUANTITY <br />Refer to Exhibit "A" ( -) <br />TOTAL OF ALL UNIT PRICES <br />The Contract Price is $ <br />UNIT TOTAL <br />PRICE ESTIMATED <br />As provided in Paragraph 11.03 of the General Conditions estimated quantities are not guaranteed, <br />and determinations of actual quantities and classification are to be made by ENGINEER as provided in <br />Paragraph 9.08 of the General Conditions. Unit prices have been computed as provided in Paragraph <br />11.03.B of the General Conditions. <br />Article 5. PAYMENT PROCEDURES. <br />PROVIDER shall submit Applications for Payment in accordance with Article 14 of the General <br />Conditions. Applications for Payment will be processed by ENGINEER as provided in the General <br />Conditions. <br />1 05/06 <br />'J <br />5.1. Progress Payments; Retainage. OWNER shall make progress payments on account of <br />the Contract Price on the basis of PROVIDER's Applications for Payment as recommended by <br />ENGINEER, on or about the last day of each month during construction as provided in <br />Paragraphs 5.1.1. and 5.1.2. below. All such payments will be measured by the schedule of <br />values established in Paragraph 2.07 of the General Conditions (and in the case of Unit Price <br />Work based on the number of units completed) or, in the event there is no schedule of values, <br />as provided in the General Requirements. <br />00500 -2 <br />03-4122.E <br />