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<br />M <br />. <br />..., <br />. <br />,., <br />I <br />. <br /> 5. <br />,.., <br />. <br />r'1 <br />. <br />,., 6. <br />. <br />,., <br />. <br />" <br />. <br />,.., <br />. 7. <br />1'"1 <br />. <br />..., <br />. <br />,.., <br />. <br /> 8. <br />II <br />. a) <br />,.., <br />. <br />1"1 <br />. <br />...., <br />. b) <br />.., <br />. <br />..., <br />. <br />,..., 09/09 <br />. <br /> <br />subsequent application thereafter. For each application for payment <br />(excluding Application No.1) the Contractor shall submit with the <br />application Partial Releases of Liens for all Notice to Owners that have <br />been received for the project by the Owner and Engineer". <br />With each Application for Payment, the Contractor shall submit <br />supporting records and other evidence, in a form and amount <br />acceptable to the City and the Engineer, to demonstrate the expenses <br />incurred and the Work performed. This shall include, but not be <br />limited to documentation related to the purchase of Owner-Provided <br />Material and the reduction in the Contract Sum as a result of such <br />expenditures. <br />Each application for Payment shall be based on the most recent <br />schedule of values submitted by Contractor in accordance with the <br />Contract Documents. The schedule of values shall allocate the entire <br />guaranteed maximum Contract Price among the various portions of <br />the Work, except that the Contractor's Fee shall be shown as a <br />separate item. The schedule of values shall be prepared in such form <br />and supported by such data to substantiate its accuracy as the <br />Engineer may require. This schedule, unless objected to by the <br />Engineer, shall be used as a basis for reviewing the Contractor's <br />Applications for Payment. <br />Applications for payment shall show the percentage of completion of <br />each portion of the Work as of the end of the period covered by the <br />Application for Payment. The percentage of completion shall be the <br />lesser of: (1) the percentage of that portion of the Work which has <br />actually been completed; or (2) the percentage obtained by dividing <br />(a) the expense that has actually been incurred by the Contractor on <br />account of that portion of the Work for which the Contractor has <br />made or intends to make actual payment prior to the next Application <br />for Payment by (b) the share of the Contract Price allocated to that <br />portion of the Work in the schedule of values. <br />Subject to the provisions of the Contract Documents, the amount of <br />progress payments shall be computed as follows: <br />take that portion of the Contract Price properly allocable to the <br />computed Work as determined by multiplying the percentage <br />of completion of each portion of the Work in the schedule of <br />values. Pending final determination of the costs to the Owner <br />of changes in the Work, amounts not in dispute shall be <br />included in the Application for Payment along with Change <br />Order, Work Change Directive or Written Amendment <br />indicating the parties' agreement with all or part of such costs <br />for additional Work. <br />add the portion of the Contract Price properly allocable to <br />materials and equipment delivered and suitably stored at the <br />site for subsequent incorporation in the Work, or, if approved <br />in advance by Owner, suitably stored off-site at a location <br />agreed upon in writing. <br /> <br />00800-8 <br /> <br />03-4122.F <br />