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§ 7.1.3 Provided that an Application for Payment is received by the Architect not later than the 25th __day ofa
month, the Owner shall make payment of the certified amount to the Construction Manager not later than the 25th
day of the following month. If an Application for Payment is received by the Architect after the application date
fixed above, payment shall be made by the Owner not later than thirty (30 __) days after the Architect receives
the Application for Payment.
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3 Add the Construction Manager’s Fee, less retainage of five percent( 5%). The Construction
Manager’s Fee shall be computed upon the Cost of the Work at the rate stated in Section 5.1 or, if the
Construction Manager’s Fee is stated as a fixed sum in that Section, shall be an amount that bears the
same ratio to that fixed-sum fee as the Cost of the Work bears to a reasonable estimate of the
probable Cost of the Work upon its completion;
4 Subtract retainage of five _percent( 5%) from that portion of the Work that the Construction
Manager self-performs;
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For all phases of the Project, the Construction Manager and-the-Owner-shall purchase and maintain insurance, and
the Construction Manager shall provide bonds as set forth in Article 11 of AIA Document A201—2007.
Performance & Payment Bonds 100% of construction GMP
Automobile Liability $ 1,000,000.00 each accident
Commercial General Liability $ 1,000,000.00 each occurrence, $ 2,000,000.00 Aggregate
General Liability Umbrella $ 10,000,000.00
Property Insurance shall be by owner $ 1,000.00 deductible per occurrence
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{ X_] Arbitration pursuant to Section 15.4 of AIA Document A201-2007
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List bid documents ( These will all be summarized _ on Attachment A once developed )
Keith McBey, President
Additions and Deletions Report for AIA Document A133™ - 2009 (formerly A121™CMc — 2003). Copyright © 1991, 2003 and 2009 by The American
Institute of Architects. All rights reserved. WARNING: This AIA® Document is protected by U.S. Copyright Law and International Treaties. Unauthorized
reproduction or distribution of this AIA® Document, or any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to
the maximum extent possible under the law. This document was produced by AIA software at 14:07:26 on 11/18/2016 under Order No.7150521749_1 which
expires on 10/03/2017, and is not for resale.
User Notes: (1936421746)
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