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  2. Finance Committee - Agenda - 2/1/2017 - P155

Finance Committee - Agenda - 2/1/2017 - P155

By dnadmin on Mon, 11/07/2022 - 10:28
Document Date
Wed, 02/01/2017 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 02/01/2017 - 00:00
Page Number
155
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__020120…

1. A preliminary progress schedule indicating the times (numbers of days or dates) for starting and completing the
various stages of the Work, including any Milestones specified in the Contract Documents;

2. A preliminary schedule of Shop Drawing and Sample submittals which will list each required submittal and the
times for submitting, reviewing, and processing such submittal; and

3. A preliminary schedule of values for all of the Work which includes quantities and prices of items which when
added together equal the Contract Price and subdivides the Work into component parts in sufficient detail to serve
as the basis for progress payments during performance of the Work. Such prices will include an appropriate
amount of overhead and profit applicable to each item of Work.

C. Evidence of Insurance: Before any Work at the Site is started, CONTRACTOR and OWNER shall each deliver to
the other, with copies to each additional insured identified in the Supplementary Conditions, certificates of insurance
(and other evidence of insurance which either of them or any additional insured may reasonably request) which
CONTRACTOR and OWNER respectively are required to purchase and maintain in accordance with Article 5.

2.06 Preconstruction Conference

A. Within 20 days after the Contract times start to run, but before any Work at the Site is started, a conference
attended by CONTRACTOR, ENGINEER, and others as appropriate will be held to establish a working understanding
among the parties as to the Work and to discuss the schedules referred to in paragraph 2.05.B, procedures for handling
Shop Drawings and other submittals, processing Applications for Payment, and maintaining required records.

2.07 Initial Acceptance of Schedules

A. Unless otherwise provided in the Contract Documents, at least ten days before submission of the first Application
for Payment a conference attended by CONTRACTOR, ENGINEER, and others as appropriate will be held to review
for acceptability to ENGINEER as provided below the schedules submitted in accordance with paragraph 2.05.B.
CONTRACTOR shall have an additional ten days to make corrections and adjustments and to complete and resubmit
the schedules. No progress payment shall be made to CONTRACTOR until acceptable schedules are submitted to
ENGINEER.

1. The progress schedule will be acceptable to ENGINEER if it provides an orderly progression of the Work to
completion within any specified Milestones and the Contract Times. Such acceptance will not impose on
ENGINEER responsibility for the progress schedule, for sequencing, scheduling, or progress of the Work nor
interfere with or relieve CONTRACTOR from CONTRACTOR’s full responsibility therefore.

2. CONTRACTOR’s schedule of Shop Drawing and Sample submittals will be acceptable to ENGINEER if it
provides a workable arrangement for reviewing and processing the required submittals.

3. CONTRACTOR’s schedule of values will be acceptable to ENGINEER as to form and substance if it provides
a reasonable allocation of the Contract Price to component parts of the Work.

ARTICLE 3 - CONTRACT DOCUMENTS: INTENT, AMENDING, REUSE

3.01 Intent
A. The Contract Documents are complementary; what is called for by one is as binding as if called for by all.

B. It is the intent of the Contract documents to describe a functionally complete Project (or part thereof) to be
constructed in accordance with the Contract Documents. Any labor, documentation, services, materials, or equipment
that may reasonably be inferred from the Contract Documents or from prevailing custom or trade usage as being
required to produce the intended result will be provided whether or not specifically called for at no additional cost to
OWNER.

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Finance Committee - Agenda - 2/1/2017 - P155

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