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TABLE OF LIQUIDATED DAMAGES <br />Original Contract Amount Charge Per <br />From Morethan To and Including CalendarDay <br />N N N <br />0 <br />25,000 <br />300 <br />25,000 <br />100,000 <br />400 <br />100,000 <br />500,000 <br />900 <br />500,000 <br />1,000,000 <br />1,200 <br />1,000,000 <br />2,000,000 <br />1,500 <br />2,000,000 <br />5,000,000 <br />2,500 <br />5,000,000 <br />10,000,000 <br />3,000 <br />10,000,000 <br />------- <br />3,500 <br />ARTICLE 5 — CONTRACT PRICE <br />5.1 Owner shall pay Contractor for completion of the Work in accordance with the Contract Documents an amount in <br />current funds equal to the sum of the amounts determined pursuant to Paragraphs 5.01.A below: <br />A. For all Unit Price Work, an amount equal to the sum of the established unit price for each separately identified <br />item of Unit Price Work times the estimated quantity of that item as indicated in Contractor's Bid, attached hereto <br />as an exhibit. <br />As provided in Paragraph 11.03 of the General Conditions, estimated quantities are not guaranteed, and <br />determinations of actual quantities and classifications are to be made by Engineer as provided in Paragraph 9.07 of <br />the General Conditions. Unit prices have been computed as provided in Paragraph 11.03 of the General Conditions. <br />ESTIMATED TOTAL OF ALL UNIT PRICE WORK <br />ARTICLE 6 — PAYMENT PROCEDURES <br />6.1 Submittal and Processing ofPayments <br />$ Two Hundred and sixty-eight $268,200 <br />thousand, two hundred dollars. <br />(use words) (figure) <br />A. Contractor shall submit Applications for Payment in accordance with Article 14 of the General Conditions. <br />Applications for Payment will be processed by Engineer as provided in the General Conditions. <br />6.2 Progress Payments; Retainage <br />A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor's Applications <br />for Payment on or about the 15'11 day of each month during performance of the Work as provided in Paragraphs <br />6.02.A.1 and 6.02.A.2 below. All such payments will be measured by the schedule of values established as <br />provided in Paragraph 2.07.A of the General Conditions (and in the case of Unit Price Work based on the number <br />of units completed) or, in the event there is no schedule of values, as provided in the General Requirements: <br />1. Subject to the provisions of SC-14.02, progress payments will be made in an amount equal to the percentage <br />indicated below but, in each case, less the aggregate of payments previously made and less such amounts as <br />Engineer may determine or Owner may withhold, including but not limited to liquidated damages, in <br />accordance with Paragraph 14.02 of the General Conditions: <br />a. Ninety-five percent (95%) of Work completed (withthe balance being retainage). <br />Standard Form of Agreement <br />00 52 00-2 <br />