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? <br />? <br />OWNER-CONTRACTOR AGREEMENT SECTION 00514 <br />1.4 ARTICLE 3 CONTRACT SUM <br />A. The Owner shall pay the Contractor in current funds for the performance of <br />the Work, subject to additions and deductions by Change Order as provided <br />in the Contract Documents, the Contract Sum of:_ <br />Three hundred seventv two thousand, eight hundred seventv and 8/100ths <br />Dollars ($ 372,870.08 ). <br />1. For the General Trades Contractor, such Contract Sum shall include all <br />costs for assuming and administering the Contracts of the Trades <br />Contractors. <br />1.5 ARTICLE 4 PROGRESS PAYMENTS <br />A. The Owner shall make progress payments on the tenth day of the month <br />following according to the paragraph Progress Payments in the General <br />Conditions. <br />1.6 ARTICLE 5 TIME OF COMMENCEMENT AND FINAL COMPLE'T'ION <br />A. The Contractor shall begin work upon authorization ofNotice to Proceed and <br />without further notice and shall prosecute the work diligently so as to assure <br />Final Completion of the proj ect on or by Decembe7• 31, 2003. The provisions <br />relating to the time of performance and completion.of the Work included in <br />this Contract are of the essence of this Contract. <br />1.7 IN WITNESS WHEREOF <br />A. The parties hereto have affixed their signatures the day and year above <br />mentioned. <br />ATTEST ?ER <br />,. <br />B PName Title <br />, <br />CONTRACTOR <br />By: <br />Name Title <br />13808405-00514 <br />10/08/2003 <br />Upper 40 Riparian Restoration <br />Page 2