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Liberty Tower Exterior Renovations - Ph 2 <br />South Bend, Indiana <br />SECTION 012000 - PRICE AND PAYMENT PROCEDURES <br />PART 1 GENERAL <br />1.1 SECTION INCLUDES <br />© Copyright, Kil Architecture / Planning <br />September 2020 <br />A. Procedures for preparation and submittal of applications for progress payments. <br />B. Documentation of changes in Contract Sum and Contract Time. <br />C. Change procedures. <br />D. Procedures for preparation and submittal of application for final payment. <br />1.2 SCHEDULE OF VALUES <br />A. Use Schedule of Values Form: AIA G703, edition stipulated in the Agreement. <br />B. Electronic media printout including equivalent information will be considered in lieu of <br />standard form specified; submit draft to Architect for approval. <br />C. Forms filled out by hand will not be accepted. <br />D. Submit Schedule of Values in duplicate within 15 days after date of Owner -Contractor <br />Agreement. <br />E. Format: Utilize the Table of Contents of this Project Manual. Identify each line item with <br />number and title of the specification section. Identify site mobilization. <br />F. Include in each line item, the amount of Allowances specified in this section. For unit cost <br />Allowances, identify quantities taken from Contract Documents multiplied by the unit cost to <br />achieve the total for the item. <br />G. Revise schedule to list approved Change Orders, with each Application For Payment. <br />1.3 APPLICATIONS FOR PROGRESS PAYMENTS <br />A. Payment Period: Submit at intervals stipulated in the Agreement. <br />B. Use Form AIA G702 and Form AIA G703, edition stipulated in the Agreement. <br />C. Forms filled out by hand will not be accepted. <br />D. Execute certification by signature of authorized officer. <br />E. Use data from approved Schedule of Values. Provide dollar value in each column for each line <br />item for portion of work performed and for stored products. <br />F. List each authorized Change Order as a separate line item, listing Change Order number and <br />dollar amount as for an original item of work. <br />G. Submit one electronic and no hard -copies of each Application for Payment. <br />PRICE AND PAYMENT 01 2000 - 1 <br />PROCEDURES <br />