Ratify Contract - Madison Lifestyle Parking Garage CMc Proj No 123-074 - FA Wilhelm

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AIA Document A133® - 2019 Standard Form of Agreement Between Owner and Construction Manager as Constructor where the basis of payment is the Cost of the Work Plus a Fee with a Guaranteed Maximum Price Sections 11.1.7.1.1 and 11.1.7.1.2 bears to a reasonable estimate of the probable Cost of the Work upon its completion. § 11.1.7.2 The amount of each progress payment shall then be reduced by: .1 The aggregate of any amounts previously paid by the Owner; .2 The amount, if any, for Work that remains uncorrected and for which the Architect has previously withheld a Certificate for Payment as provided in Article 9 of AIA Document A201-2017; .3 Any amount for which the Construction Manager does not intend to pay a Subcontractor or material supplier, unless the Work has been performed by others the Construction Manager intends to pay; .4 For Work performed or defects discovered since the last payment application, any amount for which the Architect may withhold payment, or nullify a Certificate of Payment in whole or in part, as provided in Article 9 of AIA Document A201-2017; .5 The shortfall, if any, indicated by the Construction Manager in the documentation required by Section 11.1.4 to substantiate prior Applications for Payment, or resulting from errors subsequently discovered by the Owner's auditors in such documentation; and .6 Retainage withheld pursuant to Section 11.1.8. § 11.1.8 Retainage § 11.1.8.1 For each progress payment made prior to Substantial Completion of the Work, the Owner may withhold the following amount, as retainage, from the payment otherwise due: (Insert a percentage or amount to be withheld as retainage from each Application for Payment, The amount of retainage may be limited by governing law.) Five Percent (5%) , . I- L § 11.1.8.1.1 The following items are not subject to retainage: (Insert any items not subject to the withholding of retainage, such as general conditions, insurance, etc.) Costs of the Work that are not Subcontract Costs or lump sum amounts for the Construction Manager's self -performed portion of the Work. § 11.1.8.2 Reduction or limitation of retainage, if any, shall be as follows: (If the retainage established in Section 11.1.8.1 is to be modified prior to Substantial Completion of the entire Work, insert provisions for such modification.) None; s- IA. Document A133 - 2019, Coo right 1991, 2003, 1111, and 2019. All rights reserved, "The American Institute of r10 Architects," "Ama r, can Instr to to of me hi tect s," "AIA," the AIA Logo, and "AIA. Contract Documents" are tradema,ks of The 28 American Institute of Architects. This draft was produced at 08:52:26 -T on 10/11/2023 under Order N d.211a4"7 "743"7 which efpi-es on 10/10/2C24, is not for resale, is licensed f _ ime us,_ only, and m only be used in accordance with me .._r. Contract Documents• Terms of Servir_e_ To report copyright violations, e-mail docinfo@aiacontracts.com. User Notes: