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interests.The Owner agrees to furnish and approve,in a timely manner,information required by the Contractor and to make payments to the Contractor in accordance with the requirements of the Contract Documents. ARTICLE 4 DATE Of COMMENCEMENT AND SUBSTANTIAL COMPLETION § 41 The date of commencement of the Work shall be: (Check one ofthefollowing boxes) t } The date of this Agreement. [X] A date set forth in a notice(s)to proceed issued by the Owner. ( } Established as follows: (Insert a date or a tnea»s to deterntine the date ofcommencentent(?J'ahe Work.) (Paragraph deleted) § 4.2 The Contract Time shall be measured from the date of commencement of the Work. § 4.3 Substatttiai Completion § 4.3.1 Subject to adjustments of the Contract Time as provided in the Contract Documents,the Contactor shall achieve Substantial Completion of the entire Work: (Check one of the following boxes and complete the necessary information.) [ ] Not later than ( )calendar days from the date of commencement of the Work. 1 [X] By the following date:September 30,2026,assuming phased construction documents are issued starting June 30,2024 through December 1,2024. § 4.3.2 Subject to adjustments of the Contract Time as provided in the Contract Documents,if portions of the Work are to be completed prior to Substantial Completion of the entire Work,the Contractor shall achieve Substantial Completion of such portions by the following dates: All schedule milestones and scope duration will be mutually agreed upon by the owner,contractor and architect at the related change order. (Table deleted) § 4.3.3If the Contractor fails to achieve Substantial Completion as provided in this Section 4.3,liquidated damages,if any,shall be assessed as set forth in Section 5.1.6. ARTICLE 5 CONTRACT SUM § 5.1 The Owner shall pay the Contractor the Contract Sum in current funds for the Contractor's performance of the Contract.The Contract Sum is the Cost of the Work as defined in Article 7 plus the Contractor's Fee. § 5.1.1 The Contractor's Fee: (State a lump suns,percentage of Cost of the Work,or other pr ovision for determining the Contractor's Fee) A Lump Sum Contractor's Fee for Construction Services equal to Four Percent(4%)of the Estimated Cost of the Work as set out in each Guaranteed Maximum Price(GMP), . A Lump Sum Contractor's Fee for Precoustruction Services equal to 0.25%of the Estimated Cost of the Work as set out in each Guaranteed Maximum Pri•e C P § 5.1.2 The method of adjustment of the Contractor's Fee for changes in the Work: For any Change Orders,the Contractor's Fee will be adjusted(additive or deductive)by Four Percent(4%)of the cost associated with the work(change order). § 5.1.3 Limitations,if any,on a Subcontractor's overhead and profit for increases in the cost of its portion of the Work: Init. AIA Document A102—2017 Copyright 0 1920,1925,1951,1956,1961,1963,1967,1974,1976,1967,1997,2007 and 2017.All rights reserved."The American Institute of Architects,""American Insuute of Architects,""AIA,"the AIR Logo,and"AIA Contract Documents"are trademarks of The American institute of Architects. 3 This document was produced at 15:07:01 CT on 12/12/2023 wider order No.41 04240617 which expires on 03110,2024,is not for resale,is licensed for one-tlme i use only,and may only be used in accordance with the AIA Contract Documents'Terms of Service.To report copyright violations,e-mail docinfo@aiacc)ntracts.com. User Notes (1466209683)