SECTION 01 2000

PRICE AND PAYMENT PROCEDURES
PART 1  GENERAL
1.01	SECTION INCLUDES
A.	Procedures for preparation and submittal of applications for progress payments.
B.	Documentation of changes in Contract Sum and Contract Time.
C.	Change procedures.
D.	Procedures for preparation and submittal of application for final payment.
1.02	RELATED REQUIREMENTS
A.	Contracting Forms and Supplements:  Forms to be used.
B.	General Conditions and Supplementary General Conditions: Additional requirements for progress payments, final payment, changes in the Work.
1.03	SCHEDULE OF VALUES
A.	Electronic media printout including equivalent information will be considered in lieu of standard form specified; submit sample to Architect/Engineer for approval.
B.	Forms filled out by hand will not be accepted.
C.	Submit Schedule of Values in duplicate within 15 days after date of Owner-Contractor Agreement.
D.	Format:  Utilize the Table of Contents of this Project Manual. Identify each line item with number and title of the specification Section.
E.	Revise schedule to list approved Change Orders, with each Application For Payment.
1.04	APPLICATIONS FOR PROGRESS PAYMENTS
A.	Payment Period:  Submit at intervals stipulated in the Agreement.
B.	Electronic media printout including equivalent information will be considered in lieu of standard form specified; submit sample to Architect/Engineer for approval.
C.	Forms filled out by hand will not be accepted.
D.	Execute certification by signature of authorized officer.
E.	List each authorized Change Order as a separate line item, listing Change Order number and dollar amount as for an original item of Work.
F.	Submit three copies of each Application for Payment.
G.	Include the following with the application:
1.	Construction progress schedule, revised and current as specified in Section 01 3000.
2.	Partial release of liens from major Subcontractors and vendors.
1.05	MODIFICATION PROCEDURES
A.	For minor changes not involving an adjustment to the Contract Sum or Contract Time, Architect/Engineer will issue instructions directly to Contractor.

B.	For other required changes, Architect/Engineer will issue a document signed by Owner instructing Contractor to proceed with the change, for subsequent inclusion in a Change Order.
1.	The document will describe the required changes and will designate method of determining any change in Contract Sum or Contract Time.
2.	Promptly execute the change.
C.	For changes for which advance pricing is desired, Architect/Engineer will issue a document that includes a detailed description of a proposed change with supplementary or revised drawings and specifications, a change in Contract Time for executing the change with a stipulation of any overtime work required and the period of time during which the requested price will be considered valid.  Contractor shall prepare and submit a fixed price quotation within 7 days.
D.	Computation of Change in Contract Amount:  As specified in the Agreement and Conditions of the Contract.
E.	Execution of Change Orders:  Architect/Engineer will issue Change Orders for signatures of parties as provided in the Conditions of the Contract.
F.	After execution of Change Order, promptly revise Schedule of Values and Application for Payment forms to record each authorized Change Order as a separate line item and adjust the Contract Sum.
G.	Promptly revise progress schedules to reflect any change in Contract Time, revise sub-schedules to adjust times for other items of work affected by the change, and resubmit.
H.	Promptly enter changes in Project Record Documents.
1.06	APPLICATION FOR FINAL PAYMENT
A.	Prepare Application for Final Payment as specified for progress payments, identifying total adjusted Contract Sum, previous payments, and sum remaining due.
END OF SECTION 01 2000