SCHEDULE OF PARTIAL PAYMENTS FOR GEOMETRIC CONTROLS WHEN THE CONTRACT BID PRICE FOR GEOMETRIC CONTROLS IS LESS THAN, OR EQUAL TO 5 % OF THE ORIGINAL CONTRACT AMOUNT (Partial Payments are a % of the Contract Amount for Geometric Controls) TIME OF PARTIAL PAYMENT AMOUNT OF PARTIAL PAYMENT ACCUMULATED PAYMENT First Estimate 20% of the Bid Price for Geometric Controls 20% of the Bid Price for Geometric Controls After the First Estimate and When the Percent Complete Exceeds 5 % of the Adjusted Contract Amount 50% of the Bid Price for Geometric Controls 70% of the Bid Price for Geometric Controls After the First Estimate and When the Percent Complete Exceeds 50 % of the Adjusted Contract Amount 30% of the Bid Price for Geometric Controls 100% of the Bid Price for Geometric Controls Note: If 50 % or more of the Adjusted contract amount is completed by the first estimate, a payment of 75 % of the Bid Price for Geometric Controls will be made on the first estimate. The remainder of the Bid Price for Geometric Controls will be paid on the following estimate. SCHEDULE OF PARTIAL PAYMENTS FOR GEOMETRIC CONTROLS WHEN THE CONTRACT BID PRICE FOR GEOMETRIC CONTROLS IS GREATER THAN 5 % OF THE ORIGINAL CONTRACT AMOUNT (Partial Payments are a % of the Contract Amount for Geometric Controls) TIME OF PARTIAL PAYMENT AMOUNT OF PARTIAL PAYMENT ACCUMULATED PAYMENT First Estimate 10% of the Bid Price for Geometric Controls 10% of Total Bid Price for Geometric Controls After the First Estimate and When the Percent Complete Exceeds 5 % of the Adjusted Contract Amount 25% of the Bid Price for Geometric Controls 35% of Total Bid Price for Geometric Controls After the First Estimate and When the Percent Complete Exceeds 50 % of the Adjusted Contract Amount 50% of the Bid Price for Geometric Controls 85% of the Bid Price for Geometric Controls At Acceptance for Maintenance per Item 105.15(c)3. 15% of the Bid Price for Geometric Controls 100% of the Bid Price for Geometric Controls When more than one project is included in one contract, the amount of payment to be made will be based on the "Percent Complete" as defined in Article 108.04 and amount of the entire contract, not the amount of each individual project. Once the amount of partial payment is determined, based on the entire contract, this amount will then be prepared for payment on each individual project based on the fraction of the total contract of which the project is a part.
680.05 Basis of Payment.
680.04 The final quantity for this item will be 1.0 unless the project is terminated prior to completing
the work in accordance with Article 108.14. When more than one project is included in a contract, the amount of a partial payment will be the sum of separate calculations made for each project.
698.01 Description.
This Section shall cover the cost of construction fuel for the equipment necessary for the performance of the required work except for the production of Hot Mix Asphalt (HMA).
698.02 Bidding
The bidder shall enter an amount from zero dollars up to the maximum dollar amount shown in the pay item description for fuel on the proposal form. The Contractor signifies that this amount represents a reasonable estimate of the fuel costs isolated from all other costs of completing the required work except for the production of HMA. If a proposal contains an amount greater than the maximum amount shown in the pay item description, the amount bid for Construction Fuel will be assigned a value that is the maximum amount.
698.03 Method of Determining Partial Payments and Cost Adjustments.
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