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ON <br />M <br />9.6 LIQUIDATED DAMAGES <br />9.6.1 Time is the essence of the contract. The Contractor thereby <br />agrees that the Owner will be entitled to damages for failure on the <br />part of the contractor to comp' to the Work within the time limits <br />is provided for in the Contract Documents. <br />9.6.2 Should the Contractor fail to complete the project on or be- <br />fore the specified date, liquidated damages in the amount specified <br />in the Special Provisions shall be deducted from any monies due or <br />coming due to the Contractor or shall be paid to the Owner not as a <br />penalty but as liquidated damages for each and every calendar day <br />A that the contract shall remain uncompleted after the specified date <br />1! for completion. Liquidated damages are specified herein because of <br />the extreme difficulty of ascertaining and establishing the actual <br />damages which the Owner would sustain. <br />t <br />SECTION 10 <br />it MEASUREMENT AND PAYMENT <br />M 10.1 DETAILED BREAKDOWN OF CONTRACT AMOUNT <br />Except in cases where unit prices form the basis for payment under the Con- <br />tract Documents, the Contractor shall, within ten (10) days of receipt of the <br />Contract Doctunents, submit an itemized breakdown of the Contract Amount having <br />the value, including an allowance for profit and overhead, assigned to each <br />part of the Work. Unless the breakdown of the Contract Amount is objected to <br />by the Owner, it shall be used as the basis for all Requests for Payment. <br />10.2 REQUEST FOR PAYMENT <br />!'t The Contractor may submit periodically, but not more than once each month, a <br />Request for Payment for Work done and materials delivered and stored on the <br />site. Payment for materials stored on the site will be conditioned on the <br />following: <br />hA <br />(a) The Contractor shall !submit evidence to establish the Owner's <br />title to such materials. <br />(b) Acceptable provisions have been made for storage. <br />(c) The Contractor shall provide and maintain insurance against <br />all loss, theft, vandalism, damage and similar peril for the full <br />value of the stored materiel. The insurance on the stored material <br />shall name the Owner as inRured. <br />h <br />3595a <br />4/A l <br />�Ilirl. , <br />