4.1.5 The net amount of any unexpended cash allowances, after providing for any reallocations as contemplated in paragraph 4.1.4, shall be deducted from the by Contract Price Change without any adjustment for the overhead Order Contractor's and profit on such amount. .3 Add new paragraph 4.1.8: 4.1.8 The reserves the right to call, or to have the Owner call, for competitive bids for portions of the Contractor to be paid for from cash allowances. Work, GC 5.1 FINANCING INFORMATION REQUIRED OF THE OWNER .1 Revise the heading, 5.1 FINANCING INFORMATION “GC REQUIRED OF THE to read, 5.1 FINANCING OWNER” “GC INFORMATION REQUIRED”. .2 Delete paragraph 5.1.1 in its entirety and substitute new paragraph 5.1.1: 5.1.1 The and shall provide each other with Owner Contractor timely of any material change in their Notice in Writing financial ability to fulfil their respective obligations under the Contract. .3 Delete paragraph 5.1.2 in its entirety. GC 5.2 APPLICATIONS FOR PROGRESS PAYMENT .1 Add to the end of paragraph 5.2.7 the following new sentence: Any delivered to the but not yet Products Place of the Work incorporated into the shall remain at the risk of the Work notwithstanding that title has passed to the Contractor pursuant to General Condition 13.1 - OWNERSHIP Owner OF MATERIALS. .2 Add new paragraphs 5.2.8, 5.2.9, and 5.2.10: 5.2.8 As a condition of receiving each progress payment after the first, the shall submit a Statutory Declaration on Contractor an original form CCDC Document 9A-2001, attesting to the truth of the statements made therein.
4.1.5 The net amount of any unexpended cash allowances, after providing for any reallocations as contemplated in paragraph 4.1.4, shall be deducted from the Contract Price by Change Order without any adjustment for the Contractor's overhead and profit on such amount. .3 Add new paragraph 4.1.8: 4.1.8 The Owner reserves the right to call, or to have the Contractor call, for competitive bids for portions of the Work, to be paid for from cash allowances. GC 5.1 FINANCING INFORMATION REQUIRED OF THE OWNER .1 Revise the heading, “GC 5.1 FINANCING INFORMATION REQUIRED OF THE OWNER” to read, “GC 5.1 FINANCING INFORMATION REQUIRED”. .2 Delete paragraph 5.1.1 in its entirety and substitute new paragraph 5.1.1: 5.1.1 The Owner and Contractor shall provide each other with timely Notice in Writing of any material change in their financial ability to fulfil their respective obligations under the Contract. .3 Delete paragraph 5.1.2 in its entirety. GC 5.2 APPLICATIONS FOR PROGRESS PAYMENT .1 Add to the end of paragraph 5.2.7 the following new sentence: Any Products delivered to the Place of the Work but not yet incorporated into the Work shall remain at the risk of the Contractor notwithstanding that title has passed to the Owner pursuant to General Condition 13.1 - OWNERSHIP OF MATERIALS. .2 Add new paragraphs 5.2.8, 5.2.9, and 5.2.10: 5.2.8 As a condition of receiving each progress payment after the first, the Contractor shall submit a Statutory Declaration on an original form CCDC Document 9A-2001, attesting to the truth of the statements made therein.
Addendum-2-CCDC2-Supplementary-Conditions.docx