man000215 54

\ e lu s iv e o f s u p e rv is io n and e n g in e e rin g , i s th e sum o f Three Hun­dred Twenty Thousand D o lla r s ( $ 3 2 0 ,0 0 0 .0 0 ) . W ithin th e tim e and in th e manner provid ed in S e c tio n 7 h e re o f th e D i s t r i c t s h a l l de­p o s i t in th e escrow r e f e r r e d to in S e c tio n 7 s a id sum o f Three Hundred Twenty Thousand D o lla r s ($ 3 2 0 ,0 0 0 .0 0 ) p lu s a sum eq u al to te n p e rc e n t (1 0 $ ) t h e r e o f , th e t o t a l o f b oth o f s a id sums b ein g th e a g g re g a te amount o f Three Hundred P ifty -tw o Thousand D o lla r s ( $ 3 5 2 ,0 0 0 .0 0 ) . (S a id a g g reg a te amount o f Three Hundred F ifty -tw o Thousand D o lla r s ($ 3 5 2 ,0 0 0 .0 0 ) i s h e r e in sometimes r e f e r r e d to as R e lo c a tio n Fund . ) The escrow in s t r u c t io n s r e f e r r e d to in S e c ­t io n 7 s h a l l p rov id e f o r d isb u rsem en ts by th e Escrow Agent from s a id R e lo c a tio n Fund p u rsu an t to th e p r o v is io n s o f t h i s S e c tio n 5. I t i s agreed th a t i f payments a re made from s a id R e lo c a ­t io n Fund f o r m a te r ia ls su p p lie d o r work perform ed p u rsu an t to a c o n t r a c t o r c o n t r a c ts e n te re d in to by th e F i r s t P a r t i e s , s a id F i r s t P a r t ie s s h a l l be e n t i t l e d to r e c e iv e th e payments from s a id R e lo c a ­t io n Fund f o r s e r v ic e s rend ered by th e F i r s t P a r t ie s as fo llo w s : ( l ) I f i t s h a l l be n e c e s s a ry f o r th e F i r s t P a r­t i e s both to p rep are p la n s and s p e c i f i c a t i o n s f o r th e perform ance o f any c o n tr a c t o r c o n tr a c ts e n te re d in to by s a id F i r s t P a r t ie s and to in s p e c t th e work c a lle d f o r by s a id c o n tr a c t o r c o n tr a c ts during c o n s tr u c tio n , s a id F i r s t P a r t ie s s h a l l be e n t i t l e d to a sum eq u a l to te n p e rc e n t (1 0 $ ) o f th e payments made pu rsuan t to s a id c o n tr a c t o r c o n t r a c t s , s a id sum to r e p r e s e n t compensa­t io n f o r p r e p a r a tio n p f th e p la n s and s p e c i f i c a t i o n s and in s p e c tio n o f th e work during c o n s tr u c tio n , in c lu d in g any su rv ey in g and e n g in e e rin g n e c e s s a ry t h e r e f o r . (2.) I f th e F i r s t P a r t ie s s h a l l use p la n s and sp e­c i f i c a t i o n s prep ared by th e D i s t r i c t and approved by th e F i r s t P a r t i e s , s a id F i r s t P a r t ie s s h a l l be e n t i t l e d to a sum eq u al to f i v e p e rc e n t (5 $ ) o f th e payments made pu r­su an t ...to**said c o n tr a c t o r c o n t r a c t s , s a id sum to r e p r e ­s e n t com pensation f o r in s p e c tio n during c o n s t r u c t io n ,in ­clu d in g any su rv ey in g and e n g in e e rin g n e c e s s a ry f o r s a id c o n s tr u c tio n . From tim e to tim e as amounts become due and p ayable under th e term s o f a c o n tr a c t o r c o n tr a c ts e n te re d in to f o r th e supplying o f m a te r ia ls f o r o r th e perform ance o f a l l o r any p o r tio n o f th e work p rovid ed f o r in t h i s S e c tio n 5 , th e p a r ty to t h i s agreem ent who s h a l l have e n te re d in to such a c o n tr a c t o r c o n tr a c ts s h a l l e x - 1 9 .