Document:

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                                                                   EXHIBIT 10.61

                  STANDARD FORM OF AGREEMENT BETWEEN OWNER AND
            CONTRACTOR WHERE THE BASIS FOR PAYMENT IS THE COST OF THE
           WORK PLUS A FEE WITH A NEGOTIATED GUARANTEED MAXIMUM PRICE

                            AIA DOCUMENT A111 - 1997

                        1997 EDITION - ELECTRONIC FORMAT

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This document has important legal consequences. Consultation with an attorney is
encouraged with respect to its completion or modification. AUTHENTICATION OF
THIS ELECTRONICALLY DRAFTED AIA DOCUMENT MAY BE MADE BY USING AIA DOCUMENT D401.

This document is not intended for use in competitive bidding.

AIA Document A201-1997, General Conditions of the Contract for Construction, is
adopted in this document by reference.

This document has been approved and endorsed by The Associated General
Contractors of America.

Copyright 1920, 1925, 1951, 1958, 1961, 1963, 1967, 1974, 1978, 1987, (C) 1997
by The American Institute of Architects. Reproduction of the material herein or
substantial quotation of its provisions without written permission of the AIA
violates the copyright laws of the United States and will subject the violator
to legal p
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AGREEMENT made as of the    day of      in the year Two Thousand.
(IN WORDS, INDICATE DAY, MONTH AND YEAR)

BETWEEN the Owner:
(NAME, ADDRESS AND OTHER INFORMATION)
BSL, Inc.
711 Casino Magic Drive
Bay St. Louis, MS 39520

and the Contractor:
(Name, address and other information)
Roy Anderson Corp
P.O. Box 2
Gulfport, MS 39502

The Project is:
(NAME AND LOCATION)
Casino Magic Hotel, Phase I
Bay St. Louis, MS

The Architect is:
(NAME, ADDRESS AND OTHER INFORMATION)
Urban Design Group, Inc.
2410 Paces Ferry Road, Suite 270
Atlanta, GA 30339

The Owner and Contractor agree as follows.

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ARTICLE 1  THE CONTRACT DOCUMENTS

          The Contract Documents consist of this Agreement, Conditions of the
          Contract (General, Supplementary and other Conditions), Drawings,
          Specifications, Addenda issued prior to execution of this Agreement,
          other documents listed in this Agreement and Modifications issued
          after execution of this Agreement; these form the Contract, and are as
          fully a part of the Contract as if attached to this Agreement or
          repeated herein. The Contract represents the entire and integrated
          agreement between the parties hereto and supersedes prior
          negotiations, representations or agreements, either written or oral.
          An enumeration of the Contract Documents, other than Modifications,
          appears in Article 15. If anything in the other Contract Documents is
          inconsistent with this Agreement, this Agreement shall govern.

ARTICLE 2  THE WORK OF THIS CONTRACT

          The Contractor shall fully execute the Work described in the Contract
          Documents, except to the extent specifically indicated in the Contract
          Documents to be the responsibility of others. See Contractor's Scope
          Summary, GMP Estimate with Allowances and Schedule, attached hereto as
          Exhibit "B" and the Renovation Scope, attached hereto as Exhibit "G".

ARTICLE 3  RELATIONSHIP OF THE PARTIES
          3.1 The Contractor accepts the relationship of trust and confidence
established by this Agreement and covenants with the Owner to cooperate with the
Architect and exercise the Contractor's skill and judgment in furthering the
interests of the Owner; to furnish efficient business administration and
supervision; to furnish at all times an adequate supply of workers and
materials; and to perform the Work in an expeditious and economical manner
consistent with the Owner's interests. The Owner agrees to furnish and approve,
in a timely manner, information required by the Contractor and to make payments
to the Contractor in accordance with the requirements of the Contract Documents.

Insert A: 3.2 Contractor acknowledges that is has carefully examined the
location, accessibility, and general character of the site of the Work and all
existing buildings on site. The Contractor shall exercise special care in
executing subsurface work in the proximity of known subsurface utilities,
improvements and easements. No oral agreement or conversation with any officer,
agent or employee of Owner either before or after the execution of the Agreement
shall affect or modify any of the terms or obligations herein contained.

ARTICLE 4  DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION
          4.1 The date of commencement of the Work shall be the date Owner
execution of this Agreement unless a different date is stated below or
provision is made for the date to be fixed in a notice to proceed issued by the
Owner. However, the only Work to commence immediately shall be the Work (the
"Renovation Work") set forth in the Renovation Scope, attached hereto as
Exhibit "G". All other Work shall commence upon a notice to proceed issued by
Owner (the "Construction Notice"). (INSERT THE DATE OF COMMENCEMENT, IF IT
DIFFERS FROM THE DATE OF THIS AGREEMENT OR, IF APPLICABLE, STATE THAT THE DATE
WILL BE FIXED IN A NOTICE TO PROCEED.)

          If, prior to commencement of the Work, the Owner requires time to file
          mortgages, mechanic's liens and other security interests, the Owner's
          time requirement shall be as follows: N/A

          4.2 The Contract Time shall be measured from the date of commencement
for the Renovation Work, and from the date of the Construction Notice for all
other Work (Work other than Renovation Work is referred to as "Expansion Work").

          4.3 The Contractor shall achieve Substantial Completion of the
Renovation Work not later than the date established in Amendment No. 1.

          (INSERT NUMBER OF CALENDAR DAYS. ALTERNATIVELY, A CALENDAR DATE MAY BE
          USED WHEN COORDINATED WITH THE DATE OF COMMENCEMENT. UNLESS STATED
          ELSEWHERE IN THE CONTRACT DOCUMENTS, INSERT ANY REQUIREMENTS FOR
          EARLIER SUBSTANTIAL COMPLETION OF CERTAIN PORTIONS OF THE WORK.)

          , subject to adjustments of this Contract Time as provided in the
Contract Documents.

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          (INSERT PROVISIONS, IF ANY, FOR LIQUIDATED DAMAGES RELATING TO FAILURE
          TO COMPLETE ON TIME, OR FOR BONUS PAYMENTS FOR EARLY COMPLETION OF THE
          WORK.)

ARTICLE 5  BASIS FOR PAYMENT
          5.1 CONTRACT SUM

               5.1.1 The Owner shall pay the Contractor the Contract Sum in
current funds for the Contractor's performance of the Contract. The Contract Sum
is the Cost of the Work as defined in Article 7 plus the Contractor's Fee.

               5.1.2 The Contractor's Fee is: 4.25% of the Cost of Work plus the
cost of materials purchased as defined in Exhibit "C".

          (STATE A LUMP SUM, PERCENTAGE OF COST OF THE WORK OR OTHER PROVISION
          FOR DETERMINING THE CONTRACTOR'S FEE, AND DESCRIBE THE METHOD OF
          ADJUSTMENT OF THE CONTRACTOR'S FEE FOR CHANGES IN THE WORK.)

               5.1.3 In the event of Change Orders, the Contractor's Fee shall
be increased or decreased by 4.25% of the cost of the net increased or decreased
Work.

          5.2 GUARANTEED MAXIMUM PRICE

               5.2.1 The Drawings and Specifications are not yet sufficiently
complete for the purpose of preparing a Guaranteed Maximum Price. When the
Drawings and Specifications are sufficiently complete, the Contractor shall
propose a Guaranteed Maximum Price which shall be the sum of the estimated Cost
of the Work and the Contractor's Fee.

          (INSERT SPECIFIC PROVISIONS IF THE CONTRACTOR IS TO PARTICIPATE IN ANY
          SAVINGS.)

                    5.2.1.1 As the Drawings and Specifications may not be
finished at the time the Guaranteed Maximum Price proposal is prepared, the
Contractor shall provide in the Guaranteed Maximum Price for further development
of the Drawings and Specifications by the Architect that is consistent with the
Contract Documents and reasonably inferable therefrom. Such further development
does not include such things as changes in scope, systems, kinds and quality of
materials or finished or equipment, all of which, if required, shall be
incorporated by Change Order.

                    5.2.1.2 The estimated Cost of the Work shall include
Contractor's Contingency, a sum established by the Contractor for the
Contractor's exclusive use to cover costs arising under Subparagraph 5.2.1.1 and
other costs which are promptly reimbursable as Cost of the Work but not the
basis for a Change Order.

               5.2.2 The Contractor shall include with the Guaranteed Maximum
Price proposal a written statement of its basis, which shall include: (1) a list
of the Drawings and Specifications, including all addenda thereto and the
Conditions of the Contract, which were used in preparation of the Guaranteed
Maximum Price proposal; (2) a list of allowances and a statement of their basis;
(3) a list of the clarifications and assumptions made by the Contractor in the
preparation of the Guaranteed Maximum Price proposal to supplement the
information contained in the Drawings and Specifications; (4) the proposed
Guaranteed Maximum Price, including a statement of the estimated cost organized
by trade categories, allowances, contingency, and other items and the fee that
comprise the Guaranteed Maximum Price; (5) the date of Substantial Completion
for the Renovation Work and the Expansion Work upon which the proposed
Guaranteed Maximum Price is based; and (6) a schedule of the Construction
Documents issuance dates upon which the dates of Substantial Completion are
based.

          (STATE THE NUMBERS OR OTHER IDENTIFICATION OF ACCEPTED ALTERNATES. IF
          DECISIONS ON OTHER ALTERNATES ARE TO BE MADE BY THE OWNER SUBSEQUENT
          TO THE EXECUTION OF THIS AGREEMENT, ATTACH A SCHEDULE OF SUCH OTHER
          ALTERNATES SHOWING THE AMOUNT FOR EACH AND THE DATE WHEN THE AMOUNT
          EXPIRES.)

               5.2.3 The Contractor shall meet with the Owner and Architect to
review the Guaranteed Maximum Price proposal and the written statement of its
basis. In the event that the Owner or Architect discovers any inconsistencies or
inaccuracies in the information presented, they shall promptly notify the
Contractor, who shall make appropriate adjustments to the Guaranteed Maximum
Price proposal, its basis or both.

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               5.2.4 Unless the Owner accepts the Guaranteed Maximum Price
proposal in writing on or before the date specified in the proposal or such
acceptance and so notifies the Contractor, the Guaranteed Maximum Price proposal
shall not be effective.

          (IDENTIFY AND STATE THE AMOUNTS OF ANY ALLOWANCES, AND STATE WHETHER
          THEY INCLUDE LABOR, MATERIALS, OR BOTH.)

               5.2.5 Prior to the Owner's acceptance of the Contractor's
Guaranteed Maximum Price proposal and issuance of a Construction Notice, the
Contractor shall not perform any work, generate any Contractor's Fee, nor incur
any cost to be reimbursed as part of the Cost of the Work, except in connection
with the Renovation Work.

               5.2.6 Upon acceptance by the Owner of the Guaranteed Maximum
Price proposal, the Guaranteed Maximum price and its basis shall be set forth in
Amendment No. 1, in the form attached hereto as Exhibit "H". The Guaranteed
Maximum price shall be subject to additions and deductions by a change in the
Work as provided in the Contract Documents and the dates of Substantial
Completion shall be subject to adjustment as provided in the Contract Documents.

Insert B: 5.2.7 The Owner shall authorize and cause the Architect to revise the
Drawings and Specifications to the extent necessary to reflect the agreed upon
assumptions and clarifications contained in Amendment No. 1. Such revised
Drawings and Specifications shall be furnished to the Contractor in accordance
with schedules agreed to by the Owner, Architect, and Contractor. The Contractor
shall promptly notify the Architect and Owner if such revised Drawings and
Specifications are inconsistent with the agreed upon assumptions and
clarifications.

Insert C: 5.2.8 The Guaranteed Maximum price shall include in the Cost of the
Work only those taxes which are enacted at the time the Guaranteed Maximum Price
is established.

Insert D: 5.2.9. The sum of the Cost of the Work and the Contractor's Fee are
guaranteed by the Contractor not to exceed the amount provided in Amendment
No. 1, subject to additions and deductions by changes in the Work as provided in
the Contract documents. Such maximum sum as adjusted by approved changes in the
Work is referred to in the Contract documents as the Guaranteed Maximum Price.
Costs which would cause the Guaranteed Maximum Price to be exceeded shall be
paid by the Contractor without reimbursement by the Owner.

Insert E: 5.3 Shared savings shall be in accordance with Paragraph 14.6.2.

Insert F: 5.4 The work described in Exhibit "B" (Self Performed Work") shall be
performed by Contractor.

ARTICLE 6 CHANGES IN THE WORK
          6.1 Adjustments to the Guaranteed Maximum Price on account of changes
in the Work may be determined by any of the methods listed in Subparagraph 7.3.3
of AIA Document A201-1997.

          6.2 In calculating adjustments to subcontracts (except those awarded
with the Owner's prior consent on the basis of cost plus a fee), the terms
"cost" and "fee" as used in Clause 7.3.3.3 of AIA Document A201-1997 and the
terms "costs" and "a reasonable allowance for overhead and profit" as used in
Subparagraph 7.3.6 of AIA Document A201-1997 shall have the meanings assigned to
them in AIA Document A201-1997 and shall not be modified by Articles 5, 7 and 8
of this Agreement. Adjustments to subcontracts awarded with the Owner's prior
consent on the basis of cost plus a fee shall be calculated in accordance with
the terms of those subcontracts.

          6.3 In calculating adjustments to the Guaranteed Maximum Price, the
terms "cost" and "costs" as used in the above-referenced provisions of AIA
Document A201-1997 shall mean the Cost of the Work as defined in Article 7 of
this Agreement and the terms "fee" and "a reasonable allowance for overhead and
profit" shall mean the Contractor's Fee as defined in Subparagraph 5.1.2 of this
Agreement.

          6.4 If no specific provision is made in Paragraph 5.1 for adjustment
of the Contractor's Fee in the case of changes in the Work, or if the extent of
such changes is such, in the aggregate, that application of the adjustment

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provisions of Paragraph 5.1 will cause substantial inequity to the Owner or
Contractor, the Contractor's Fee shall be equitably adjusted on the basis of the
Fee established for the original Work, and the Guaranteed Maximum Price shall be
adjusted accordingly.

ARTICLE 7 COSTS TO BE REIMBURSED
          7.1 COST OF THE WORK

          The term Cost of the Work shall mean costs necessarily incurred by the
          Contractor in the proper performance of the Work. Such costs shall be
          at rates not higher than the standard paid at the place of the Project
          except with prior consent of the Owner. The Cost of the Work shall
          include only the items set forth in this Article 7.

          7.2 LABOR COSTS

               7.2.1 Wages of construction workers directly employed by the
Contractor to perform the construction of the Work at the site or, with the
Owner's approval, at off-site workshops.

               7.2.2 Wages or salaries of the Contractor's supervisory and
administrative personnel when stationed at the site with the Owner's approval.

          (If it is intended that the wages or salaries of certain personnel
          stationed at the Contractor's principal or other offices shall be
          included in the Cost of the Work, identify in Article 14 the personnel
          to be included and whether for all or only part of their time, and the
          rates at which their time will be charged to the Work.)

               7.2.3 Wages and salaries of the Contractor's supervisory or
administrative personnel engaged, at factories, workshops or on the road, in
expediting the production or transportation of materials or equipment required
for the Work, but only for that portion of their time required for the Work.

               7.2.4 Costs paid or incurred by the Contractor for taxes,
insurance, contributions, assessments and benefits required by law or collective
bargaining agreements and, for personnel not covered by such agreements,
customary benefits such as sick leave, medical and health benefits, holidays,
vacations and pensions, provided such costs are based on wages and salaries
included in the Cost of the Work under Subparagraphs 7.2.1 through 7.2.3.

          7.3 SUBCONTRACT COSTS

               7.3.1 Payments made by the Contractor to Subcontractors in
accordance with the requirements of the subcontracts.

          7.4 COSTS OF MATERIALS AND EQUIPMENT INCORPORATED IN THE COMPLETED
CONSTRUCTION

               7.4.1 Costs, including transportation and storage, of materials
and equipment incorporated or to be incorporated in the completed construction.
Owner shall employ an Owner Purchase Program for all component materials as
defined in Exhibit "C" other than in connection with the Renovation Work.

               7.4.2 Costs of materials described in the preceding
Subparagraph 7.4.1 in excess of those actually installed to allow for reasonable
waste and spoilage. Unused excess materials, if any, shall become the Owner's
property at the completion of the Work or, at the Owner's option, shall be sold
by the Contractor. Any amounts realized from such sales shall be credited to the
Owner as a deduction from the Cost of the Work.

          7.5 COSTS OF OTHER MATERIALS AND EQUIPMENT, TEMPORARY FACILITIES AND
              RELATED ITEMS

               7.5.1 Costs, including transportation and storage, installation,
maintenance, dismantling and removal of materials, supplies, temporary
facilities, machinery, equipment, and hand tools not customarily owned by
construction

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workers, that are provided by the Contractor at the site and fully consumed in
the performance of the Work; and cost (less salvage value) of such items if not
fully consumed, whether sold to others or retained by the Contractor. Cost for
items previously used by the Contractor shall mean fair market value.

               7.5.2 Rental charges for temporary facilities, machinery,
equipment, and hand tools not customarily owned by construction workers that are
provided by the Contractor at the site, whether rented from the Contractor or
others, and costs of transportation, installation, minor repairs and
replacements, dismantling and removal thereof. Rates and quantities of equipment
rented shall be subject to the Owner's prior approval.

               7.5.3 Costs of removal of debris from the site.

               7.5.4 Costs of document reproductions, facsimile transmissions
and long-distance telephone calls, postage and parcel delivery charges,
telephone service at the site and reasonable petty cash expenses of the site
office.

               7.5.5 That portion of the reasonable expenses of the Contractor's
personnel incurred while traveling in discharge of duties connected with the
Work.

               7.5.6 Costs of materials and equipment suitably stored off the
site at a mutually acceptable location, if approved in advance by the Owner.

          7.6 MISCELLANEOUS COSTS

               7.6.1 That portion of insurance and bond premiums that can be
directly attributed to this Contract: Contractor shall also employ a Contractor
Controlled Insurance Program (CCIP) which will cover the Work of the
subcontractors selected by the Contractor for the Expansion Work; Contractor
need not employ the CCIP for the Renovation Work, but if it does so any cost of
such CCIP in excess of costs which would otherwise have been incurred shall be
borne by Contractor. The cost of the insurance, as identified in the
subcontractor's bid proposal, shall serve as the basis of the Contractor's
insurance billing to the Owner, except to the extent that the CCIP program is in
force for the Expansion Work.

               7.6.2 Sales, use or similar taxes imposed by a governmental
authority that are related to the Work.

               7.6.3 Fees and assessments for the building permit and for other
permits, licenses and inspections for which the Contractor is required by the
Contract Documents to pay.

               7.6.4 Fees of laboratories for tests required by the Contract
Documents, except those related to defective or nonconforming Work for which
reimbursement is excluded by Subparagraph 13.5.3 of AIA Document A201-1997 or
other provisions of the Contract Documents, and which do not fall within the
scope of Subparagraph 7.7.3.

               7.6.5 Royalties and license fees paid for the use of a particular
design, process or product required by the Contract Documents; the cost of
defending suits or claims for infringement of patent rights arising from such
requirement of the Contract Documents; and payments made in accordance with
legal judgments against the Contractor resulting from such suits or claims and
payments of settlements made with the Owner's consent. However, such costs of
legal defenses, judgments and settlements shall not be included in the
calculation of the Contractor's Fee or subject to the Guaranteed Maximum Price.
If such royalties, fees and costs are excluded by the last sentence of
Subparagraph 3.17.1 of AIA Document A201-1997 or other provisions of the
Contract Documents, then they shall not be included in the Cost of the Work.

               7.6.6 Data processing costs related to the Work.

               7.6.7 Deposits lost for causes other than the Contractor's
negligence or failure to fulfill a specific responsibility to the Owner as set
forth in the Contract Documents.

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               7.6.8 Legal, mediation and arbitration costs, including
attorneys' fees, other than those arising from disputes between the Owner and
Contractor, reasonably incurred by the Contractor in the performance of the Work
and with the Owner's prior written approval; which approval shall not be
unreasonably withheld.

               7.6.9 Expenses incurred in accordance with the Contractor's
standard personnel policy for relocation and temporary living allowances of
personnel required for the Work, if approved by the Owner.

          7.7 OTHER COSTS AND EMERGENCIES

               7.7.1 Other costs incurred in the performance of the Work if and
to the extent approved in advance in writing by the Owner.

               7.7.2 Costs due to emergencies incurred in taking action to
prevent threatened damage, injury or loss in case of an emergency affecting the
safety of persons and property, as provided in Paragraph 10.6 of AIA Document
A201-1997.

               7.7.3 Costs of repairing or correcting damaged or nonconforming
Work executed by the Contractor, Subcontractors or suppliers, provided that such
damaged or nonconforming Work was not caused by negligence or failure to fulfill
a specific responsibility of the Contractor and only to the extent that the cost
of repair or correction is not recoverable by the Contractor from insurance,
sureties, Subcontractors or suppliers.

ARTICLE 8 COSTS NOT TO BE REIMBURSED
          8.1 The Cost of the Work shall not include:

               8.1.1 Salaries and other compensation of the Contractor's
personnel stationed at the Contractor's principal office or offices other than
the site office, except as specifically provided in Subparagraphs 7.2.2 and
7.2.3 or as may be provided in Article 14.

               8.1.2 Expenses of the Contractor's principal office and offices
other than the site office.

               8.1.3 Overhead and general expenses, except as may be expressly
included in Article 7.

               8.1.4 The Contractor's capital expenses, including interest on
the Contractor's capital employed for the Work.

               8.1.5 Rental costs of machinery and equipment, except as
specifically provided in Subparagraph 7.5.2.

               8.1.6 Except as provided in Subparagraph 7.7.3 of this Agreement,
costs due to the negligence or failure to fulfill a specific responsibility of
the Contractor, Subcontractors and suppliers or anyone directly or indirectly
employed by any of them or for whose acts any of them may be liable.

               8.1.7 Any cost not specifically and expressly described in
Article 7.

               8.1.8 Costs, other than costs included in Change Orders approved
by the Owner, that would cause the Guaranteed Maximum Price to be exceeded.

ARTICLE 9 DISCOUNTS, REBATES AND REFUNDS
          9.1 Cash discounts obtained on payments made by the Contractor shall
accrue to the Owner if (1) before making the payment, the Contractor included
them in an Application for Payment and received payment therefor from the Owner,
or (2) the Owner has deposited funds with the Contractor with which to make
payments; otherwise, cash discounts shall accrue to the Contractor. Trade
discounts, rebates, refunds and amounts received from sales of surplus

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materials and equipment shall accrue to the Owner, and the Contractor shall make
provisions so that they can be secured.

          9.2 Amounts that accrue to the Owner in accordance with the provisions
of Paragraph 9.1 shall be credited to the Owner as a deduction from the Cost of
the Work.

ARTICLE 10 SUBCONTRACTS AND OTHER AGREEMENTS
          10.1 Those portions of the Work that the Contractor does not
customarily perform with the Contractor's own personnel shall be performed under
subcontracts or by other appropriate agreements with the Contractor. The Owner
may designate specific persons or entities from whom the Contractor shall obtain
bids. The Contractor shall obtain bids from Subcontractors and from suppliers of
materials or equipment fabricated especially for the Work and shall deliver such
bids to the Architect. The Owner shall then determine, with the advice of the
Contractor and the Architect, which bids will be accepted. The Contractor shall
not be required to contract with anyone to whom the Contractor has reasonable
objection.

          10.2 If a specific bidder among those whose bids are delivered by the
Contractor to the Architect (1) is recommended to the Owner by the Contractor;
(2) is qualified to perform that portion of the Work; and (3) has submitted a
bid that conforms to the requirements of the Contract Documents without
reservations or exceptions, but the Owner requires that another bid be accepted,
then the Contractor may require that a Change Order be issued to adjust the
Guaranteed Maximum Price by the difference between the bid of the person or
entity recommended to the Owner by the Contractor and the amount of the
subcontract or other agreement actually signed with the person or entity
designated by the Owner.

          10.3 Subcontracts or other agreements shall conform to the applicable
payment provisions of this Agreement, and shall not be awarded on the basis of
cost plus a fee without the prior consent of the Owner.

ARTICLE 11 ACCOUNTING RECORDS
          The Contractor shall keep full and detailed accounts and exercise such
          controls as may be necessary for proper financial management under
          this Contract, and the accounting and control systems shall be
          satisfactory to the Owner. The Owner and the Owner's accountants shall
          be afforded access to, and shall be permitted to audit and copy, the
          Contractor's records, books, correspondence, instructions, drawings,
          receipts, subcontracts, purchase orders, vouchers, memoranda and other
          data relating to this Contract, and the Contractor shall preserve
          these for a period of three years after final payment, or for such
          longer period as may be required by law.

ARTICLE 12 PAYMENTS
          12.1 PROGRESS PAYMENTS

               12.1.1 Based upon Applications for Payment submitted to the
Architect by the Contractor and Certificates for Payment issued by the
Architect, the Owner shall make progress payments on account of the Contract Sum
to the Contractor as provided below and elsewhere in the Contract Documents.

               12.1.2 The period covered by each Application for Payment shall
be one calendar month ending on the last day of the month, or as follows:

               12.1.3 Provided that an Application for Payment is received by
the Architect not later than the last day of a month, the Owner shall make
payment to the Contractor not later than the last working day of the following
month. If an Application for Payment is received by the Architect after the
application date fixed above, payment shall be made by the Owner not later than
thirty (30) calendar days after the Architect receives the Application for
Payment.

               12.1.4 With each Application for Payment, the Contractor shall
submit the previous months cost report along with copies of the major
Subcontractor Payment Applications for the current month, and any other evidence
required by the Owner or Architect to demonstrate that cash disbursements
already made by the Contractor on account of

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the Cost of the Work equal or exceed (1) progress payments already received by
the Contractor; less (2) that portion of those payments attributable to the
Contractor's Fee; plus (3) payrolls for the period covered by the present
Application for Payment.

               12.1.5 Each Application for Payment shall be based on the most
recent schedule of values submitted by the Contractor in accordance with the
Contract Documents. The schedule of values shall allocate the entire Guaranteed
Maximum Price among the various portions of the Work, except that the
Contractor's Fee shall be shown as a single separate item. The schedule of
values shall be prepared in such form and supported by such data to substantiate
its accuracy as the Architect may require. This schedule, unless objected to by
the Architect, shall be used as a basis for reviewing the Contractor's
Applications for Payment.

               12.1.6 Applications for Payment shall show the percentage of
completion of each portion of the Work as of the end of the period covered by
the Application for Payment. The percentage of completion shall be (1) the
percentage of that portion of the Work which has actually been completed; or (2)
the percentage obtained by dividing (a) the expense that has actually been
incurred by the Contractor on account of that portion of the Work for which the
Contractor has made or intends to make actual payment prior to the next
Application for Payment by (b) the share of the Guaranteed Maximum Price
allocated to that portion of the Work in the schedule of values.

               12.1.7 Subject to other provisions of the Contract Documents, the
amount of each progress payment shall be computed as follows:

                         .1 take that portion of the Guaranteed Maximum Price
properly allocable to completed Work as determined by multiplying the percentage
of completion of each portion of the Work by the share of the Guaranteed Maximum
Price allocated to that portion of the Work in the schedule of values. Pending
final determination of cost to the Owner of changes in the Work, amounts not in
dispute shall be included as provided in Subparagraph 7.3.8 of AIA Document
A201-1997;

                         .2 add that portion of the Guaranteed Maximum Price
properly allocable to materials and equipment delivered and suitably stored at
the site for subsequent incorporation in the Work, or if approved in advance by
the Owner, suitably stored off the site at a location agreed upon in writing;
subject to Paragraph 7.4.1;

                         .3 add the Contractor's Fee, Reduce such sum by an
amount, the retainage, equal to the sum of (i) the retainage provided for in
Paragraph 12.1.8, plus (ii) ten percent (10%) of the Contractor's Fee. The
Contractor's Fee shall be computed upon the Cost of the Work described in the
two preceding Clauses at the rate stated in Subparagraph 5.1.2 or, if the
Contractor's Fee is stated as a fixed sum in that Subparagraph, shall be an
amount that bears the same ratio to that fixed-sum fee as the Cost of the Work
in the two preceding Clauses bears to a reasonable estimate of the probable Cost
of the Work upon its completion;

                         .4 subtract the aggregate of previous payments made by
the Owner;

                         .5 subtract the shortfall, if any, indicated by the
Contractor in the documentation required by Paragraph 12.1.4 to substantiate
prior Applications for Payment, or resulting from errors subsequently discovered
by the Owner's accountants in such documentation; and

                         .6 subtract amounts, if any, for which the Architect
has withheld or nullified a Certificate for Payment as provided in Paragraph 9.5
of AIA Document A201-1997.

               12.1.8 Except with the Owner's prior approval, payments to
Subcontractors shall be subject to retainage of not less than ten percent (10%).
The Owner and the Contractor shall agree upon a mutually acceptable procedure
for review and approval of payments and retention for Subcontractors. Payment in
full may be made to those Subcontractors whose work is satisfactorily completed
and accepted by the Owner and the Contractor prior to Substantial Completion.

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               12.1.9 In taking action on the Contractor's Applications for
Payment, the Architect shall be entitled to rely on the accuracy and
completeness of the information furnished by the Contractor and shall not be
deemed to represent that the Architect has made a detailed examination, audit or
arithmetic verification of the documentation submitted in accordance with
Subparagraph 12.1.4 or other supporting data; that the Architect has made
exhaustive or continuous on-site inspections or that the Architect has made
examinations to ascertain how or for what purposes the Contractor has used
amounts previously paid on account of the Contract. Such examinations, audits
and verifications, if required by the Owner, will be performed by the Owner's
accountants acting in the sole interest of the Owner.

          12.2 FINAL PAYMENT

               12.2.1 Final payment, constituting the entire unpaid balance of
the Contract Sum, shall be made by the Owner to the Contractor when:

                         .1 the Contractor has fully performed the Contract
except for the Contractor's responsibility to correct Work as provided in
Subparagraph 12.2.2 of AIA Document A201-1997 and to satisfy other requirements,
if any, which extend beyond final payment; and

                         .2 a final Certificate for Payment has been issued by
the Architect.

               12.2.2 The Owner's final payment to the Contractor shall be made
no later than 30 days after the issuance of the Architect's final Certificate
for Payment, or as follows:

               12.2.3 The Owner's accountants will review and report in writing
on the Contractor's final accounting within 30 days after delivery of the final
accounting to the Architect by the Contractor. Based upon such Cost of the Work
as the Owner's accountants report to be substantiated by the Contractor's final
accounting, and provided the other conditions of Subparagraph 12.2.1 have been
met, the Architect will, within seven days after receipt of the written report
of the Owner's accountants, either issue to the Owner a final Certificate for
Payment with a copy to the Contractor, or notify the Contractor and Owner in
writing of the Architect's reasons for withholding a certificate as provided in
Subparagraph 9.5.1 of the AIA Document A201-1997. The time periods stated in
this Subparagraph 12.2.3 supersede those stated in Subparagraph 9.4.1 of the AIA
Document A201-1997.

               12.2.4 If the Owner's accounts report the Cost of the Work as
substantiated by the Contractor's final accounting to be less that claimed by
the Contractor, the Contractor shall be entitled to demand, in writing to Owner,
that the Cost of the Work be determined by a third party or other dispute
resolution mechanism. Such demand for determination by a third party or other
dispute resolution mechanism shall be made by the Contractor within 30 days
after the Contractor's receipt of a copy of the Architect's final Certificate
for Payment; failure to demand such determination by a third party or other
dispute resolution mechanism within this 30 day period shall result in the
amount reported by the Owner's accounts becoming binding on the Contractor. If
the Contractor makes such demand but the Owner and the Contractor do not agree
upon the third party or the other dispute resolution mechanism within 60 days
after the demand, the Contractor shall be entitled to commence an action in the
state court where the Project is situated to determine the Cost of Work. No such
action, or any other action by Contractor against Owner, shall be commenced more
that one year after the date of the Architect's final Certificate for Payment.

               12.2.5 If, subsequent to final payment and at the Owner's
request, the Contractor incurs costs described in Article 7 and not excluded by
Article 8 to correct defective or nonconforming Work, the Owner shall reimburse
the Contractor such costs and the Contractor's Fee applicable thereto on the
same basis as if such costs had been incurred prior to final payment, but not in
excess of the Guaranteed Maximum Price. If the Contractor has participated in
savings as provided in Paragraph 5.2, the amount of such savings shall be
recalculated and appropriate credit given to the Owner in determining the net
amount to be paid by the Owner to the Contractor.

ARTICLE 13  TERMINATION OR SUSPENSION

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          13.1 The Contract may be terminated by the Contractor, or by the Owner
for convenience, as provided in Article 14 of AIA Document A201-1997. However,
the amount to be paid to the Contractor under Subparagraph 14.1.3 of AIA
Document A201-1997 shall not exceed the amount the Contractor would be entitled
to receive under Paragraph 13.2 below.

          13.2 The Contract may be terminated by the Owner for cause as provided
in Article 14 of AIA Document A201-1997. The amount, if any, to be paid to the
Contractor under Subparagraph 14.2.4 of AIA Document A201-1997 shall not cause
the Guaranteed Maximum Price to be exceeded, nor shall it exceed an amount
calculated as follows:

               13.2.1 Take the Cost of the Work incurred by the Contractor to
the date of termination,

               13.2.2 Add the Contractor's Fee computed upon the Cost of the
Work to the date of termination at the rate stated in Subparagraph 5.1.2 or, if
the Contractor's Fee is stated as a fixed sum in that Subparagraph, an amount
that bears the same ratio to that fixed-sum Fee as the Cost of the Work at the
time of termination bears to a reasonable estimate of the probable Cost of the
Work upon its completion; and

               13.2.3 Subtract the aggregate of previous payments made by the
Owner.

          13.3 The Owner shall also pay the Contractor fair compensation, either
by purchase or rental at the election of the Owner, for any equipment owned by
the Contractor that the Owner elects to retain and that is not otherwise
included in the Cost of the Work under Subparagraph 13.2.1. To the extent that
the Owner elects to take legal assignment of subcontracts and purchase orders
(including rental agreements), the Contractor shall, as a condition of receiving
the payments referred to in this Article 13, execute and deliver all such papers
and take all such steps, including the legal assignment of such subcontracts and
other contractual rights of the Contractor, as the Owner may require for the
purpose of fully vesting in the Owner the rights and benefits of the Contractor
under such subcontracts or purchase orders.

          13.4 The Work may be suspended by the Owner as provided in Article 14
of AIA Document A201-1997; in such case, the Guaranteed Maximum Price and
Contract Time shall be increased as provided in Subparagraph 14.3.2 of AIA
Document A201-1997 except that the term "profit" shall be understood to mean the
Contractor's Fee as described in Subparagraphs 5.1.2 and Paragraph 6.4 of this
Agreement.

ARTICLE 14 MISCELLANEOUS PROVISIONS
          14.1 Where reference is made in this Agreement to a provision AIA
Document A201-1997 or another Contract Document, the reference refers to that
provision as amended or supplemented by other provisions of the Contract
Documents.

          14.2 Payments due and unpaid under the Contract shall bear interest
from the date payment is due at the rate stated below, or in the absence
thereof, at the legal rate prevailing from time to time at the place where the
Project is located.

          (INSERT RATE OF INTEREST AGREED UPON, IF ANY.)

          (USURY LAWS AND REQUIREMENTS UNDER THE FEDERAL TRUTH IN LENDING ACT,
          SIMILAR STATE AND LOCAL CONSUMER CREDIT LAWS AND OTHER REGULATIONS AT
          THE OWNER'S AND CONTRACTOR'S PRINCIPAL PLACES OF BUSINESS, THE
          LOCATION OF THE PROJECT AND ELSEWHERE MAY AFFECT THE VALIDITY OF THIS
          PROVISION. LEGAL ADVICE SHOULD BE OBTAINED WITH RESPECT TO DELETIONS
          OR MODIFICATIONS, AND ALSO REGARDING REQUIREMENTS SUCH AS WRITTEN
          DISCLOSURES OR WAIVERS.)

          14.3 The Owner's representative is:

          (NAME, ADDRESS AND OTHER INFORMATION.)
          Ken Schultz
          BSL, Inc.
          711 Casino Magic Drive
          Bay St. Louis, MS 39520

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          14.4 The Contractor's representative is:

          (NAME, ADDRESS AND OTHER INFORMATION.)
          Jim Hardin or Judson McLeod
          Roy Anderson Corp
          P.O. Box 2
          Gulfport, MS 39502

          14.5 Neither the Owner's nor the Contractor's representative shall be
changed without ten days' written notice to the other party.

          14.6 Other provisions:

               14.6.1 M/E/P Work. Owner shall have design responsibility except
for that part of the work constituting mechanical, plumbing, fire protection,
and electrical work (the "M/E/P" Work"), including the design portion thereof.
Contractor shall not have any liability to Owner for the design portion of the
M/E/P Work which Contractor subcontracts out, except to extent that Contractor
may actually recover on such subcontractor's errors and omissions insurance
policy.

               14.6.2 Shared Savings. For effective management, the Owner shall
pay to the Contractor a Bonus/Shared Savings upon project completion. The
Bonus/Shared Savings shall not exceed 1.5% of the Cost of the Work (not to
exceed the Guaranteed Maximum Price)and shall not exceed the amount of any
savings. The "Bonus/Shared Savings" shall be based on the following components
and criteria:

          A. Bonuses paid as part of Contractors regular compensation practices
          and policies for onsite personnel to include Project Management and
          Superintendents. The positions qualifying for bonuses are as
          identified in Exhibit "E" "Contractors Supervisory Personnel". Each
          bonus pursuant to this clause A shall be subject to Owner's written
          approval on an individual by individual basis. The aggregate portion
          of the bonus pursuant to this clause A shall not exceed .30% of the
          Cost of the Work.
          B. Eighty (80%) of all savings achieved as a result of the
          Contractor's Controlled Insurance Program ("CCIP"). The portion of the
          bonus pursuant to this clause B shall not exceed .25% of the Cost of
          the Work. Savings achieved shall be the excess of (i) line item
          insurance amounts in subcontractor's bids plus Contractor's insurance
          cost for Self Performed Work over (ii) the cost of the CCIP.
          C. Seventy (70%) of all labor, material and equipment savings on all
          of Contractors Self Performed Work, exclusive of General Conditions,
          shall inure to the benefit of the Contractor. The portion of the
          "Savings" attributable to this clause C shall not exceed .45% of the
          Cost of the Work. Savings achieved shall be the excess of (i) the
          original schedule of value amount for Self Performed Work over (ii)
          the Cost of the Work for the Self Performed Work only.
          D. A Discretionary Bonus to be paid by the Owner to the Contractor
          based on the Owner's assessment of the Contractor's performance
          relative to schedule/timeliness of the completion, overall
          construction quality and effective utilization of the construction
          budget and Project Contingency to obtain maximum benefit for the
          Owner. The portion of the bonus pursuant to this clause D shall not
          exceed .45% of the Cost of the Work.

               14.6.3 Notice. All notices required by or relating to this
Agreement shall be in writing and shall be personally delivered or sent by
United States registered or certified mail, return receipt requested, or by
commercial overnight mail delivery service which obtains signed evidence of
delivery, postage prepaid to the other party at its address above set forth, or
at such other address as such other party shall designate by notice, and shall
be effective when delivered to such address. Notices to Owner and to Contractor
shall be addressed to the representatives at the addresses set forth in
Paragraphs 14.3 and 14.4.

               14.6.4 Time of the Essence. Wherever this Agreement provides for
a date, day or period of time on or prior to which action or events are to occur
or not occur, time shall be of the essence.

               14.6.5 Protection of Ongoing Operations. The area in which the
Work is to be performed (the "Project Site") is one in which the public will be
invited, and in which Owner will operate its business. During the Work, the
public

<Page>

will have access to and over portions of the Project Site, and owner will
continue to operate its business. Contractor shall implement safety and security
precautions necessary and appropriate both when the Work is being performed, in
light of the presence of the public and Owner's employees and facilities in such
areas, and at night and on weekends when no Work is being performed. Contractor
shall protect all such facilities, stored materials, Contractors equipment, and
completed Work from damage during the course of the Work in a manner designed to
minimize interference with the construction of improvements by occupants.

ARTICLE 15 ENUMERATION OF CONTRACT DOCUMENTS
          15.1 The Contract Documents, except for Modifications issued after
execution of this Agreement, are enumerated as follows:

               15.1.1 The Agreement is this executed 1997 edition of the
Standard Form of Agreement Between Owner and Contractor, AIA Document A111-1997.

               15.1.2 The General Conditions are the 1997 edition of the General
Conditions of the Contract for Construction, AIA Document A201-1997., as amended
by the parties, and attached hereto as Exhibit "F".

               15.1.3 The Supplementary and other Conditions of the Contract are
those contained in the Project Manual dated    , and are as follows:

            Document                      Title             Pages

               15.1.4 The Specifications are those contained in the Project
Manual dated as in Subparagraph 15.1.3, and are as follows:

          (EITHER LIST THE SPECIFICATIONS HERE OR REFER TO AN EXHIBIT ATTACHED
          TO THIS AGREEMENT.)

           Section                        Title             Pages

          See Exhibit "A"

               15.1.5 The Drawings are as follows, and are dated     unless a
different date is shown below:

          (EITHER LIST THE DRAWINGS HERE OR REFER TO AN EXHIBIT ATTACHED TO THIS
          AGREEMENT.)

            Number                        Title             Date

          See Exhibit "A"

               15.1.6 The Addenda, if any, are as follows:

            Number                        Date              Pages

          None.

          Portions of Addenda relating to bidding requirements are not part of
          the Contract Documents unless the bidding requirements are also
          enumerated in this Article 15.

               15.1.7 Other Documents, if any, forming part of the Contract
Documents are as follows:

          (LIST HERE ANY ADDITIONAL DOCUMENTS, SUCH AS A LIST OF ALTERNATES THAT
          ARE INTENDED TO FORM PART OF THE CONTRACT DOCUMENTS. AIA DOCUMENT
          A201-1997 PROVIDES THAT BIDDING REQUIREMENTS SUCH AS ADVERTISEMENT OR
          INVITATION TO BID, INSTRUCTIONS TO BIDDERS, SAMPLE FORMS AND THE
          CONTRACTOR'S BID ARE NOT PART OF THE CONTRACT DOCUMENTS UNLESS
          ENUMERATED IN THIS AGREEMENT. THEY SHOULD BE LISTED HERE ONLY IF
          INTENDED TO BE PART OF THE CONTRACT DOCUMENTS.)

          Exhibit "A" - Drawings and Specifications.
          Exhibit "B" - Contractor's Scope Summary, GMP Estimate with
                        Allowances, and Schedule dated 00/00/00.
          Exhibit "C" - Owner Purchase Program.
          Exhibit "D" - Contractors Self Perform Work

<Page>

          Exhibit "E" - Contractors Supervisory Personnel
          Exhibit "F" - General Conditions
          Exhibit "G" - Renovation Scope
          Exhibit "H" - Amendment No. 1

ARTICLE 16 INSURANCE AND BONDS
       (LIST REQUIRED LIMITS OF LIABILITY FOR INSURANCE AND BONDS. AIA DOCUMENT
       A201-1997 GIVES OTHER SPECIFIC REQUIREMENTS FOR INSURANCE AND BONDS.)

This Agreement is entered into as of the day and year first written above and is
executed in at least three original copies, of which one is to be delivered to
the Contractor, one to the Architect for use in the administration of the
Contract, and the remainder to the Owner.

---------------------------       -------------------------------
OWNER (SIGNATURE)                 CONTRACTOR (SIGNATURE)

---------------------------       -------------------------------
(PRINTED NAME AND TITLE)          (PRINTED NAME AND TITLE)

<Page>

                                   EXHIBIT "A"

                           DRAWINGS AND SPECIFICATIONS

<Page>

                                   EXHIBIT "B"

                  CONTRACTOR'S SCOPE SUMMARY, GMP ESTIMATE WITH
                   ALLOWANCES, AND SCHEDULE DATED _____, 2000

<Page>

                                   EXHIBIT "D"

                               SELF PERFORMED WORK

To be established with execution of Amendment No. 1.

<Page>

                                   EXHIBIT "E"

                              SUPERVISORY PERSONNEL

<Page>

                                   EXHIBIT "F"

                               GENERAL CONDITIONS

<Page>

                                  EXHIBIT "G"
                                RENOVATIONS SCOPE

1.0       PROJECT DESCRIPTION
          The Project consists of nine (9) separate interior renovation
          projects located throughout the existing Casino Magic facility in Bay
          St. Louis, Mississippi. These nine (9) separate renovation projects
          are as follows:

1.1       BUFFET REMODEL - FG # 100093
          The project consists of a themed interior remodel of public spaces and
          remodel of the kitchen for the existing buffet. The theme will be that
          of a Louisiana Market Place Buffet. The work includes a new cooking
          line, adjustments to existing partition locations, new seating layout,
          new floor, wall and ceiling finishes.

1.2       BANDSTAND REMODEL - FG # 100096
          The project consists of replacing the existing curtains surrounding
          the stage with permanent partitions.

1.3       BANDSTAND BAR REMODEL - FG # 100112
          The project consists of a cosmetic facelift to the existing bar area
          finishes.

1.4       BARGE BAR REMODEL - FG # 100113
          The project consists of a cosmetic facelift to the existing bar area
          finishes. There are no changes to the bar configuration or equipment.

1.5       BARGE CASINO COLUMN AND WALL TREATMENTS -- FG # 100114
          The project consists of column and wall treatments within the existing
          casino area of the Barge. The existing flooring and ceiling materials
          are to remain as is.

1.6       HOTEL LOBBY REMODEL - FG # 100115
          The project consists of a cosmetic facelift of the existing Hotel
          lobby area finishes. The existing lobby furniture is to remain as is.

1.7       GANGWAY CURTAIN TREATMENT - FG # 100116
          The project consists of replacing the existing curtains on each end of
          the gangway with new curtain treatment.

1.8       BARGE ELEVATOR RELOCATION - FG # 100117
          The project consists of the Barge elevator being relocated by others.

1.9       SNACK BAR RENOVATION - FG # 100118
          The existing snack bar approximately (1,267 square feet) is to be
          converted into a gourmet coffee/pastry bar (similar to a Starbucks).

<Page>

                                   EXHIBIT "H"
                          AMENDMENT NO. 1 TO AGREEMENT
                          BETWEEN OWNER AND CONTRACTOR

Pursuant to Paragraph 5.2 of the Agreement, dated _____________________, 2000
between _______________________ (Owner) and _______________________________
(Contractor), for ____________________________________________ (the Project),
the Owner and Contractor establish a Guaranteed Maximum Price and Contract Time
for the Work as set forth below.

                                    ARTICLE 1
                            GUARANTEED MAXIMUM PRICE

The Contractor's Guaranteed Maximum Price for the Work, including the estimated
Cost of the Work as defined in Article 6 and the Contractor's Fee as defined in
Article 5, is ________________________________ Dollars ($).

This price is for the performance of the Work in accordance with the Contract
Documents listed and attached to this Amendment and marked Exhibits A through F,
as follows:

EXHIBIT A -- Drawings, Specifications, addenda and General, Supplementary and
other Conditions of the Contract on which the Guaranteed Maximum Price is based,
                                 pages __ through __, dated ______________.

EXHIBIT B -- Allowance items,
                                 pages _ through __, dated ______________.

EXHIBIT C -- Assumptions and clarifications made in preparing the Guaranteed
             Maximum Price,
                                 pages __ through __, dated ______________.

EXHIBIT D -- Completion schedule,
                                 pages __ through __, dated ______________.

EXHIBIT E - Alternate prices,
                                 pages __ through __, dated ______________.

EXHIBIT F -- Unit prices,
                                 pages __ through __, dated ______________.

                                   ARTICLE II
                                  CONTRACT TIME

The date of Substantial Completion established by this Amendment
is:_________________.

OWNER: BSL, INC.                        CONTRACTOR:
By:                                     By:
   ------------------------------          -----------------------------------
                                            Roy Anderson, III -- President & CEO
Date: _____________________, 2000       Date: ____________________________, 2000

<Page>

               GENERAL CONDITIONS OF THE CONTRACT FOR CONSTRUCTION

                            AIA DOCUMENT A201 - 1997
                        1997 EDITION - ELECTRONIC FORMAT

--------------------------------------------------------------------------------
This document has important legal consequences. Consultation with an attorney is
encouraged with respect to its completion or modification. AUTHENTICATION OF
THIS ELECTRONICALLY DRAFTED AIA DOCUMENT MAY BE MADE BY USING AIA DOCUMENT D401.

This document has been approved and endorsed by The Associated General
Contractors of America.

Copyright 1911, 1915, 1918, 1925, 1937, 1951, 1958, 1961, 1963, 1966, 1967,
1970, 1976, 1987, (C) 1997 by The American Institute of Architects. Fifteenth
Edition. Reproduction of the material herein or substantial quotation of its
provisions without written permission of the AIA violates the copyright laws of
the United States and will subject the violator to legal prosecution.
--------------------------------------------------------------------------------

                                TABLE OF ARTICLES

1.        GENERAL PROVISIONS

2.        OWNER

3.        CONTRACTOR

4.        ADMINISTRATION OF THE CONTRACT

5.        SUBCONTRACTORS

6.        CONSTRUCTION BY OWNER OR BY SEPARATE CONTRACTORS

7.        CHANGES IN THE WORK

8.        TIME

9.        PAYMENTS AND COMPLETION

10.       PROTECTION OF PERSONS AND PROPERTY

11.       INSURANCE AND BONDS

12.       UNCOVERING AND CORRECTION OF WORK

13.       MISCELLANEOUS PROVISIONS

14.       TERMINATION OR SUSPENSION OF THE CONTRACT

<Page>

INDEX
Acceptance of Nonconforming Work
     9.6.6, 9.9.3, 12.3

Acceptance of Work
     9.6.6, 9.8.2, 9.9.3, 9.10.1, 9.10.3, 12.3

Access to Work
     3.16, 6.2.1, 12.1

Accident Prevention
     4.2.3, 10

Acts and Omissions
     3.2, 3.3.2, 3.12.8, 3.18, 4.2.3, 4.3.8, 4.4.1, 8.3.1, 9.5.1,
     10.2.5, 13.4.2, 13.7, 14.1

Addenda
     1.1.1, 3.11

Additional Costs, Claims for
     4.3.4, 4.3.5, 4.3.6, 6.1.1, 10.3

Additional Inspections and Testing
     9.8.3, 12.2.1, 13.5

Additional Time, Claims for
     4.3.4, 4.3.7, 8.3.2

ADMINISTRATION OF THE CONTRACT
     3.1.3, 4, 9.4, 9.5

Advertisement or Invitation to Bid
     1.1.1

Aesthetic Effect
     4.2.13, 4.5.1

Allowances
     3.8

All-risk Insurance
     11.4.1.1

Applications for Payment
     4.2.5, 7.3.8, 9.2, 9.3, 9.4, 9.5.1, 9.6.3, 9.7.1, 9.8.5, 9.10,
     11.1.3, 14.2.4, 14.4.3

Approvals
     2.4, 3.1.3, 3.5, 3.10.2, 3.12, 4.2.7, 9.3.2, 13.4.2, 13.5

Arbitration
     4.3.3, 4.4, 4.5.1, 4.5.2, 4.6, 8.3.1, 9.7.1, 11.4.9, 11.4.10

Architect
     4.1

Architect, Definition of
     4.1.1

Architect, Extent of Authority
     2.4, 3.12.7, 4.2, 4.3.6, 4.4, 5.2, 6.3, 7.1.2, 7.3.6, 7.4, 9.2, 9.3.1, 9.4,
     9.5, 9.8.3, 9.10.1, 9.10.3, 12.1, 12.2.1, 13.5.1, 13.5.2, 14.2.2, 14.2.4

Architect, Limitations of Authority and Responsibility
     2.1.1, 3.3.3, 3.12.4, 3.12.8, 3.12.10, 4.1.2, 4.2.1, 4.2.2, 4.2.3, 4.2.6,
     4.2.7, 4.2.10, 4.2.12, 4.2.13, 4.4, 5.2.1, 7.4, 9.4.2, 9.6.4, 9.6.6

Architect's Additional Services and Expenses
     2.4, 11.4.1.1, 12.2.1, 13.5.2, 13.5.3, 14.2.4

Architect's Administration of the Contract
     3.1.3, 4.2, 4.3.4, 4.4, 9.4, 9.5

Architect's Approvals
     2.4, 3.1.3, 3.5.1, 3.10.2, 4.2.7

Architect's Authority to Reject Work
     3.5.1, 4.2.6, 12.1.2, 12.2.1

Architect's Copyright
     1.6

Architect's Decisions
     4.2.6, 4.2.7, 4.2.11, 4.2.12, 4.2.13, 4.3.4, 4.4.1, 4.4.5, 4.4.6, 4.5, 6.3,
     7.3.6, 7.3.8, 8.1.3, 8.3.1, 9.2, 9.4, 9.5.1, 9.8.4, 9.9.1, 13.5.2, 14.2.2,
     14.2.4

Architect's Inspections
     4.2.2, 4.2.9, 4.3.4, 9.4.2, 9.8.3, 9.9.2, 9.10.1, 13.5

Architect's Instructions
     3.2.3, 3.3.1, 4.2.6, 4.2.7, 4.2.8, 7.4.1, 12.1, 13.5.2

Architect's Interpretations
     4.2.11, 4.2.12, 4.3.6

Architect's Project Representative
     4.2.10

Architect's Relationship with Contractor
     1.1.2, 1.6, 3.1.3, 3.2.1, 3.2.2, 3.2.3, 3.3.1, 3.4.2, 3.5.1, 3.7.3, 3.10,
     3.11, 3.12, 3.16, 3.18, 4.1.2, 4.1.3, 4.2, 4.3.4, 4.4.1, 4.4.7, 5.2, 6.2.2,
     7, 8.3.1, 9.2, 9.3, 9.4, 9.5, 9.7, 9.8, 9.9, 10.2.6, 10.3, 11.3, 11.4.7,
     12, 13.4.2, 13.5

Architect's Relationship with Subcontractors
     1.1.2, 4.2.3, 4.2.4, 4.2.6, 9.6.3, 9.6.4, 11.4.7

Architect's Representations
     9.4.2, 9.5.1, 9.10.1

Architect's Site Visits
     4.2.2, 4.2.5, 4.2.9, 4.3.4, 9.4.2, 9.5.1, 9.9.2, 9.10.1, 13.5

Asbestos
     10.3.1

Attorneys' Fees
     3.18.1, 9.10.2, 10.3.3

Award of Separate Contracts

<Page>

     6.1.1, 6.1.2

Award of Subcontracts and Other Contracts for Portions of the Work
     5.2

Basic Definitions
     1.1

Bidding Requirements
     1.1.1, 1.1.7, 5.2.1, 11.5.1

Boiler and Machinery Insurance
     11.4.2

Bonds, Lien
     9.10.2

Bonds, Performance, and Payment
     7.3.6.4, 9.6.7, 9.10.3, 11.4.9, 11.5

Building Permit
     3.7.1

Capitalization
     1.3

Certificate of Substantial Completion
     9.8.3, 9.8.4, 9.8.5

Certificates for Payment
     4.2.5, 4.2.9, 9.3.3, 9.4, 9.5, 9.6.1, 9.6.6, 9.7.1, 9.10.1, 9.10.3, 13.7,
     14.1.1.3, 14.2.4

Certificates of Inspection, Testing or Approval
     13.5.4

Certificates of Insurance
     9.10.2, 11.1.3

Change Orders
     1.1.1, 2.4.1, 3.4.2, 3.8.2.3, 3.11.1, 3.12.8, 4.2.8, 4.3.4, 4.3.9, 5.2.3,
     7.1, 7.2, 7.3, 8.3.1, 9.3.1.1, 9.10.3, 11.4.1.2, 11.4.4, 11.4.9, 12.1.2

Change Orders, Definition of
     7.2.1

CHANGES IN THE WORK
     3.11, 4.2.8, 7, 8.3.1, 9.3.1.1, 11.4.9

Claim, Definition of
     4.3.1

Claims and Disputes
     3.2.3, 4.3, 4.4, 4.5, 4.6, 6.1.1, 6.3, 7.3.8, 9.3.3, 9.10.4, 10.3.3

Claims and Timely Assertion of Claims
     4.6.5

Claims for Additional Cost
     3.2.3, 4.3.4, 4.3.5, 4.3.6, 6.1.1, 7.3.8, 10.3.2

Claims for Additional Time
     3.2.3, 4.3.4, 4.3.7, 6.1.1, 8.3.2, 10.3.2

Claims for Concealed or Unknown Conditions
     4.3.4

Claims for Damages
     3.2.3, 3.18, 4.3.10, 6.1.1, 8.3.3, 9.5.1, 9.6.7, 10.3.3, 11.1.1, 11.4.5,
     11.4.7, 14.1.3, 14.2.4

Claims Subject to Arbitration
     4.4.1, 4.5.1, 4.6.1

Cleaning Up
     3.15, 6.3

Commencement of Statutory Limitation Period
     13.7

Commencement of the Work, Conditions Relating to
     2.2.1, 3.2.1, 3.4.1, 3.7.1, 3.10.1, 3.12.6, 4.3.5, 5.2.1, 5.2.3, 6.2.2,
     8.1.2, 8.2.2, 8.3.1, 11.1, 11.4.1, 11.4.6, 11.5.1

Commencement of the Work, Definition of
     8.1.2

Communications Facilitating Contract Administration
     3.9.1, 4.2.4

Completion, Conditions Relating to
     1.6.1, 3.4.1, 3.11, 3.15, 4.2.2, 4.2.9, 8.2, 9.4.2, 9.8, 9.9.1, 9.10, 12.2,
     13.7, 14.1.2

COMPLETION, PAYMENTS AND
     9

Completion, Substantial
     4.2.9, 8.1.1, 8.1.3, 8.2.3, 9.4.2, 9.8, 9.9.1, 9.10.3, 9.10.4.2, 12.2, 13.7

Compliance with Laws
     1.6.1, 3.2.2, 3.6, 3.7, 3.12.10, 3.13, 4.1.1, 4.4.8, 4.6.4, 4.6.6, 9.6.4,
     10.2.2, 11.1, 11.4, 13.1, 13.4, 13.5.1, 13.5.2, 13.6, 14.1.1, 14.2.1.3

Concealed or Unknown Conditions
     4.3.4, 8.3.1, 10.3

Conditions of the Contract
     1.1.1, 1.1.7, 6.1.1, 6.1.4

Consent, Written
     1.6, 3.4.2, 3.12.8, 3.14.2, 4.1.2, 4.3.4, 4.6.4, 9.3.2, 9.8.5, 9.9.1,
     9.10.2, 9.10.3, 11.4.1, 13.2, 13.4.2

CONSTRUCTION BY OWNER OR BY SEPARATE CONTRACTORS
     1.1.4, 6

Construction Change Directive, Definition of

<Page>

     7.3.1

Construction Change Directives
     1.1.1, 3.12.8, 4.2.8, 4.3.9, 7.1, 7.3, 9.3.1.1

Construction Schedules, Contractor's
     1.4.1.2, 3.10, 3.12.1, 3.12.2, 4.3.7.2, 6.1.3

Contingent Assignment of Subcontracts
     5.4, 14.2.2.2

Continuing Contract Performance
     4.3.3

Contract, Definition of
     1.1.2

CONTRACT, TERMINATION OR SUSPENSION OF THE
     5.4.1.1, 11.4.9, 14

Contract Administration
     3.1.3, 4, 9.4, 9.5

Contract Award and Execution, Conditions Relating to
     3.7.1, 3.10, 5.2, 6.1, 11.1.3, 11.4.6, 11.5.1

Contract Documents, The
     1.1, 1.2

Contract Documents, Copies Furnished and Use of
     1.6, 2.2.5, 5.3

Contract Documents, Definition of
     1.1.1

Contract Sum
     3.8, 4.3.4, 4.3.5, 4.4.5, 5.2.3, 7.2, 7.3, 7.4, 9.1, 9.4.2, 9.5.1.4, 9.6.7,
     9.7, 10.3.2, 11.4.1, 14.2.4, 14.3.2

Contract Sum, Definition of
     9.1

Contract Time
     4.3.4, 4.3.7, 4.4.5, 5.2.3, 7.2.1.3, 7.3, 7.4, 8.1.1, 8.2, 8.3.1, 9.5.1,
     9.7, 10.3.2, 12.1.1, 14.3.2

Contract Time, Definition of
     8.1.1

CONTRACTOR
     3

Contractor, Definition of
     3.1, 6.1.2

Contractor's Construction Schedules
     1.4.1.2, 3.10, 3.12.1, 3.12.2, 4.3.7.2, 6.1.3

Contractor's Employees
     3.3.2, 3.4.3, 3.8.1, 3.9, 3.18.2, 4.2.3, 4.2.6, 10.2, 10.3, 11.1.1, 11.4.7,
     14.1, 14.2.1.1,

Contractor's Liability Insurance
     11.1

Contractor's Relationship with Separate Contractors and Owner's Forces
     3.12.5, 3.14.2, 4.2.4, 6, 11.4.7, 12.1.2, 12.2.4

Contractor's Relationship with Subcontractors
     1.2.2, 3.3.2, 3.18.1, 3.18.2, 5, 9.6.2, 9.6.7, 9.10.2, 11.4.1.2, 11.4.7,
     11.4.8

Contractor's Relationship with the Architect
     1.1.2, 1.6, 3.1.3, 3.2.1, 3.2.2, 3.2.3, 3.3.1, 3.4.2, 3.5.1, 3.7.3, 3.10,
     3.11, 3.12, 3.16, 3.18, 4.1.2, 4.1.3, 4.2, 4.3.4, 4.4.1, 4.4.7, 5.2, 6.2.2,
     7, 8.3.1, 9.2, 9.3, 9.4, .5, 9.7, 9.8, 9.9, 10.2.6, 10.3, 11.3, 11.4.7, 12,
     13.4.2, 13.5

Contractor's Representations
     1.5.2, 3.5.1, 3.12.6, 6.2.2, 8.2.1, 9.3.3, 9.8.2

Contractor's Responsibility for Those Performing the Work
     3.3.2, 3.18, 4.2.3, 4.3.8, 5.3.1, 6.1.3, 6.2, 6.3, 9.5.1, 10

Contractor's Review of Contract Documents
     1.5.2, 3.2, 3.7.3

Contractor's Right to Stop the Work
     9.7

Contractor's Right to Terminate the Contract
     4.3.10, 14.1

Contractor's Submittals
     3.10, 3.11, 3.12, 4.2.7, 5.2.1, 5.2.3, 7.3.6, 9.2, 9.3, 9.8.2, 9.8.3,
     9.9.1, 9.10.2, 9.10.3, 11.1.3, 11.5.2

Contractor's Superintendent
     3.9, 10.2.6

Contractor's Supervision and Construction Procedures
     1.2.2, 3.3, 3.4, 3.12.10, 4.2.2, 4.2.7, 4.3.3, 6.1.3, 6.2.4, 7.1.3, 7.3.4,
     7.3.6, 8.2, 10, 12, 14

Contractual Liability Insurance
     11.1.1.8, 11.2, 11.3

Coordination and Correlation
     1.2, 1.5.2, 3.3.1, 3.10, 3.12.6, 6.1.3, 6.2.1

Copies Furnished of Drawings and Specifications
     1.6, 2.2.5, 3.11

Copyrights
     1.6, 3.17

Correction of Work
     2.3, 2.4, 3.7.4, 4.2.1, 9.4.2, 9.8.2, 9.8.3, 9.9.1, 12.1.2, 12.2, 13.7.1.3

Correlation and Intent of the Contract Documents
     1.2

<Page>

Cost, Definition of
     7.3.6

Costs
     2.4, 3.2.3, 3.7.4, 3.8.2, 3.15.2, 4.3, 5.4.2, 6.1.1, 6.2.3, 7.3.3.3, 7.3.6,
     7.3.7, 7.3.8, 9.10.2, 10.3.2, 10.5, 11.3, 11.4, 12.1, 12.2.1, 12.2.4, 13.5,
     14

Cutting and Patching
     6.2.5, 3.14

Damage to Construction of Owner or Separate Contractors
     3.14.2, 6.2.4, 9.2.1.5, 10.2.1.2, 10.2.5, 10.6, 11.1, 11.4, 12.2.4

Damage to the Work
     3.14.2, 9.9.1, 10.2.1.2, 10.2.5, 10.6, 11.4, 12.2.4

Damages, Claims for
     3.2.3, 3.18, 4.3.10, 6.1.1, 8.3.3, 9.5.1, 9.6.7, 10.3.3, 11.1.1, 11.4.5,
     11.4.7, 14.1.3, 14.2.4

Damages for Delay
     6.1.1, 8.3.3, 9.5.1.6, 9.7, 10.3.2

Date of Commencement of the Work, Definition of
     8.1.2

Date of Substantial Completion, Definition of
     8.1.3

Day, Definition of
     8.1.4

Decisions of the Architect
     4.2.6, 4.2.7, 4.2.11, 4.2.12, 4.2.13, 4.3.4, 4.4.1, 4.4.5, 4.4.6, 4.5, 6.3,
     7.3.6, 7.3.8, 8.1.3, 8.3.1, 9.2, 9.4, 9.5.1, 9.8.4, 9.9.1, 13.5.2, 14.2.2,
     14.2.4

Decisions to Withhold Certification
     9.4.1, 9.5, 9.7, 14.1.1.3

Defective or Nonconforming Work, Acceptance, Rejection and Correction of
     2.3, 2.4, 3.5.1, 4.2.6, 6.2.5, 9.5.1, 9.5.2, 9.6.6, 9.8.2, 9.9.3, 9.10.4,
     12.2.1, 13.7.1.3

Defective Work, Definition of
     3.5.1

Definitions
     1.1, 2.1.1, 3.1, 3.5.1, 3.12.1, 3.12.2, 3.12.3, 4.1.1, 4.3.1, 5.1, 6.1.2,
     7.2.1, 7.3.1, 7.3.6, 8.1, 9.1, 9.8.1

Delays and Extensions of Time
     3.2.3, 4.3.1, 4.3.4, 4.3.7, 4.4.5, 5.2.3, 7.2.1, 7.3.1, 7.4.1, 7.5.1, 8.3,
     9.5.1, 9.7.1, 10.3.2, 10.6.1, 14.3.2

Disputes
     4.1.4, 4.3, 4.4, 4.5, 4.6, 6.3, 7.3.8

Documents and Samples at the Site
     3.11

Drawings, Definition of
     1.1.5

Drawings and Specifications, Use and Ownership of
     1.1.1, 1.3, 2.2.5, 3.11, 5.3

Effective Date of Insurance
     8.2.2, 11.1.2

Emergencies
     4.3.5, 10.6, 14.1.1.2

Employees, Contractor's
     3.3.2, 3.4.3, 3.8.1, 3.9, 3.18.2, 4.2.3, 4.2.6, 10.2, 10.3, 11.1.1, 11.4.7,
     14.1, 14.2.1.1

Equipment, Labor, Materials and
     1.1.3, 1.1.6, 3.4, 3.5.1, 3.8.2, 3.8.3, 3.12, 3.13, 3.15.1, 4.2 4.2.7,
     5.2.1, 6.2.1, 7.3.6, 9.3.2, 9.3.3, 9.5.1.3, 9.10.2, 10.2.1, 10.2.4,
     14.2.1.2

Execution and Progress of the Work
     1.1.3, 1.2.1, 1.2.2, 2.2.3, 2.2.5, 3.1, 3.3, 3.4, 3.5, 3.7, 3.10, 3.12,
     3.14, 4.2.2, 4.2.3, 4.3.3, 6.2.2, 7.1.3, 7.3.4, 8.2, 9.5, 9.9.1, 10.2,
     10.3, 12.2, 14.2, 14.3

Extensions of Time
     3.2.3, 4.3.1, 4.3.4, 4.3.7, 4.4.5, 5.2.3, 7.2.1, 7.3, 7.4.1, 9.5.1, 9.7.1,
     10.3.2, 10.6.1, 14.3.2

Failure of Payment
     4.3.6, 9.5.1.3, 9.7, 9.10.2, 14.1.1.3, 14.2.1.2, 13.6

Faulty Work
     (See Defective or Nonconforming Work)

Final Completion and Final Payment
     4.2.1, 4.2.9, 4.3.2, 9.8.2, 9.10, 11.1.2, 11.1.3, 11.4.1, l1.4.5, 12.3.1,
     13.7, 14.2.4, 14.4.3

Financial Arrangements, Owner's
     2.2.1, 13.2.2, 14.1.1.5

Fire and Extended Coverage Insurance
     11.4

GENERAL PROVISIONS
     1

Governing Law
     13.1

Guarantees (See Warranty)
Hazardous Materials
     10.2.4, 10.3, 10.5

Identification of Contract Documents
     1.5.1

<Page>

Identification of Subcontractors and Suppliers
     5.2.1

Indemnification
     3.17, 3.18, 9.10.2, 10.3.3, 10.5, 11.4.1.2, 11.4.7

Information and Services Required of the Owner
     2.1.2, 2.2, 3.2.1, 3.12.4, 3.12.10, 4.2.7, 4.3.3, 6.1.3, 6.1.4, 6.2.5,
     9.3.2, 9.6.1, 9.6.4, 9.9.2, 9.10.3, 10.3.3, 11.2, 11.4, 13.5.1, 13.5.2,
     14.1.1.4, 14.1.4

Injury or Damage to Person or Property
     4.3.8, 10.2, 10.6

Inspections
     3.1.3, 3.3.3, 3.7.1, 4.2.2, 4.2.6, 4.2.9, 9.4.2, 9.8.2, 9.8.3, 9.9.2,
     9.10.1, 12.2.1, 13.5

Instructions to Bidders
     1.1.1

Instructions to the Contractor
     3.2.3, 3.3.1, 3.8.1, 4.2.8, 5.2.1, 7, 12, 8.2.2, 13.5.2

Insurance
     3.18.1, 6.1.1, 7.3.6, 8.2.1, 9.3.2, 9.8.4, 9.9.1, 9.10.2, 9.10.5, 11

Insurance, Boiler and Machinery
     11.4.2

Insurance, Contractor's Liability
     11.1

Insurance, Effective Date of
     8.2.2, 11.1.2

Insurance, Loss of Use
     11.4.3

Insurance, Owner's Liability
     11.2

Insurance, Project Management Protective Liability
     11.3

Insurance, Property
     10.2.5, 11.4

Insurance, Stored Materials
     9.3.2, 11.4.1.4

INSURANCE AND BONDS
     11

Insurance Companies, Consent to Partial Occupancy
     9.9.1, 11.4.1.5

Insurance Companies, Settlement with
     11.4.10

Intent of the Contract Documents
     1.2.1, 4.2.7, 4.2.12, 4.2.13, 7.4

Interest
     13.6

Interpretation
     1.2.1, 1.4, 4.1.1, 4.3.1, 5.1, 6.1.2, 8.1.4

Interpretations, Written
     4.2.11, 4.2.12, 4.3.6

Joinder and Consolidation of Claims Required
     4.6.4

Judgment on Final Award
     4.6.6

Labor and Materials, Equipment
     1.1.3, 1.1.6, 3.4, 3.5.1, 3.8.2, 3.8.3, 3.12, 3.13, 3.15.1, 42.6, 4.2.7,
     5.2.1, 6.2.1, 7.3.6, 9.3.2, 9.3.3, 9.5.1.3, 9.10.2, 10.2.1, 10.2.4,
     14.2.1.2

Labor Disputes
     8.3.1

Laws and  Regulations
     1.6, 3.2.2, 3.6, 3.7, 3.12.10, 3.13, 4.1.1, 4.4.8, 4.6, 9.6.4, 9.9.1,
     10.2.2, 11.1, 11.4, 13.1, 13.4, 13.5.1, 13.5.2, 13.6, 14

Liens
     2.1.2, 4.4.8, 8.2.2, 9.3.3, 9.10

Limitations on Consolidation or Joinder
     4.6.4

Limitations, Statutes of
     4.6.3, 12.2.6, 13.7

Limitations of Liability
     2.3, 3.2.1, 3.5.1, 3.7.3, 3.12.8, 3.12.10, 3.17, 3.18, 4.2.6, 4.2.7,
     4.2.12, 6.2.2, 9.4.2, 9.6.4, 9.6.7, 9.10.4, 10.3.3, 10.2.5, 11.1.2, 11.2.1,
     11.4.7, 12.2.5, 13.4.2

Limitations of Time
     2.1.2, 2.2, 2.4, 3.2.1, 3.7.3, 3.10, 3.11, 3.12.5, 3.15.1, 4.2.7, 4.3, 4.4,
     4.5, 4.6, 5.2, 5.3, 5.4, 6.2.4, 7.3, 7.4, 8.2, 9.2, 9.3.1, 9.3.3, 9.4.1,
     9.5, 9.6, 9.7, 9.8, 9.9, 9.10, 11.1.3, 11.4.1.5, 11.4.6, 11.4.10, 12.2,
     13.5, 13.7, 14

Loss of Use Insurance
     11.4.3

Material Suppliers
     1.6, 3.12.1, 4.2.4, 4.2.6, 5.2.1, 9.3, 9.4.2, 9.6, 9.10.5

Materials, Hazardous
     10.2.4, 10.3, 10.5

Materials, Labor, Equipment and
     1.1.3, 1.1.6, 1.6.1, 3.4, 3.5.1, 3.8.2, 3.8.23, 3.12, 3.13,

<Page>

     3.15.1, 4.2.6, 4.2.7, 5.2.1, 6.2.1, 7.3.6, 9.3.2, 9.3.3, 9.5.1.3, 9.10.2,
     10.2.1, 10.2.4, 14.2.1.2

Means, Methods, Techniques, Sequences and Procedures of Construction
     3.3.1, 3.12.10, 4.2.2, 4.2.7, 9.4.2

Mechanic's Lien
     4.4.8

Mediation
     4.4.1, 4.4.5, 4.4.6, 4.4.8, 4.5, 4.6.1, 4.6.2, 8.3.1, 10.5

Minor Changes in the Work
     1.1.1, 3.12.8, 4.2.8, 4.3.6, 7.1, 7.4

MISCELLANEOUS PROVISIONS
     13

Modifications, Definition of
     1.1.1

Modifications to the Contract
     1.1.1,  1.1.2,  3.7.3,  3.11, 4.1.2,  4.2.1,  5.2.3, 7, 8.3.1, 9.7, 10.3.2,
     11.4.1

Mutual Responsibility
     6.2

Nonconforming Work, Acceptance of
     9.6.6, 9.9.3, 12.3

Nonconforming Work, Rejection and Correction of
     2.3, 2.4,  3.5.1,  4.2.6,  6.2.5,  9.5.1,  9.8.2,  9.9.3,  9.10.4,  12.2.1,
     13.7.1.3

Notice
     2.2.1, 2.3, 2.4, 3.2.3, 3.3.1, 3.7.2, 3.7.4, 3.12.9, 4.3, 4.4.8, 4.6.5,
     5.2.1, 8.2.2, 9.7, 9.10, 10.2.2, 11.1.3, 11.4.6, 12.2.2, 12.2.4, 13.3,
     13.5.1, 13.5.2, 14.1, 14.2

Notice, Written
     2.3, 2.4, 3.3.1, 3.9, 3.12.9, 3.12.10, 4.3, 4.4.8, 4.6.5, 5.2.1, 8.2.2,
     9.7, 9.10, 10.2.2, 10.3, 11.1.3, 11.4.6, 12.2.2, 12.2.4, 13.3, 14

Notice of Testing and Inspections
     13.5.1, 13.5.2

Notice to Proceed
     8.2.2

Notices, Permits, Fees and
     2.2.2, 3.7, 3.13, 7.3.6.4, 10.2.2

Observations, Contractor's
     1.5.2, 3.2, 3.7.3, 4.3.4

Occupancy
     2.2.2, 9.6.6, 9.8, 11.4.1.5

Orders, Written
     1.1.1, 2.3, 3.9, 4.3.6, 7, 8.2.2, 11.4.9, 12.1, 12.2, 13.5.2, 14.3.1

OWNER
     2

Owner, Definition of
     2.1

Owner, Information and Services Required of the
     2.1.2, 2.2, 3.2.1, 3.12.4, 3.12.10, 4.2.7, 4.3.3, 6.1.3, 6.1.4, 6.2.5,
     9.3.2, 9.6.1, 9.6.4, 9.9.2, 9.10.3, 10.3.3, 11.2, 11.4, 13.5.1, 13.5.2,
     14.1.1.4, 14.1.4

Owner's Authority
     1.6, 2.1.1, 2.3, 2.4, 3.4.2, 3.8.1, 3.12.10, 3.14.2, 4.1.2, 4.1.3, 4.2.4,
     4.2.9, 4.3.6, 4.4.7, 5.2.1, 5.2.4, 5.4.1, 6.1, 6.3, 7.2.1, 7.3.1, 8.2.2,
     8.3.1, 9.3.1, 9.3.2, 9.5.1, 9.9.1, 9.10.2, 10.3.2, 11.1.3, 11.3.1, 11.4.3,
     11.4.10, 12.2.2, 12.3.1, 13.2.2, 14.3, 14.4

Owner's Financial Capability
     2.2.1, 13.2.2, 14.1.1.5

Owner's Liability Insurance
     11.2

Owner's Loss of Use Insurance
     11.4.3

Owner's Relationship with Subcontractors
     1.1.2, 5.2, 5.3, 5.4, 9.6.4, 9.10.2, 14.2.2

Owner's Right to Carry Out the Work
     2.4, 12.2.4, 14.2.2.2

Owner's Right to Clean Up
     6.3

Owner's Right to Perform Construction and to Award Separate Contracts
     6.1

Owner's Right to Stop the Work
     2.3

Owner's Right to Suspend the Work
     14.3

Owner's Right to Terminate the Contract
     14.2

Ownership and Use of Drawings, Specifications and Other Instruments of Service
     1.1.1, 1.6, 2.2.5, 3.2.1, 3.11.1, 3.17.1, 4.2.12, 5.3

Partial Occupancy or Use
     9.6.6, 9.9, 11.4.1.5

Patching, Cutting and
     3.14, 6.2.5

<Page>

Patents
     3.17

Payment, Applications for
     4.2.5, 7.3.8, 9.2, 9.3, 9.4, 9.5.1, 9.6.3, 9.7.1, 9.8.5, 9.10.1, 9.10.3,
     9.10.5, 11.1.3, 14.2.4, 14.4.3

Payment, Certificates for
     4.2.5, 4.2.9, 9.3.3, 9.4, 9.5, 9.6.1, 9.6.6, 9.7.1, 9.10.1, 9.10.3, 13.7,
     14.1.1.3, 14.2.4

Payment, Failure of
     4.3.6, 9.5.1.3, 9.7, 9.10.2, 14.1.1.3, 14.2.1.2, 13.6

Payment, Final
     4.2.1, 4.2.9, 4.3.2, 9.8.2, 9.10, 11.1.2, 11.1.3, 11.4.1, 11.4.5, 12.3.1,
     13.7, 14.2.4, 14.4.3

Payment Bond, Performance Bond and
     7.3.6.4, 9.6.7, 9.10.3, 11.4.9, 11.5

Payments, Progress
     4.3.3, 9.3, 9.6, 9.8.5, 9.10.3, 13.6, 14.2.3

PAYMENTS AND COMPLETION
     9

Payments to Subcontractors
     5.4.2, 9.5.1.3, 9.6.2, 9.6.3, 9.6.4, 9.6.7, 11.4.8, 14.2.1.2

PCB
     10.3.1

Performance Bond and Payment Bond
     7.3.6.4, 9.6.7, 9.10.3, 11.4.9, 11.5

Permits, Fees and Notices
     2.2.2, 3.7, 3.13, 7.3.6.4, 10.2.2

PERSONS AND PROPERTY, PROTECTION OF
     10

Polychlorinated Biphenyl
     10.3.1

Product Data, Definition of
     3.12.2

Product Data and Samples, Shop Drawings
     3.11, 3.12, 4.2.7

Progress and Completion
     4.2.2, 4.3.3, 8.2, 9.8, 9.9.1, 14.1.4

Progress Payments
     4.3.3, 9.3, 9.6, 9.8.5, 9.10.3, 13.6, 14.2.3

Project, Definition of the
     1.1.4

Project Management Protective Liability Insurance
     11.3

Project Manual, Definition of the
     1.1.7

Project Manuals
     2.2.5

Project Representatives
     4.2.10

Property Insurance
     10.2.5, 11.4

PROTECTION OF PERSONS AND PROPERTY
     10

Regulations and Laws
     1.6, 3.2.2, 3.6, 3.7, 3.12.10, 3.13, 4.1.1, 4.4.8, 4.6, 9.6.4, 9.9.1,
     10.2.2, 11.1, 11.4, 13.1, 13.4, 13.5.1, 13.5.2, 13.6, 14

Rejection of Work
     3.5.1, 4.2.6, 12.2.1

Releases and Waivers of Liens
     9.10.2

Representations
     1.5.2, 3.5.1, 3.12.6, 6.2.2, 8.2.1, 9.3.3, 9.4.2, 9.5.1, 9.8.2, 9.10.1

Representatives
     2.1.1, 3.1.1, 3.9, 4.1.1, 4.2.1, 4.2.10, 5.1.1, 5.1.2, 13.2.1

Resolution of Claims and Disputes
     4.4, 4.5, 4.6

Responsibility for Those Performing the Work
     3.3.2, 3.18, 4.2.3, 4.3.8, 5.3.1, 6.1.3, 6.2, 6.3, 9.5.1, 10

Retainage
     9.3.1, 9.6.2, 9.8.5, 9.9.1, 9.10.2, 9.10.3

Review of Contract Documents and Field Conditions by Contractor
     1.5.2, 3.2, 3.7.3, 3.12.7, 6.1.3

Review of Contractor's Submittals by Owner and Architect 3.10.1, 3.10.2, 3.11,
     3.12, 4.2, 5.2, 6.1.3, 9.2, 9.8.2

Review of Shop Drawings, Product Data and Samples by Contractor
     3.12

Rights and Remedies
     1.1.2, 2.3, 2.4, 3.5.1, 3.15.2, 4.2.6, 4.3.4, 4.5, 4.6, 5.3, 5.4, 6.1, 6.3,
     7.3.1, 8.3, 9.5.1, 9.7, 10.2.5, 10.3, 12.2.2, 12.2.4, 13.4, 14

Royalties, Patents and Copyrights
     3.17

Rules and Notices for Arbitration

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     4.6.2

Safety of Persons and Property
     10.2, 10.6

Safety Precautions and Programs
     3.3.1, 4.2.2, 4.2.7, 5.3.1, 10.1, 10.2, 10.6

Samples, Definition of
     3.12.3

Samples, Shop Drawings, Product Data and
     3.11, 3.12, 4.2.7

Samples at the Site, Documents and
     3.11

Schedule of Values
     9.2, 9.3.1

Schedules, Construction
     1.4.1.2, 3.10, 3.12.1, 3.12.2, 4.3.7.2, 6.1.3

Separate Contracts and Contractors
     1.1.4,  3.12.5,  3.14.2,  4.2.4,  4.2.7, 4.6.4, 6, 8.3.1,  11.4.7,  12.1.2,
     12.2.5

Shop Drawings, Definition of
     3.12.1

Shop Drawings, Product Data and Samples
     3.11, 3.12, 4.2.7

Site, Use of
     3.13, 6.1.1, 6.2.1

Site Inspections
     1.2.2, 3.2.1, 3.3.3, 3.7.1, 4.2, 4.3.4, 9.4.2, 9.10.1, 13.5

Site Visits, Architect's
     4.2.2, 4.2.9, 4.3.4, 9.4.2, 9.5.1, 9.9.2, 9.10.1, 13.5

Special Inspections and Testing
     4.2.6, 12.2.1, 13.5

Specifications, Definition of the
     1.1.6

Specifications, The
     1.1.1, 1.1.6, 1.1.7, 1.2.2, 1.6, 3.11, 3.12.10, 3.17

Statute of Limitations
     4.6.3, 12.2.6, 13.7

Stopping the Work
     2.3, 4.3.6, 9.7, 10.3, 14.1

Stored Materials
     6.2.1, 9.3.2, 10.2.1.2, 10.2.4, 11.4.1.4

Subcontractor, Definition of
     5.1.1

SUBCONTRACTORS
     5

Subcontractors, Work by
     1.2.2, 3.3.2, 3.12.1, 4.2.3, 5.2.3, 5.3, 5.4, 9.3.1.2, 9.6.7

Subcontractual Relations
     5.3, 5.4, 9.3.1.2, 9.6, 9.10 10.2.1, 11.4.7, 11.4.8, 14.1, 14.2.1, 14.3.2

Submittals
     1.6, 3.10, 3.11, 3.12, 4.2.7, 5.2.1, 5.2.3, 7.3.6, 9.2, 9.3, 9.8, 9.9.1,
     9.10.2, 9.10.3, 11.1.3

Subrogation, Waivers of
     6.1.1, 11.4.5, 11.4.7

Substantial Completion
     4.2.9, 8.1.1, 8.1.3, 8.2.3, 9.4.2, 9.8, 9.9.1, 9.10.3, 9.10.4.2, 12.2, 13.7

Substantial Completion, Definition of
     9.8.1

Substitution of Subcontractors
     5.2.3, 5.2.4

Substitution of Architect
     4.1.3

Substitutions of Materials
     3.4.2, 3.5.1, 7.3.7

Sub-subcontractor, Definition of
     5.1.2

Subsurface Conditions
     4.3.4

Successors and Assigns
     13.2

Superintendent
     3.9, 10.2.6

Supervision and Construction Procedures
     1.2.2, 3.3, 3.4, 3.12.10, 4.2.2, 4.2.7, 4.3.3, 6.1.3, 6.2.4, 7.1.3, 7.3.6,
     8.2, 8.3.1, 9.4.2, 10, 12, 14

Surety
     4.4.7, 5.4.1.2, 9.8.5, 9.10.2, 9.10.3, 14.2.2

Surety, Consent of
     9.10.2, 9.10.3

Surveys
     2.2.3

Suspension by the Owner for Convenience
     14.4

Suspension of the Work

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     5.4.2, 14.3

Suspension or Termination of the Contract
     4.3.6, 5.4.1.1, 11.4.9, 14

Taxes
     3.6, 3.8.2.1, 7.3.6.4

Termination by the Contractor
     4.3.10, 14.1

Termination by the Owner for Cause
     4.3.10, 5.4.1.1, 14.2

Termination of the Architect
     4.1.3

Termination of the Contractor
     14.2.2

TERMINATION OR SUSPENSION OF THE CONTRACT
     14

Tests and Inspections
     3.1.3, 3.3.3, 4.2.2, 4.2.6, 4.2.9, 9.4.2, 9.8.3, 9.9.2, 9.10.1, 10.3.2,
     11.4.1.1, 12.2.1, 13.5

TIME
     8

Time, Delays and Extensions of
     3.2.3, 4.3.1, 4.3.4, 4.3.7, 4.4.5, 5.2.3, 7.2.1, 7.3.1, 7.4.1, 7.5.1, 8.3,
     9.5.1, 9.7.1, 10.3.2, 10.6.1, 14.3.2

Time Limits
     2.1.2, 2.2, 2.4, 3.2.1, 3.7.3, 3.10, 3.11, 3.12.5, 3.15.1, 4.2, 4.3, 4.4,
     4.5, 4.6, 5.2, 5.3, 5.4, 6.2.4, 7.3, 7.4, 8.2, 9.2, 9.3.1, 9.3.3, 9.4.1,
     9.5, 9.6, 9.7, 9.8, 9.9, 9.10, 11.1.3, 11.4.1.5, 11.4.6, 11.4.10, 12.2,
     13.5, 13.7, 14

Time Limits on Claims
     4.3.2, 4.3.4, 4.3.8, 4.4, 4.5, 4.6

Title to Work
     9.3.2, 9.3.3

UNCOVERING AND CORRECTION OF WORK
     12

Uncovering of Work
     12.1

Unforeseen Conditions
     4.3.4, 8.3.1, 10.3

Unit Prices
     4.3.9, 7.3.3.2

Use of Documents
     1.1.1, 1.6, 2.2.5, 3.12.6, 5.3

Use of Site
     3.13, 6.1.1, 6.2.1

Values, Schedule of
     9.2, 9.3.1

Waiver of Claims by the Architect
     13.4.2

Waiver of Claims by the Contractor
     4.3.10, 9.10.5, 11.4.7, 13.4.2

Waiver of Claims by the Owner
     4.3.10, 9.9.3, 9.10.3, 9.10.4, 11.4.3,  11.4.5, 11.4.7,  12.2.2.1,  13.4.2,
     14.2.4

Waiver of Consequential Damages
     4.3.10, 14.2.4

Waiver of Liens
     9.10.2, 9.10.4

Waivers of Subrogation
     6.1.1, 11.4.5, 11.4.7

Warranty
     3.5, 4.2.9, 4.3.5.3, 9.3.3, 9.8.4, 9.9.1, 9.10.4, 12.2.2, 13.7.1.3

Weather Delays
     4.3.7.2

Work, Definition of
     1.1.3

Written Consent
     1.6, 3.4.2, 3.12.8, 3.14.2, 4.1.2, 4.3.4, 4.6.4, 9.3.2, 9.8.5, 9.9.1,
     9.10.2, 9.10.3, 11.4.1, 13.2, 13.4.2

Written Interpretations
     4.2.11, 4.2.12, 4.3.6

Written Notice
     2.3, 2.4, 3.3.1, 3.9, 3.12.9, 3.12.10, 4.3, 4.4.8, 4.6.5, 5.2.1, 8.2.2,
     9.7, 9.10, 10.2.2, 10.3, 11.1.3, 11.4.6, 12.2.2, 12.2.4, 13.3, 14

Written Orders
     1.1.1, 2.3, 3.9, 4.3.6, 7, 8.2.2, 11.4.9, 12.1, 12.2, 13.5.2, 14.3.1

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ARTICLE 1 GENERAL PROVISIONS
     1.1 BASIC DEFINITIONS
     1.1.1 THE CONTRACT DOCUMENTS

     The Contract Documents consist of the Agreement between Owner and
     Contractor (hereinafter the Agreement), Conditions of the Contract
     (General, Supplementary and other Conditions), Drawings, Specifications,
     Addenda issued prior to execution of the Contract, other documents listed
     in the Agreement and Modifications issued after execution of the Contract.
     A Modification is (1) a written amendment to the Contract signed by both
     parties, (2) a Change Order, (3) a Construction Change Directive or (4) a
     written order for a minor change in the Work issued by the Architect.
     Unless specifically enumerated in the Agreement, the Contract Documents do
     not include other documents such as bidding requirements (advertisement or
     invitation to bid, Instructions to Bidders, sample forms, the Contractor's
     bid or portions of Addenda relating to bidding requirements).

     1.1.2 THE CONTRACT

     The Contract Documents form the Contract for Construction. The Contract
     represents the entire and integrated agreement between the parties hereto
     and supersedes prior negotiations, representations or agreements, either
     written or oral. The Contract may be amended or modified only by a
     Modification. The Contract Documents shall not be construed to create a
     contractual relationship of any kind (1) between the Architect and
     Contractor, (2) between the Owner and a Subcontractor or Sub-subcontractor,
     (3) between the Owner and Architect or (4) between any persons or entities
     other than the Owner and Contractor. The Architect shall, however, be
     entitled to performance and enforcement of obligations under the Contract
     intended to facilitate performance of the Architect's duties.

     1.1.3 THE WORK

     The term "Work" means the construction and services required by the
     Contract Documents, whether completed or partially completed, and includes
     all other labor, materials, equipment and services provided or to be
     provided by the Contractor to fulfill the Contractor's obligations. The
     Work may constitute the whole or a part of the Project.

     1.1.4 THE PROJECT

     The Project is the total construction of which the Work performed under the
     Contract Documents may be the whole or a part and which may include
     construction by the Owner or by separate contractors.

     1.1.5 THE DRAWINGS

     The Drawings are the graphic and pictorial portions of the Contract
     Documents showing the design, location and dimensions of the Work,
     generally including plans, elevations, sections, details, schedules and
     diagrams.

     1.1.6 THE SPECIFICATIONS

     The Specifications are that portion of the Contract Documents consisting of
     the written requirements for materials, equipment, systems, standards and
     workmanship for the Work, and performance of related services.

     1.1.7 THE PROJECT MANUAL

     The Project Manual is a volume assembled for the Work which may include the
     bidding requirements, sample forms, Conditions of the Contract and
     Specifications.

     1.2 CORRELATION AND INTENT OF THE CONTRACT DOCUMENTS
     1.2.1 The intent of the Contract Documents is to include all items
     necessary for the proper execution and completion of the Work by the
     Contractor. The Contract Documents are complementary, and what is required
     by one shall be as binding as if

<Page>

     required by all; performance by the Contractor shall be required only to
     the extent consistent with the Contract Documents and reasonably inferable
     from them as being necessary to produce the indicated results.

     1.2.2 Organization of the Specifications into divisions, sections and
     articles, and arrangement of Drawings shall not control the Contractor in
     dividing the Work among Subcontractors or in establishing the extent of
     Work to be performed by any trade.

     1.2.3 Unless otherwise stated in the Contract Documents, words which have
     well-known technical or construction industry meanings are used in the
     Contract Documents in accordance with such recognized meanings.

     Insert A: 1.2.4. The Contract documents apply to contractor and each
     Subcontractor.

     1.3 CAPITALIZATION
     1.3.1 Terms capitalized in these General Conditions include those which are
     (1) specifically defined, (2) the titles of numbered articles and
     identified references to Paragraphs, Subparagraphs and Clauses in the
     document or (3) the titles of other documents published by the American
     Institute of Architects.

     1.4 INTERPRETATION
     1.4.1 In the interest of brevity the Contract Documents frequently omit
     modifying words such as "all" and "any" and articles such as "the" and
     "an," but the fact that a modifier or an article is absent from one
     statement and appears in another is not intended to affect the
     interpretation of either statement.

     1.5 EXECUTION OF CONTRACT DOCUMENTS
     1.5.1 The Contract Documents shall be signed by the Owner and Contractor.
     If either the Owner or Contractor or both do not sign all the Contract
     Documents, the Architect shall identify such unsigned Documents upon
     request.

     1.5.2 Execution of the Contract by the Contractor is a representation that
     the Contractor has visited the site, become generally familiar with local
     conditions under which the Work is to be performed and correlated personal
     observations with requirements of the Contract Documents.

     1.6 OWNERSHIP AND USE OF DRAWINGS, SPECIFICATIONS AND OTHER INSTRUMENTS OF
         SERVICE
     1.6.1 The Drawings, Specifications and other documents, including those in
     electronic form, prepared by the Architect and the Architect's consultants
     are Instruments of Service through which the Work to be executed by the
     Contractor is described. The Contractor may retain one record set. Neither
     the Contractor nor any Subcontractor, Sub-subcontractor or material or
     equipment supplier shall own or claim a copyright in the Drawings,
     Specifications and other documents prepared by the Architect or the
     Architect's consultants, and unless otherwise indicated the Architect and
     the Architect's consultants shall be deemed the authors of them and will
     retain all common law, statutory and other reserved rights, in addition to
     the copyrights. All copies of Instruments of Service, except the
     Contractor's record set, shall be returned or suitably accounted for to the
     Architect, on request, upon completion of the Work. The Drawings,
     Specifications and other documents prepared by the Architect and the
     Architect's consultants, and copies thereof furnished to the Contractor,
     are for use solely with respect to this Project. They are not to be used by
     the Contractor or any Subcontractor, Sub-subcontractor or material or
     equipment supplier on other projects or for additions to this Project
     outside the scope of the Work without the specific written consent of the
     Owner, Architect and the Architect's consultants. The Contractor,
     Subcontractors, Sub-subcontractors and material or equipment suppliers are
     authorized to use and reproduce applicable portions of the Drawings,
     Specifications and other documents prepared by the Architect and the
     Architect's consultants appropriate to and for use in the execution of
     their Work under the Contract Documents. All copies made under this
     authorization shall bear the statutory copyright notice, if any, shown on
     the Drawings, Specifications and other documents prepared by the Architect
     and the Architect's consultants. Submittal or distribution to meet official
     regulatory requirements or for other purposes in connection with this
     Project is not to be construed as publication in derogation of the
     Architect's or Architect's consultants' copyrights or other reserved
     rights. This Paragraph 1.6.1 shall not limit the Owner's rights to use the
     Drawings, Specifications, and other documents, which right is separately
     determined between Owner and Architect.

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ARTICLE 2 OWNER
     2.1 GENERAL
     2.1.1 The Owner is the person or entity identified as such in the Agreement
     and is referred to throughout the Contract Documents as if singular in
     number. The Owner shall designate in writing a representative who shall
     have express authority to bind the Owner with respect to all matters
     requiring the Owner's approval or authorization. Except as otherwise
     provided in Subparagraph 4.2.1, the Architect does not have such authority.
     The term "Owner" means the Owner or the Owner's authorized representative.

     2.1.2 The Owner shall furnish to the Contractor within fifteen days after
     receipt of a written request, information necessary and relevant for the
     Contractor to evaluate, give notice of or enforce mechanic's lien rights.
     Such information shall include a correct statement of the record legal
     title to the property on which the Project is located, usually referred to
     as the site, and the Owner's interest therein.

     2.2 INFORMATION AND SERVICES REQUIRED OF THE OWNER
     2.2.1 The Owner shall, at the written request of the Contractor, prior to
     commencement of the Work and thereafter, furnish to the Contractor
     reasonable evidence that financial arrangements have been made to fulfill
     the Owner's obligations under the Contract. Furnishing of such evidence
     shall be a condition precedent to commencement or continuation of the Work
     after such request by Contractor.

     2.2.2 Except for permits and fees, including those required under
     Subparagraph 3.7.1, which are the responsibility of the Contractor under
     the Contract Documents, the Owner shall secure and pay for necessary
     approvals, easements, assessments and charges required for construction,
     use or occupancy of permanent structures or for permanent changes in
     existing facilities.

     2.2.3 The Owner shall furnish surveys describing physical characteristics,
     legal limitations and utility locations for the site of the Project, and a
     legal description of the site. The Contractor shall be entitled to rely on
     the accuracy of information furnished by the Owner but shall exercise
     proper precautions relating to the safe performance of the Work.

     2.2.4 Information or services required of the Owner by the Contract
     Documents shall be furnished by the Owner with reasonable promptness. Any
     other information or services relevant to the Contractor's performance of
     the Work under the Owner's control shall be furnished by the Owner after
     receipt from the Contractor of a written request for such information or
     services.

     2.2.5 Unless otherwise provided in the Contract Documents, the Contractor
     will be furnished, free of charge, such copies of Drawings and Project
     Manuals as are reasonably necessary for execution of the Work.

     2.3 OWNER'S RIGHT TO STOP THE WORK
     2.3.1 If the Contractor fails to correct Work which is not in accordance
     with the requirements of the Contract Documents as required by
     Paragraph 12.2 or persistently fails to carry out Work in accordance with
     the Contract Documents, the Owner may issue a written order to the
     Contractor to stop the Work, or any portion thereof, until the cause for
     such order has been eliminated; however, the right of the Owner to stop the
     Work shall not give rise to a duty on the part of the Owner to exercise
     this right for the benefit of the Contractor or any other person or entity,
     except to the extent required by Subparagraph 6.1.3.

     2.4 OWNER'S RIGHT TO CARRY OUT THE WORK
     2.4.1 If the Contractor defaults or neglects to carry out the Work in
     accordance with the Contract Documents and fails within a 72 hour period
     after receipt of written notice from the Owner to commence and continue
     correction of such default or neglect with diligence and promptness, the
     Owner may after such 72 hour period without prejudice to other remedies the
     Owner may have, correct such deficiencies. In such case an appropriate
     Change Order shall be issued deducting from payments then or thereafter due
     the Contractor the reasonable cost of correcting such deficiencies,
     including Owner's expenses and compensation for the Architect's additional
     services made necessary by such default, neglect or failure. Such action by
     the Owner and amounts charged to the Contractor are both subject to prior
     approval of the Architect. If payments then or thereafter due the
     Contractor are not sufficient to cover such amounts, the Contractor shall
     pay the difference to the Owner.

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ARTICLE 3 CONTRACTOR
     3.1 GENERAL
     3.1.1 The Contractor is the person or entity identified as such in the
     Agreement and is referred to throughout the Contract Documents as if
     singular in number. The term "Contractor" means the Contractor or the
     Contractor's authorized representative.

     3.1.2 The Contractor shall perform the Work in accordance with the Contract
     Documents.

     3.1.3 The Contractor shall not be relieved of obligations to perform the
     Work in accordance with the Contract Documents either by activities or
     duties of the Architect in the Architect's administration of the Contract,
     or by tests, inspections or approvals required or performed by persons
     other than the Contractor.

Insert B: 3.1.4 Observation or work by Architect or by employees of Owner or of
Architect shall not be interpreted as relieving contractor from its
responsibility for coordination of all work, its superintendence of the Work,
and its scheduling and direction of the Work.

     3.2 REVIEW OF CONTRACT DOCUMENTS AND FIELD CONDITIONS BY CONTRACTOR
     3.2.1 Since the Contract Documents are complementary, before starting each
     portion of the Work, the Contractor shall carefully study and compare the
     various Drawings and other Contract Documents relative to that portion of
     the Work, as well as the information furnished by the Owner pursuant to
     Subparagraph 2.2.3, shall take field measurements of any existing
     conditions related to that portion of the Work and shall observe any
     conditions at the site affecting it. These obligations are for the purpose
     of facilitating construction by the Contractor and are not for the purpose
     of discovering errors, omissions, or inconsistencies in the Contract
     Documents; however, any errors, inconsistencies or omissions discovered by
     the Contractor shall be reported promptly to the Architect as a request for
     information in such form as the Architect may require.

     3.2.2 Any design errors or omissions noted by the Contractor during this
     review shall be reported promptly to the Architect and Owner, but it is
     recognized that the Contractor's review is made in the Contractor's
     capacity as a contractor and not as a licensed design professional unless
     otherwise specifically provided in the Contract Documents. The Contractor
     is not required to ascertain that the Contract Documents are in accordance
     with applicable laws, statutes, ordinances, building codes, and rules and
     regulations, but any nonconformity discovered by or made known to the
     Contractor shall be reported promptly to the Architect and Owner.

     3.2.3 If the Contractor believes that additional cost or time is involved
     because of clarifications or instructions issued by the Architect in
     response to the Contractor's notices or requests for information pursuant
     to Subparagraphs 3.2.1 and 3.2.2, the Contractor shall make Claims as
     provided in Subparagraphs 4.3.6 and 4.3.7. If the Contractor fails to
     perform the obligations of Subparagraphs 3.2.1 and 3.2.2, the Contractor
     shall pay such costs and damages to the Owner as would have been avoided if
     the Contractor had performed such obligations. The Contractor shall not be
     liable to the Owner or Architect for damages resulting from errors,
     inconsistencies or omissions in the Contract Documents or for differences
     between field measurements or conditions and the Contract Documents unless
     the Contractor recognized such error, inconsistency, omission or difference
     and knowingly failed to report it to the Architect and Owner.

     3.3 SUPERVISION AND CONSTRUCTION PROCEDURES
     3.3.1 The Contractor shall supervise and direct the Work, using the
     Contractor's best skill and attention. The Contractor shall be solely
     responsible for and have control over construction means, methods,
     techniques, sequences and procedures and for coordinating all portions of
     the Work under the Contract, unless the Contract Documents give other
     specific instructions concerning these matters. If the Contract Documents
     give specific instructions concerning construction means, methods,
     techniques, sequences or procedures, the Contractor shall evaluate the
     jobsite safety thereof and, except as stated below, shall be fully and
     solely responsible for the jobsite safety of such means, methods,
     techniques, sequences or procedures. If the Contractor determines that such
     means, methods, techniques, sequences or procedures may not be safe, the
     Contractor shall give timely written notice to the Owner and Architect and
     shall not proceed with that portion of the Work without further written
     instructions from the Architect. If the Contractor is then instructed to
     proceed with the required means, methods, techniques, sequences or
     procedures without acceptance of changes proposed by the Contractor, the
     Owner shall be solely responsible for any resulting loss or damage.

<Page>

     3.3.2 The Contractor shall be responsible to the Owner for acts and
     omissions of the Contractor's employees, Subcontractors and their agents
     and employees, and other persons or entities performing portions of the
     Work for or on behalf of the Contractor or any of its Subcontractors.

     3.3.3 The Contractor shall be responsible for inspection of portions of
     Work already performed to determine that such portions are in proper
     condition to receive subsequent Work.

     3.4 LABOR AND MATERIALS
     3.4.1 Unless otherwise provided in the Contract Documents, the Contractor
     shall provide and pay for labor, materials, equipment, tools, construction
     equipment and machinery, water, heat, utilities, transportation, and other
     facilities and services necessary for proper execution and completion of
     the Work, whether temporary or permanent and whether or not incorporated or
     to be incorporated in the Work.

     3.4.2 The Contractor may make substitutions only with the consent of the
     Owner, after evaluation by the Architect and in accordance with a Change
     Order.

     3.4.3 The Contractor shall enforce strict discipline and good order among
     the Contractor's employees and other persons carrying out the Contract. The
     Contractor shall not permit employment of unfit persons or persons not
     skilled in tasks assigned to them.

     3.5 WARRANTY
     3.5.1 The Contractor warrants to the Owner and Architect that materials and
     equipment furnished under the Contract will be of good quality and new
     unless otherwise required or permitted by the Contract Documents, that the
     Work will be free from defects not inherent in the quality required or
     permitted, and that the Work will conform to the requirements of the
     Contract Documents. Work not conforming to these requirements, including
     substitutions not properly approved and authorized, may be considered
     defective. The Contractor's warranty excludes remedy for damage or defect
     caused by abuse after substantial completion, modifications not executed by
     the Contractor, improper or insufficient maintenance, improper operation,
     or normal wear and tear and normal usage. If required by the Architect, the
     Contractor shall furnish satisfactory evidence as to the kind and quality
     of materials and equipment.

     3.6 TAXES
     3.6.1 The Contractor shall pay sales, consumer, use and similar taxes for
     the Work provided by the Contractor which are legally enacted when bids are
     received or negotiations concluded, whether or not yet effective or merely
     scheduled to go into effect.

     3.7 PERMITS, FEES AND NOTICES
     3.7.1 Unless otherwise provided in the Contract Documents, the Contractor
     shall secure and pay for the building permit and other permits and
     governmental fees, licenses and inspections necessary for proper execution
     and completion of the Work which are customarily secured after execution of
     the Contract and which are legally required when bids are received or
     negotiations concluded. Certificate of inspection, and Use and Occupancy
     permits or licenses shall be delivered to the Owner upon completion of the
     Work in sufficient time for occupation of the Project in accordance with
     the approved schedule for the Work. The costs of such procurement, payment
     and delivery are included within the Contract Sum and Guaranteed Maximum
     Price.

     3.7.2 The Contractor shall comply with and give notices required by laws,
     ordinances, rules, regulations and lawful orders of public authorities
     applicable to performance of the Work.

     3.7.3 It is not the Contractor's responsibility to ascertain that the
     Contract Documents are in accordance with applicable laws, statutes,
     ordinances, building codes, and rules and regulations. However, if the
     Contractor observes that portions of the Contract Documents are at variance
     therewith, the Contractor shall promptly notify the Architect and Owner in
     writing, and necessary changes shall be accomplished by appropriate
     Modification.

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     3.7.4 If the Contractor performs Work knowing it to be contrary to laws,
     statutes, ordinances, building codes, and rules and regulations without
     such notice to the Architect and Owner, the Contractor shall assume
     appropriate responsibility for such Work and shall bear the costs
     attributable to correction.

     3.8 ALLOWANCES
     3.8.1 The Contractor shall include in the Contract Sum all allowances
     stated in the Contract Documents. Items covered by allowances shall be
     supplied for such amounts and by such persons or entities as the Owner may
     direct, but the Contractor shall not be required to employ persons or
     entities to whom the Contractor has reasonable objection.

     3.8.2 Unless otherwise provided in the Contract Documents:

          .1   allowances shall cover the cost to the Contractor of materials
               and equipment delivered at the site and all required taxes, less
               applicable trade discounts;

          .2   Contractor's costs for unloading and handling at the site, labor,
               installation costs, overhead, profit and other expenses
               contemplated for stated allowance amounts shall be included in
               the Contract Sum but not in the allowances;

          .3   whenever costs are more than or less than allowances, the
               Contract Sum shall be adjusted accordingly by Change Order. The
               amount of the Change Order shall reflect (1) the difference
               between actual costs and the allowances under Clause 3.8.2.1 and
               (2) changes in Contractor's costs under Clause 3.8.2.2.

     3.8.3 Materials and equipment under an allowance shall be selected by the
     Owner in sufficient time to avoid delay in the Work.

     3.9 SUPERINTENDENT
     3.9.1 The Contractor shall employ a competent superintendent and necessary
     assistants who shall be in attendance at the Project site during
     performance of the Work. The superintendent shall represent the Contractor,
     and communications given to the superintendent shall be as binding as if
     given to the Contractor. Important communications shall be confirmed in
     writing. Other communications shall be similarly confirmed on written
     request in each case.

Insert C: 3.9.2 The list of all supervisory personnel, including the Project
Manager and Superintendent, that the Contractor intends to use on the Project
and a chain-of-command organizational chart is attached as Exhibit "E." The
Contractor shall not engage supervisory personnel or utilize an organization and
chain-of-command other that as set forth in Exhibit "E" and shall not change
such personnel or form of organization without the written approval of the
Owner.

     3.10 CONTRACTOR'S CONSTRUCTION SCHEDULES
     3.10.1 The Contractor, promptly after being awarded the Contract, shall
     prepare and submit for the Owner's and Architect's information a
     Contractor's construction schedule for the Work. The schedule shall not
     exceed time limits current under the Contract Documents, shall be revised
     at appropriate intervals as required by the conditions of the Work and
     Project, shall be related to the entire Project to the extent required by
     the Contract Documents, and shall provide for expeditious and practicable
     execution of the Work.

     3.10.2 The Contractor shall prepare and keep current, for the Architect's
     approval, a schedule of submittals which is coordinated with the
     Contractor's construction schedule and allows the Architect reasonable time
     to review submittals.

     3.10.3 The Contractor shall perform the Work in general accordance with the
     most recent schedules submitted to the Owner and Architect.

     3.11 DOCUMENTS AND SAMPLES AT THE SITE
     3.11.1 The Contractor shall maintain at the site for the Owner one record
     copy of the Drawings, Specifications, Addenda, Change Orders and other
     Modifications, in good order and marked currently to record field changes
     and selections made during

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     construction, and one record copy of approved Shop Drawings, Product Data,
     Samples and similar required submittals. These shall be available to the
     Architect and shall be delivered to the Architect for submittal to the
     Owner upon completion of the Work.

     3.12 SHOP DRAWINGS, PRODUCT DATA AND SAMPLES
     3.12.1 Shop Drawings are drawings, diagrams, schedules and other data
     specially prepared for the Work by the Contractor or a Subcontractor,
     Sub-subcontractor, manufacturer, supplier or distributor to illustrate some
     portion of the Work.

     3.12.2 Product Data are illustrations, standard schedules, performance
     charts, instructions, brochures, diagrams and other information furnished
     by the Contractor to illustrate materials or equipment for some portion of
     the Work.

     3.12.3 Samples are physical examples which illustrate materials, equipment
     or workmanship and establish standards by which the Work will be judged.

     3.12.4 Shop Drawings, Product Data, Samples and similar submittals are not
     Contract Documents. The purpose of their submittal is to demonstrate for
     those portions of the Work for which submittals are required by the
     Contract Documents the way by which the Contractor proposes to conform to
     the information given and the design concept expressed in the Contract
     Documents. Review by the Architect is subject to the limitations of
     Subparagraph 4.2.7. Informational submittals upon which the Architect is
     not expected to take responsive action may be so identified in the Contract
     Documents. Submittals which are not required by the Contract Documents may
     be returned by the Architect without action.

     3.12.5 The Contractor shall review for compliance with the Contract
     Documents, approve and submit to the Architect Shop Drawings, Product Data,
     Samples and similar submittals required by the Contract Documents with
     reasonable promptness and in such sequence as to cause no delay in the Work
     or in the activities of the Owner or of separate contractors. Submittals
     which are not marked as reviewed for compliance with the Contract Documents
     and approved by the Contractor may be returned by the Architect without
     action.

     3.12.6 By approving and submitting Shop Drawings, Product Data, Samples and
     similar submittals, the Contractor represents that the Contractor has
     determined and verified materials, field measurements and field
     construction criteria related thereto, or will do so, and has checked and
     coordinated the information contained within such submittals with the
     requirements of the Work and of the Contract Documents.

     3.12.7 The Contractor shall perform no portion of the Work for which the
     Contract Documents require submittal and review of Shop Drawings, Product
     Data, Samples or similar submittals until the respective submittal has been
     approved by the Architect.

     3.12.8 The Work shall be in accordance with approved submittals except that
     the Contractor shall not be relieved of responsibility for deviations from
     requirements of the Contract Documents by the Architect's approval of Shop
     Drawings, Product Data, Samples or similar submittals unless the Contractor
     has specifically informed the Architect in writing of such deviation at the
     time of submittal and (1) the Architect has given written approval to the
     specific deviation as a minor change in the Work, or (2) a Change Order or
     Construction Change Directive has been issued authorizing the deviation.
     The Contractor shall not be relieved of responsibility for errors or
     omissions in Shop Drawings, Product Data, Samples or similar submittals by
     the Architect's approval thereof.

     3.12.9 The Contractor shall direct specific attention, in writing or on
     resubmitted Shop Drawings, Product Data, Samples or similar submittals, to
     revisions other than those requested by the Architect on previous
     submittals. In the absence of such written notice the Architect's approval
     of a resubmission shall not apply to such revisions.

     3.12.10 The Contractor shall not be required to provide professional
     services which constitute the practice of architecture or engineering
     unless such services are specifically required by the Contract Documents
     for a portion of the Work or unless the Contractor needs to provide such
     services in order to carry out the Contractor's responsibilities for
     construction means, methods, techniques, sequences and procedures. The
     Contractor shall not be required to provide professional services in
     violation of applicable law. If professional design services or
     certifications by a design professional related to systems, materials or
     equipment are specifically required of the Contractor by the Contract
     Documents, the Owner and the Architect will specify all performance and
     design criteria that such services must satisfy. The Contractor shall cause
     such services or certifications to be provided by a

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     properly licensed design professional, whose signature and seal shall
     appear on all drawings, calculations, specifications, certifications, Shop
     Drawings and other submittals prepared by such professional. Shop Drawings
     and other submittals related to the Work designed or certified by such
     professional, if prepared by others, shall bear such professional's written
     approval when submitted to the Architect. The Owner and the Architect shall
     be entitled to rely upon the adequacy, accuracy and completeness of the
     services, certifications or approvals performed by such design
     professionals, provided the Owner and Architect have specified to the
     Contractor all performance and design criteria that such services must
     satisfy. Pursuant to this Subparagraph 3.12.10, the Architect will review,
     approve or take other appropriate action on submittals only for the limited
     purpose of checking for conformance with information given and the design
     concept expressed in the Contract Documents. The Contractor shall not be
     responsible for the adequacy of the performance or design criteria required
     by the Contract Documents.

     3.13 USE OF SITE
     3.13.1 The Contractor shall confine operations at the site to areas
     permitted by law, ordinances, permits and the Contract Documents and shall
     not unreasonably encumber the site with materials or equipment.

Insert D: 3.13.2 The Contractor shall assure free, convenient, unencumbered and
direct access to properties neighboring the Project site for the Owners of such
properties and their respective tenants, agents, invitees and guests.

     3.14 CUTTING AND PATCHING
     3.14.1 The Contractor shall be responsible for cutting, fitting or patching
     required to complete the Work or to make its parts fit together properly.

     3.14.2 The Contractor shall not damage or endanger a portion of the Work or
     fully or partially completed construction of the Owner or separate
     contractors by cutting, patching or otherwise altering such construction,
     or by excavation. The Contractor shall not cut or otherwise alter such
     construction by the Owner or a separate contractor except with written
     consent of the Owner and of such separate contractor; such consent shall
     not be unreasonably withheld. The Contractor shall not unreasonably
     withhold from the Owner or a separate contractor the Contractor's consent
     to cutting or otherwise altering the Work.

     3.15 CLEANING UP
     3.15.1 The Contractor shall keep the premises and surrounding area free
     from accumulation of waste materials or rubbish caused by operations under
     the Contract. At completion of the Work, the Contractor shall remove from
     and about the Project waste materials, rubbish, the Contractor's tools,
     construction equipment, machinery and surplus materials. The Contractor
     shall maintain streets and sidewalks around the Project site in a clean
     condition. The Contractor shall remove all spillage and tracking arising
     from the performance of the Work from such areas, and shall estabilsh a
     regular maintenance program of sweeping and hosing to minimize accumulation
     of dirt and dust upon such areas.

     3.15.2 If the Contractor fails to clean up as provided in the Contract
     Documents, the Owner may do so and the cost thereof shall be charged to the
     Contractor.

     3.16 ACCESS TO WORK
     3.16.1 The Contractor shall provide the Owner and Architect access to the
     Work in preparation and progress wherever located.

     3.17 ROYALTIES, PATENTS AND COPYRIGHTS
     3.17.1 The Contractor shall pay all royalties and license fees. The
     Contractor shall defend suits or claims for infringement of copyrights and
     patent rights and shall hold the Owner and Architect harmless from loss on
     account thereof, but shall not be responsible for such defense or loss when
     a particular design, process or product of a particular manufacturer or
     manufacturers is required by the Contract Documents or where the copyright
     violations are contained in Drawings, Specifications or other documents
     prepared by the Owner or Architect. However, if the Contractor has reason
     to believe that the required design, process or product is an infringement
     of a copyright or a patent, the Contractor shall be responsible for such
     loss unless such information is promptly furnished to the Architect.

     3.18 INDEMNIFICATION
     3.18.1 To the fullest extent permitted by law and to the extent claims,
     damages, losses or expenses are not covered by Project Management
     Protective Liability insurance purchased by the Contractor in accordance
     with Paragraph 11.3, the Contractor shall

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     indemnify and hold harmless the Owner, Architect, Architect's consultants,
     and agents and employees of any of them from and against claims, damages,
     losses and expenses, including but not limited to attorneys' fees, arising
     out of or resulting from performance of the Work, provided that such claim,
     damage, loss or expense is attributable to bodily injury, sickness, disease
     or death, or to injury to or destruction of tangible property (other than
     the Work itself), but only to the extent caused by the negligent acts or
     omissions of the Contractor, a Subcontractor, anyone directly or indirectly
     employed by them or anyone for whose acts they may be liable, regardless of
     whether or not such claim, damage, loss or expense is caused in part by a
     party indemnified hereunder. Such obligation shall not be construed to
     negate, abridge, or reduce other rights or obligations of indemnity which
     would otherwise exist as to a party or person described in this
     Paragraph 3.18.

     3.18.2 In claims against any person or entity indemnified under this
     Paragraph 3.18 by an employee of the Contractor, a Subcontractor, anyone
     directly or indirectly employed by them or anyone for whose acts they may
     be liable, the indemnification obligation under Subparagraph 3.18.1 shall
     not be limited by a limitation on amount or type of damages, compensation
     or benefits payable by or for the Contractor or a Subcontractor under
     workers' compensation acts, disability benefit acts or other employee
     benefit acts.

ARTICLE 4 ADMINISTRATION OF THE CONTRACT
     4.1 ARCHITECT
     4.1.1 The Architect is the person lawfully licensed to practice
     architecture or an entity lawfully practicing architecture identified as
     such in the Agreement and is referred to throughout the Contract Documents
     as if singular in number. The term "Architect" means the Architect or the
     Architect's authorized representative.

     4.1.2 Duties and responsibilities of the Architect as set forth in the
     Contract Documents shall not be restricted or modified, and limitations of
     authority of the Architect as set forth in the Contract Documents shall not
     be extended without written consent of the Owner, Contractor and Architect.
     Consent shall not be unreasonably withheld.

     4.1.3 If the employment of the Architect is terminated, the Owner shall
     employ a new Architect whose status under the Contract Documents shall be
     that of the former Architect.

     4.2 ARCHITECT'S ADMINISTRATION OF THE CONTRACT
     4.2.1 The Architect will provide administration of the Contract as
     described in the Contract Documents, and will be an Owner's representative
     (1) during construction, (2) until final payment is due and (3) with the
     Owner's concurrence, from time to time during the one-year period for
     correction of Work described in Paragraph 12.2. The Architect will have
     authority to act on behalf of the Owner only to the extent provided in the
     Contract Documents, unless otherwise modified in writing in accordance with
     other provisions of the Contract.

     4.2.2 The Architect, as a representative of the Owner, will visit the site
     at intervals appropriate to the stage of the Contractor's operations (1) to
     become generally familiar with and to keep the Owner informed about the
     progress and quality of the portion of the Work completed, (2) to endeavor
     to guard the Owner against defects and deficiencies in the Work, and (3) to
     determine in general if the Work is being performed in a manner indicating
     that the Work, when fully completed, will be in accordance with the
     Contract Documents. However, the Architect will not be required to make
     exhaustive or continuous on-site inspections to check the quality or
     quantity of the Work. The Architect will neither have control over or
     charge of, nor be responsible for, the construction means, methods,
     techniques, sequences or procedures, or for the safety precautions and
     programs in connection with the Work, since these are solely the
     Contractor's rights and responsibilities under the Contract Documents,
     except as provided in Subparagraph 3.3.1.

     4.2.3 The Architect will not be responsible to the Contractor for the
     Contractor's failure to perform the Work in accordance with the
     requirements of the Contract Documents. The Architect will not have control
     over or charge of and will not be responsible to the Contractor for acts or
     omissions of the Contractor, Subcontractors, or their agents or employees,
     or any other persons or entities performing portions of the Work.

     4.2.4 Communications Facilitating Contract Administration. Owner and
     Contractor shall communicate directly with each other regarding
     administration of the Contract documents and shall endeavor to advise
     Architect of the resolution of all material issues regarding the Contract
     Documents. Communications by and with the Architect's consultants shall be
     through the Architect.

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     Communications by and with Subcontractors and material suppliers shall be
     through the Contractor. Communications by and with separate contractors
     shall be through the Owner.

     4.2.5 Based on the Architect's evaluations of the Contractor's Applications
     for Payment, the Architect will review and certify the amounts due the
     Contractor and will issue Certificates for Payment in such amounts.

     4.2.6 The Architect will have authority to reject Work that does not
     conform to the Contract Documents. Whenever the Architect considers it
     necessary or advisable, the Architect will have authority to require
     inspection or testing of the Work in accordance with Subparagraphs 13.5.2
     and 13.5.3, whether or not such Work is fabricated, installed or completed.
     However, neither this authority of the Architect nor a decision made in
     good faith either to exercise or not to exercise such authority shall give
     rise to a duty or responsibility of the Architect to the Contractor,
     Subcontractors, material and equipment suppliers, their agents or
     employees, or other persons or entities performing portions of the Work.

     4.2.7 The Architect will review and approve or take other appropriate
     action upon the Contractor's submittals such as Shop Drawings, Product Data
     and Samples, but only for the limited purpose of checking for conformance
     with information given and the design concept expressed in the Contract
     Documents. The Architect's action will be taken with such reasonable
     promptness as to cause no delay in the Work or in the activities of the
     Owner, Contractor or separate contractors, while allowing sufficient time
     in the Architect's professional judgment to permit adequate review. Review
     of such submittals is not conducted for the purpose of determining the
     accuracy and completeness of other details such as dimensions and
     quantities, or for substantiating instructions for installation or
     performance of equipment or systems, all of which remain the responsibility
     of the Contractor as required by the Contract Documents. The Architect's
     review of the Contractor's submittals shall not relieve the Contractor of
     the obligations under Paragraphs 3.3, 3.5 and 3.12. The Architect's review
     shall not constitute approval of safety precautions or, unless otherwise
     specifically stated by the Architect, of any construction means, methods,
     techniques, sequences or procedures. The Architect's approval of a specific
     item shall not indicate approval of an assembly of which the item is a
     component.

     4.2.8 The Architect will prepare Change Orders and Construction Change
     Directives, and may authorize minor changes in the Work as provided in
     Paragraph 7.4.

     4.2.9 The Architect will conduct inspections to determine the date or dates
     of Substantial Completion and the date of final completion, will receive
     and forward to the Owner, for the Owner's review and records, written
     warranties and related documents required by the Contract and assembled by
     the Contractor, and will issue a final Certificate for Payment upon
     compliance with the requirements of the Contract Documents.

     4.2.10 If the Owner and Architect agree, the Architect will provide one or
     more project representatives to assist in carrying out the Architect's
     responsibilities at the site. The duties, responsibilities and limitations
     of authority of such project representatives shall be as set forth in an
     exhibit to be incorporated in the Contract Documents.

     4.2.11 The Architect will interpret and decide matters concerning
     performance under, and requirements of, the Contract Documents on written
     request of either the Owner or Contractor. The Architect's response to such
     requests will be made in writing within any time limits agreed upon or
     otherwise with reasonable promptness. If no agreement is made concerning
     the time within which interpretations required of the Architect shall be
     furnished in compliance with this Paragraph 4.2, then delay shall not be
     recognized on account of failure by the Architect to furnish such
     interpretations until 15 days after written request is made for them.

     4.2.12 Interpretations and decisions of the Architect will be consistent
     with the intent of and reasonably inferable from the Contract Documents and
     will be in writing or in the form of drawings. When making such
     interpretations and initial decisions, the Architect will endeavor to
     secure faithful performance by both Owner and Contractor, will not show
     partiality to either and will not be liable for results of interpretations
     or decisions so rendered in good faith.

     4.2.13 The Architect's decisions on matters relating to aesthetic effect
     will be final if consistent with the intent expressed in the Contract
     Documents.

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     4.3 CLAIMS AND DISPUTES
     4.3.1 Definition. A Claim is a demand or assertion by one of the parties
     seeking, as a matter of right, adjustment or interpretation of Contract
     terms, payment of money, extension of time or other relief with respect to
     the terms of the Contract. The term "Claim" also includes other disputes
     and matters in question between the Owner and Contractor arising out of or
     relating to the Contract. Claims must be initiated by written notice. The
     responsibility to substantiate Claims shall rest with the party making the
     Claim.

     4.3.2 Time Limits on Claims. Claims by either party must be initiated
     within 21 days after occurrence of the event giving rise to such Claim or
     within 21 days after the claimant first recognizes the condition giving
     rise to the Claim, whichever is later. Claims must be initiated by written
     notice to the Architect and the other party.

     4.3.3 Continuing Contract Performance. Pending final resolution of a Claim
     except as otherwise agreed in writing or as provided in Subparagraph 9.7.1
     and Article 14, the Contractor shall proceed diligently with performance of
     the Contract and the Owner shall continue to make payments in accordance
     with the Contract Documents.

     4.3.4 Claims for Concealed or Unknown Conditions. If conditions are
     encountered at the site which are (1) subsurface or otherwise concealed
     physical conditions which differ materially from those indicated in the
     Contract Documents or (2) unknown physical conditions of an unusual nature,
     which differ materially from those ordinarily found to exist and generally
     recognized as inherent in construction activities of the character provided
     for in the Contract Documents, then notice by the observing party shall be
     given to the other party promptly before conditions are disturbed and in no
     event later than 21 days after first observance of the conditions. The
     Architect will promptly investigate such conditions and, if they differ
     materially and cause an increase or decrease in the Contractor's cost of,
     or time required for, performance of any part of the Work, will recommend
     an equitable adjustment in the Contract Sum or Contract Time, or both. If
     the Architect determines that the conditions at the site are not materially
     different from those indicated in the Contract Documents and that no change
     in the terms of the Contract is justified, the Architect shall so notify
     the Owner and Contractor in writing, stating the reasons. Claims by either
     party in opposition to such determination must be made within 21 days after
     the Architect has given notice of the decision. If the conditions
     encountered are materially different, the Contract Sum and Contract Time
     shall be equitably adjusted, but if the Owner and Contractor cannot agree
     on an adjustment in the Contract Sum or Contract Time, the adjustment shall
     be referred to the Architect for initial determination, subject to further
     proceedings pursuant to Paragraph 4.4.

     4.3.5 Claims for Additional Cost. If the Contractor wishes to make Claim
     for an increase in the Contract Sum, written notice as provided herein
     shall be given before proceeding to execute the Work. Prior notice is not
     required for Claims relating to an emergency endangering life or property
     arising under Paragraph 10.6.

     4.3.6 If the Contractor believes additional cost is involved for reasons
     including but not limited to (1) a written interpretation from the
     Architect, (2) an order by the Owner to stop the Work where the Contractor
     was not at fault, (3) a written order for a minor change in the Work issued
     by the Architect, (4) failure of payment by the Owner, (5) termination of
     the Contract by the Owner, (6) Owner's suspension or (7) other reasonable
     grounds, Claim shall be filed in accordance with this Paragraph 4.3.

     4.3.7 Claims for Additional Time
     4.3.7.1 If the Contractor wishes to make Claim for an increase in the
     Contract Time, written notice as provided herein shall be given. The
     Contractor's Claim shall include an estimate of cost and of probable effect
     of delay on progress of the Work. In the case of a continuing delay only
     one Claim is necessary.

     4.3.7.2 If adverse weather conditions are the basis for a Claim for
     additional time, such Claim shall be documented by data substantiating that
     weather conditions were abnormal for the period of time, could not have
     been reasonably anticipated and had an adverse effect on the scheduled
     construction.

     4.3.8 Injury or Damage to Person or Property. If either party to the
     Contract suffers injury or damage to person or property because of an act
     or omission of the other party, or of others for whose acts such party is
     legally responsible, written notice of such injury or damage, whether or
     not insured, shall be given to the other party within a reasonable time not
     exceeding 21 days after discovery. The notice shall provide sufficient
     detail to enable the other party to investigate the matter.

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     4.3.9 If unit prices are stated in the Contract Documents or subsequently
     agreed upon, and if quantities originally contemplated are materially
     changed in a proposed Change Order or Construction Change Directive so that
     application of such unit prices to quantities of Work proposed will cause
     substantial inequity to the Owner or Contractor, the applicable unit prices
     shall be equitably adjusted.

     4.3.10 [Intentionally Omitted].

     4.4 RESOLUTION OF CLAIMS AND DISPUTES
     4.4.1 [Intentionally Omitted].

     4.4.2 [Intentionally Omitted].

     4.4.3 [Intentionally Omitted].

     4.4.4 [Intentionally Omitted].

     4.4.5 [Intentionally Omitted].

     4.4.6 [Intentionally Omitted].

     4.4.7 [Intentionally Omitted].

     4.4.8 [Intentionally Omitted].

     4.5 MEDIATION
     4.5.1 Any Claim arising out of or related to the Contract, except Claims
     relating to aesthetic effect and except those waived as provided for in
     Subparagraphs 4.3.10, 9.10.4 and 9.10.5 shall, be subject to mediation as a
     condition precedent to arbitration or the institution of legal or equitable
     proceedings by either party.

     4.5.2 The parties shall endeavor to resolve their Claims by mediation
     which, unless the parties mutually agree otherwise, shall be in accordance
     with the Construction Industry Mediation Rules of the American Arbitration
     Association currently in effect. Request for mediation shall be filed in
     writing with the other party to the Contract and with the American
     Arbitration Association. The request may be made concurrently with the
     filing of a demand for arbitration but, in such event, mediation shall
     proceed in advance of arbitration or legal or equitable proceedings, which
     shall be stayed pending mediation for a period of 60 days from the date of
     filing, unless stayed for a longer period by agreement of the parties or
     court order.

     4.5.3 The parties shall share the mediator's fee and any filing fees
     equally. The mediation shall be held in the place where the Project is
     located, unless another location is mutually agreed upon. Agreements
     reached in mediation shall be enforceable as settlement agreements in any
     court having jurisdiction thereof.

     4.6 ARBITRATION
     4.6.1 Upon the agreement of Owner and Contractor any Claim arising out of
     or related to the Contract, except Claims relating to aesthetic effect and
     except those waived as provided for in Subparagraphs 4.3.10, 9.10.4 and
     9.10.5, shall, after decision by the Architect or 30 days after submission
     of the Claim to the Architect, be subject to arbitration. Prior to
     arbitration, the parties shall endeavor to resolve disputes by mediation in
     accordance with the provisions of Paragraph 4.5.

     4.6.2 Upon the agreement of Owner and Contractor, Claims not resolved by
     mediation shall be decided by arbitration which, unless the parties
     mutually agree otherwise, shall be in accordance with the Construction
     Industry Arbitration Rules of the American Arbitration Association
     currently in effect. The demand for arbitration shall be filed in writing
     with the other party to the Contract and with the American Arbitration
     Association, and a copy shall be filed with the Architect.

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     4.6.3 A demand for arbitration shall be made within the time limits
     specified in Subparagraphs 4.4.6 and 4.6.1 as applicable, and in other
     cases within a reasonable time after the Claim has arisen, and in no event
     shall it be made after the date when institution of legal or equitable
     proceedings based on such Claim would be barred by the applicable statute
     of limitations as determined pursuant to Paragraph 13.7.

     4.6.4 [Intentionally Omitted]

     4.6.5 Claims and Timely Assertion of Claims. The party filing a notice of
     demand for arbitration must assert in the demand all Claims then known to
     that party on which arbitration is permitted to be demanded.

     4.6.6 Judgment on Final Award. The award rendered by the arbitrator or
     arbitrators shall be final, and judgment may be entered upon it in
     accordance with applicable law in any court having jurisdiction thereof.

ARTICLE 5 SUBCONTRACTORS
     5.1 DEFINITIONS
     5.1.1 A Subcontractor is a person or entity who has a direct contract with
     the Contractor to perform a portion of the Work at the site. The term
     "Subcontractor" is referred to throughout the Contract Documents as if
     singular in number and means a Subcontractor or an authorized
     representative of the Subcontractor. The term "Subcontractor" does not
     include a separate contractor or subcontractors of a separate contractor.

     5.1.2 A Sub-subcontractor is a person or entity who has a direct or
     indirect contract with a Subcontractor to perform a portion of the Work at
     the site. The term "Sub-subcontractor" is referred to throughout the
     Contract Documents as if singular in number and means a Sub-subcontractor
     or an authorized representative of the Sub-subcontractor.

     5.2 AWARD OF SUBCONTRACTS AND OTHER CONTRACTS FOR PORTIONS OF THE WORK
     5.2.1 Unless otherwise stated in the Contract Documents or the bidding
     requirements, the Contractor, as soon as practicable after award of the
     Contract, shall furnish in writing to the Owner through the Architect the
     names of persons or entities (including those who are to furnish materials
     or equipment fabricated to a special design) proposed for each principal
     portion of the Work. The Architect will promptly reply to the Contractor in
     writing stating whether or not the Owner or the Architect, after due
     investigation, has reasonable objection to any such proposed person or
     entity. Failure of the Owner or Architect to reply promptly shall
     constitute notice of no reasonable objection.

     5.2.2 The Contractor shall not contract with a proposed person or entity to
     whom the Owner or Architect has made reasonable and timely objection. The
     Contractor shall not be required to contract with anyone to whom the
     Contractor has made reasonable objection.

     5.2.3 If the Owner or Architect has reasonable objection to a person or
     entity proposed by the Contractor, the Contractor shall propose another to
     whom the Owner or Architect has no reasonable objection. If the proposed
     but rejected Subcontractor was reasonably capable of performing the Work,
     the Contract Sum and Contract Time shall be increased or decreased by the
     difference, if any, occasioned by such change, and an appropriate Change
     Order shall be issued before commencement of the substitute Subcontractor's
     Work. However, no increase in the Contract Sum or Contract Time shall be
     allowed for such change unless the Contractor has acted promptly and
     responsively in submitting names as required.

     5.2.4 The Contractor shall not change a Subcontractor, person or entity
     previously selected if the Owner or Architect makes reasonable objection to
     such substitute.

     5.3 SUBCONTRACTUAL RELATIONS
     5.3.1 By appropriate agreement, written where legally required for
     validity, the Contractor shall require each Subcontractor, to the extent of
     the Work to be performed by the Subcontractor, to be bound to the
     Contractor by terms of the Contract Documents, and to assume toward the
     Contractor all the obligations and responsibilities, including the
     responsibility for safety of the Subcontractor's Work, which the
     Contractor, by these Documents, assumes toward the Owner and Architect.
     Each subcontract agreement shall preserve and protect the rights of the
     Owner and Architect under the Contract Documents with respect to the Work
     to be performed by the Subcontractor so that subcontracting thereof will
     not prejudice such rights, and shall allow to the

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     Subcontractor, unless specifically provided otherwise in the subcontract
     agreement, the benefit of all rights, remedies and redress against the
     Contractor that the Contractor, by the Contract Documents, has against the
     Owner. Where appropriate, the Contractor shall require each Subcontractor
     to enter into similar agreements with Sub-subcontractors. The Contractor
     shall make available to each proposed Subcontractor, prior to the execution
     of the subcontract agreement, copies of the Contract Documents to which the
     Subcontractor will be bound, and, upon written request of the
     Subcontractor, identify to the Subcontractor terms and conditions of the
     proposed subcontract agreement which may be at variance with the Contract
     Documents. Subcontractors will similarly make copies of applicable portions
     of such documents available to their respective proposed
     Sub-subcontractors.

Insert E: 5.3.2 Notwithstanding any provision of Subparagraph 5.3.1, any part of
the Work performed for the Contractor by Subcontractor or its Sub-subcontractor
shall be pursuant to a written subcontract between the Contractor and such
Subcontractor. Each such subcontract shall, where the context so requires,
contain provisions that:

Insert F: 5.3.2.1 require that such Work be performed in accordance with the
requirements of the Contract Documents.

     5.4 CONTINGENT ASSIGNMENT OF SUBCONTRACTS
     5.4.1 Each subcontract agreement for a portion of the Work is assigned by
     the Contractor to the Owner provided that:

          .1   assignment is effective only after termination of the Contract by
               the Owner for cause pursuant to Paragraph 14.2 or for convenience
               pursuant to Paragraph 14.4 and only for those subcontract
               agreements which the Owner accepts by notifying the Subcontractor
               and Contractor in writing; and

          .2   assignment is subject to the prior rights of the surety, if any,
               obligated under bond relating to the Contract.

     5.4.2 Upon such assignment, if the Work has been suspended for more than 30
     days, the Subcontractor's compensation shall be equitably adjusted for
     increases in cost resulting from the suspension.

ARTICLE 6 CONSTRUCTION BY OWNER OR BY SEPARATE CONTRACTORS
     6.1 OWNER'S RIGHT TO PERFORM CONSTRUCTION AND TO AWARD SEPARATE CONTRACTS
     6.1.1 The Owner reserves the right to perform construction or operations
     related to the Project with the Owner's own forces, and to award separate
     contracts in connection with other portions of the Project or other
     construction or operations on the site. If the Contractor claims that delay
     or additional cost is involved because of such action by the Owner, the
     Contractor shall make such Claim as provided in Paragraph 4.3.

     6.1.2 When separate contracts are awarded for different portions of the
     Project or other construction or operations on the site, the term
     "Contractor" in the Contract Documents in each case shall mean the
     Contractor who executes each separate Owner-Contractor Agreement.

     6.1.3 The Owner shall provide for coordination of the activities of the
     Owner's own forces and of each separate contractor with the Work of the
     Contractor, who shall cooperate with them. The Contractor shall participate
     with other separate contractors and the Owner in reviewing their
     construction schedules when directed to do so. The Contractor shall make
     any revisions to the construction schedule deemed necessary after a joint
     review and mutual agreement. The construction schedules shall then
     constitute the schedules to be used by the Contractor, separate contractors
     and the Other until subsequently revised.

     6.1.4 Unless otherwise provided in the Contract Documents, when the Owner
     performs construction or operations related to the Project with the Owner's
     own forces, the Owner shall be deemed to be subject to the same obligations
     and to have the same rights which apply to the Contractor under the
     Conditions of the Contract, including, without excluding others, those
     stated in Article 3, this Article 6 and Articles 10, 11 and 12.

     6.2 MUTUAL RESPONSIBILITY
     6.2.1 The Contractor shall afford the Owner and separate contractors
     reasonable opportunity for introduction and storage of their materials and
     equipment and performance of their activities, and shall connect and
     coordinate the Contractor's construction and operations with theirs as
     required by the Contract Documents.

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     6.2.2 If part of the Contractor's Work depends for proper execution or
     results upon construction or operations by the Owner or a separate
     contractor, the Contractor shall, prior to proceeding with that portion of
     the Work, promptly report to the Architect and Owner apparent discrepancies
     or defects in such other construction that would render it unsuitable for
     such proper execution and results. Failure of the Contractor so to report
     shall constitute an acknowledgment that the Owner's or separate
     contractor's completed or partially completed construction is fit and
     proper to receive the Contractor's Work, except as to defects not then
     reasonably discoverable.

     6.2.3 The Owner shall be reimbursed by the Contractor for costs incurred by
     the Owner which are payable to a separate contractor because of delays,
     improperly timed activities or defective construction of the Contractor.
     The Owner shall be responsible to the Contractor for costs incurred by the
     Contractor because of delays, improperly timed activities, damage to the
     Work or defective construction of a separate contractor.

     6.2.4 The Contractor shall promptly remedy damage wrongfully caused by the
     Contractor to completed or partially completed construction or to property
     of the Owner or separate contractors as provided in Subparagraph 10.2.5.

     6.2.5 The Owner and each separate contractor shall have the same
     responsibilities for cutting and patching as are described for the
     Contractor in Subparagraph 3.14.

     6.3 OWNER'S RIGHT TO CLEAN UP
     6.3.1 If a dispute arises among the Contractor, separate contractors and
     the Owner as to the responsibility under their respective contracts for
     maintaining the premises and surrounding area free from waste materials and
     rubbish, the Owner may clean up and the Architect will allocate the cost
     among those responsible.

ARTICLE 7 CHANGES IN THE WORK
     7.1 GENERAL
     7.1.1 Changes in the Work may be accomplished after execution of the
     Contract, and without invalidating the Contract, by Change Order,
     Construction Change Directive or order for a minor change in the Work,
     subject to the limitations stated in this Article 7 and elsewhere in the
     Contract Documents.

     7.1.2 A Change Order shall be based upon agreement among the Owner,
     Contractor and Architect; a Construction Change Directive requires
     agreement by the Owner and Architect and may or may not be agreed to by the
     Contractor; an order for a minor change in the Work may be issued by the
     Architect alone.

     7.1.3 Changes in the Work shall be performed under applicable provisions of
     the Contract Documents, and the Contractor shall proceed promptly, unless
     otherwise provided in the Change Order, Construction Change Directive or
     order for a minor change in the Work.

     7.2  CHANGE ORDERS
     7.2.1 A Change Order is a written instrument prepared by the Architect and
     signed by the Owner, Contractor and Architect, stating their agreement upon
     all of the following:

          .1   change in the Work;

          .2   the amount of the adjustment, if any, in the Contract Sum; and

          .3   the extent of the adjustment, if any, in the Contract Time.

     7.2.2 Methods used in determining adjustments to the Contract Sum may
     include those listed in Subparagraph 7.3.3.

     7.3 CONSTRUCTION CHANGE DIRECTIVES
     7.3.1 A Construction Change Directive is a written order prepared by the
     Architect and signed by the Owner and Architect, directing a change in the
     Work prior to agreement on adjustment, if any, in the Contract Sum or
     Contract Time, or both. The

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     Owner may by Construction Change Directive, without invalidating the
     Contract, order changes in the Work within the general scope of the
     Contract consisting of additions, deletions or other revisions, the
     Contract Sum and Contract Time being adjusted accordingly.

     7.3.2 A Construction Change Directive shall be used in the absence of total
     agreement on the terms of a Change Order.

     7.3.3 If the Construction Change Directive provides for an adjustment to
     the Contract Sum, the adjustment shall be based on one of the following
     methods:

          .1   mutual acceptance of a lump sum properly itemized and supported
               by sufficient substantiating data to permit evaluation;

          .2   unit prices stated in the Contract Documents or subsequently
               agreed upon;

          .3   cost to be determined in a manner agreed upon by the parties and
               a mutually acceptable fixed or percentage fee; or

          .4   as provided in Subparagraph 7.3.6.

     7.3.4 Upon receipt of a Construction Change Directive, the Contractor shall
     promptly proceed with the change in the Work involved and advise the
     Architect and Owner of the Contractor's agreement or disagreement with the
     method, if any, provided in the Construction Change Directive for
     determining the proposed adjustment in the Contract Sum or Contract Time.

     7.3.5 A Construction Change Directive signed by the Contractor indicates
     the agreement of the Contractor therewith, including adjustment in Contract
     Sum and Contract Time or the method for determining them. Such agreement
     shall be effective immediately and shall be recorded as a Change Order.

     7.3.6 If the Contractor does not respond promptly or disagrees with the
     method for adjustment in the Contract Sum, the method and the adjustment
     shall be determined by the Owner on the basis of reasonable expenditures
     and savings of those performing the Work attributable to the change,
     including, in case of an increase in the Contract Sum, a reasonable
     allowance for overhead and profit. In such case, and also under Clause
     7.3.3.3, the Contractor shall keep and present, in such form as the Owner
     may prescribe, an itemized accounting together with appropriate supporting
     data. Unless otherwise provided in the Contract Documents, costs for the
     purposes of this Subparagraph 7.3.6 shall be limited to the following:

          .1   costs of labor, including social security, old age and
               unemployment insurance, fringe benefits required by agreement or
               custom, and workers' compensation insurance;

          .2   costs of materials, supplies and equipment, including cost of
               transportation, whether incorporated or consumed;

          .3   rental costs of machinery and equipment, exclusive of hand tools,
               whether rented from the Contractor or others;

          .4   costs of premiums for all bonds and insurance, permit fees, and
               sales, use or similar taxes related to the Work; and

          .5   additional costs of supervision and field office personnel
               directly attributable to the change.

     7.3.7 The amount of credit to be allowed by the Contractor to the Owner for
     a deletion or change which results in a net decrease in the Contract Sum
     shall be actual net cost as confirmed by the Owner. When both additions and
     credits covering related Work or substitutions are involved in a change,
     the allowance for overhead and profit shall be figured on the basis of net
     increase, if any, with respect to that change.

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     7.3.8 Pending final determination of the total cost of a Construction
     Change Directive to the Owner, amounts not in dispute for such changes in
     the Work shall be included in Applications for Payment accompanied by a
     Change Order indicating the parties' agreement with part or all of such
     costs.

     7.3.9 When the Owner and Contractor agree concerning the adjustments in the
     Contract Sum and Contract Time, or otherwise reach agreement upon the
     adjustments, such agreement shall be effective immediately and shall be
     recorded by preparation and execution of an appropriate Change Order.

     7.4 MINOR CHANGES IN THE WORK
     7.4.1 The Architect will have authority to order minor changes in the Work
     not involving adjustment in the Contract Sum or extension of the Contract
     Time and not inconsistent with the intent of the Contract Documents. Such
     changes shall be effected by written order and shall be binding on the
     Owner and Contractor. The Contractor shall carry out such written orders
     promptly.

ARTICLE 8 TIME
     8.1 DEFINITIONS
     8.1.1 Unless otherwise provided, Contract Time is the period of time,
     including authorized adjustments, allotted in the Contract Documents for
     Substantial Completion of the Work.

     8.1.2 The date of commencement of the Work is the date established in the
     Agreement.

     8.1.3 The date of Substantial Completion is the date certified by the
     Architect in accordance with Paragraph 9.8.

     8.1.4 The term "day" as used in the Contract Documents shall mean calendar
     day unless otherwise specifically defined.

     8.2 PROGRESS AND COMPLETION
     8.2.1 Time limits stated in the Contract Documents are of the essence of
     the Contract. By executing the Agreement the Contractor confirms that the
     Contract Time is a reasonable period for performing the Work.

     8.2.2 The Contractor shall not knowingly, except by agreement or
     instruction of the Owner in writing, prematurely commence operations on the
     site or elsewhere prior to the effective date of insurance required by
     Article 11 to be furnished by the Contractor and Owner. The date of
     commencement of the Work shall not be changed by the effective date of such
     insurance. Unless the date of commencement is established by the Contract
     Documents or a notice to proceed given by the Owner, the Contractor shall
     notify the Owner in writing not less than five days or other agreed period
     before commencing the Work to permit the timely filing of mortgages,
     mechanic's liens and other security interests.

     8.2.3 The Contractor shall proceed expeditiously with adequate forces and
     shall achieve Substantial Completion within the Contract Time.

     8.3 DELAYS AND EXTENSIONS OF TIME
     8.3.1 If the Contractor is delayed at any time in the commencement or
     progress of the Work by an act or neglect of the Owner or Architect, or of
     an employee of either, or of a separate contractor employed by the Owner,
     or by changes ordered in the Work, or by labor disputes, fire, unusual
     delay in deliveries, unavoidable casualties or other causes beyond the
     Contractor's control, or by delay authorized by the Owner pending mediation
     and arbitration, or by other causes which the Architect determines may
     justify delay, then the Contract Time shall be extended by Change Order for
     such reasonable time as the Architect may determine.

     8.3.2 Claims relating to time shall be made in accordance with applicable
     provisions of Paragraph 4.3. A copy of any claim for extension shall be
     delivered to the Owner, and the Contractor shall immediately take all steps
     reasonably possible to lessen the adverse impact of such delay on Owner.

     8.3.3 This Paragraph 8.3 does not preclude recovery of damages for delay by
     either party under other provisions of the Contract Documents.

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ARTICLE 9 PAYMENTS AND COMPLETION
     9.1 CONTRACT SUM
     9.1.1 The Contract Sum is stated in the Agreement and, including authorized
     adjustments, is the total amount payable by the Owner to the Contractor for
     performance of the Work under the Contract Documents.

     9.2 SCHEDULE OF VALUES
     9.2.1 Before the first Application for Payment, the Contractor shall submit
     to the Architect and Owner a schedule of values allocated to various
     portions of the Work, prepared in such form and supported by such data to
     substantiate its accuracy as the Architect may require. This schedule,
     unless objected to by the Architect and Owner, shall be used as a basis for
     reviewing the Contractor's Applications for Payment.

     9.3 APPLICATIONS FOR PAYMENT
     9.3.1 At least ten days before the date established for each progress
     payment, the Contractor shall submit to the Architect and Owner an itemized
     Application for Payment for operations completed in accordance with the
     schedule of values. Such application shall be notarized, if required, and
     supported by such data substantiating the Contractor's right to payment as
     the Owner or Architect may require, such as copies of requisitions from
     Subcontractors and material suppliers, and reflecting retainage if provided
     for in the Contract Documents.

     9.3.1.1 As provided in Subparagraph 7.3.8, such applications may include
     requests for payment on account of changes in the Work which have been
     properly authorized by Construction Change Directives, but not yet included
     in Change Orders.

     9.3.1.2 Such applications may not include requests for payment for portions
     of the Work for which the Contractor does not intend to pay to a
     Subcontractor or material supplier, unless such Work has been performed by
     others whom the Contractor intends to pay.

     9.3.2 Unless otherwise provided in the Contract Documents, payments shall
     be made on account of materials and equipment delivered and suitably stored
     at the site for subsequent incorporation in the Work. If approved in
     advance by the Owner, payment may similarly be made for materials and
     equipment suitably stored off the site at a location agreed upon in
     writing. Payment for materials and equipment stored on or off the site
     shall be conditioned upon compliance by the Contractor with procedures
     satisfactory to the Owner to establish the Owner's title to such materials
     and equipment or otherwise protect the Owner's interest, and shall include
     the costs of applicable insurance, storage and transportation to the site
     for such materials and equipment stored off the site.

     9.3.3 The Contractor warrants that title to all Work covered by an
     Application for Payment will pass to the Owner no later than the time of
     payment. The Contractor further warrants that upon submittal of an
     Application for Payment all Work for which Certificates for Payment have
     been previously issued and payments received from the Owner shall, to the
     best of the Contractor's knowledge, information and belief, be free and
     clear of liens, claims, security interests or encumbrances in favor of the
     Contractor, Subcontractors, material suppliers, or other persons or
     entities making a claim by reason of having provided labor, materials and
     equipment relating to the Work.

     9.4 CERTIFICATES FOR PAYMENT
     9.4.1 The Architect will, within seven days after receipt of the
     Contractor's Application for Payment, either issue to the Owner a
     Certificate for Payment, with a copy to the Contractor, for such amount as
     the Architect determines is properly due, or notify the Contractor and
     Owner in writing of the Architect's reasons for withholding certification
     in whole or in part as provided in Subparagraph 9.5.1.

     9.4.2 The issuance of a Certificate for Payment will constitute a
     representation by the Architect to the Owner, based on the Architect's
     evaluation of the Work and the data comprising the Application for Payment,
     that the Work has progressed to the point indicated and that, to the best
     of the Architect's knowledge, information and belief, the quality of the
     Work is in accordance with the Contract Documents. The foregoing
     representations are subject to an evaluation of the Work for conformance
     with the Contract Documents upon Substantial Completion, to results of
     subsequent tests and inspections, to correction of minor deviations from
     the Contract Documents prior to completion and to specific qualifications
     expressed by the Architect. The issuance of a Certificate for Payment will
     further constitute a representation that the Contractor is entitled to
     payment in the

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     amount certified. However, the issuance of a Certificate for Payment will
     not be a representation that the Architect has (1) made exhaustive or
     continuous on-site inspections to check the quality or quantity of the
     Work, (2) reviewed construction means, methods, techniques, sequences or
     procedures, (3) reviewed copies of requisitions received from
     Subcontractors and material suppliers and other data requested by the Owner
     to substantiate the Contractor's right to payment, or (4) made examination
     to ascertain how or for what purpose the Contractor has used money
     previously paid on account of the Contract Sum.

     9.5 DECISIONS TO WITHHOLD CERTIFICATION
     The Architect may withhold a Certificate for Payment in whole or in part,
     to the extent reasonably necessary to protect the Owner, if in the
     Architect's opinion the representations to the Owner required by
     Subparagraph 9.4.2 cannot be made. If the Architect is unable to certify
     payment in the amount of the Application, the Architect will notify the
     Contractor and Owner as provided in Subparagraph 9.4.1. If the Contractor
     and Architect cannot agree on a revised amount, the Architect will promptly
     issue a Certificate for Payment for the amount for which the Architect is
     able to make such representations to the Owner. The Architect may also
     withhold a Certificate for Payment or, because of subsequently discovered
     evidence, may nullify the whole or a part of a Certificate for Payment
     previously issued, to such extent as may be necessary in the Architect's
     opinion to protect the Owner from loss for which the Contractor is
     responsible, including loss resulting from acts and omissions described in
     Subparagraph 3.3.2, because of:

          .1   defective Work not remedied;

          .2   third party claims filed or reasonable evidence indicating
               probable filing of such claims unless security acceptable to the
               Owner is provided by the Contractor;

          .3   failure of the Contractor to make payments properly to
               Subcontractors or for labor, materials or equipment;

          .4   reasonable evidence that the Work cannot be completed for the
               unpaid balance of the Contract Sum;

          .5   damage to the Owner or another contractor;

          .6   reasonable evidence that the Work will not be completed within
               the Contract Time, and that the unpaid balance would not be
               adequate to cover actual or liquidated damages for the
               anticipated delay; or

          .7   persistent failure to carry out the Work in accordance with the
               Contract Documents.

     9.5.2 When the above reasons for withholding certification are removed,
     certification will be made for amounts previously withheld.

     9.6 PROGRESS PAYMENTS
     9.6.1 After the Architect has issued a Certificate for Payment, the Owner
     shall make payment in the manner and within the time provided in the
     Contract Documents, and shall so notify the Architect.

     9.6.2 The Contractor shall promptly pay each Subcontractor, upon receipt of
     payment from the Owner, out of the amount paid to the Contractor on account
     of such Subcontractor's portion of the Work, the amount to which said
     Subcontractor is entitled, reflecting percentages actually retained from
     payments to the Contractor on account of such Subcontractor's portion of
     the Work. The Contractor shall, by appropriate agreement with each
     Subcontractor, require each Subcontractor to make payments to
     Sub-subcontractors in a similar manner.

     9.6.3 The Architect will, on request, furnish to a Subcontractor, if
     practicable, information regarding percentages of completion or amounts
     applied for by the Contractor and action taken thereon by the Architect and
     Owner on account of portions of the Work done by such Subcontractor.

     9.6.4 Neither the Owner nor Architect shall have an obligation to pay or to
     see to the payment of money to a Subcontractor except as may otherwise be
     required by law.

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     9.6.5 Payment to material suppliers shall be treated in a manner similar to
     that provided in Subparagraphs 9.6.2, 9.6.3 and 9.6.4.

     9.6.6 A Certificate for Payment, a progress payment, or partial or entire
     use or occupancy of the Project by the Owner shall not constitute
     acceptance of Work not in accordance with the Contract Documents.

     9.6.7 Unless the Contractor provides the Owner with a payment bond in the
     full penal sum of the Contract Sum, payments received by the Contractor for
     Work properly performed by Subcontractors and suppliers shall be held by
     the Contractor for those Subcontractors or suppliers who performed Work or
     furnished materials, or both, under contract with the Contractor for which
     payment was made by the Owner. Nothing contained herein shall require money
     to be placed in a separate account and not commingled with money of the
     Contractor, shall create any fiduciary liability or tort liability on the
     part of the Contractor for breach of trust or shall entitle any person or
     entity to an award of punitive damages against the Contractor for breach of
     the requirements of this provision.

Insert G: Contractor shall deliver to Owner a partial release on a form
acceptable to the Owner upon submission of each Certificate for Payment.

     9.7 FAILURE OF PAYMENT
     9.7.1 If the Architect does not issue a Certificate for Payment, through no
     fault of the Contractor, within seven days after receipt of the
     Contractor's Application for Payment, or if the Owner does not pay the
     Contractor within seven days after the date established in the Contract
     Documents the amount certified by the Architect or awarded by arbitration,
     then the Contractor may, upon seven additional days' written notice to the
     Owner and Architect, stop the Work until payment of the amount owing has
     been received. The Contract Time shall be extended appropriately and the
     Contract Sum shall be increased by the amount of the Contractor's
     reasonable costs of shut-down, delay and start-up, plus interest as
     provided for in the Contract Documents. The Contractor shall not stop the
     Work during the pendency of a bona fide dispute not involving Contractor
     payment between the Owner and the Contractor.

     9.8 SUBSTANTIAL COMPLETION
     9.8.1 Substantial Completion is the stage in the progress of the Work when
     the Work or designated portion thereof is sufficiently complete in
     accordance with the Contract Documents and when all required occupancy
     permits within the Contract of the Contractor, if any, have been issued so
     that the Owner can occupy or utilize the Work for its intended use.

     9.8.2 When the Contractor considers that the Work, or a portion thereof
     which the Owner agrees to accept separately, is substantially complete, the
     Contractor shall prepare and submit to the Architect a comprehensive list
     of items to be completed or corrected prior to final payment. Failure to
     include an item on such list does not alter the responsibility of the
     Contractor to complete all Work in accordance with the Contract Documents.

     9.8.3 Upon receipt of the Contractor's list, the Architect will make an
     inspection to determine whether the Work or designated portion thereof is
     substantially complete. If the Architect's inspection discloses any item,
     whether or not included on the Contractor's list, which is not sufficiently
     complete in accordance with the Contract Documents so that the Owner can
     occupy or utilize the Work or designated portion thereof for its intended
     use, the Contractor shall, before issuance of the Certificate of
     Substantial Completion, complete or correct such item upon notification by
     the Architect. In such case, the Contractor shall then submit a request for
     another inspection by the Architect to determine Substantial Completion.

     9.8.4 When the Work or designated portion thereof is substantially
     complete, the Architect will prepare a Certificate of Substantial
     Completion which shall establish the date of Substantial Completion, shall
     establish responsibilities of the Owner and Contractor for security,
     maintenance, heat, utilities, damage to the Work and insurance, and shall
     fix the time within which the Contractor shall finish all items on the list
     accompanying the Certificate. Warranties required by the Contract Documents
     shall commence on the date of Substantial Completion of the Work or
     designated portion thereof unless otherwise provided in the Certificate of
     Substantial Completion. After substantial completion, the Contractor shall
     secure and deliver to the Owner written warranties and guarantees from its
     Subcontractors, Sub-subcontractors and suppliers bearing the date of
     Substantial Completion or some other date as may be agreed to by the
     contract documents. The Contractor is responsible for the warranty of all
     Work, whether performed by it or by its subcontractors at any time. The
     Contractor shall assemble for the Architect's approval three

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     complete copies in looseleaf binders of all operating and maintenance data
     from all manufacturers whose equipment or material is or will be installed
     in the work, including names, addresses, and telephone numbers of
     subcontractors, service organizations, manufacturers, and sourcs for supply
     of parts. The Contractor shall also prepare a checklist or schedule showing
     the type of lubricant to be used at each point of application, and the
     intervals between lubrication for each item or equipment.

     9.8.5 The Certificate of Substantial Completion shall be submitted to the
     Owner and Contractor for their written acceptance of responsibilities
     assigned to them in such Certificate. Upon such acceptance and consent of
     surety, if any, the Owner shall make payment of retainage applying to such
     Work or designated portion thereof. Such payment shall be adjusted for Work
     that is incomplete or not in accordance with the requirements of the
     Contract Documents.

     9.9 PARTIAL OCCUPANCY OR USE
     9.9.1 The Owner may occupy or use any completed or partially completed
     portion of the Work at any stage when such portion is designated by
     separate agreement with the Contractor, provided such occupancy or use is
     consented to by the insurer as required under Clause 11.4.1.5 and
     authorized by public authorities having jurisdiction over the Work. Such
     partial occupancy or use may commence whether or not the portion is
     substantially complete, provided the Owner and Contractor have accepted in
     writing the responsibilities assigned to each of them for payments,
     retainage, if any, security, maintenance, heat, utilities, damage to the
     Work and insurance, and have agreed in writing concerning the period for
     correction of the Work and commencement of warranties required by the
     Contract Documents. When the Contractor considers a portion substantially
     complete, the Contractor shall prepare and submit a list to the Architect
     as provided under Subparagraph 9.8.2. Consent of the Contractor to partial
     occupancy or use shall not be unreasonably withheld. The stage of the
     progress of the Work shall be determined by written agreement between the
     Owner and Contractor or, if no agreement is reached, by decision of the
     Architect.

     9.9.2 Immediately prior to such partial occupancy or use, the Owner,
     Contractor and Architect shall jointly inspect the area to be occupied or
     portion of the Work to be used in order to determine and record the
     condition of the Work.

     9.9.3 Unless otherwise agreed upon, partial occupancy or use of a portion
     or portions of the Work shall not constitute acceptance of Work not
     complying with the requirements of the Contract Documents.

     9.10 FINAL COMPLETION AND FINAL PAYMENT
     9.10.1 Upon receipt of written notice that the Work is ready for final
     inspection and acceptance and upon receipt of a final Application for
     Payment, the Architect will promptly make such inspection and, when the
     Architect finds the Work acceptable under the Contract Documents and the
     Contract fully performed, the Architect will promptly issue a final
     Certificate for Payment stating that to the best of the Architect's
     knowledge, information and belief, and on the basis of the Architect's
     on-site visits and inspections, the Work has been completed in accordance
     with terms and conditions of the Contract Documents and that the entire
     balance found to be due the Contractor and noted in the final Certificate
     is due and payable. The Architect's final Certificate for Payment will
     constitute a further representation that conditions listed in Subparagraph
     9.10.2 as precedent to the Contractor's being entitled to final payment
     have been fulfilled.

     9.10.2 Neither final payment nor any remaining retained percentage shall
     become due until the Contractor submits to the Architect (1) an affidavit
     that payrolls, bills for materials and equipment, and other indebtedness
     connected with the Work for which the Owner or the Owner's property might
     be responsible or encumbered (less amounts withheld by Owner) have been
     paid or or will be paid as follows: (i) with respect to previous
     Applications for Payment for which the Contractor has been paid in full,
     such indebtedness has been paid or otherwise satisfied and (ii) with
     respect to the Application for Final Payment or other Applications for
     Payment for which the Contractor has not received full payment, such
     indebtedness will be paid only, as a condition precedent, promptly after
     the Contractor's actual receipt of full payment from the Owner, (2) a
     certificate evidencing that insurance required by the Contract Documents to
     remain in force after final payment is currently in effect and will not be
     canceled or allowed to expire until at least 30 days' prior written notice
     has been given to the Owner, (3) a written statement that the Contractor
     knows of no substantial reason that the insurance will not be renewable to
     cover the period required by the Contract Documents, (4) consent of surety,
     if any, to final payment and (5), if required by the Owner, other data
     establishing payment or satisfaction of obligations, such as receipts,
     releases and waivers of liens, claims, security interests or encumbrances
     arising out of the Contract, to the extent and in such form as may be
     designated by the Owner. If a Subcontractor refuses to furnish a release or
     waiver required by the Owner, the Contractor may furnish a bond
     satisfactory to the Owner to indemnify the

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     Owner against such lien. If such lien remains unsatisfied after payments
     are made, the Contractor shall refund to the Owner all money that the Owner
     may be compelled to pay in discharging such lien, including all costs and
     reasonable attorneys' fees.

     9.10.3 If, after Substantial Completion of the Work, final completion
     thereof is materially delayed through no fault of the Contractor or by
     issuance of Change Orders affecting final completion, and the Architect so
     confirms, the Owner shall, upon application by the Contractor and
     certification by the Architect, and without terminating the Contract, make
     payment of the balance due for that portion of the Work fully completed and
     accepted. If the remaining balance for Work not fully completed or
     corrected is less than retainage stipulated in the Contract Documents, and
     if bonds have been furnished, the written consent of surety to payment of
     the balance due for that portion of the Work fully completed and accepted
     shall be submitted by the Contractor to the Architect prior to
     certification of such payment. Such payment shall be made under terms and
     conditions governing final payment, except that it shall not constitute a
     waiver of claims.

     9.10.4 The making of final payment shall constitute a waiver of Claims by
     the Owner except those arising from:

          .1   liens, Claims, security interests or encumbrances arising out of
               the Contract and unsettled;

          .2   failure of the Work to comply with the requirements of the
               Contract Documents; or

          .3   terms of special warranties required by the Contract Documents.

     9.10.5 Acceptance of final payment by the Contractor, a Subcontractor or
     material supplier shall constitute a waiver of claims by that payee except
     those previously made in writing and identified by that payee as unsettled
     at the time of final Application for payment. Contractor shall deliver to
     Owner a final release on a form acceptable to the Owner upon receipt of
     final payment.

Insert H: 9.11 CONDITIONED PAYMENTS
Insert I:
Insert J: 9.11.1 Nothing in the Agreement or other Contract Documents is
intended not may be construed to waive, abridge, or adversely affect the
Contractor's right to make the Contractor's actual receipt of payment from the
Owner a condition precedent to the Contractor's payment (whether progress,
final, or any other payment) to Subcontractors, suppliers, or other contractees.
If the Contractor or its contractees are required to submit affidavits of
Payment, waivers of rights, releases of claims, or the like, such requirements
will not be deemed effective as to unpaid contract balances and retainage until
same are actually received by the Contractor from the Owner.

ARTICLE 10 PROTECTION OF PERSONS AND PROPERTY
     10.1 SAFETY PRECAUTIONS AND PROGRAMS
     10.1.1 The Contractor shall be responsible for initiating, maintaining and
     supervising all safety precautions and programs in connection with the
     performance of the Contract.

     10.2 SAFETY OF PERSONS AND PROPERTY
     10.2.1 The Contractor shall take reasonable precautions for safety of and
     shall provide reasonable protection to prevent damage, injury or loss to:

          .1   employees on the Work and other persons who may be affected
               thereby;

          .2   the Work and materials and equipment to be incorporated therein,
               whether in storage on or off the site, under care, custody or
               control of the Contractor or the Contractor's Subcontractors or
               Sub-subcontractors; and

          .3   other property at the site or adjacent thereto, such as trees,
               shrubs, lawns, walks, pavements, roadways, structures and
               utilities not designated for removal, relocation or replacement
               in the course of construction.

     10.2.2 The Contractor shall give notices and comply with applicable laws,
     ordinances, rules, regulations and lawful orders of public authorities
     bearing on safety of persons or property or their protection from damage,
     injury or loss.

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     10.2.3 The Contractor shall erect and maintain, as required by existing
     conditions and performance of the Contract, reasonable safeguards for
     safety and protection, including posting danger signs and other warnings
     against hazards, promulgating safety regulations and notifying owners and
     users of adjacent sites and utilities.

     10.2.4 When use or storage of explosives or other hazardous materials or
     equipment or unusual methods are necessary for execution of the Work, the
     Contractor shall exercise utmost care and carry on such activities under
     supervision of properly qualified personnel.

     10.2.5 The Contractor shall promptly remedy damage and loss (other than
     damage or loss insured under property insurance required by the Contract
     Documents) to property referred to in Clauses 10.2.1.2 and 10.2.1.3 caused
     in whole or in part by the Contractor, a Subcontractor, a
     Sub-subcontractor, or anyone directly or indirectly employed by any of
     them, or by anyone for whose acts they may be liable and for which the
     Contractor is responsible under Clauses 10.2.1.2 and 10.2.1.3, except
     damage or loss attributable to acts or omissions of the Owner or Architect
     or anyone directly or indirectly employed by either of them, or by anyone
     for whose acts either of them may be liable, and not attributable to the
     fault or negligence of the Contractor. The foregoing obligations of the
     Contractor are in addition to the Contractor's obligations under
     Paragraph 3.18.

     10.2.6 The Contractor shall designate a responsible member of the
     Contractor's organization at the site whose duty shall be the prevention of
     accidents. This person shall be the Contractor's superintendent unless
     otherwise designated by the Contractor in writing to the Owner and
     Architect.

     10.2.7 The Contractor shall not load or permit any part of the construction
     or site to be loaded so as to endanger its safety.

     10.3 HAZARDOUS MATERIALS
     10.3.1 If reasonable precautions will be inadequate to prevent foreseeable
     bodily injury or death to persons resulting from a material or substance,
     including but not limited to asbestos or polychlorinated biphenyl (PCB),
     encountered on the site by the Contractor, the Contractor shall, upon
     recognizing the condition, immediately stop Work in the affected area and
     report the condition to the Owner and Architect in writing.

     10.3.2 The Owner shall obtain the services of a licensed laboratory to
     verify the presence or absence of the material or substance reported by the
     Contractor and, in the event such material or substance is found to be
     present, to verify that it has been rendered harmless. Unless otherwise
     required by the Contract Documents, the Owner shall furnish in writing to
     the Contractor and Architect the names and qualifications of persons or
     entities who are to perform tests verifying the presence or absence of such
     material or substance or who are to perform the task of removal or safe
     containment of such material or substance. The Contractor and the Architect
     will promptly reply to the Owner in writing stating whether or not either
     has reasonable objection to the persons or entities proposed by the Owner.
     If either the Contractor or Architect has an objection to a person or
     entity proposed by the Owner, the Owner shall propose another to whom the
     Contractor and the Architect have no reasonable objection. When the
     material or substance has been rendered harmless, Work in the affected area
     shall resume upon written agreement of the Owner and Contractor. The
     Contract Time shall be extended appropriately and the Contract Sum shall be
     increased in the amount of the Contractor's reasonable additional costs of
     shut-down, delay and start-up, which adjustments shall be accomplished as
     provided in Article 7.

     10.3.3 To the fullest extent permitted by law, the Owner shall indemnify
     and hold harmless the Contractor, Subcontractors, Architect, Architect's
     consultants and agents and employees of any of them from and against
     claims, damages, losses and expenses, including but not limited to
     attorneys' fees, arising out of or resulting from performance of the Work
     in the affected area if in fact the material or substance presents the risk
     of bodily injury or death as described in Subparagraph 10.3.1 and has not
     been rendered harmless, provided that such claim, damage, loss or expense
     is attributable to bodily injury, sickness, disease or death, or to injury
     to or destruction of tangible property (other than the Work itself) and
     provided that such damage, loss or expense is not due to the sole
     negligence of a party seeking indemnity.

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     10.4 The Owner shall not be responsible under Paragraph 10.3 for materials
     and substances brought to the site by the Contractor unless such materials
     or substances were required by the Contract Documents.

     10.5 If, without negligence on the part of the Contractor, the Contractor
     is held liable for the cost of remediation of a hazardous material or
     substance solely by reason of performing Work as required by the Contract
     Documents, the Owner shall indemnify the Contractor for all cost and
     expense thereby incurred.

     10.6 EMERGENCIES
     10.6.1 In an emergency affecting safety of persons or property, the
     Contractor shall act, at the Contractor's discretion, to prevent threatened
     damage, injury or loss. Additional compensation or extension of time
     claimed by the Contractor on account of an emergency shall be determined as
     provided in Paragraph 4.3 and Article 7.

ARTICLE 11 INSURANCE AND BONDS
     11.1 CONTRACTOR'S LIABILITY INSURANCE
     11.1.1 The Contractor shall purchase from and maintain in a company or
     companies lawfully authorized to do business in the jurisdiction in which
     the Project is located and acceptable to Owner such insurance as will
     protect the Contractor from claims set forth below which may arise out of
     or result from the Contractor's operations under the Contract and for which
     the Contractor may be legally liable, whether such operations be by the
     Contractor or by a Subcontractor or by anyone directly or indirectly
     employed by any of them, or by anyone for whose acts any of them may be
     liable:

          .1   claims under workers' compensation, disability benefit and other
               similar employee benefit acts which are applicable to the Work to
               be performed;

          .2   claims for damages because of bodily injury, occupational
               sickness or disease, or death of the Contractor's employees;

          .3   claims for damages because of bodily injury, sickness or disease,
               or death of any person other than the Contractor's employees;

          .4   claims for damages insured by usual personal injury liability
               coverage;

          .5   claims for damages, other than to the Work itself, because of
               injury to or destruction of tangible property, including loss of
               use resulting therefrom;

          .6   claims for damages because of bodily injury, death of a person or
               property damage arising out of ownership, maintenance or use of a
               motor vehicle;

          .7   claims for bodily injury or property damage arising out of
               completed operations; and

          .8   claims involving contractual liability insurance applicable to
               the Contractor's obligations under Paragraph 3.18.

     11.1.2 The insurance required by Subparagraph 11.1.1 shall be written for
     not less than limits of liability specified in the Contract Documents or
     required by law, whichever coverage is greater. Coverages, whether written
     on an occurrence or claims-made basis, shall be maintained without
     interruption from date of commencement of the Work until date of final
     payment and termination of any coverage required to be maintained after
     final payment.

     11.1.3 Certificates of insurance acceptable to the Owner shall be filed
     with the Owner prior to commencement of the Work. These certificates and
     the insurance policies required by this Paragraph 11.1 shall contain a
     provision that coverages afforded under the policies will not be canceled
     or allowed to expire until at least 30 days' prior written notice has been
     given to the Owner. If any of the foregoing insurance coverages are
     required to remain in force after final payment and are reasonably
     available, an additional certificate evidencing continuation of such
     coverage shall be submitted with the final Application for Payment as
     required by Subparagraph 9.10.2. Information concerning reduction of
     coverage on account of revised limits or

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     claims paid under the General Aggregate, or both, shall be furnished by the
     Contractor with reasonable promptness in accordance with the Contractor's
     information and belief.

     11.2 OWNER'S LIABILITY INSURANCE
     11.2.1 The Owner shall be responsible for purchasing and maintaining the
     Owner's usual liability insurance.

     11.3 PROJECT MANAGEMENT PROTECTIVE LIABILITY INSURANCE
     11.3.1 Optionally, the Owner may require the Contractor to purchase and
     maintain Project Management Protective Liability insurance from the
     Contractor's usual sources as primary coverage for the Owner's,
     Contractor's and Architect's vicarious liability for construction
     operations under the Contract. Unless otherwise required by the Contract
     Documents, the Owner shall reimburse the Contractor by increasing the
     Contract Sum to pay the cost of purchasing and maintaining such optional
     insurance coverage, and the Contractor shall not be responsible for
     purchasing any other liability insurance on behalf of the Owner. The
     minimum limits of liability purchased with such coverage shall be equal to
     the aggregate of the limits required for Contractor's Liability Insurance
     under Clauses 11.1.1.2 through 11.1.1.5.

     11.3.2 To the extent damages are covered by Project Management Protective
     Liability insurance, the Owner, Contractor and Architect waive all rights
     against each other for damages, except such rights as they may have to the
     proceeds of such insurance. The policy shall provide for such waivers of
     subrogation by endorsement or otherwise.

     11.3.3 The Owner shall not require the Contractor to include the Owner,
     Architect or other persons or entities as additional insureds on the
     Contractor's Liability Insurance coverage under Paragraph 11.1.

     11.4 PROPERTY INSURANCE
     11.4.1 Unless otherwise provided, the Owner shall purchase and maintain, in
     a company or companies lawfully authorized to do business in the
     jurisdiction in which the Project is located, property insurance written on
     a builder's risk "all-risk" or equivalent policy form in the amount of the
     initial Contract Sum, plus value of subsequent Contract modifications and
     cost of materials supplied or installed by others, comprising total value
     for the entire Project at the site on a replacement cost basis without
     optional deductibles. Such property insurance shall be maintained, unless
     otherwise provided in the Contract Documents or otherwise agreed in writing
     by Owner and Contractor, until final payment has been made as provided in
     Paragraph 9.10 to be covered, whichever is later. This insurance shall
     include interests of the Owner, the Contractor, Subcontractors and
     Sub-subcontractors in the Project.

     11.4.1.1 Property insurance shall be on an "all-risk" or equivalent policy
     form and shall include, without limitation, insurance against the perils of
     fire (with extended coverage) and physical loss or damage including,
     without duplication of coverage, theft, vandalism, malicious mischief,
     collapse, earthquake, flood, windstorm, falsework, testing and startup,
     temporary buildings and debris removal including demolition occasioned by
     enforcement of any applicable legal requirements, and shall cover
     reasonable compensation for Architect's and Contractor's services and
     expenses required as a result of such insured loss.

     11.4.1.2 If the Owner does not intend to purchase such property insurance
     required by the Contract and with all of the coverages in the amount
     described above, the Owner shall so inform the Contractor in writing prior
     to commencement of the Work. The Contractor may then effect insurance which
     will protect the interests of the Contractor, Subcontractors and
     Sub-subcontractors in the work, and by appropriate Change Order the cost
     thereof shall be charged to the Owner. If the Contractor is damaged by the
     failure or neglect of the Owner to purchase or maintain insurance as
     described above, without so notifying the Contractor in writing, then the
     Owner shall bear all reasonable costs properly attributable thereto.

     11.4.1.3 If the property insurance requires deductibles, the Owner shall
     pay costs in excess of $1,000.00 not covered because of such deductibles
     and Contractor shall be responsible for the first $1,000.00 of the
     deductible for a claim of property damage under the Builder's Risk or
     equivalent policy.

     11.4.1.4 This property insurance shall cover portions of the Work stored
     off the site, and also portions of the Work in transit.

     11.4.1.5 Partial occupancy or use in accordance with Paragraph 9.9 shall
     not commence until the insurance company or companies providing property
     insurance have consented to such partial occupancy or use by endorsement or
     otherwise. The

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     Owner and the Contractor shall take reasonable steps to obtain consent of
     the insurance company or companies and shall, without mutual written
     consent, take no action with respect to partial occupancy or use that would
     cause cancellation, lapse or reduction of insurance.

     11.4.2 BOILER AND MACHINERY INSURANCE. The Owner shall purchase and
     maintain boiler and machinery insurance required by the Contract Documents
     or by law, which shall specifically cover such insured objects during
     installation and until final acceptance by the Owner; this insurance shall
     include interests of the Owner, Contractor, Subcontractors and
     Sub-subcontractors in the Work, and the Owner and Contractor shall be named
     insureds.

     11.4.3 LOSS OF USE INSURANCE. The Owner, at the Owner's option, may
     purchase and maintain such insurance as will insure the Owner against loss
     of use of the Owner's property due to fire or other hazards, however
     caused. The Owner waives all rights of action against the Contractor for
     loss of use of the Owner's property, including consequential losses due to
     fire or other hazards however caused.

     11.4.4 If the Contractor requests in writing that insurance for risks other
     than those described herein or other special causes of loss be included in
     the property insurance policy, the Owner shall, if possible, include such
     insurance, and the cost thereof shall be charged to the Contractor by
     appropriate Change Order.

     11.4.5 If during the Project construction period the Owner insures
     properties, real or personal or both, at or adjacent to the site by
     property insurance under policies separate from those insuring the Project,
     or if after final payment property insurance is to be provided on the
     completed Project through a policy or policies other than those insuring
     the Project during the construction period, the Owner shall waive all
     rights in accordance with the terms of Subparagraph 11.4.7 for damages
     caused by fire or other causes of loss covered by this separate property
     insurance. All separate policies shall provide this waiver of subrogation
     by endorsement or otherwise.

     11.4.6 Before an exposure to loss may occur, the Owner shall file with the
     Contractor a copy of each policy that includes insurance coverages required
     by this Paragraph 11.4. Each policy shall contain all generally applicable
     conditions, definitions, exclusions and endorsements related to this
     Project. Each policy shall contain a provision that the policy will not be
     canceled or allowed to expire, and that its limits will not be reduced,
     until at least 30 days' prior written notice has been given to the
     Contractor.

     11.4.7 WAIVERS OF SUBROGATION. The Owner and Contractor waive all rights
     against (1) each other and any of their subcontractors, sub-subcontractors,
     agents and employees, each of the other, and (2) the Architect, Architect's
     consultants, separate contractors described in Article 6, if any, and any
     of their subcontractors, sub-subcontractors, agents and employees, for
     damages caused by fire or other causes of loss to the extent covered by
     property insurance obtained pursuant to this Paragraph 11.4 or other
     property insurance applicable to the Work, except such rights as they have
     to proceeds of such insurance held by the Owner as fiduciary. The Owner or
     Contractor, as appropriate, shall require of the Architect, Architect's
     consultants, separate contractors described in Article 6, if any, and the
     subcontractors, sub-subcontractors, agents and employees of any of them, by
     appropriate agreements, written where legally required for validity,
     similar waivers each in favor of other parties enumerated herein. The
     policies shall provide such waivers of subrogation by endorsement or
     otherwise. A waiver of subrogation shall be effective as to a person or
     entity even though that person or entity would otherwise have a duty of
     indemnification, contractual or otherwise, did not pay the insurance
     premium directly or indirectly and whether or nor the person or entity had
     an insurable interest in the property damaged.

     11.4.8 A loss insured under Owner's property insurance shall be adjusted by
     the Owner as fiduciary and made payable to the Owner as fiduciary for the
     insureds, as their interests may appear, subject to requirements of any
     applicable mortgagee clause and of Subparagraph 11.4.10. The Contractor
     shall pay Subcontractors their just shares of insurance proceeds received
     by the Contractor, and by appropriate agreements, written where legally
     required for validity, shall require Subcontractors to make payments to
     their Sub-subcontractors in similar manner.

     11.4.9 If required in writing by a party in interest, the Owner as
     fiduciary shall, upon occurrence of an insured loss, give bond for proper
     performance of the Owner's duties. The cost of required bonds shall be
     charged against proceeds received as fiduciary. The Owner shall deposit in
     a separate account proceeds so received, which the Owner shall distribute
     in accordance with such

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     agreement as the parties in interest may reach, or in accordance with an
     arbitration award in which case the procedure shall be as provided in
     Paragraph 4.6. If after such loss no other special agreement is made and
     unless the Owner terminates the Contract for convenience, replacement of
     damaged property shall be performed by the Contractor after notification of
     a Change in the Work in accordance with Article 7.

     11.4.10 The Owner as fiduciary shall have power to adjust and settle a loss
     with insurers unless one of the parties in interest shall object in writing
     within five days after occurrence of loss to the Owner's exercise of this
     power; if such objection is made, the dispute shall be resolved as provided
     in Paragraphs 4.5 and 4.6. The Owner as fiduciary shall, in the case of
     arbitration, make settlement with insurers in accordance with directions of
     the arbitrators. If distribution of insurance proceeds by arbitration is
     required, the arbitrators will direct such distribution.

     11.5 PERFORMANCE BOND AND PAYMENT BOND
     11.5.1 The Owner shall have the right to require the Contractor to furnish
     bonds covering faithful performance of the Contract and payment of
     obligations arising thereunder as stipulated in bidding requirements or
     specifically required in the Contract Documents on the date of execution of
     the Contract.

     11.5.2 Upon the request of any person or entity appearing to be a potential
     beneficiary of bonds covering payment of obligations arising under the
     Contract, the Contractor shall promptly furnish a copy of the bonds or
     shall permit a copy to be made.

ARTICLE 12 UNCOVERING AND CORRECTION OF WORK
     12.1 UNCOVERING OF WORK
     12.1.1 If a portion of the Work is covered contrary to the Architect's
     request or to requirements specifically expressed in the Contract
     Documents, it must, if required in writing by the Architect, be uncovered
     for the Architect's examination and be replaced at the Contractor's expense
     without change in the Contract Time.

     12.1.2 If a portion of the Work has been covered which the Architect has
     not specifically requested to examine prior to its being covered, the
     Architect, with Owner's approval, may request to see such Work and it shall
     be uncovered by the Contractor. If such Work is in accordance with the
     Contract Documents, costs of uncovering and replacement shall, by
     appropriate Change Order, be at the Owner's expense. If such Work is not in
     accordance with the Contract Documents, correction shall be at the
     Contractor's expense unless the condition was caused by the Owner or a
     separate contractor in which event the Owner shall be responsible for
     payment of such costs.

     12.2 CORRECTION OF WORK
     12.2.1 BEFORE OR AFTER SUBSTANTIAL COMPLETION

     12.2.1.1 The Contractor shall promptly correct Work rejected by the
     Architect or failing to conform to the requirements of the Contract
     Documents, whether discovered before or after Substantial Completion and
     whether or not fabricated, installed or completed. Costs of correcting such
     rejected Work, including additional testing and inspections and
     compensation for the Architect's services and expenses made necessary
     thereby, shall be at the Contractor's expense.

     12.2.2 AFTER SUBSTANTIAL COMPLETION
     12.2.2.1 In addition to the Contractor's obligations under Paragraph 3.5,
     if, within one year after the date of Substantial Completion of the Work or
     designated portion thereof or after the date for commencement of warranties
     established under Subparagraph 9.9.1, or by terms of an applicable special
     warranty required by the Contract Documents, any of the Work is found to be
     not in accordance with the requirements of the Contract Documents, the
     Contractor shall correct it promptly after receipt of written notice from
     the Owner to do so unless the Owner has previously given the Contractor a
     written acceptance of such condition. The Owner shall give such notice
     promptly after discovery of the condition. During the one-year period for
     correction of Work, if the Owner fails to notify the Contractor and give
     the Contractor an opportunity to make the correction, the Owner waives the
     rights to require correction by the Contractor and to make a claim for
     breach of warranty. If the Contractor fails to correct nonconforming Work
     within a reasonable time during that period after receipt of notice from
     the Owner or Architect, the Owner may correct it in accordance with
     Paragraph 2.4.

<Page>

     12.2.2.2 The one-year period for correction of Work shall be extended with
     respect to portions of Work first performed after Substantial Completion by
     the period of time between Substantial Completion and the actual
     performance of the Work.

     12.2.2.3 The one-year period for correction of Work shall not be extended
     by corrective Work performed by the Contractor pursuant to this
     Paragraph 12.2.

     12.2.3 The Contractor shall remove from the site portions of the Work which
     are not in accordance with the requirements of the Contract Documents and
     are neither corrected by the Contractor nor accepted by the Owner.

     12.2.4 The Contractor shall bear the cost of correcting destroyed or
     damaged construction, whether completed or partially completed, of the
     Owner or separate contractors caused by the Contractor's correction or
     removal of Work which is not in accordance with the requirements of the
     Contract Documents.

     12.2.5 Nothing contained in this Paragraph 12.2 shall be construed to
     establish a period of limitation with respect to other obligations which
     the Contractor might have under the Contract Documents. Establishment of
     the one-year period for correction of Work as described in
     Subparagraph 12.2.2 relates only to the specific obligation of the
     Contractor to correct the Work, and has no relationship to the time within
     which the obligation to comply with the Contract Documents may be sought to
     be enforced, nor to the time within which proceedings may be commenced to
     establish the Contractor's liability with respect to the Contractor's
     obligations other than specifically to correct the Work.

     12.3 ACCEPTANCE OF NONCONFORMING WORK
     12.3.1 If the Owner prefers to accept Work which is not in accordance with
     the requirements of the Contract Documents, the Owner may do so instead of
     requiring its removal and correction, in which case the Contract Sum will
     be reduced as appropriate and equitable. Such adjustment shall be effected
     whether or not final payment has been made.

ARTICLE 13 MISCELLANEOUS PROVISIONS
     13.1 GOVERNING LAW
     13.1.1 The Contract shall be governed by the law of the place where the
     Project is located.

     13.2 SUCCESSORS AND ASSIGNS
     13.2.1 The Owner and Contractor respectively bind themselves, their
     partners, successors, assigns and legal representatives to the other party
     hereto and to partners, successors, assigns and legal representatives of
     such other party in respect to covenants, agreements and obligations
     contained in the Contract Documents. Except as provided in
     Subparagraph 13.2.2, neither party to the Contract shall assign the
     Contract as a whole without written consent of the other. If either party
     attempts to make such an assignment without such consent, that party shall
     nevertheless remain legally responsible for all obligations under the
     Contract.

     13.2.2 The Owner may, without consent of the Contractor, assign the
     Contract to an institutional lender providing construction financing for
     the Project. In such event, the lender shall assume the Owner's rights and
     obligations under the Contract Documents. The Contractor shall execute all
     consents reasonably required to facilitate such assignment.

     13.3 WRITTEN NOTICE
     13.3.1 Written notice shall be deemed to have been duly served if delivered
     in person to the individual or a member of the firm or entity or to an
     officer of the corporation for which it was intended, or if delivered at or
     sent by registered or certified mail to the last business address known to
     the party giving notice.

     13.4 RIGHTS AND REMEDIES
     13.4.1 Duties and obligations imposed by the Contract Documents and rights
     and remedies available thereunder shall be in addition to and not a
     limitation of duties, obligations, rights and remedies otherwise imposed or
     available by law.

     13.4.2 No action or failure to act by the Owner, Architect or Contractor
     shall constitute a waiver of a right or duty afforded them under the
     Contract, nor shall such action or failure to act constitute approval of or
     acquiescence in a breach thereunder, except as may be specifically agreed
     in writing.

<Page>

     13.5 TESTS AND INSPECTIONS
     13.5.1 Tests, inspections and approvals of portions of the Work required by
     the Contract Documents or by laws, ordinances, rules, regulations or orders
     of public authorities having jurisdiction shall be made at an appropriate
     time. Unless otherwise provided, the Owner shall make arrangements for such
     tests, inspections and approvals with an independent testing laboratory or
     entity acceptable to the Owner, or with the appropriate public authority,
     and shall bear all related costs of tests, inspections and approvals. The
     Contractor shall give the Architect timely notice of when and where tests
     and inspections are to be made so that the Architect may be present for
     such procedures. The Owner shall bear costs of tests, inspections or
     approvals which do not become requirements until after bids are received or
     negotiations concluded.

     13.5.2 If the Architect, Owner or public authorities having jurisdiction
     determine that portions of the Work require additional testing, inspection
     or approval not included under Subparagraph 13.5.1, the Architect will,
     upon written authorization from the Owner, instruct the Contractor to make
     arrangements for such additional testing, inspection or approval by an
     entity acceptable to the Owner, and the Contractor shall give timely notice
     to the Architect of when and where tests and inspections are to be made so
     that the Architect may be present for such procedures. Such costs, except
     as provided in Subparagraph 13.5.3, shall be at the Owner's expense.

     13.5.3 If such procedures for testing, inspection or approval under
     Subparagraphs 13.5.1 and 13.5.2 reveal failure of the portions of the Work
     to comply with requirements established by the Contract Documents, all
     costs made necessary by such failure including those of repeated procedures
     and compensation for the Architect's services and expenses shall be at the
     Contractor's expense.

     13.5.4 Required certificates of testing, inspection or approval shall,
     unless otherwise required by the Contract Documents, be secured by the
     Contractor and promptly delivered to the Architect.

     13.5.5 If the Architect is to observe tests, inspections or approvals
     required by the Contract Documents, the Architect will do so promptly and,
     where practicable, at the normal place of testing.

     13.5.6 Tests or inspections conducted pursuant to the Contract Documents
     shall be made promptly to avoid unreasonable delay in the Work.

     13.6 INTEREST
     13.6.1 Payments due and unpaid under the Contract Documents shall bear
     interest from the date payment is due at such rate as the parties may agree
     upon in writing or, in the absence thereof, at the legal rate prevailing
     from time to time at the place where the Project is located.

<Page>

     13.7 COMMENCEMENT OF STATUTORY LIMITATION PERIOD
     13.7.1 As between the Owner and Contractor:

          .1   BEFORE SUBSTANTIAL COMPLETION. As to acts or failures to act
               occurring prior to the relevant date of Substantial Completion,
               any applicable statute of limitations shall commence to run and
               any alleged cause of action shall be deemed to have accrued in
               any and all events not later than such date of Substantial
               Completion;

          .2   BETWEEN SUBSTANTIAL COMPLETION AND FINAL CERTIFICATE FOR PAYMENT.
               As to acts or failures to act occurring subsequent to the
               relevant date of Substantial Completion and prior to issuance of
               the final Certificate for Payment, any applicable statute of
               limitations shall commence to run and any alleged cause of action
               shall be deemed to have accrued in any and all events not later
               than the date of issuance of the final Certificate for Payment;
               and

          .3   AFTER FINAL CERTIFICATE FOR PAYMENT. As to acts or failures to
               act occurring after the relevant date of issuance of the final
               Certificate for Payment, any applicable statute of limitations
               shall commence to run and any alleged cause of action shall be
               deemed to have accrued in any and all events not later than the
               date of any act or failure to act by the Contractor pursuant to
               any Warranty provided under Paragraph 3.5, the date of any
               correction of the Work or failure to correct the Work by the
               Contractor under Paragraph 12.2, or the date of actual commission
               of any other act or failure to perform any duty or obligation by
               the Contractor or Owner, whichever occurs last.

ARTICLE 14 TERMINATION OR SUSPENSION OF THE CONTRACT
     14.1 TERMINATION BY THE CONTRACTOR
     14.1.1 The Contractor may terminate the Contract if the Work is stopped for
     a period of 30 consecutive days through no act or fault of the Contractor
     or a Subcontractor, Sub-subcontractor or their agents or employees or any
     other persons or entities performing portions of the Work under direct or
     indirect contract with the Contractor, for any of the following reasons:

          .1   issuance of an order of a court or other public authority having
               jurisdiction which requires all Work to be stopped;

          .2   an act of government, such as a declaration of national emergency
               which requires all Work to be stopped;

          .3   because the Architect has not issued a Certificate for Payment
               and has not notified the Contractor of the reason for withholding
               certification as provided in Subparagraph 9.4.1, or because the
               Owner has not made payment on a Certificate for Payment within
               the time stated in the Contract Documents; or

          .4   [Intentionally Omitted].

     14.1.2 The Contractor may terminate the Contract if, through no act or
     fault of the Contractor or a Subcontractor, Sub-subcontractor or their
     agents or employees or any other persons or entities performing portions of
     the Work under direct or indirect contract with the Contractor, repeated
     suspensions, delays or interruptions of the entire Work by the Owner as
     described in Paragraph 14.3 constitute in the aggregate more than 100
     percent of the total number of days scheduled for completion, or 120 days
     in any 365-day period, whichever is less.

     14.1.3 If one of the reasons described in Subparagraph 14.1.1 or 14.1.2
     exists, the Contractor may, upon seven days' written notice to the Owner
     and Architect, terminate the Contract and recover from the Owner payment
     for Work executed and for proven loss with respect to materials, equipment,
     tools, and construction equipment and machinery, including reasonable
     overhead, profit and damages.

     14.1.4 If the Work is stopped for a period of 60 consecutive days through
     no act or fault of the Contractor or a Subcontractor or their agents or
     employees or any other persons performing portions of the Work under
     contract with the Contractor because the Owner has persistently failed to
     fulfill the Owner's obligations under the Contract Documents with respect
     to matters important to

<Page>

     the progress of the Work, the Contractor may, upon seven additional days'
     written notice to the Owner and the Architect, terminate the Contract and
     recover from the Owner as provided in Subparagraph 14.1.3.

     14.2 TERMINATION BY THE OWNER FOR CAUSE
     14.2.1 The Owner may terminate the Contract if the Contractor:

          .1   persistently or repeatedly refuses or fails to supply enough
               properly skilled workers or proper materials;

          .2   fails to make payment to Subcontractors for materials or labor in
               accordance with the respective agreements between the Contractor
               and the Subcontractors;

          .3   persistently disregards laws, ordinances, or rules, regulations
               or orders of a public authority having jurisdiction; or

          .4   otherwise is guilty of substantial breach of a provision of the
               Contract Documents.

Insert K: .5 notwithstanding anything to the contrary herein the Owner shall
give the Contractor written notice of groungs for termination for cause and
afford the Contractor reasonable opportunity to cure before exercising any
rights or remedies under Paragraph 14.2.

     14.2.2 When any of the above reasons exist, the Owner, upon certification
     by the Architect that sufficient cause exists to justify such action, may
     without prejudice to any other rights or remedies of the Owner and after
     giving the Contractor and the Contractor's surety, if any, seven days'
     written notice, terminate employment of the Contractor and may, subject to
     any prior rights of the surety:

          .1   take possession of the site and of all materials, equipment,
               tools, and construction equipment and machinery thereon owned by
               the Contractor;

          .2   accept assignment of subcontracts pursuant to Paragraph 5.4; and

          .3   finish the Work by whatever reasonable method the Owner may deem
               expedient. Upon request of the Contractor, the Owner shall
               furnish to the Contractor a detailed accounting of the costs
               incurred by the Owner in finishing the Work.

     14.2.3 When the Owner terminates the Contract for one of the reasons stated
     in Subparagraph 14.2.1, the Contractor shall not be entitled to receive
     further payment until the Work is finished.

     14.2.4 If the unpaid balance of the Contract Sum exceeds cost of finishing
     the Work, including compensation for the Architect's services and expenses
     made necessary thereby, and other damages incurred by the Owner and not
     expressly waived, such excess shall be paid to the Contractor. If such
     costs and damages exceed the unpaid balance, the Contractor shall pay the
     difference to the Owner. The amount to be paid to the Contractor or Owner,
     as the case may be, shall be certified by the Architect, upon application,
     and this obligation for payment shall survive termination of the Contract.

     14.3 SUSPENSION BY THE OWNER FOR CONVENIENCE
     14.3.1 The Owner may, without cause, order the Contractor in writing to
     suspend, delay or interrupt the Work in whole or in part for such period of
     time as the Owner may determine.

     14.3.2 The Contract Sum and Contract Time shall be adjusted for increases
     in the cost and time caused by suspension, delay or interruption as
     described in Subparagraph 14.3.1. Adjustment of the Contract Sum shall
     include profit. No adjustment shall be made to the extent:

<Page>

          .1   that performance is, was or would have been so suspended, delayed
               or interrupted by another cause for which the Contractor is
               responsible; or

          .2   that an equitable adjustment is made or denied under another
               provision of the Contract.

     14.4 TERMINATION BY THE OWNER FOR CONVENIENCE
     14.4.1 The Owner may, at any time, terminate the Contract for the Owner's
     convenience and without cause.

     14.4.2 Upon receipt of written notice from the Owner of such termination
     for the Owner's convenience, the Contractor shall:

          .1   cease operations as directed by the Owner in the notice;

          .2   take actions necessary, or that the Owner may direct, for the
               protection and preservation of the Work; and

          .3   except for Work directed to be performed prior to the effective
               date of termination stated in the notice, terminate all existing
               subcontracts and purchase orders and enter into no further
               subcontracts and purchase orders.

     14.4.3 In case of such termination for the Owner's convenience, the
     Contractor shall be entitled to receive payment for Work done by Contractor
     to the date of termination not previously paid for, less sums already
     received by Contractor on account of the portion of the Work performed. If
     at the date of such termination, Contractor has properly prepared or
     fabricated off the Project site any goods for subsequent incorporation in
     the Work, and if Contractor delivers such good to the Project site or to
     such other place as the Owner shall reasonably direct, the Contractor shall
     be paid for such goods or materials.<PAGE>

                                                                   EXHIBIT 10.62

                                   EXHIBIT "H"
                          AMENDMENT NO. 1 TO AGREEMENT
                          BETWEEN OWNER AND CONTRACTOR
                                  APRIL 4, 2001

Pursuant to Paragraph 5.2 of the Agreement, dated January 3, 2000 between BSL,
Inc. (Owner) and Roy Anderson Corp (Contractor), for Casino Magic Hotel, Phase I
(the Project). The Owner and Contractor establish a Guaranteed Maximum Price and
Contract Time for the Work as set forth below.

                                    ARTICLE 1
                            GUARANTEED MAXIMUM PRICE

The Contractor's Guaranteed Maximum Price for the Work, including the estimated
Cost of the Work as defined in Article 7 and the Contractor's Fee as defined in
Article 5 is Twenty Three Million Two Hundred Thirty Five Thousand Eight Hundred
Three Dollars ($23,235,803.00), subject to additions and deductions by Change
Order as provided in the Contract Documents. The Guaranteed Maximum Price does
not include Add Alternate No. 1: Ballroom, Prefuction, & Ancillary Areas
Build-out.

This price is for the performance of the Work in accordance with the Contract
Documents listed and attached to this Amendment and marked Exhibits A, B, C, D,
and E as follows:

EXHIBIT A - Drawings and Specifications on which the Guaranteed Maximum
            Price is based.
                                                Pages 1 through 10 dated 3/19/01

EXHIBIT B - Contractor's Scope Summary (B-1), GMP Estimate with Allowances
            (B-2), and Schedule (B-3).
                                                 Pages 1 through 7 dated 4/4/01.

EXHIBIT C - Add Alternate No. 1: Ballroom, Prefunction, & Ancillary Areas
            Build-out (Not included in Guaranteed Maximum Price)

                                                 Pages 1 through 1 dated 4/4/01.

EXHIBIT D - Contractor's Self-Perform Work.

                                                Pages 1 through 1 dated 3/19/01.

EXHIBIT E - Contractor's Supervisory Personnel.

                                                Pages 1 through 1 dated 3/19/01.

                                   ARTICLE II
                                  CONTRACT TIME

The date of Substantial Completion established by this Amendment is:  5/09/02.

OWNER:  BSL, INC.                               CONTRACTOR:

By:                                             By:
    ----------------------------                      --------------------------
                                                      Jim Hardin, Jr. -
                                                      V.P. of Construction

Date:                                           Date: April 4, 2001
      --------------------------                      --------------------------

<PAGE>

                                   EXHIBIT "A"
                                 MARCH 19, 2001

<TABLE>
<CAPTION>
DRAWINGS:

DRWG #         DESCRIPTION                                  DATE ISSUED      DATEREV    REV
------         -----------                                  -----------      -------    ---
<S>      <C>                                                <C>              <C>        <C>
A000     Cover Sheet/Index of Drawings                        8/25/00        9/25/00     2
A001     Abbrev., Symbols, Gen Notes, Code Summary            8/25/00        9/25/00     2
A002     Abbrev., Symbols, Gen Notes, Code Summary            8/25/00        9/25/00     2
A003     Existing Site Plan                                   8/25/00        9/25/00     2
A004     Overall Site Plan                                    8/25/00        9/25/00     2
A005     Existing/Demolition First Floor Plan                 8/25/00        9/25/00     2
A006     Existing/Demolition Second Floor Plan                8/25/00        9/25/00     2

FIRE RATED PARTITION PLANS
--------------------------

A020     Hotel Fire Rated Partition Plans                     8/25/00        9/25/00     2
A021     Hotel Fire Rated Partition Plans                     8/25/00        9/25/00     2

FLOOR AND ROOF PLANS
--------------------

A100     First Floor Plan - Part A                            8/25/00        9/25/00     2
A101     First Floor Plan - Part B                            8/25/00        9/25/00     2
A102     Second Floor Plan - Part A                           8/25/00        9/25/00     2
A103     Roof Plan                                            8/25/00        9/25/00     2
A104     Enlarged Hotel Entry Plan                            9/25/00                    1
A105     Enlarged Restaurant/Kitchen Plan                     9/25/00                    1
A106     Enlarged Spa Plan                                    9/25/00                    1
A107     Enlarged Plans - Service Area                        9/25/00                    1

A110     Hotel First and Mezzanine Floor Plans                8/25/00        9/25/00     2
A111     Hotel Typical (02-120 and VIP (13th) Floor Plans     8/25/00        9/25/00     2
A112     Hotel Roof Plan                                      8/25/00        9/25/00     2

A120     Enlarged Renovation First Floor Plan                 9/25/00                    1
A121     Enlarged Renovation Second Floor Plan                9/25/00                    1

ELEVATIONS
----------

A200     Casino South Elevations                              8/25/00        9/25/00     2
A201     Casino North Elevations                              8/25/00        9/25/00     2

A210     Hotel South Elevation                                8/25/00        9/25/00     2
A211     Hotel West & East Elevation                          8/25/00        9/25/00     2
A212     Hotel North Elevation                                8/25/00        9/25/00     2

                                       1
<PAGE>

<CAPTION>
DRWG #         DESCRIPTION                                  DATE ISSUED      DATEREV    REV
------         -----------                                  -----------      -------    ---
<S>      <C>                                                <C>              <C>        <C>
A220     Enlarged Elevations                                  8/25/00        9/25/00     2
A230     Service/Ballroom Elevations                          8/25/00        9/25/00     2
A240     Function Interior Elevations                         8/25/00        9/25/00     2

BUILDING SECTIONS
-----------------

A300     Function Building Sections                           8/25/00        9/25/00     2
A310     Hotel Building Sections                              8/25/00        9/25/00     2

ENLARGED PLANS, ELEVATIONS & SECTIONS (1/4" = 1'-0")
----------------------------------------------------

A410     Hotel Enlarged Room Plans                            8/25/00        9/25/00     2
A411     Hotel Enlarged Room Elevations                       8/25/00        9/25/00     2
A412     Hotel Enlarged Toilet Plans and Elevations           8/25/00        9/25/00     2
A413     Hotel Enlarged Core Plans                            8/25/00        9/25/00     2
A420     Hotel Enlarged Wall Sections                         8/25/00        9/25/00     2
A450     Hotel Enlarged Elevations                            8/25/00        9/25/00     2

EXTERIOR DETAILS (1 1/2" = 1'-0")
---------------------------------

A510     Function Wall Sections                               8/25/00        9/25/00     2
A512     Function Wall Sections                               8/25/00        9/25/00     2
A515     Function Sections Details                            8/25/00        9/25/00     2
A520     Hotel Plan Details                                   8/25/00        9/25/00     2
A521     Hotel Plan Details                                   8/25/00        9/25/00     2
A530     Hotel Wall Section Details                           8/25/00        9/25/00     2
A531     Hotel Wall Section Details                           8/25/00        9/25/00     2

SCHEDULES
---------

A600     Partition Schedule                                   8/25/00        9/25/00     2
A601     Partition Schedule                                   8/25/00        9/25/00     2
A602     Window Elevations & Glazing Types                    8/25/00        9/25/00     2
A603     Door Elevations & Details                            8/25/00        9/25/00     2

STAIRS
------

A700     Function Stair Plans & Sections                      8/25/00        9/25/00     2
A710     Hotel Stair Plans, Sections & Details                8/25/00        9/25/00     2
A711     Hotel Stair Plans, Sections & Details                8/25/00        9/25/00     2

ELEVATORS AND ESCALATORS
------------------------

A810     Hotel Elevator Plans, Sections & Details             8/25/00        9/25/00     2

                                       2
<PAGE>

<CAPTION>
DRWG #         DESCRIPTION                                  DATE ISSUED      DATEREV    REV
------         -----------                                  -----------      -------    ---
<S>      <C>                                                <C>              <C>        <C>
REFLECTED CEILING PLANS
-----------------------

A900     Function First Floor RCP - Part A                    8/25/00        9/25/00     2
A901     Function First Floor RCP - Part B                    8/25/00        9/25/00     2
A902     Function Second Floor Plan - Part A                  8/25/00        9/25/00     2
A903     Function Enlarged Hotel Entry RCP                    9/25/00                    1
A904     Function Enlarged Elevator & Corridor RCP            9/25/00                    1
A905     Function Enlarged Spa RCP                            9/25/00                    1
A906     Function Enlarged Ballroom RCP                       9/25/00                    1

A910     Hotel 1st and Mezzanine Floor RCP                    8/25/00        9/25/00     2
A911     Hotel Typ. (02-12) and VIP (13th ) Floor RCP         8/25/00        9/25/00     2

STRUCTURAL
----------

S000     General Notes                                        8/25/00                    1
S010     Load Key Sheet                                       8/25/00                    1
S011     Load Key Sheet                                       8/25/00                    1
S012     Load Key Sheet                                       8/25/00                    1
S040     Typical Concrete Details                             8/25/00                    1
S050     Typical Steel Details                                8/25/00                    1

S100     Hotel Foundation Plan                                8/25/00                    1
S101     Lowrise Foundations Framing Plan                     8/25/00                    1
S102     Central Plant Foundation Plan                        8/25/00                    1
S110     Hotel Mezzanine Plan                                 8/25/00                    1
S111     Lowrise Roof Framing Plan                            8/25/00                    1
S112     Central Plant Framing Plan                           8/25/00                    1
S120     Hotel Second Framing Plan                            8/25/00                    1
S130     Hotel Typical Framing Plan                           8/25/00                    1
S140     Hotel Roof Plan                                      8/25/00                    1
S150     Hotel Mansard and Penthouse Plan                     8/25/00                    1

S200     Hotel Wall Elevations                                8/25/00                    1
S201     Hotel Wall Elevations                                8/25/00                    1
S202     Hotel Wall Elevations                                8/25/00                    1
S203     Hotel Wall Elevations                                8/25/00                    1
S204     Hotel Wall Elevations                                8/25/00                    1
S205     Hotel Wall Elevations                                8/25/00                    1
S206     Hotel Section Thru Penthouse                         8/25/00                    1

S210     Central Plant Elevations                             8/25/00                    1
S500     Foundation Details                                   8/25/00                    1
S520     Hotel Post Tensioning Plans                          8/25/00                    1

                                       3
<PAGE>

<CAPTION>
DRWG #         DESCRIPTION                                  DATE ISSUED      DATEREV    REV
------         -----------                                  -----------      -------    ---
<S>      <C>                                                <C>              <C>        <C>
S521     Hotel Post Tensioning Plans                          8/25/00                    1
S522     Hotel Post Tensioning Plans                          8/25/00                    1
S523     Hotel Post Tensioning Plans                          8/25/00                    1

S551     Low Rise Steel Details                               8/25/00                    1
S570     Hotel Light Gauge Details                            8/25/00                    1
S580     Hotel Column Schedule & Detail                       8/25/00                    1
S590     Hotel Beam Schedule & Details                        8/25/00                    1

MECHANICAL
----------

M100     First Floor HVAC & Piping Plan - Part A              8/25/00                    1

M111     First Floor HVAC & Piping & Schematics               8/25/00                    1
M112     Mezzanine Piping & Schematic Plans                   8/25/00                    1
M113     Mezzanine HVAC Plan                                  8/25/00                    1
M114     2nd - 12th Floor HVAC/Piping & Schemtaic Plan        8/25/00                    1
M115     HVAC Roof Plan                                       8/25/00                    1

M200     Chilled Water Supply & Return                        8/25/00                    1
M201     Chilled Water Supply & Return                        8/25/00                    1
M300     Chilled Water Supply & Return                        8/25/00                    1
M301     Chilled Water Supply & Return                        8/25/00                    1

M400     Equipment Schedules                                  8/25/00                    1

PLUMBING
--------

P102     Mezzanine Ceiling                                    8/25/00                    1
P103     Plumbing Hotel 02 - 12th Floors                      8/25/00                    1
P104     Plumbing Hotel 13th Floor                            8/25/00                    1

P301     Waste Riser Diagrams                                 8/25/00                    1
P302     Domestic Water Riser Diagrams                        8/25/00                    1

ELECTRICAL
----------

E201     Typical 02-12 Level Corridor Plan                    8/25/00                    1
E202     Typical VIP Level Corridor Plan                      8/25/00                    1

E401     Hotel Plan - First Floor                             8/25/00                    1
E402     Hotel Mezzanine Plan                                 8/25/00                    1
E403     Typical 02-12 Level Room Plans                       8/25/00                    1
E404     Typical VIP Level Room Plans                         8/25/00                    1
E405     Central Plant Plan                                   8/25/00                    1

                                       4
<PAGE>

<CAPTION>
DRWG #         DESCRIPTION                                  DATE ISSUED      DATEREV    REV
------         -----------                                  -----------      -------    ---
<S>      <C>                                                <C>              <C>        <C>
E501     Electrical One Line Diagram                          8/25/00                    1

DRAWING UPDATES AND SKETCHES
----------------------------

A100a    First Floor Plan - Part A Renovations                9/25/00        10/4/00     2
A102a    Second Floor Plan - Part A Renovations               9/25/00        10/4/00     2

ASK-001  Overall Structural Grid                              9/26/00                    1
ASK-002  South Ballroom Structure                             9/26/00                    1
ASK-003  North Ballroom Structure                             9/26/00                    1
ASK-004  Ballroom Truss                                       9/26/00                    1
ASK-005  Truss Details                                        9/26/00                    1
</TABLE>

                                       5
<PAGE>

                                 SPECIFICATIONS
                                  SECTION 00005
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
VOLUME I
                                                         DATE             ISSUE
                                                         ----             -----
<S>                                                      <C>              <C>
DIVISION 0 - BIDDING REQUIREMENTS, CONTRACT FORMS AND CONDITIONS OF THE CONTRACT

00005    Table of Contents                               3/16/01          #3 Permit

00700    General Conditions and Supplementary
         Conditions of the Contract                      3/16/01          #3

00860    List of Drawings                                3/16/01          #3
(Note: For list of drawing updates/changes refer to Bulletins #1 thru #4.
Index not changed in Spec.)

SPECIFICATIONS

DIVISION 1 - GENERAL REQUIREMENTS

01000    General Provisions                              3/16/01          #3
01005    Administrative Provisions                       3/16/01          #3
01021    Cash Allowances                                 3/16/01          #3
01040    Project Contract Coordination                   3/16/01          #3
01050    Field Engineering                               3/16/01          #3
01090    Reference Standards                             3/16/01          #3
01200    Project Meetings                                3/16/01          #3
01300    Submittals                                      3/16/01          #3
01310    Construction Schedules and Reports              3/16/01          #3
01410    Testing Laboratory Services                     3/16/01          #3
01440    Contract Quality Control                        3/16/01          #3
01500    Construction Facilities and Temporary
         Controls                                        3/16/01          #3
01600    Material and Equipment                          3/16/01          #3
01700    Contract Closeout                               3/16/01          #3
01730    Operation and Maintenance Data                  3/16/01          #3
01740    Warranties and Bonds                            3/16/01          #3

DIVISION 2 - SITE WORK

02050    Site Demolition                                 3/16/01          #3
02111    Clearing and Grubbing                           3/16/01          #3
02221    Select Bedding and Foundation Material          3/16/01          #3
02226    Roadway Excavation and Embankment               3/16/01          #3

                                       6
<PAGE>

<CAPTION>
VOLUME I
                                                         DATE             ISSUE
                                                         ----             -----
<C>                                                      <C>              <C>
02227    Excavating and Backfilling for Structures       3/16/01          #3
02234    Granular Base Course (Limestone)                3/16/01          #3
02363    Timber Piles                                    3/16/01          #3
02368    Cast Auger Piles                                3/16/01          #3
02458    Precast Concrete Piles                          3/16/01          #3
02512    Hot Bituminous Pavement                         3/16/01          #3
02520    Non-Reinforced Concrete Pavement                3/16/01          #3
02521    Curb and Combination Curb & Gutter              3/16/01          #3
02522    Concrete Sidewalks and Driveways                3/16/01          #3
02580    Painted Traffic Markings                        3/16/01          #3
02660    Water Distribution System                       3/16/01          #3
02685    Gas Distribution Systems                        3/16/01          #3
02721    Cast-in-Place Concrete Structures               3/16/01          #3
02722    Concrete Culvert Pipe                           3/16/01          #3
02723    High Density Polyethylene Drainage
         Pipes and Structures                            3/16/01          #3
02730    Gravity Sanitary Sewers                         3/16/01          #3

DIVISION 3 - CONCRETE

03011    Concrete Testing                                3/16/01          #3
03100    Concrete Formwork                               3/16/01          #3
03200    Concrete Reinforcement and Accessories          3/16/01          #3
03300    Cast-in-Place Concrete                          3/16/01          #3
03345    Concrete Finishes                               3/16/01          #3
03425    Post-Tensioned Concrete                         3/16/01          #3
03455    Glass Fiber Reinforced Concrete                 3/16/01          #3

DIVISION 4 - MASONRY

04100    Mortar and Masonry Grout                        3/16/01          #3
04110    Non-Shrunk Grout                                3/16/01          #3
04450    Cut Stone Veneer                                3/16/01          #3

DIVISION 5 - METALS

05120    Structural Steel                                3/16/01          #3
05200    Steel Joists                                    3/16/01          #3
05310    Metal Roof Deck                                 3/16/01          #3
05320    Metal Floor Deck                                3/16/01          #3
05400    Cold Formed Metal Framing                       3/16/01          #3
05500    Metal Fabrications                              3/16/01          #3
05510    Metal Stairs, Ladders and Railings              3/16/01          #3
05517    Alternating Tread Steel Stairs                  3/16/01          #3
05520    Handrails and Railings                          3/16/01          #3
05700    Ornamental Metals                               3/16/01          #3
05805    Expansion Joint Assemblies                      3/16/01          #3

                                       7
<PAGE>

<CAPTION>
VOLUME I
                                                         DATE             ISSUE
                                                         ----             -----
<C>                                                      <C>              <C>
DIVISION 6 - WOOD & PLASTICS
06100    Rough Carpentry                                 3/16/01          #3
06114    Wood Blocking and Curbing                       3/16/01          #3
06200    Finish Carpentry                                3/16/01          #3
06410    Custom Casework                                 3/16/01          #3
06620    Cast Plastic Fabrications                       3/16/01          #3

DIVISION 7 - THERMAL & MOISTURE PROTECTION

07110    Sheet membrane Waterproofing                    3/16/01          #3
07140    Metallic Waterproofing                          3/16/01          #3
07190    Vapor Barriers                                  3/16/01          #3
07212    Board Insulations                               3/16/01          #3
07213    Batt and Blanket Insulation                     3/16/01          #3
07218    Sprayed Insulation                              3/16/01          #3
07241    Exterior Insulation and Finish System           3/16/01          #3
07255    Cementitious Fireproofing                       3/16/01          #3
07270    Firestopping                                    3/16/01          #3
07468    Metal Siding                                    3/16/01          #3
07550    Modified Bituminous Membrane
         Roofing                                         3/16/01          #1
07610    Sheet Metal Roofing                             3/16/01          #3
07612    Fabric Roofing                                  3/16/01          #3
07620    Sheet Metal Flashing and Trim                   3/16/01          #3
07724    Roof Hatches                                    3/16/01          #3
07900    Joint Sealers                                   3/16/01          #3

DIVISION 8 - DOOR & WINDOWS

08111    Standard Steel Doors                            3/16/01          #3
08112    Standard Steel Frames                           3/16/01          #3
08211    Flush Wood Doors                                3/16/01          #3
08305    Access Doors                                    3/16/01          #3
08331    Overhead Coiling Doors                          3/16/01          #3
08350    Mirrored Closet Doors                           3/16/01          #3
08410    Aluminum Entrances and Storefronts              3/16/01          #3
08520    Aluminum                                        3/16/01          #3
08620    Skylights                                       3/16/01          #3
08710    Door Hardware                                   3/16/01          #3
08721    Automatic Door Equipment                        3/16/01          #3
08800    Glazing                                         3/16/01          #3

                                       8
<PAGE>
<CAPTION>
VOLUME I
                                                         DATE             ISSUE
                                                         ----             -----
<C>                                                      <C>              <C>

DIVISION 9 - FINISHES

09260    Gypsum Board Systems                            3/16/01          #3
09300    Ceramic and Quarry Tile                         3/16/01          #3
09511    Suspended Ceilings                              3/16/01          #3
09650    Resilient Flooring                              3/16/01          #3
09720    Vinyl Wall Covering                             3/16/01          #3
09900    Painting                                        3/16/01          #3
09910    Textured Acrylic Coatings                       3/16/01          #3
09911    Aggregated Decorative Spray
         Texture Finish                                  3/16/01          #3
09999    Schedules                                       3/16/01          #3

VOLUME II

DIVISION 10 - SPECIALTIES

10165    Plastic Laminate Toilet Compartments            3/16/01          #3
10211    Fixed Metal Wall Louvers                        3/16/01          #3
10260    Corner Guards                                   3/16/01          #3
10500    Metal Lockers                                   3/16/01          #3
10522    Fire Extinguishers, Cabinets and
         Accessories                                     3/16/01          #3
10536    Awnings                                         3/16/01          #3
10651    Operable Panel Partitions                       3/16/01          #3
10800    Toilet and Bath Accessories                     3/16/01          #3
10820    Shower Partitions and Doors                     3/16/01          #3
10914    Coat Rack and Accessories                       3/16/01          #3

DIVISION 11 - EQUIPMENT

11160    Dock Equipment                                  3/16/01          #3
11165    Dock Bumpers                                    3/16/01          #3
11400    Food Facilities Equipment                       3/16/01          #3

DIVISION 12 - FURNISHINGS

12692    Floor mats                                      3/16/01          #3

DIVISION 13 - SPECIAL CONSTRUCTION

Not Used

                                       9
<PAGE>

<CAPTION>
VOLUME II
                                                         DATE             ISSUE
                                                         ----             -----
<C>                                                      <C>              <C>

DIVISION 14 - CONVEYING SYSTEMS

14210    Electric Traction Elevators                     3/16/01          #3
14240    Hydraulic Elevators                             3/16/01          #3
14310    Escalators                                      3/16/01          #3
14560    Linen and Rubbish Chutes                        3/16/01          #3

DIVISION 15 - MECHANICAL

15010    General Provisions                              3/16/01          #2
15050    Basic Materials and Methods                     3/16/01          #2
15180    Insulation                                      3/16/01          #2
15200    Soil and Waste System                           3/16/01          #2
15225    Plumbing Fixtures, Accessories and
         Trim                                            3/16/01          #2
15250    Plumbing Equipment                              3/16/01          #2
15705    Chemical Cleaning and Treatment                 3/16/01          #2
15800    Heating and Air Conditioning Equipment          3/16/01          #2
15810    Air Distribution                                3/16/01          #2
15825    Balancing and Adjusting                         3/16/01          #2
15900    Building Automation and Temperature
         Control System                                  3/16/01          #2

DIVISION 16 - ELECTRICAL

16000    Electrical General Requirements                 3/16/01          #2
16100    Basic Electrical Materials and Methods          3/16/01          #2
16200    Raceway Systems                                 3/16/01          #2
16300    Wire, Cable and Devices                         3/16/01          #2
16400    Service and Distribution                        3/16/01          #2
16500    Lighting                                        3/16/01          #2
16700    Communications                                  3/16/01          #2
16800    Fire Alarm and Smoke Detection
         System                                          3/16/01          #2

</TABLE>

                                       10
<PAGE>

                                  EXHIBIT "B-1"

                           CASINO MAGIC HOTEL, PHASE I
                           BAY ST. LOUIS, MISSISSIPPI
                           CONTRACTOR'S SCOPE SUMMARY
                                  April 4, 2001

We have based our estimate on the drawings and specifications shown in Exhibit
"A". Following is a scope summary with attention brought to items that are
assumptions used and/or subcontractor clarifications.

Basic Estimate Criteria:

     o    Sitework

     o    Hotel Building

     o    Low Rise Addition

     o    Central Plant

     o    Ballroom - Shell Building Only

o    We have included the cost of providing general liability insurance for the
     project.

GENERAL REQUIREMENTS
--------------------

o    We have included temporary sanitary facilities, temporary lighting,
     temporary telephone, temporary heat, electrical distribution, drinking
     water, and temporary fire protection as required.

o    We have assumed that all design documentation, as may be required for the
     successful prosecution of the work, will be provided by the architect
     (except for design-build elements as noted).

o    The cost of all materials testing that may be required is not included in
     the estimate. We assume that these services will be contracted for directly
     by the Owner.

o    The cost of initial professional engineering line and grade control is not
     included in the estimate. We assume that these services will be provided by
     the Owner's civil engineer.

DIVISION 2: SITEWORK
--------------------

o    We have included all sitework elements shown on the civil plans dated
     2/2/01.

o    We have not included irrigation and landscape.

DIVISION 3: CONCRETE
--------------------

o    We have included all concrete as shown on the structural plans dated
     2/12/01.

DIVISION 4: MASONRY
-------------------

o    The only masonry work in the project is in a retaining wall and that is
     included in Division 2.

<PAGE>

                           CASINO MAGIC HOTEL, PHASE I
                           CONTRACTOR'S SCOPE SUMMARY
                                   PAGE 2 OF 5

DIVISION 5: STEEL
-----------------

o    We have included all structural steel as shown on the structural plans
     dated 2/12/01.

DIVISION 6: CARPENTRY
---------------------

o    We have included all interior millwork items as shown on the drawings, or
     as outlined in allowances, in the hotel tower, low rise addition, and
     ballroom.

DIVISION 7: THERMAL & MOISTURE PROTECTION
-----------------------------------------

o    For the Exterior Insulated Finish System we have included:

     1.   The use of Class PB 2" standard Exterior Insulated Finish System as
          manufactured by Parex or equivalent.
     2.   Manufacturers standard medium sand or textured finish in no more than
          3 integral colors.
     3.   Heavy duty mesh at all high-traffic areas up to 8'0" above finish
          floor or grade.
     4.   Manufacturers standard 5 year warranty.
     5.   No reveals, EPS board thicker than 2" or Ameristone is included.

o    We have included fireproofing of the structural steel as required by code.

o    We have included Roofing Systems:

     1.   Modified Bitumen Roof Systems with a roof insulation system consisting
          of one (1) layer of 2" polyisocyanurate and one layer of 3/4" perlite
          insulation for a combined R-value of 16.38, and a twelve (12) year no
          dollar limit roof warranty.
     2.   All standing seam metal roofing and sheet metal flashing will be
          fabricated from 24 gauge galvanized metal with a Kynar 500 (20) year
          paint finish warranty.

DIVISION 8: DOORS, FRAMES, & GLAZING
------------------------------------

o    We have included public area and back of house doors based on the use of
     wood doors with a plastic laminate face installed in metal frames.

o    We have included glass, glazing, storefront and entrances:

     1.   Fixed opening above the 1st floor to be FG-123 aluminum frames.
     2.   Storefront openings on the 1st floor to be 451 Tri-Fab Flush Glaze
     3.   Door Stiles to be medium 350 with panic hardware.
     4.   Glass to be 1" insulated tinted (green) over low "E" safety glass as
          required.
     5.   Skylight (insulated tinted safety glass).

o    We have included a guest entry Tesa card lock system with front desk
     station and portable programmer.

DIVISION 9: FINISHES
--------------------

o    We have included metal framing, drywall and ceilings per plans.

<PAGE>

                           CASINO MAGIC HOTEL, PHASE I
                           CONTRACTOR'S SCOPE SUMMARY
                                   PAGE 3 OF 5

o    We have included a flat acoustical ceiling in the ballroom with no furr
     downs.

o    We have included tile, stone and VCT per plans.

o    Carpet is owner furnished and owner installed.

o    We have included painting.

o    We have included installation of owner furnished vinyl wall covering.

o    The second floor restaurant and kitchen is included as a shell only.

DIVISION 10: SPECIALTIES
------------------------

o    We have included entrance mats, a linen chute, toilet compartments, toilet
     accessories, louvers, wall and corner guards, flag poles, fire
     extinguishers with cabinets, and operable partitions.

o    Exterior and interior signage is provided and installed by the owner.

o    Closet and linen racks are provided and installed by the owner.

DIVISION 11: EQUIPMENT
----------------------

o    The cost of providing and installing the kitchen and food service equipment
     is not included in this estimate. We do include the cost associated with
     mechanical and electrical hook-up of this Owner furnished equipment.

o    We have included a dock leveler and bumpers.

DIVISION 12: FURNISHINGS
------------------------

o    No work included in this section.

DIVISION 13: SPECIAL CONSTRUCTION
---------------------------------

o    We have included an allowance for all pools and pool related work.

o    We have not included cost for the sauna package, steam room equipment, nor
     other spa equipment.

<PAGE>

                         CASINO MAGIC HOTEL & RESTAURANT
                           CONTRACTOR'S SCOPE SUMMARY
                                   PAGE 4 OF 5

DIVISION 14: CONVEYING SYSTEMS
------------------------------

o    We have included Montgomery Kone elevators as follows:

     1.   Three (3) EcoSystem MR AC gearless traction passenger elevators with a
          capacity of 3,500 lbs., a speed of 400 fpm, Miprom Selective
          Collective Three Car Group Operation, and Kone's Series 220 design
          fixtures.

     2.   One (1) EcoSystem MR AC gearless traction service elevator with a
          capacity of 4,000 lbs., a speed of 400 fpm, Miprom Selective
          Collective Simplex Operation, and Kone's Series 220 design fixtures.

     3.   The highest stop for all elevators is the 14th floor. No elevator will
          go to the roof level.

DIVISION 15: MECHANICAL
-----------------------

o    PLUMBING AND HVAC

We have used MCC's design build estimate for the plumbing and HVAC system as
shown on mechanical plans dated 2/9/01.

o    FIRE PROTECTION

We have used Fire Protection System's design build estimate for the fire
protection system. Fire Protection System's estimate includes Fire Protection
for the hotel tower, central plant, a diesel fire pump, and underground piping.

DIVISION 16: ELECTRICAL
-----------------------

We have used Haynes Electric's design build estimate for the electrical system
as shown on electrical plans dated 2/9/01.

QUALIFICATIONS & EXCLUSIONS
---------------------------

o  Performance and material payment bonds are not included in our price.

o  Any permits other than building permits are not included.

o  Design fees are not included in our price (except as noted otherwise).

o  We have made no allowance for unforeseen underground conditions or
   obstructions.

o  We have not included any moneys for removal or replacement of contaminated
   soils.

o  No power company fees or charges are included.

o  Builder's risk insurance shall be provided by the owner.

o  We have assumed that the owner will arrange for the installation of, and
   pay for all waste handling and food service equipment (including any
   coolers and freezers).

o  All window coverings, furniture, artwork, sculpture, and rugs shall be the
   responsibility of the owner.

o  Our estimate does not include any cost for Mississippi Power charges for
   bringing power to the site.

<PAGE>

                         CASINO MAGIC HOTEL & RESTAURANT
                           CONTRACTOR'S SCOPE SUMMARY
                                   PAGE 5 OF 5

o  This estimate does not include the cost of fees or charges by the Gas
   Company for bringing service to the site.

o  Costs associated with build-out of the ballroom, prefunction, and ancillary
   areas are included in Add Alternate No. 1 and are not included in the
   Guaranteed Maximum Price.

<PAGE>

                                  EXHIBIT "B-2"
                          GMP ESTIMATE WITH ALLOWANCES
                                  APRIL 4, 2001

<TABLE>
<S>                                                                  <C>
SITEWORK, HOTEL TOWER, LOW ADDITION,
  CENTRAL PLANT & BALLROOM                                           $21,459,369

ALLOWANCE ITEMS

    3-Meal Restaurant Finish Out                                         400,000
    Gas Service Line                                                       5,000
    Expansion Joint                                                        5,500
    Mock Up Room                                                          30,000
    Warehouse Mock Up                                                    100,000
    Tub Deck & Risers @ Resort and Jr. Rooms                              27,734
    Cabanna                                                               24,200
    Pool Deck                                                             96,000
    Swimming Pool (Surface Area)                                         137,500
    Wading Pool (Surface Area)                                            13,500
    Interior Finishes /Passenger Elevators                                24,000
    Whirlpool Tubs                                                        60,000
    Relocate Utilities                                                    50,000
    Pool Drainage & Outside Bars                                          10,000
    Interior Light Fixture                                               200,000
    Exterior Light Fixture                                                50,000
    Parking Lot Lighting                                                  28,000
    Electrical @ Pool                                                     15,000
--------------------------------------------------------------------------------
                          TOTAL ALLOWANCES                            $1,276,434

CONTINGENCY                                                              500,000

                          GRAND TOTAL                                 $1,776,434
--------------------------------------------------------------------------------

    TOTAL CONTRACT SUM                                               $23,235,803
</TABLE>

<PAGE>

                                   EXHIBIT "C"
                   ADD ALTERNATE NO. 1: BALLROOM, PREFUNCTION,
                           & ANCILLARY AREAS BUILD-OUT
                                  APRIL 4, 2001

DESCRIPTION:

Add interior build-out including interior partitions, drywall, fiberglass
reinforced panels, acoustical ceiling tile, flooring, drywall finish, paint,
vinyl wall covering, operable partitions, plumbing, HVAC and electrical for the
following areas: Ballroom B116, Function Area B110, Lobby B100, Board Room B101,
Storage B102, Banquet Kitchen B103, Temp. Kitchen Storage B105, Future Service
Lobby B106, Corridor B109, Part. Storage B112, Part. Storage B113, Part. Storage
B114, Part. Storage B117, Part. Storage B119, Service Area B126, Banquet Service
B127, Service Area B131, Service Corridor B133, Storage B134.

<TABLE>
<S>                                                                         <C>
    Doors and Finish Hardware                                                   8,800
    Drywall / FRP / Acoustical Ceiling                                        105,162
    Flooring                                                                   20,677
    Drywall Finish / Paint / Vinyl Wall Covering Installation                  44,514
    Operable Partitions                                                       151,683
    Plumbing and HVAC                                                         232,000
    Electrical                                                                225,000
    Electrical Dimming Allowance                                               15,000
    Ballroom, Prefunction, and Public Space Interior Upgrade Allowance        150,000
    Finish Carpentry Allowance @ Ballroom                                       9,500
    Contingency                                                               150,000
    Fee                                                                        47,274
    Gross Receipts Tax                                                         40,586
                                                                            ---------
    Total Alternate No. 1 Amount                                            1,200,197
</TABLE>

Amount assumes that work will be done concurrent with overall project schedule.

<PAGE>

                                   EXHIBIT "D"
                                 MARCH 19, 2001
                          CONTRACTORS SELF PERFORM WORK
                        (Exclusive of General Conditions)

<TABLE>
<CAPTION>
                                                  LABOR         MATERIAL       EQUIPMENT
                                               ----------      ----------      ----------
<S>                                            <C>             <C>             <C>
Building Demolition                            $   56,730                      $    3,440

Site Excavation and backfill                   $  101,122      $   14,888      $   52,238

Site Concrete                                  $   16,227      $   24,513

Concrete (Includes items below)                $  603,961      $1,326,133      $   65,088
Foundation Work (excluding piling)
Horizontal and Vertical Concrete Formwork
Vertical Concrete Placement

Hoisitng                                       $   82,072      $   74,674      $  218,400

Masonry                                        $    2,768      $    6,580      $    7,000

Metals                                         $    7,679      $  678,527

Rough Carpentry                                $   76,658      $  174,337      $    3,477

Fireproof Sealants                             $    2,500

Installation of doors and hardware             $  137,770      $  436,600

Installation of Division 10 items              $   32,243      $  100,880
                                               ----------      ----------      ----------
                                               $1,119,730      $2,837,132      $  349,643
</TABLE>

                                     Page 1

<PAGE>

                                   EXHIBIT "E"

Contractors Supervisory Personnel

Project Manager - Judson McLeod
Assistant Project Manager - Steven Linton
Project Coordinator - Jerry Waugh
Superintendent - John Morgan
Assistant Superintendent - To be named
Concrete Superintendent - To be named
Finish Superintendent - To be named
Ballroom Superintendent - To be named

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]