Common use of Accuracy of Application Clause in Contracts

Accuracy of Application. Applications for Payment shall be accurate and based upon estimates of Work completed in accordance with the Schedule of Values. Each Application for Payment shall include, on the face of each copy, Contractor’s statement in substantially the following form, dated and bearing Contractor’s signature: “I, the undersigned, hereby certify that the above Application for Payment is true and correct, and payment for the same, has not yet been received.” Owner Parties may reject any improper or incomplete Application for Payment until Contractor corrects and resubmits the same. However, Owner Parties reserve the right, instead of requiring Contractor to correct or resubmit a defective or improper Application for Payment, to reject the defective or improper portion of such Application for Payment and pay the remainder of such amounts that are proper and correct.

Accuracy of Application. Applications for Payment shall be accurate and based upon estimates of Work completed in accordance with the Schedule of Values. Each Application for Payment shall include, on the face of each copy, Contractor’s statement in substantially the following form, dated and bearing Contractor’s signature: “I, the undersigned, hereby certify that the above Application for Payment is true and correct, and payment for the same, has not yet been received.” Owner Parties may reject any improper or incomplete Application for Payment until Contractor corrects and resubmits the same. However, Owner Parties reserve the right, instead of requiring Contractor to correct or resubmit a defective or improper Application for Payment, to reject the defective or improper portion of such Application for Payment and pay the remainder of such amounts that are proper and correct.. SAMPLE