Common use of Amount of Final Payment Clause in Contracts

Amount of Final Payment. The amount of the final payment shall be calculated as follows: a. Take the Cost of the Work, calculated in accordance with this Contract, but not to exceed the GMP; b. Subtract amounts, if any, County deducts or withholds in accordance with Section 1.07.B.16 or in accordance with other specific provisions of this Contract; c. Subtract the aggregate of previous progress payments made by County. d. If the aggregate of previous payments made by County is less than the amount due Contractor, County shall pay the difference to Contractor. e. If the aggregate of previous payments made by County exceeds the amount due Contractor, Contractor shall pay the difference to County.

Amount of Final Payment. The amount of the final payment shall be calculated as follows: a. Take the Cost of the Work, calculated in accordance with this Contract, but not to exceed the GMP; b. Subtract amounts, if any, County deducts or withholds in accordance with Section 1.07.B.16 or in accordance with other specific provisions of this Contract; c. Subtract the aggregate of previous progress payments made by County. d. If the aggregate of previous payments made by County is less than the amount due Contractor, County shall pay the difference to Contractor.Contractor.‌ e. If the aggregate of previous payments made by County exceeds the amount due Contractor, Contractor shall pay the difference to County.

Amount of Final Payment. The amount of the final payment shall be calculated as follows: a. Take the Cost of the Work, calculated in accordance with this Contract, but not to exceed the GMP; b. Subtract amounts, if any, County deducts or withholds in accordance with Section 1.07.B.16 or in accordance with other specific provisions of this Contract;Contract;‌ c. Subtract the aggregate of previous progress payments made by County. d. If the aggregate of previous payments made by County is less than the amount due Contractor, County shall pay the difference to Contractor.Contractor.‌ e. If the aggregate of previous payments made by County exceeds the amount due Contractor, Contractor shall pay the difference to County.