APPLICATION FOR AND PAYMENT OF COMPENSATION Sample Clauses

APPLICATION FOR AND PAYMENT OF COMPENSATION. Article 5.1. All invoices shall be submitted to Owner on the AIA Application and Certification for Payment Form G702 or similar. Each Application for Payment shall include a Schedule of Values and a detailed description of the Work completed to date, along with all supporting receipts, invoices, and lien waivers. All invoices shall be payable within thirty (30) days of receipt by Owner.
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APPLICATION FOR AND PAYMENT OF COMPENSATION. Article 5.1. All invoices shall be submitted to Owner on the Application and Certification for Payment Forms, attached hereto as Exhibit C and incorporated herein by reference. Each Application for Payment shall include Schedule of Values and a detailed description of the Work completed to date, along with all supporting receipts, invoices, and lien waivers. All invoices shall be payable within thirty (30) days of receipt by Owner. Article 5.2. Once the Contractor has completed at least fifty percent (50%) of the Work, Contractor may invoice Owner for a draw for one-half (1/2) of the Construct Sum ($863,247.50). Owner shall determine in its sole discretion whether the Work is 50% complete and such determination shall not be unreasonably withheld.
Sample 1See All (4)
APPLICATION FOR AND PAYMENT OF COMPENSATION. Article 5.1. All invoices shall be submitted to Owner on the Application and Certification for Payment Forms, attached hereto as Exhibit C and incorporated herein by reference. Each Application for Payment shall include Schedule of Values and a detailed description of the Work completed to date, along with all supporting receipts, invoices, and lien waivers for subcontractors and material suppliers. All invoices shall be payable within thirty (30) days of receipt by Owner. Article 5.2. Once the Contractor has completed at least fifty percent (50%) of the Work, Contractor may invoice Owner for a draw for one-half (1/2) of the Construct Sum ($738,247.50). Owner shall determine in its sole discretion whether the Work is 50% complete and such determination shall not be unreasonably withheld.
Sample 1Sample 2
APPLICATION FOR AND PAYMENT OF COMPENSATION. Article 5.1. All invoices shall be submitted to Owner on the Application and Certification for Payment Forms, attached hereto as Exhibit C and incorporated herein by reference. Each Application for Payment shall include Schedule of Values and a detailed description of the Work completed to date, along with all supporting receipts, invoices, and lien waivers. All invoices shall be payable within thirty (30) days of receipt by Owner. Article 5.2. Contractor may submit to owner and, if directed, Architect a periodic Application for Payment. Payment shall be subject to the retainage requirements of Wyo. Stat. § 16-6-702. Contractor may submit a final payment request to Owner for the remaining balance of the Contract Sum (the “Final Payment”) once the Work is substantially completed. (“Substantial Completion” or “substantially complete” means that the Owner is able to use the Xxxxxxx Hole Middle School and Summit Innovation School as intended by the Owner). Owner shall determine in its sole discretion when Contractor has achieved Substantial Completion, which determination shall not be unreasonably withheld. Retainage shall be withheld from Payments to Contractor, as more specifically set forth in Article 5.5 below.
Sample 1Sample 2
APPLICATION FOR AND PAYMENT OF COMPENSATION. Article 5.1. All invoices shall be submitted to Owner on the AIA Application and Certification for Payment Form G702 or similar. Each Application for Payment shall include a Schedule of Values and a detailed description of the Work completed to date, along with all supporting receipts, invoices, and lien waivers. All invoices shall be payable within thirty (30) days of receipt by Owner. Article 5.4. Final Payment shall be made to Contractor by Owner when: 1. The Contractor has fully performed and completed the Work except for the Contractor’s responsibility to finish or correct punch list items or to satisfy other requirements, if any, which extend beyond the Final Payment; and 2. the Contractor has submitted a final accounting and pay application; and 3. the Owner has certified the final accounting and pay application and received all required lien waivers from Contractor, subcontractors, and material suppliers; and 4. the Contractor shall submit to Owner, properly indexed and placed in a loose-leaf binder (a) original warranties obtained by the Contractor with respect to the Work or roofing materials, (b) complete installation, operation and maintenance manuals relating to equipment or materials used in the Work such as manufacturers’ literature,
Sample 1
APPLICATION FOR AND PAYMENT OF COMPENSATION. All invoices shall be submitted to Owner on the Application and Certification for Payment Forms, attached hereto as Exhibit C and incorporated herein by reference. Each Application for Payment shall include Schedule of Values and a detailed description of the Work completed to date, along with all supporting receipts, invoices, and lien waivers. All invoices shall be payable within thirty (45) days of receipt by Owner.
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Related to APPLICATION FOR AND PAYMENT OF COMPENSATION

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Compensation and Payment Terms (a) Consultant’s fees for the Services shall be calculated at the rate(s) set forth in Exhibit “A” attached hereto. The Maximum Compensation to Consultant for the Services performed under this Agreement is One Hundred Ninety-Six Thousand Six Hundred Ninety-Seven and 70/100 Dollars ($196,697.70). In no event shall the amount paid by County to Consultant under this Agreement exceed said Maximum Compensation without an approved change order. (b) Consultant understands and agrees that the Maximum Compensation stated is an all-inclusive amount and no additional fee, cost or reimbursed expense shall be added whatsoever to the fees stated in the attached Exhibit “A.” (c) County will pay Consultant based on the following procedures: Upon completion of the tasks identified in the Scope of Services, Consultant shall submit to County staff person designated by the County Consultant, one (1) electronic (pdf) copy of the invoice showing the amounts due for services performed in a form acceptable to County. County shall review such invoices and approve them within 30 calendar days with such modifications as are consistent with this Agreement and forward same to the Auditor for processing. County shall pay each such approved invoice within thirty (30} calendar days. County reserves the right to withhold payment pending verification of satisfactory work performed.

  • Reduction of Compensation If the Firm fails to meet the submission date by less than thirty days for the draft report and/or working papers submitted to the Office of the State Auditor for review and approval or by less than thirty days from the completion date for the final reports and/or corrections to the working papers prescribed herein, the District may, with the consent of the Office of the State Auditor, reduce the agreed compensation by an amount not to exceed ten percent of the total contract price for the applicable fiscal year. If reports and/or corrections to the working papers are overdue by 30 days or more, the District may reduce, with the consent of the Office of the State Auditor, the agreed compensation by an amount not to exceed twenty percent of the total contract price for the Rev. 10/20 applicable fiscal year.

  • Form of Compensation Compensation for overtime shall be paid except where, upon request of the Employee, and with the approval of the Employer, or its representative, overtime may be granted in the form of time off in lieu of overtime hours worked.

  • Compensation and Payment 3.1 Consultant’s fees shall be calculated at the rates set forth in the attached Exhibit A. The Maximum Compensation for the performance of Services within the Scope of Services described in Exhibit A is ten thousand five hundred eighty-five dollars and no/100 ($10,585.00) as set forth in Exhibit A. In no case shall the amount paid by County under this Agreement exceed the Maximum Compensation without a written agreement executed by the parties. 3.2 All performance of the Scope of Services by Consultant including any changes in the Scope of Services and revision of work satisfactorily performed will be performed only when approved in advance and authorized by County. 3.3 County will pay Consultant based on the following procedures: Upon completion of the tasks identified in the Scope of Services, Consultant shall submit to County staff person designated by the County Engineer, one (1) electronic (pdf) copy of the invoice showing the amounts due for services performed in a form acceptable to County. County shall review such invoices and approve them within 30 calendar days with such modifications as are consistent with this Agreement and forward same to the Auditor for processing. County shall pay each such approved invoice within thirty (30) calendar days. County reserves the right to withhold payment pending verification of satisfactory work performed.

  • Compensation for Overtime Assigned overtime is designated as those hours over the regular hours of work which are requested of the employee by management. Assigned overtime worked shall be paid at the rate of time and one-half (1 1/2).

  • Compensation for Holidays Falling Within Vacation Schedule If a paid holiday falls on or is observed during an Employee's vacation period, she shall be allowed an additional vacation day with pay at a time mutually agreed upon by the Employer and the Employee.

  • COMPENSATION AND PAYMENTS 1.1 The Owner shall pay the Contractor to furnish all labor, equipment, materials and incidentals necessary for the construction of the Work described in the Specifications and shown on the Drawings the Contract Amount as shown below. Base Bid $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 1.2 The Contractor’s requisition shall contain sufficient detail and supporting information for the Owner to evaluate and support the payment requested. 1.2.1 Payments are due and payable twenty-five working days from the date of receipt of a Contractor requisition which is approved by the Owner. 1.2.2 Provisions for late payments are governed by 5 M.R.S. Chapter 144, Payment of Invoices Received from Business Concerns, and interest shall be calculated at 1% per month.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Survival of Compensation Rates All rights of compensation under this Agreement for services performed as of the termination date shall survive the termination of this Agreement.

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