APPLICATIONS FOR PROGRESS PAYMENT. The Subcontractor shall submit to the Contractor applications for payment, on the form required by the Owner/Contractor Contract or, if no form is specified, then on AIA Document G702/703 or such other form as the Contractor directs. The applications for payment shall be submitted on the dates or at the intervals specified by the Contractor. Each Application for Payment shall describe the Work performed during the preceding payment period for which payment is requested, as specified in the form, and include such documentation as the Contractor may reasonably require. Among other things, but without limitation, the Subcontractor may be required to provide releases of liens and invoices to verify costs incurred and claimed and certified payrolls. With each application for payment, the Subcontractor must also submit a waiver of mechanic's liens in the form attached as Schedule G, constituting a conditional waiver of liens with respect to all Work for which payment is rightfully due. Incorrect or incomplete Applications and documentation will be rejected. Unless indicated otherwise by the Contractor, if the value of this Subcontract is or becomes $100,000 or more, then Second Tier Releases in the form specified in Schedule J, or such other form specified by the Contractor, are required. After the Subcontractor has received payment for the first Application for Payment, Second Tier Releases are required from all subsubcontractors and suppliers listed on Schedule I before payment will be made for each succeeding Application for Payment. The Second Tier Release confirms payment of the Subcontractor's subsubcontractors and suppliers for the period for which the Subcontractor has been paid and must be received before the Subcontractor's payment for the next payment period can be released.
APPLICATIONS FOR PROGRESS PAYMENT. 5.3.1 Applications for payment on account as provided in paragraph 7.1.1 of Article A-7 of the Agreement – PAYMENT may be made monthly as the Work progresses.
APPLICATIONS FOR PROGRESS PAYMENT. GC5.2 is deleted in its entirety and replaced with the following:
APPLICATIONS FOR PROGRESS PAYMENT. (a) Add GC 5.2.8, as follows:
APPLICATIONS FOR PROGRESS PAYMENT. 7.3.1 CM@Risk shall deliver to Design Professional (or such other person as is designated by Owner) on the last Day of each month a sworn application for progress payment in the “Exhibit C – Cost of the Work – Schedule of Values” to the Agreement format as specified by Owner. A copy of the pay application shall be concurrently provided to Owner. Each such application for payment shall be based on the Schedule of Values and be in an amount determined by the percentage of completion of the Work in the month being billed. It shall show the percentage of completion of each category of the Work performed in the billing period. The payment application shall be accompanied (as separate documents) by (a) an updated CPM Schedule and narrative schedule update report as provided for herein, and (b) conditional lien waivers from each Subcontractor or supplier entitled to progress payment thereunder. In addition, the CM@Risk shall provide the following documentation upon specific request by Owner: a) a written accounting in a form agreed by CM@Risk and Owner of the Actual Cost of the Work completed, b) a report by CM@Risk on Subcontractor buy-out status, contract sums, and Subcontractor pay applications, c) a copy of job cost ledger, d) a copy of timecards for all employees charged to the Project and e) a copy of Construction General Conditions invoices and purchase orders, each for the time periods periodically requested by Owner. All meal expenses included in Construction General Conditions shall be supported by a copy of the credit card receipt (if applicable) and a detailed copy of the bill, with a written list of attendees and business purpose of the meeting/meal included.
APPLICATIONS FOR PROGRESS PAYMENT. 21. Subsection 5.2.3 is amended by:
APPLICATIONS FOR PROGRESS PAYMENT. 6.3.1 Design-Builder shall deliver to the Owner on the last business Day of each month a sworn application for progress payment, in a format identical to the Schedule of Values approved under Article 6.2.1 above. Each such application for payment shall be based on the Schedule of Values and be in an amount determined by the percentage of completion of the Work in the month being billed. It shall show the percentage of completion of each category of the Work performed in the billing period. The payment application shall be accompanied (as separate documents) by (a) an updated CPM Schedule and narrative schedule update report as provided for herein, (b) conditional lien waivers from each Subcontractor or supplier entitled to progress payment thereunder, and (c) confirmation of updated as-built documents. In addition, the Design-Builder shall provide the following documentation upon specific request by Owner: a) a written accounting in a form agreed to by Design-Builder and Owner of the Cost of Work completed, and b) a report by Design-Builder on Subcontractor buy-out status, contract sums, and Subcontractor pay applications.
APPLICATIONS FOR PROGRESS PAYMENT. Change paragraph 5.2.2, first line “dated the last day” to read “dated as of the last day” Add to the end of paragraph 5.2.3 the following: “less the aggregate of previous payments and holdback percentages” Change paragraph 5.2.7 to read:
APPLICATIONS FOR PROGRESS PAYMENT. XXXX Contractor shall deliver to Project Engineer (or such other person as is designated by CPRA) on the last of each month an application of progress payment in Appendix 508B – Cost of the Work – Schedule of Values in the format specified by CPRA. Each such application for payment shall be based on the Schedule of Values and be in an amount determined by the percentage of completion of the Work in the month being billed. It shall show the percentage of completion of each category of the Work performed in the billing period. The payment application shall be accompanied (as separate documents) by: An updated CPM Schedule and narrative schedule update report as provided for herein, and Conditional lien waivers from each subcontractor entitled to progress payment thereunder; and Form SAF In addition, the XXXX Contractor shall provide the following documentation upon specific request by CPRA: A written accounting in a form agreed by XXXX Contractor and CPRA of the Actual Cost of the Work completed, including copies of all receipts, invoices with check vouchers or other evidence of payment, payrolls, and any and all other evidence which CPRA or its designated representatives shall deem necessary to support the amount requested. This information is subject to audit and payment for these costs is dependent on CPRA’s receipt of accurate and complete records of all transactions; and A report by XXXX Contractor on subcontractor buy-out status, contract sums, and subcontractor pay applications, and A copy of job cost ledger; and A copy of timecards for all employees charged to the Project; and A copy of Construction General Condition’s invoices and purchase orders, each for the time periods periodically requested by CPRA. Copies of receipts and/or invoices shall be provided. The Construction margin identified in Part 1 of the Contract, shall be shown as a separate column identifying the percent on each line item on the Schedule of Contract Values for the Project. Payment of the XXXX Contractor’s margin percentage (Overhead and Profit) shall be calculated based on approved invoiced quantities for pay items in the schedule of values. Payments by CPRA to the XXXX Contractor shall be made as described in applicable provisions governing testing, inspection and acceptance in the special provisions or documented elsewhere in the Contact Documents. Payments for subcontractor work shall not exceed the percentage of Work allocated to that subcontractor for any particular work ...
APPLICATIONS FOR PROGRESS PAYMENT. 1 Add to the end of paragraph 5.2.7 the following new sentence: Any Products delivered to the Place of the Work but not yet incorporated into the Work shall remain at the risk of the Contractor notwithstanding that title has passed to the Owner pursuant to General Condition 13.1 - OWNERSHIP OF MATERIALS.
