Calculation of Monthly Payment. 1. Multiply the total, actual hours worked for the Key Personnel and additional resource personnel by the fixed hourly rate.
Calculation of Monthly Payment. The Department shall make monthly partial progress payments to the contractor in general accordance with Section 109.06 of the TDOT Standard Specifications, 23 CFR 635.122, and Circular Letter 109.02-02. , the amount of each progress payment for Construction Phase Services Work shall be computed by the Department as follows:
Calculation of Monthly Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment for Construction Phase Services Work shall be computed by the Owner as follows:
Calculation of Monthly Payment. (a) The Monthly Payment for Delivered Electricity during a Contract Hour is equal to:
Calculation of Monthly Payment. (a) [Insert]
Calculation of Monthly Payment. 3.1.1 The Monthly Payment ("MPm") shall be calculated in accordance with the following formula and such payment shall be made in accordance with Clause 56 (Payment and Financial Matters) of this Contract: MPm = MUPm +CCm + NCSPm-1 +/– ECSm – CAm – TMAm +/- XXx where: MUPm = the Monthly Unitary Payment in respect of the Month, and calculated in accordance with the formula in paragraph 3.1.2 below; CCm = The Capital Contribution in respect of the Month and calculated in accordance with the formula in paragraph 3.1.4 below; NCSPm-1 = any Non-Core Services Payment due in relation to the Month 1 Month prior to the current Month and calculated in accordance with Paragraphs 2 and 3 of Schedule 7 (Non-Core Services) of the Contract; ECSm = any Energy Consumption Savings in respect of the Month, due to the Authority or to the Service Provider, and calculated in accordance with paragraph 3.5 of this Schedule 4 (Payment Mechanism); CAm = any Carbon Adjustment in respect of the Month, due to the Authority, and calculated in accordance with paragraph 6 of this Schedule 4 (Payment Mechanism); TMAm = any Traffic Management Adjustment in respect of the Month, due to the Authority, and calculated in accordance with paragraph 7 of this Schedule 4 (Payment Mechanism); XXx = any Sundry Adjustments due for the Month including: • The agreed Sundry Adjustment in relation to in accordance with paragraph 8 of this Schedule 4 (Payment Mechanism); • any interest payable by the Authority to the Service Provider under this Contract; • any interest payable by the Service Provider to the Authority under this Contract; • any adjustments to reflect previous overpayments; • any adjustments to reflect previous underpayments; • any adjustment due in respect of Agreed Abatement under Schedule 18 (Change Protocol) of the Contract; • any other amounts payable by the Authority to the Service Provider under the Contract; and • any other amounts payable by the Service Provider to the Authority under the Contract.
Calculation of Monthly Payment
