Common use of Calculation of Payment Clause in Contracts

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU General Conditions; (c) Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of 5.B.3.of the OSU General Conditions; (c) Add the CM/GC's ’s Fee. The portion of the CM/GC's ’s Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied nullified payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU General Conditions; (c) Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU General Conditions; (c) Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed computed, and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU General Conditionscompliance; (c) Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU OUS General Conditions; (c) Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) A. Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) B. Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU General ConditionsExhibit A; (c) C. Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses subsections (a) and (b) above bears to the estimated probable Cost of the Work described in Article 6.1.2Section 5.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) D. Subtract the aggregate of previous payments made by and retained by the Owner; (e) E. Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) F. Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) G. Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU General Conditions; (c) Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee;; SAMPLE (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a1) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under based on the Schedule of Values monthly progress schedule update by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner City of changes in the Work, amounts not in dispute shall be included. For the lump-sum General Conditions, the amount payable will be equal to the amount allocated to General Conditions multiplied by the overall percent complete for the Project; (b2) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU General Conditions; (c3) Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2paragraph 8..a., but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d4) Subtract the aggregate of previous payments made by and retained by the OwnerCity; (e5) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner City in such documentation; (f6) Subtract any amounts for which the OwnerCity’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g7) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP MACC properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP MACC allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP MACC properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 Article 9 of the OSU UNM General Conditions; (c) Add the CM/GC's General Conditions. The Fixed Cost of General Conditions shall be paid in equal installments monthly over the number of months of the scheduled Construction Phase, commencing with the first progress billing after commencement of the Construction Phase; (d) Add the CM AT RISK’s Fee. The portion of the CM/GC's CM AT RISK’s Fee payable shall be an amount that bears the same ratio to CM/GC CM AT RISK Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC FeeMACC; (de) Subtract the aggregate of previous payments made by and retained by the Owner; (ef) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (fg) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied nullified payment as provided in the Contract Documents; and (gh) Subtract 5% retainage on the entire progress paymentif applicable.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU Oregon Tech General Conditions; (c) Add the CM/GC's ’s Fee. The portion of the CM/GC's ’s Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.payment.‌

Calculation of Payment. Subject to other provisions of the Contract Agreement Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU PSU General Conditions, as adjusted in the Supplemental General Conditions; (c) Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Agreement Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU General Conditions; (c) Add the CM/GCContractor's Fee. The portion of the CM/GCContractor's Fee payable shall be an amount that bears the same ratio to CM/GC Contractor Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.26.1, but in no event causing total CM/GC Contractor Fee payments to exceed the total CM/GC Contractor Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU PSU General Conditions, as adjusted in the Supplemental General Conditions; (c) Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU Oregon Tech General Conditions; (c) Add the CM/GC's ’s Fee. The portion of the CM/GC's ’s Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly property allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU General ConditionsExhibit A; (c) Add the CM/GC's GC Fee. The portion of the CM/GC's GC Fee payable shall be an amount that bears the same ratio to the CM/GC Fee as the sum of the amounts in the two preceding Clauses subsections (a) and (b) above bears to the estimated probable Cost of the Work described in Article 6.1.2Section 5.3.1, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of 5.B.3.of the OSU General Conditions; (c) Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied nullified payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.

Calculation of Payment. Subject to other provisions of the Contract Documents, the amount of each progress payment shall be computed and the calculations included in each Application for payment as follows: (a) Take that portion of the GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner of changes in the Work, amounts not in dispute shall be included; (b) Add that portion of the GMP properly allocable to materials and equipment delivered and suitably stored and otherwise in compliance with Section E.2.3 of the OSU OUS General Conditions, as adjusted in the Supplemental General Conditions; (c) Add the CM/GC's Fee. The portion of the CM/GC's Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the estimated probable Cost of the Work described in Article 6.1.2, but in no event causing total CM/GC Fee payments to exceed the total CM/GC Fee; (d) Subtract the aggregate of previous payments made by and retained by the Owner; (e) Subtract the shortfall, if any, indicated by the documentation required to substantiate prior applications for payment, or resulting from errors subsequently discovered by the Owner in such documentation; (f) Subtract any amounts for which the Owner’s Authorized Representative has withheld or denied payment as provided in the Contract Documents; and (g) Subtract 5% retainage on the entire progress payment.