Common use of CERTIFICATE FOR PAYMENT Clause in Contracts

CERTIFICATE FOR PAYMENT. Owner Parties will review each Application for Payment and either: (i) issue to Owner a Certificate for Payment indicating Contractor is due the amount set forth in such Application for Payment; (ii) issue to Owner a Certificate for Payment indicating Contractor is due an amount less than as requested, in which case the Certificate shall state the amount due, or (iii) notify Owner in writing of reasons to withhold payment. In the event Owner Parties determine Contractor is not entitled to the amount requested in an Application for Payment, Owner Parties shall forward to Contractor the reasons for withholding all or a portion of the payment requested. In the event Contractor disputes amounts withheld, Contractor shall have a Claim for such amounts.‌ Owner Parties’ issuance of a Certificate for Payment constitutes a representation to Owner that, based on Owner Parties’ Site observations and the data comprising the Application for Payment, the Work has progressed to the point indicated in Contractor’s Application for Payment, that, to the best of Owner Parties’ knowledge, information, and belief, the quality of the Work is in accordance with the Contract Documents, and that Contractor is entitled to payment in the certified amount.

Appears in 7 contracts

Samples: General Contractor Agreement, General Contractor Agreement, General Contractor Agreement

AutoNDA by SimpleDocs

CERTIFICATE FOR PAYMENT. Owner Parties will review each Application for Payment and either: (i) issue to Owner a Certificate for Payment indicating Contractor is due the amount set forth in such Application for Payment; (ii) issue to Owner a Certificate for Payment indicating Contractor is due an amount less than as requested, in which case the Certificate shall state the amount due, or (iii) notify notify‌ Owner in writing of reasons to withhold payment. In the event Owner Parties determine Contractor is not entitled to the amount requested in an Application for Payment, Owner Parties shall forward to Contractor the reasons for withholding all or a portion of the payment requested. In the event Contractor disputes amounts withheld, Contractor shall have a Claim for such amounts.‌ amounts. Owner Parties’ issuance of a Certificate for Payment constitutes a representation to Owner that, based on Owner Parties’ Site observations and the data comprising the Application for Payment, the Work has progressed to the point indicated in Contractor’s Application for Payment, that, to the best of Owner Parties’ knowledge, information, and belief, the quality of the Work is in accordance with the Contract Documents, and that Contractor is entitled to payment in the certified amount.

Appears in 2 contracts

Samples: Design Build Agreement, Design Build Agreement

CERTIFICATE FOR PAYMENT. Owner Parties will review each Application for Payment and either: (i) issue to Owner a Certificate for Payment indicating Contractor is due the amount set forth in such Application for Payment; (ii) issue to Owner a Certificate for Payment indicating Contractor is due an amount less than as requested, in which case the Certificate shall state the amount due, or (iii) notify Owner in writing of reasons to withhold payment. In the event Owner Parties determine Contractor is not entitled to the amount requested in an Application for Payment, Owner Parties shall forward to Contractor the reasons for withholding all or a portion of the payment requested. In the event Contractor disputes amounts withheld, Contractor shall have a Claim for such amounts.‌ SAMPLE Owner Parties’ issuance of a Certificate for Payment constitutes a representation to Owner that, based on Owner Parties’ Site observations and the data comprising the Application for Payment, the Work has progressed to the point indicated in Contractor’s Application for Payment, that, to the best of Owner Parties’ knowledge, information, and belief, the quality of the Work is in accordance with the Contract Documents, and that Contractor is entitled to payment in the certified amount.

Appears in 1 contract

Samples: Design Build Agreement

AutoNDA by SimpleDocs

CERTIFICATE FOR PAYMENT. Owner Parties will review each Application for Payment and either: (i) issue to Owner a Certificate for Payment indicating Contractor is due the amount set forth in such Application for Payment; (ii) issue to Owner a Certificate for Payment indicating Contractor is due an amount less than as requested, in which case the Certificate shall state the amount due, or (iii) notify Owner in writing of reasons to withhold payment. In the event Owner Parties determine Contractor is not entitled to the amount requested in an Application for Payment, Owner Parties shall forward to Contractor the reasons for withholding all or a portion of the payment requested. In the event Contractor disputes amounts withheld, Contractor shall have a Claim for such amounts.‌ amounts. Owner Parties’ issuance of a Certificate for Payment constitutes a representation to Owner that, based on Owner Parties’ Site observations and the data comprising the Application for Payment, the Work has progressed to the point indicated in Contractor’s Application for Payment, that, to the best of Owner Parties’ knowledge, information, and belief, the quality of the Work is in accordance with the Contract Documents, and that Contractor is entitled to payment in the certified amount.

Appears in 1 contract

Samples: Design Build Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.