Common use of Change Order Payment Clause in Contracts

Change Order Payment. Unless otherwise specified in the Change Order details, Buyer shall make payment for executed Change Orders as a lump sum against Honeywell’s invoice for the Change Order amount per the terms of such Change Order. If any adjustment results in a decrease in pricing, payments previously made shall be retained by Honeywell and will be applied to subsequent payments as they become due.

Appears in 11 contracts

Samples: Projects and Services Agreement, Projects and Services Agreement, Projects and Services Agreement

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Change Order Payment. Unless otherwise specified in the Change Order details, Buyer shall make payment for executed Change Orders as a lump sum against Honeywell’s invoice for the Change Order amount per the terms of such Change Order. If any adjustment results in a decrease in pricing, payments previously made shall be retained by Honeywell and will be applied to subsequent payments as they become due.. h.

Appears in 1 contract

Samples: Terms and Conditions

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