COMPENSATION AND PROGRESS PAYMENTS Clause Samples

COMPENSATION AND PROGRESS PAYMENTS. 2.1 Compensation for Work Performed Prior To Execution of Design-Build Amendment § 2.1.1 Unless otherwise agreed, payments for Work performed prior to Execution of the Design-Build Amendment shall be made monthly. For the Design-Builder’s performance of Work prior to the execution of the Design-Build Amendment, the Owner shall compensate the Design-Builder as follows: § 2.1.2 The hourly billing rates for services of the Design-Builder and the Design-Builder’s Contractors, if any, are set forth below.

COMPENSATION AND PROGRESS PAYMENTS. § 2.1 Compensation for Work Performed Prior To Execution of Design-Build Amendment § 2.1.1 Unless otherwise agreed, payments for Work performed prior to execution of the Design-Build Amendment shall be made monthly. With each payment application, the Design-Builder must submit two pay requests for the invoice period, one for design services and one for construction services. Additional Payment requirements can be found in Exhibit B, Minority/Women Business (M/WBE) Special Contract Provisions. For the Design-Builder’s performance of Work prior to the execution of the Design-Build Amendment, the Owner shall compensate the Design-Builder as follows: § 2.1.1.1 The hourly billing rates for services of the Design-Builder and the Design-Builder’s Architect, Consultants, and Contractors, if any are set forth below. Individual or Position Rate ($0.00) § 2.1.2 Unless a shorter time period is provided for in this Agreement, the Design-Builder shall pay all Contractors, Consultants, and similar persons no later than the period provided by the Texas Prompt Pay Act (Texas Government Code Chapter 2251). § 2.1.3 Reserved § 2.1.4 Payments to the Design-Builder Prior To Execution of Design-Build Amendment § 2.1.4.1 Payments for undisputed amounts are due and payable within forty-five (45) days of the Owner’s receipt of the Design-Builder’s invoice that is submitted in accordance with the Contract and any other written instructions given to Design-Builder by Owner prior to submission of such invoice. Amounts unpaid forty-six (46) days after the Owner’s receipt of the invoice shall bear interest at the rate set forth in Texas Government Code § 2251.025. With each payment application, the Design-Builder must submit two pay requests for the invoice period, one for design services and one for construction services/work. Additional Payment requirements can be found in Exhibit B, Minority/Women Business (M/WBE) Special Contract Provisions. § 2.1.4.2 Records of Reimbursable Expenses and services performed on the basis of hourly rates shall be available to the Owner on request for a period of four years following the date of final payment by the Owner to the Design- Builder.

COMPENSATION AND PROGRESS PAYMENTS. 2.1 Compensation for Work Performed Prior To Execution of Design-Build Amendment § 2.1.1 Unless otherwise agreed, payments for Work performed prior to Execution of the Design-Build Amendment shall be made monthly. For the Design-Builder’s performance of Work prior to the execution of the Design-Build Amendment, the Owner shall compensate the Design-Builder as follows:

COMPENSATION AND PROGRESS PAYMENTS. § 2.1 Compensation for Work Performed Prior To Execution of Design-Build Amendment § 2.1.1 Unless otherwise agreed, payments for Work performed prior to Execution of the Design-Build Amendment shall be made monthly. For the Design-Builder’s performance of Work prior to the execution of the Design-Build Amendment, the Owner Manager shall compensate the Design-Builder as follows: «Design Services are a not-to-exceed amount of TBD Dollars ($TBD) be compensated on a percent complete basis» § 2.1.2 The hourly billing rates for services of the Design-Builder and the Design-Builder’s Architect, Consultants and Contractors, if any, are set forth below. § 2.1.3 Compensation for Reimbursable Expenses Prior To Execution of Design-Build Amendment .1 Transportation and authorized out-of-town travel and subsistence; .2 Dedicated data and communication services, teleconferences, Project web sites, and extranets; .3 Fees paid for securing approval of authorities having jurisdiction over the Project; .4 Printing, reproductions, plots, standard form documents; .5 Postage, handling and delivery;

COMPENSATION AND PROGRESS PAYMENTS. § 2.1 Compensation for Work Performed Prior To Execution of the Design-Build Amendment § 2.1.1 For the Design-Builder’s performance of Work prior to the execution of the Design-Build Amendment, as set forth in Article 4 of this Agreement, the Owner will pay the Design-Builder as follows: § 2.1.2 The hourly billing rates for services of the Design-Builder and the Design-Builder’s Consultants, Contractor’s, if any, are set forth below. § 2.1.3 Compensation for Reimbursable Expenses Prior To Execution of Design-Build Amendment § 2.1.3.1 Reimbursable Expenses are in addition to compensation set forth in Section 2.1.1 and 2.1.2 and include expenses incurred by the Design-Builder, and the Design-Builder‘s Consultants and Contractors, directly related to the Project, prior to execution of the Design-Build Amendment, as follows: .1 Transportation and authorized out-of-town travel (i.e., more than 200 miles from the Project site) and subsistence, but only to the extent approved in advance in writing by Owner’s representative and in accordance with the OSU travel policy; .2 Fees paid for securing approval of authorities having jurisdiction over the Project; .3 Printing, reproductions, plots, standard form documents; .4 Postage, handling and delivery; .5 Expense of overtime work requiring higher than regular rates, if authorized in advance in writing by the Owner’s representative .6 Renderings, models, mock-ups, professional photography, and presentation m Owner’s representative or required by reviewing authorities;

COMPENSATION AND PROGRESS PAYMENTS. 2.1 Compensation for Work Performed Prior To Execution of Design-Build Amendment § 2.1.1 Payments for Phase 1 of the Work performed prior to execution of the Design-Build Amendment shall be made monthly based on the agreed schedule of values attached as Exhibit E. Compensation for Design and Preconstruction Services (Phase 1) total: $ § 2.1.2 Compensation for Phase 1 of the Work performed prior to execution of the Design-Build Amendment shall be based upon a lump sum amount of $ for complete design and pre-construction services including but not limited to: .1 Evaluation of Owner’s Criteria

COMPENSATION AND PROGRESS PAYMENTS. § 2.1.1 Deleted in its entirety. § 2.1.2 Deleted in its entirety. § 2.1.3 Deleted in its entirety, § 2.1.4 Payments to the Design-Builder Prior To Execution of Design-Build Amendment § 2.1.4.1 Payments are due and payable within fifteen (15) days of the presentation of the Design-Builder’s invoice and the information to be provided as set forth in Section 2.1.1 and the satisfaction of the other requirement for performance of Work. § 2.1.4.2 Records of Reimbursable Expenses and services performed on the basis of hourly rates shall be available to the Owner at mutually convenient times for a period of two years following execution of the Design-Build Amendment or termination of this Agreement, whichever occurs first.

COMPENSATION AND PROGRESS PAYMENTS. 2.1 Compensation for Work Performed Prior To Execution of Design-Build Amendment 1.1 Unless otherwise agreed, payments for Work performed prior to Execution of the Design-Build Amendment shall be made monthly. For the Design-Builder’s performance of Work prior to the execution of the Design-Build Amendment, the Owner shall compensate the Design-Builder as follows: All Work performed prior to execution of the Design-Build Amendment shall be credited against the Contract Sum established by the Design-Build Amendment and shall be recorded against the appropriate Schedule of Values for that Work under the Contract Sum established in the Design-Build Amendment.

COMPENSATION AND PROGRESS PAYMENTS. 2.1 Compensation for Work Performed Prior To Execution of Design-Build Amendment § 2.1.1 Unless otherwise agreed, payments for Work performed prior to Execution of the Design-Build Amendment shall be made monthly. For the Design-Builder’s performance of Work prior to the execution of the Design-Build Amendment, the Owner shall compensate the Design-Builder as follows: § 2.1.2 The hourly billing rates for services of the Design-Builder and the Design-Builder’s Architect, Consultants and Contractors, if any, are set forth below. Individual or Position Rate § 2.1.3 Compensation for Reimbursable Expenses Prior To Execution of Design-Build Amendment § 2.1.3.1 Reimbursable Expenses are in addition to compensation set forth in Section 2.1.1 and 2.1.2 and include expenses, directly related to the Project, incurred by the Design-Builder and the Design-Builder’s Architect, Consultants, and Contractors, as follows: NONE