Common use of Compensation to Engineer Clause in Contracts

Compensation to Engineer. This agreement is renewable on an annual basis, from the date of notice to proceed, for four (4) consecutive one-year terms, not to exceed a total term of five (5) years. Both the OWNER and the ENGINEER must agree to each annual renewal. Such agreement to each annual renewal will be in the form of a letter signed by authorized representatives of the OWNER and the ENGINEER. For this contract, maximum expenditures will not exceed $6,000,000 per year and will not exceed $2,500,000 per work order. If the Contract is extended, the ENGINEER must also provide proof that it has the insurance coverage required in Section XI of the contract. The ENGINEER shall prepare and submit monthly invoices for work in progress. If the invoice is approved, OWNER shall make payment within 30 days.

Compensation to Engineer. This agreement is renewable on an annual basis, from the date of notice to proceed, for four two (42) consecutive one-one- year terms, not to exceed a total term of five three (53) years. Both the OWNER and the ENGINEER must agree to each annual renewal. Such agreement to each annual renewal will be in the form of a letter signed by authorized representatives of the OWNER and the ENGINEER. For this contract, maximum expenditures will not exceed $6,000,000 5,000,000 per year and will not exceed $2,500,000 1,000,000 per work order. If the Contract is extended, the ENGINEER must also provide proof that it has the insurance coverage required in Section XI of the contract. The ENGINEER shall prepare and submit monthly invoices for work in progress. If the invoice is approved, OWNER shall make payment within 30 days.

Compensation to Engineer. This agreement is renewable on an annual basis, from the date of notice to proceed, for four (4) consecutive one-year terms, not to exceed a total term of five (5) years. Both the OWNER and the ENGINEER must agree to each annual renewal. Such agreement to each annual renewal will be in the form of a letter signed by authorized representatives of the OWNER and the ENGINEER. For this contract, maximum expenditures will not exceed $6,000,000 8,000,000 per year and will not exceed $2,500,000 per work order. If the Contract is extended, the ENGINEER must also provide proof that it has the insurance coverage required in Section XI of the contract. The ENGINEER shall prepare and submit monthly invoices for work in progress. If the invoice is approved, OWNER shall make payment within 30 days.