Common use of Construction Phase Payments Clause in Contracts

Construction Phase Payments. 12.3.1 Payments for Construction Phase Services shall be made as provided for in the Uniform General Conditions for University of Texas System Building Construction Contracts and the Owner’s Specifications. All payment requests shall be submitted on an Application for Payment with a schedule of values approved by the Owner and include all required attachments identifying payments to Historically Underutilized Businesses and to all Subcontractors. Payment for approved Change Orders shall be made as part of the Construction Manager's Application for Payment. Failure to submit “HUB Progress Assessment Report Documentations of Subcontracted Work” form with each Application for Payment Application will cause rejection of the application by the Owner and its return to the Construction Manager. 12.3.2 The Construction Manager’s Construction Phase Fee shall be shown as a separate line item on the Schedule of Values. Payment of the Construction Manager’s Construction Phase Fee shall be made with each Application for Payment in the same proportion as the percentage completion of the Cost of the Work of the Project.

Construction Phase Payments. 12.3.1 Payments for Construction Phase Services shall be made as provided for in the Uniform General Conditions for University of Texas System Building Construction Contracts and the Owner’s Specifications. All payment requests shall be submitted on an Application for Payment with a schedule of values approved by the Owner and include all required attachments identifying payments to Historically Underutilized Businesses and to all Subcontractors. Payment for approved Change Orders shall be made as part of the Construction ManagerDesign/Build Contractor's Application for Payment. Failure to submit “HUB Progress Assessment Report Documentations of Subcontracted Work” form with each Application for Payment Application will cause rejection of the application by the Owner and its return to the Construction ManagerDesign/Build Contractor. 12.3.2 The Construction ManagerDesign/Build Contractor’s Construction Phase Fee and Construction Contract Administration Fee shall each be shown as a separate line item items on the Schedule of Values. Payment of the Construction ManagerDesign/Build Contractor’s Construction Phase Fee shall be made with each Application for Payment in the same proportion as the percentage completion of the Cost of the Work of the Project.

Construction Phase Payments. 12.3.1 Payments for Construction Phase Services shall be made as provided for in the Uniform General Conditions for University of Texas System Building Construction Contracts and the Owner’s Specifications. All payment requests shall be submitted on an Application for Payment with a schedule of values approved by the Owner and include all required attachments identifying payments to Historically Underutilized Businesses and to all Subcontractors. Payment for approved Change Orders shall be made as part of the Construction Manager's Application for Payment. Failure to submit “HUB Progress Assessment Report Documentations of Subcontracted Work” form with each Application for Payment Application will cause rejection of the application by the Owner and its return to the Construction Manager. 12.3.2 The Construction Manager’s Construction Phase Fee shall be shown as a separate line item on the Schedule of Values. Payment of the Construction Manager’s Construction Phase Fee shall be made with each Application for Payment in the same proportion as the percentage completion of the Cost of the Work of the Project.

Construction Phase Payments. 12.3.1 Payments for Construction Phase Services shall be made as provided for in the Uniform General Conditions for University of Texas System Building Construction Contracts and the Owner’s Specifications. All payment requests shall be submitted on an Application for Payment with a schedule of values approved by the Owner and include all required attachments identifying payments to Historically Underutilized Businesses and to all Subcontractors. Payment for approved Change Orders shall be made as part of the Construction Manager's Application for Payment. Failure to submit “HUB Progress Assessment Report Documentations of Subcontracted Work” form with each Application for Payment Application will cause rejection of the application by the Owner and its return to the Construction Manager. 12.3.2 The Construction Manager’s Construction Phase Fee shall be shown as a separate line item on the Schedule of Values. Payment of the Construction Manager’s Construction Phase Fee shall be made with each Application for Payment in the same proportion as the percentage completion of the Cost of the Work of the Project.. DRAFT