Common use of Construction Phase Payments Clause in Contracts

Construction Phase Payments. Payments for Pre-Construction Phase Services shall be made monthly based on the percentage completion of the Construction Manager’s required services for each stage of development of the Construction Documents and the procurement of Subcontractor bids/proposals in accordance with the following schedule: Pre Design Phase (Program) 5% Schematic Design Stage 10% Design Development Stage 20% GMP Development Stage 20% Construction Documents Stage 40% Subcontractor Bid/Proposal Stage 5% All payment requests for Pre-Construction Phase Services shall be submitted on an Application for Payment and Schedule of Values approved by the Owner and includes all required attachments identifying payments to Historically Underutilized Businesses and to all Subcontractors.

Construction Phase Payments. Payments for Pre-Construction Phase Services shall be made monthly based on the percentage completion of the Construction Manager’s required services for each stage of development of the Construction Documents and the procurement of Subcontractor bids/proposals in accordance with the following schedule: Pre Pre-Design Phase (Program) 5% Schematic Design Stage 10% Design Development Stage 20% GMP Development Stage 20% Construction Documents Stage 40% Subcontractor Bid/Proposal Stage 5% All payment requests for Pre-Construction Phase Services shall be submitted on an Application for Payment and Schedule of Values approved by the Owner and includes all required attachments identifying payments to Historically Underutilized Businesses and to all Subcontractors.

Construction Phase Payments. Payments for Pre-Construction Phase Services shall be made monthly based on the percentage completion of the Construction Manager’s required services for each stage of development of the Construction Documents and the procurement of Subcontractor bids/proposals in accordance with the following schedule: Pre Design Phase (Program) 5% Schematic Design Stage 1015% Design Development Stage 20% GMP Development Stage 20% Construction Documents Stage 40% Subcontractor Bid/Proposal Stage 5% All payment requests for Pre-Construction Phase Services shall be submitted on an Application for Payment and Schedule of Values approved by the Owner and includes all required attachments identifying payments to Historically Underutilized Businesses and to all Subcontractors.