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 UGC Article 10 and in the Owner’s Specifications in Division 1, subject to the conditions and terms of this Agreement. All payment requests shall be submitted on an Application for Payment with a Schedule of Values approved by the Owner and shall 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 CM's Application for Payment. Change Orders shall be listed separately on the Application for Payment form. Failure to submit “HUB Progress Assessment Report Documentations of Subcontracted Work” form with each Application for Payment Application will cause rejection of the pay application by the Owner and its return to the CM. 12.3.1.1 The CM shall submit for Owner’s approval a submittal schedule that provides for the purchase of all materials necessary for the Work within the first twenty-five percent (25%) of the Construction Phase, as shown on the approved construction schedule. In the event that exigent circumstances prevent the CM from complying with this requirement, CM shall request the ODSR’s written approval, prior to initial submission of the submittal schedule, for a variance from this requirement, and shall comply with the terms of any such variance. 12.3.2 The CM’s Construction Phase Fee shall be shown as a separate line item on the Schedule of Values. CM’s Construction Phase Fee shall be paid monthly in the same proportion as the approved 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 UGC Article 10 and in the Owner’s Specifications in Division 1Specifications, subject to the conditions and terms of this Agreement. All payment requests shall be submitted on an Application for Payment with a Schedule of Values approved by the Owner and shall 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 CM's Application for Payment. Change Orders shall be listed separately on the Application for Payment form. Failure to submit “HUB Progress Assessment Report Documentations of Subcontracted Work” form with each Application for Payment Application will cause rejection of the pay application by the Owner and its return to the CM. 12.3.1.1 The Within sixty (60) days after the GMP Proposal is approved and accepted by the Owner, the CM shall submit for Owner’s approval a submittal schedule that provides for the purchase of all materials necessary for the Work within the first twenty-five percent (25%) of the Construction Phase, as shown on the approved construction schedule. In the event that exigent circumstances prevent the CM from complying with this requirement, CM shall request the ODSR’s written approval, prior to initial submission of the submittal schedule, for a variance from this requirement, and shall comply with the terms of any such variance. 12.3.2 The CM’s Construction Phase Fee shall be shown as a separate line item on the Schedule of Values. CM’s Construction Phase Fee shall be paid monthly in the same proportion as the approved percentage completion of the Cost of the Work of the Project.