Contract Sum or GMP Schedule of Values Sample Clauses

Contract Sum or GMP Schedule of Values. Contractor shall submit a single document itemizing the breakdown of the Contract Sum, including general conditions, contingencies and allowances using Owner’s Standard Schedule of Values format. Contractor shall submit a draft breakdown at least twenty-one (21) days prior to submitting the initial Application for Payment and such submittal shall be a condition precedent to the processing of the first payment application. Contractor shall submit subsequent draft copies of the Schedule of Values at least seven (7) days prior to formal submission of each monthly Application for Payment. 2.4.4.1.1 The Schedule of Values breakdown shall follow the trade divisions of the specifications and shall be itemized by submittal, floor, area, elevation or other building systems, as a minimum. The breakdown shall include a labor and material breakdown for each line item and be of such detail as may be required by Owner and/or A/E, but in general shall limit each line item to less than $100,000. 2.4.4.1.2 Commissioning activities shall be identified as a line item on the Schedule of Values in sufficient detail to allow for Owner’s monthly review of progress. 2.4.4.1.3 No adjustment to the original detailed breakdown of a Schedule of Values line item shall be made once accepted by Owner and A/E. Once accepted, the breakdown will form the basis for all periodic payments. 2.4.4.1.4 For projects using construction manager-at-risk or design-build delivery, Contractor may adjust the detailed breakdown of a General Conditions Cost line item if the total amount for a General Conditions Cost line item exceeds one hundred percent (100%). A corresponding amount shall be deducted from another General Condition Cost line item(s) or the Construction Phase Fee to pay for the General Conditions Cost line item overage. 2.4.4.1.5 Contractor shall not use Subcontractor invoices/pay applications in lieu of submitting a Schedule of Values. 2.4.4.1.6 The breakdown shall anticipate future Change Orders and make provisions for incorporating all changes into the Schedule of Values listing. If issued, Change Orders shall be identified separately and shall itemize the GMP Change Orders, Change Proposals and/or field orders, which are incorporated into each Change Order for payment on a line-item basis as required by this section. 2.4.4.1.6.1 Payments shall not be made for work contained in unexecuted Change Orders. 2.4.4.1.7 For Projects for which the Contract Sum is developed through the submittal...
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Related to Contract Sum or GMP Schedule of Values

  • Schedule of Values 9.2.1 Before the first Application for Payment, the Contractor shall submit to the Architect a schedule of values allocated to the various portions of the Work, prepared in such form and supported by such data to substantiate its accuracy as the Architect may require. This schedule, unless objected to by the Architect, shall be used only as a basis for the Contractor's Applications for Payment.

  • Contract Schedule The information set forth in the Contract Schedule is true and correct.

  • Pay Schedule 50.01 The regularly scheduled pay day shall be bi-weekly, every other Friday. Pay shall be by direct deposit to the employee’s financial institute as on record with the Employer, with an electronic pay statement issued to the employee on or before the pay date. 50.02 The employee’s pay stub shall be delivered to the employee’s workplace and distributed to the employee on or before the specified pay date. 50.03 Employees shall be paid in accordance with Schedule “A” of this agreement.

  • PROGRESS SCHEDULE The Contractor, within ten (10) working days of receiving notice of the award of the contract, shall prepare and submit for the State's and Architect's information an estimated progress schedule for the Work. The progress schedule shall be related to the entire Project to the extent required by the Contract Documents, and shall provide for expeditious and practicable execution of the Work.

  • CONTRACT SUM 9.1.1 The Contract Sum is stated in the State-Contractor Agreement and, including authorized adjustments thereto, is the total amount payable by the State to the Contractor for the performance of the Work under the Contract Documents.

  • Recovery Schedule If the initial schedule or any current updates fail to reflect the Work’s actual plan or method of operation, or a contractual milestone date is more than fifteen (15) days behind, Owner may require that a recovery schedule for completion of the remaining Work be submitted. The Recovery Schedule must be submitted within seven (7) calendar days of Owner’s request. The Recovery Schedule shall describe in detail Construction Contractor’s plan to complete the remaining Work by the required Contract milestone date. The Recovery Schedule submitted shall meet the same requirements as the original Construction Schedule. The narrative submitted with the Recovery Schedule should describe in detail all changes that have been made to meet the Contract milestone dates.

  • Salary Schedules (a) The salary schedules shall be incorporated into this Agreement as Appendix V. (b) Salary schedules will contain Career Enhancement/Growth steps as described in Section 45.6.

  • Salary Schedule The salaries of employees covered by this agreement are set forth in the salary schedule in Appendix A which is attached to and incorporated into this agreement.

  • Construction Progress Schedule A schedule indicating proposed activity sequences and durations, milestone dates for receipt and approval of pertinent information, preparation, submittal, and processing of Shop Drawings and Samples, delivery of materials or equipment requiring long-lead time procurement, and proposed date(s) of Material Completion and Occupancy and Final Completion. The schedule will be developed to represent the sixteen or seventeen CSI Specification Divisions. It shall have a minimum number of activities as required to adequately represent to Owner the complete scope of work and define the Project’s critical path and associated activities. If the Project is to be phased, then each individual Phase should be identified from start through completion of the overall Project and should be individually scheduled and described, including any Owner’s occupancy requirements and showing portions of the Project having occupancy priority. The format of the schedule will have dependencies indicated on a monthly grid identifying milestone dates such as construction start, phase construction, structural top out, dry-in, rough-in completion, metal stud and drywall completion, equipment installation, systems operational, Material Completion and Occupancy Date, final inspection dates, Punchlist, and Final Completion date.

  • Compensation Schedule Except as otherwise provided herein, employees shall be compensated within the pay range assigned to the classification of the position in which they are employed and in accordance with the pertinent conditions of employment enumerated in this Agreement. Sec. 503 REGULAR PAY DAY: Employees shall be paid on or about the Friday following the end of the biweekly payroll period.

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