Contractor Applications for Payment Sample Clauses
The "Contractor Applications for Payment" clause outlines the process by which a contractor formally requests payment for work completed under a contract. Typically, this clause specifies the documentation required, such as detailed invoices or progress reports, and sets out the timing and frequency for submitting payment applications, for example, monthly or upon reaching certain project milestones. Its core function is to establish a clear and standardized procedure for payment requests, helping to ensure timely compensation for the contractor and reducing disputes over payment amounts or timing.
Contractor Applications for Payment. By the 15th of each month the Contractor shall submit to the Architect/Engineer an itemized Application for Payment in accordance with the Schedule of Values. Such application shall be supported by data substantiating the Contractor's right to payment as the Owner or Architect/Engineer may require. Payment shall be made on account of materials and equipment delivered and suitably stored at the site for subsequent incorporation into Work. If approved in writing by the Owner, payment may similarly be made for materials and equipment suitably stored off the site. Applications for Payment shall not include: • Request payments on account of changes in the Work which have not been approved by the Owner in a Change Order; and • Payment of amounts the Contractor does not intend to pay to a Subcontractor or Supplier because of a dispute or other reason. The Contractor warrants that title to all Work covered by an Application for Payment will pass to the Owner no later than the time of payment. The Contractor further warrants that all work, equipment and materials included in the Application for Payment are to the best of the Contractor's knowledge, information and belief, free from liens, claims, security interests or encumbrances.
Contractor Applications for Payment. Based on the Consultant’s observation of the progress of the work for conformance with the Construction Documents and completion to the extent indicated by the Contractor, and evaluations of the Contractor’s Applications for Payments, the Consultant shall promptly review and certify the amounts due the Contractor, to the best of the Consultant’s knowledge and information.
Contractor Applications for Payment. 2.7.3.1 Development of Payment Procedures.
Contractor Applications for Payment. Based on the Consultant’s observation of the progress of the work for conformance with the Construction Documents and completion to the extent indicated by the Contractor, and evaluations of the Contractor’s Applications for Payments, the Consultant shall promptly review and certify, within 5 working days, the amounts due the Contractor, to the best of the Consultant’s knowledge and information. Consultants shall complete review and provide written response within 5 business days of receipt of revised pay applications from contractors.
Contractor Applications for Payment. By the 15th of each month the CONTRACTOR shall submit to the OWNERS AUTHORIZED REPRESENTATIVE an itemized Application for Payment in accordance with the Schedule of Values. Such application shall be supported by data substantiating the CONTRACTOR's right to payment as the OWNER or OWNERS AUTHORIZED REPRESENTATIVE may require. Payment shall be made on account of materials and equipment delivered and suitably stored at the site for subsequent incorporation into Work. If approved in writing by the OWNER, payment may similarly be made for materials and equipment suitably stored off the site. Applications for Payment shall not include: Request payments on account of changes in the Work which have not been approved by the OWNER in a Change Order; and Payment of amounts the CONTRACTOR does not intend to pay to a Subcontractor or Supplier because of a dispute or other reason. The CONTRACTOR warrants that title to all Work covered by an Application for Payment will pass to the OWNER no later than the time of payment. The CONTRACTOR further warrants that all work, equipment and materials included in the Application for Payment are to the best of the CONTRACTOR's knowledge, information and belief, free from liens, claims, security interests or encumbrances.
Contractor Applications for Payment. By the 15th of each month the CONTRACTOR shall submit to the City’s Representative an itemized Application for Payment in accordance with the Schedule of Prices. Such application shall be supported by date substantiating the CONTRACTOR’s right to payment as the CITY or Project Engineer may require. Payment shall be made on account of materials and equipment delivered and suitably stored at the site for subsequent incorporation into work. If approved in writing by the CITY, payment may similarly be made for materials and equipment suitably stored off the site. Applications for Payment not include: • Payments on account of changes in the Work which have not been approved by the CITY in a Change Order; and • Payment of amounts the CONTRACTOR does not intend to pay to a SubCONTRACTOR or Supplier because of a dispute or other reason. The CONTRACTOR warrants that the title to all Work covered by an Application for Payment will pass to the CITY no later than the time of payment. The CONTRACTOR further warrants that all work, equipment and materials included in the Application for Payment are to the best of the CONTRACTOR’s knowledge, information and belief, free from liens, claims, security interests or encumbrances.
Contractor Applications for Payment