Contractor’s Compensation; Time and Method of Payment. A. The total amount paid under this Agreement as compensation for Work performed and reimbursement for costs incurred shall not, in any case, exceed $ . , except as outlined in Section 6 below (the “Contract Price”). The compensation for Work performed shall be based upon
B. County agrees to pay the Contractor for the Work performed and costs incurred by Contractor upon certification by (contract administrator) and the County that the Work was actually performed and costs actually incurred in accordance with this Agreement. Compensation for Work performed and reimbursement for costs incurred shall be paid to the Contractor upon receipt and approval by the County of invoices setting forth in detail the Work performed and costs incurred. Invoices shall be submitted on a monthly basis, and such invoices shall reflect charges incurred versus charges budgeted. Each invoice shall be accompanied by an Interim Waiver and Release upon Payment (or a Waiver and Release upon Final Payment in the case of the invoice for final payment) procured by the Contractor from all subcontractors in accordance with O.C.G.A. § 00-00-000.
C. The Contractor through each invoice (except the final invoice) may request payment for no more than ninety percent (90%) of that portion of the Work completed during the term covered by each invoice as agreed upon by
D. Any material deviations in tests or inspections performed, or times or locations required to complete such tests or inspections, and like deviations from the Work described in this Agreement shall be clearly communicated to the County before charges are incurred and shall be handled through change orders, as described in Section 6 below. The County shall pay the Contractor within thirty (30) days after approval of the invoice by County staff, less any retainage as described in this Section. No payments will be made for unauthorized work. Payment will be sent to the designated address by U. S. Mail only; payment will not be hand-delivered, though the Contractor may arrange to pick up payments directly from the County or may make written requests for the County to deliver payments to the Contractor by Federal Express delivery at the Contractor’s expense.
Contractor’s Compensation; Time and Method of Payment. A. The total amount paid under this Agreement as compensation for Work performed and reimbursement for costs incurred shall not, in any case, exceed $57,000, except as outlined in Section 6 below (the “Contract Price”). The compensation for Work performed shall be based a project specific Fixed-Fee Re-determinable price as defined in Exhibit “N”. SAMPLE
B. County agrees to pay the Contractor for the Work performed and costs incurred by Contractor upon certification by the County that the Work was actually performed and costs actually incurred in accordance with this Agreement. Compensation for Work performed and reimbursement for costs incurred shall be paid to the Contractor upon receipt and approval by the County of invoices setting forth in detail the Work performed and costs incurred. Invoices shall be submitted on a monthly basis, and such invoices shall reflect charges incurred versus charges budgeted. Each invoice shall be accompanied by an Interim Waiver and Release upon Payment (or a Waiver and Release upon Final Payment in the case of the invoice for final payment) procured by the Contractor from all subcontractors in accordance with O.C.G.A. § 00-00-000.
C. The Contractor through each invoice (except the final invoice) may request payment for no more than ninety-five percent (95%) of that portion of the Work completed during the term covered by each invoice as agreed upon by or the County. The final payment issued by the County shall include all amounts retained by the County under this paragraph, subject to any deviations in the Work or change orders executed pursuant to Section 6 of this Agreement.
D. Any material deviations in tests or inspections performed, or times or locations required to complete such tests or inspections, and like deviations from the Work described in this Agreement shall be clearly communicated to the County before charges are incurred and shall be handled through change orders, as described in Section 6 below. The County shall pay the Contractor within thirty (30) days after approval of the invoice by County staff, less any retainage as described in this Section. No payments will be made for unauthorized work. Payment will be sent to the designated address by U. S. Mail only; payment will not be hand-delivered, though the Contractor may arrange to pick up payments directly from the County or may make written requests for the County to deliver payments to the Contractor by Federal Express delivery at the Contractor’s ex...
Contractor’s Compensation; Time and Method of Payment. A. Maximum Contract Price. The total amount paid under this Agreement as compensation for Work performed and reimbursement for costs incurred shall not, in any case, exceed the Maximum Contract Price provided in “Exhibit A”, except as outlined in Section 6 below. The compensation for Work performed shall be based upon the Compensation Type provided in “Exhibit A”, and Contractor represents that the Maximum Contract Price is sufficient to perform all of the Work set forth in and contemplated by this Agreement. An Unforeseen Work Elements Allowance is included in the Contract Price. This allowance may be used only as authorized and directed by the County to pay the costs of additional work, defined as work not included in the Work described in Xxxxxx’x Proposal and Scope of Work provided in “Exhibits A and B”. This additional work deemed to be necessary for the successful completion of this Agreement. If any additional work is required, the County will request a cost proposal from the Xxxxxx for the additional work and negotiate the cost, as necessary. If the funds allocated for the Unforeseen Work Elements Allowance are depleted due to the fact that the project necessitates unforeseen work beyond that set forth in and as limited by Exhibit B and the cost of such unforeseen work exceeds the amount allocated for the Unforeseen Work Elements Allowance, Contractor shall not be required to perform unforeseen additional work without a change order from County authorizing additional funds as necessary for the performance of such work. Contractor shall not bear the risk that any unforeseen work cannot be completed for the amount designated by the County for the Unforeseen Work Elements Allowance.
Contractor’s Compensation; Time and Method of Payment
