Common use of Cost Management Clause in Contracts

Cost Management. 7.8.5.1. The Professional shall review the schedule of values and payment requests prepared by the contractor. The Professional shall establish with NBU and the contractor procedures to review the monthly quantities of work in place and the corresponding payment requests for work completed. 7.8.5.2. The Professional shall prepare monthly cash flow requirements based upon information provided by the contractor. The Professional shall update cash flow reports monthly and include these reports with monthly updates to NBU. 7.8.5.3. The Professional shall verify quantities of work in place, review the payment requests and supporting documentation, and provide an opinion of whether the payment requested matches the work completed to NBU via email.

Cost Management. 7.8.5.14.6.1. The Professional shall review the schedule of values and payment requests prepared by the contractor. The Professional shall establish with NBU and the contractor procedures to review the monthly quantities of work in place and the corresponding payment requests for work completed. 7.8.5.24.6.2. The Professional shall prepare monthly cash flow requirements based upon information provided by the contractor. The Professional shall update cash flow reports monthly and include these reports with the monthly updates to NBU. 7.8.5.34.6.3. The Professional shall verify quantities of work in place, review the payment requests and supporting documentation, and provide an email to NBU with an opinion of whether the payment requested matches the work completed to NBU via emailcompleted.

Cost Management. 7.8.5.1. 7.7.5.1 The Professional shall review the schedule of values and payment requests prepared by the contractor. The Professional shall establish with NBU and the contractor procedures to review the monthly quantities of work in place and the corresponding payment requests for work completed. 7.8.5.2. 7.7.5.2 The Professional shall prepare monthly cash flow requirements based upon information provided by the contractor. The Professional shall update cash flow reports monthly and include these reports with monthly updates to NBU’s Project Manager. 7.8.5.3. 7.7.5.3 The Professional shall verify quantities of work in place, review the payment requests and supporting documentation, and provide an opinion of whether the payment requested matches the work completed to NBU NBU’s Project Manager via email.