Common use of Cost of Services and Payment Clause in Contracts

Cost of Services and Payment. In consideration of the provision of the Services by Contractor, the Owners shall, jointly and severally, pay to Contractor the total contract amount of $5,450,300.00 (the “Contract Amount”), to be paid in monthly installments in accordance with the Schedule of Values (defined below). Attachment “B” sets forth the schedule of values for the Contract Amount (the “Schedule of Values”). There shall be no increase in the Contract Amount without the express prior written authorization of the School Board and City. Contractor will submit monthly invoices for payment to the Owner, with each invoice being sent to Xxxxxx Xxxxxx, with a copy to (CITY PW Design Acct). The first invoice shall be submitted no sooner than sixty (60) days following the Effective Date of this Agreement. The final invoice shall be submitted after Contractor has substantially completed all Services, including delivery of all Deliverables, required under this Agreement. Each invoice shall be for the value of the Services performed during the period for which payment is requested based on the Schedule of Values. The Owners shall have ten (10) days following receipt of an invoice to review each invoice; no later than the tenth (10th) day following receipt of an invoice, the Owners shall notify Contractor whether they approve or reject the invoice, in whole or in part, providing explanation for any portions rejected. The Owners shall then pay the approved part of the invoice within thirty (30) days following its receipt of the invoice. If all or any part of the invoice is rejected, Contractor shall respond with an explanation or modification of the rejected portion of the invoice and resubmit the part of the invoice which Owners rejected, upon which the Owners’ review and payment cycle will start again.

Cost of Services and Payment. In consideration of the provision of the Services by Contractor, the Owners shall, jointly and severally, Owner shall pay to Contractor the total contract amount of Two Million, Fifteen Thousand, One Hundred Seventy- Five Dollars ($5,450,300.00 2,015,175.00) (the “Contract Amount”), to be paid in monthly installments in accordance with the Schedule of Values (defined below). Attachment “B” Exhibit A sets forth the schedule of values for the Contract Amount (the “Schedule of Values”)Amount. There shall be no increase in the Contract Amount without the express prior written authorization of the School Board and City. Contractor will submit monthly invoices for payment to the Owner, with each invoice being sent to Xxxxxx Xxxxxx, with a copy to (CITY PW Design Acct). The first invoice shall be submitted no sooner than sixty (60) days following the Effective Date of this Agreement. The final invoice shall be submitted after Contractor has substantially completed all Services, including delivery of all Deliverables, required under this Agreement. Each invoice shall be for the value of the Services performed during the period for which payment is requested based on the Schedule of Values. The Owners Owner shall have ten (10) days following receipt of an invoice to review each invoice; no later than the tenth (10th) day following receipt of an invoice, the Owners Owner shall notify Contractor whether they approve it approves or reject rejects the invoice, in whole or in part, providing explanation for any portions rejected. The Owners Owner shall then pay the approved part of the invoice within thirty (30) days following its receipt approval of the invoice. If all or any part of the invoice is rejected, Contractor shall respond with an explanation or modification of the rejected portion of the invoice and resubmit the part of the invoice which Owners Owner rejected, upon which the Owners’ Owner’s review and payment cycle will start again.

Cost of Services and Payment. In consideration of the provision of the Services by Contractor, the Owners shall, jointly and severally, Owner shall pay to Contractor the total contract amount of One Million Eight Hundred Thousand Thirty Dollars ($5,450,300.00 1,830,000.00) (the “Contract Amount”), to be paid in monthly installments in accordance with the Schedule of Values (defined below). Attachment “B” Exhibit B sets forth the schedule of values for the Contract Amount (the “Schedule of Values”)Amount. There shall be no increase in the Contract Amount without the express prior written authorization of the School Board and City. Contractor will submit monthly invoices for payment to the Owner, with each invoice being sent to Xxxxxx Xxxxxx, with a copy to (CITY PW Design Acct). The first invoice shall be submitted no sooner than sixty (60) days following the Effective Date of this Agreement. The final invoice shall be submitted after Contractor has substantially completed all Services, including delivery of all Deliverables, required under this Agreement. Each invoice shall be for the value of the Services performed during the period for which payment is requested based on the Schedule of Values. The Owners Owner shall have ten (10) days following receipt of an invoice to review each invoice; no later than the tenth (10th) day following receipt of an invoice, the Owners Owner shall notify Contractor whether they approve it approves or reject rejects the invoice, in whole or in part, providing explanation for any portions rejected. The Owners Owner shall then pay the approved part of the invoice within thirty (30) days following its receipt approval of the invoice. If all or any part of the invoice is rejected, Contractor shall respond with an explanation or modification of the rejected portion of the invoice and resubmit the part of the invoice which Owners Owner rejected, upon which the Owners’ Owner’s review and payment cycle will start again.