DESIGN PHASE PAYMENTS Sample Clauses

DESIGN PHASE PAYMENTS. No later than the second day of each calendar month, the DB Contractor shall submit an Application for Payment to the Authority for payment for Design Phase Work performed in the preceding month in an amount equal to the sum of: (a) A portion of the Design Fee calculated as the lesser of (x) the percentage of the applicable phase of design Work that has been actually and properly completed, and (y) the maximum amount payable for the applicable phase of design as set forth in the maximum payment schedule in Exhibit B (IGMP Schedule of Values), Attachment 3 (Preconstruction Phase Maximum Payment Schedule), less amounts previously paid for such design phase; plus (b) A portion of the Preconstruction Services Fee calculated as the lesser of (x) the value of the other Design Phase Work actually and properly completed in the previous month, based on the IGMP Schedule of Values, and (y) the maximum amount of the Preconstruction Services Fee payable for the previous month; plus (c) The amount of any Costs of the Work incurred during the preceding month and payable during the Design Phase pursuant to Subsection 4.1.2.2
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DESIGN PHASE PAYMENTS. 7.1.1 To the extent required by Law, the cost of services performed directly by Design Professional is computed separately and is independent from Private Entity’s compensation for Work or services performed directly by Private Entity; these costs shall be shown as separate items on applications for payment. If any Design Professional is retained by Private Entity, the payments to Design Professional shall be as detailed in a separate agreement between Private Entity and Design Professional . 7.1.2 Owner shall pay Private Entity for design services performed during the Design Phase, including preparation of a GMP Proposal, and any work by design-build subcontractors, provided that in no event shall Private Entity be entitled to compensation in excess of Six Million Five Hundred Thousand Dollars ($6,500,000) prior to the next tranche of bond funding, currently scheduled in June 2019 or if Owner exercises its right to terminate this contract for convenience prior June 28, 2019. The Fee Schedule for preconstruction services 7.1.3 is attached as Exhibit F.
DESIGN PHASE PAYMENTS. 7.1.1 To the extent required by Laws, the cost of services performed directly by Design-Professional is computed separately and is independent from Design-Builder’s compensation for work or services performed directly by Design-Builder; these costs shall be shown as separate items on applications for payment. If any Design-Professional is retained by Design-Builder, the payments to Design- Professional shall be as detailed in a separate agreement between Design-Builder and Design- Professional. 7.1.2 Owner shall pay Design-Builder for services performed during the Design Phase, including preparation of a GMP Proposal, if applicable, as follows: $12,500.00 for preconstruction activities by Design-Builder; $60,000.00 for architectural services, civil/landscape services, and interior design services; and, $28,500.00 for MEP design services. (Of the $101,000.00 total for these pre-contract services, $85,000.00 has been paid as of April 9, 2021.)
DESIGN PHASE PAYMENTS. 7.1.1 To the extent required by Laws, the cost of services performed directly by Design- Professional is computed separately and is independent from Private Entity’s compensation for Work or services performed directly by Private Entity; these costs shall be shown as separate items on applications for payment. If any Design-Professional is retained by Private Entity, the payments to Design-Professional shall be as detailed in a separate agreement between Private Entity and Design-Professional. 7.1.2 Owner shall pay Private Entity for services performed during the Design Phase, including preparation of a GMP Proposal, if applicable, as follows: [ ] 7.1.3 Compensation for Design Phase services, as part of the Work, shall include Private Entity’s Fee, paid in proportion to the services performed, subject to adjustment. 7.1.4 No later than fifteen (15) Days after receipt of an application for payment, Owner shall give written notice to Private Entity of Owner’s acceptance or rejection, in whole or in part, of such application for payment, indicating the reason for its rejection. If the parties cannot agree on the amount of the application, Owner shall pay the undisputed amount due on a payment application, no later than thirty (30) Days after accepting such application. Any items rejected by Owner shall be due and payable when the reasons for the rejection have been removed. 7.1.5 If Owner fails to pay Private Entity at the time payment of any amount becomes due, then Private Entity may, at any time thereafter, upon serving written notice that the Work will be stopped within seven (7) Days after receipt of the notice by Owner, and after such seven

Related to DESIGN PHASE PAYMENTS

  • Design Phase All Basic Services set forth in the Agreement with the exception of Interdisciplinary Document Coordination Review, conducting a Card Trick session, Value-Engineering services, Estimating services. • All Basic Services set forth in the Agreement. • All Basic Services set forth in the Agreement. • All Basic Services set forth in the Agreement.

  • Construction Phase Fee Contractor’s Construction Phase Fee is the maximum amount payable to Contractor for any cost or profit expectation incurred in the performance of the Work that is not specifically identified as being eligible for reimbursement by Owner elsewhere in this Agreement. References in the UGSC to Contractor’s “overhead” and “profit” mean Contractor’s Construction Phase Fee. The Construction Phase Fee includes, but is not limited to, the following items: 9.1 All profit, profit expectations and costs associated with profit sharing plans such as personnel bonuses, incentives, and rewards; company stock options; or any other like expenses of Contractor.

  • Lease Payments Tenant agrees to pay to Landlord as rent for the Premises the amount of dollars ($ ) each month in advance on the 1st day of each month at month of , 20 or at any other address designated by Landlord. If the Lease Term does not start on the 1st day of the month or end on the last day of a month, the first and last month’s rent will be prorated accordingly.

  • Construction Phase Part 1 –

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • Final Design Phase A. After acceptance by Owner of the Preliminary Design Phase documents, revised opinion of probable Construction Cost as determined in the Preliminary Design Phase, and/or any other Right of Way plan documents, subject to any Owner-directed modifications or changes in the scope, extent, character, or design requirements of or for the Project, and upon written authorization from Owner, Engineer shall: 1. Prepare final Drawings and Specifications indicating the scope, extent, and character of the Work to be performed and furnished by Contractor. 2. Visit the Site as needed to assist in preparing the final Drawings and Specifications. 3. Provide technical criteria, written descriptions, and design data for Owner’s use in filing applications for permits from or approvals of governmental authorities having jurisdiction to review or approve the final design; assist Owner in consultations with such authorities; and revise the Drawings and Specifications in response to directives from such authorities, as appropriate. 4. Advise Owner of any recommended adjustments to the opinion of probable Construction Cost. 5. After consultation with Owner, include in the Construction Contract Documents any specific protocols for the transmittal of Project-related correspondence, documents, text, data, drawings, information, and graphics, in electronic media or digital format, either directly, or through access to a secure Project website. Any such protocols shall be applicable to transmittals between and among Owner, Engineer, and Contractor during the Construction Phase and Post- Construction Phase, and unless agreed otherwise shall supersede any conflicting protocols previously established for transmittals between Owner and Engineer. 6. Assist Owner in assembling known reports and drawings of Site conditions, and in identifying the technical data contained in such reports and drawings upon which bidders or other prospective contractors may rely. 7. In addition to preparing the final Drawings and Specifications, assemble drafts of other Construction Contract Documents based on specific instructions and contract forms, text, or content received from Owner. 8. Prepare or assemble draft bidding-related documents (or requests for proposals or other construction procurement documents), based on the specific bidding or procurement-related instructions and forms, text, or content received from Owner. 9. Contract shall include contractor provided changeable message signs to communication construction information. 10. Furnish for review by Owner, its legal counsel, and other advisors, 6 copies of the final drawings and Specifications, assembled drafts of other construction Contract Documents, the draft bidding-related documents (or requests for proposals or other construction procurement documents), and any other final design Phase deliverables, by the established due date, with the Final Design Phase, and review them with Owner. Owner shall submit to Engineer any comments regarding the furnished items, and any instructions for revisions. B. Engineer’s services under the Final Design Phase will be considered complete on the date when Engineer has delivered to Owner the final Drawings and Specifications, other assembled Construction Contract Documents, bidding-related documents (or requests for proposals or other construction procurement documents), and any other Final Design Phase deliverables. C. In the event that the Work designed or specified by Engineer is to be performed or furnished under more than one prime contract, or if Engineer’s services are to be separately sequenced with the work of one or more prime Contractors (such as in the case of fast- tracking), Owner and Engineer shall, prior to commencement of the Final Design Phase, develop a schedule for performance of Engineer’s services during the Final Design, Bidding or Negotiating, Construction, and Post-Construction Phases in order to sequence and coordinate properly such services as are applicable to the work under such separate prime contracts.

  • PURCHASE PAYMENTS PURCHASE PAYMENTS - This Contract will not be in force until we receive the initial Purchase Payment. Your initial Purchase Payment is shown in the Contract Specifications. You may make additional Purchase Payments at any time before the Annuity Date, while the Annuitant is living and this Contract is in force. Each additional Purchase Payment must be at least $100 for Non-Qualified Contracts and $50 for Qualified Contracts. We may limit the amount of any single Purchase Payment. You must obtain our consent before making a Purchase Payment that will bring your aggregate Purchase Payments over $500,000. Purchase Payments are payable in U.S. dollars either at our Service Center or through our agent. Checks should be made payable to Pacific Mutual Life Insurance Company. If you make Purchase Payments by check other than a cashier's check, your withdrawal proceeds and any refund under your Right to Cancel may be delayed until your check has cleared. On request, a receipt for the Purchase Payment signed by an officer of PM will be provided after payment. PURCHASE PAYMENT ALLOCATION - Prior to your Annuity Date, you may allocate all or part of your Purchase Payments to one or more of the Investment Options available to you. The Investment Options available to you on the Contract Date are shown on your Contract Specifications page. You may change your allocation by sending us proper instructions (see GENERAL PROVISIONS: INSTRUCTIONS AND REQUESTS). We will allocate any Purchase Payment according to your most recent allocation instructions. We may reject any instruction or Purchase Payment that does not comply with our requirements. ALLOCATIONS DURING THE RIGHT TO CANCEL PERIOD - We will allocate your initial Purchase Payment in accordance with your most recent allocation instructions. However, if this Contract is issued in a state that requires us to refund all Purchase Payments according to the Right to Cancel provision, we will allocate the portion of your initial Purchase Payment designated for Variable Investment Options to the Money Market Portfolio, and the portion of your initial Purchase Payment designated for the Fixed Option to the Fixed Option. Any subsequent Purchase Payments that are received before the Right to Cancel Transfer Date will be allocated in the same manner as the initial Purchase Payment. On the Right to Cancel Transfer Date, which occurs 15 days after your Contract is issued, we will transfer the Account Value in the Money Market Portfolio to your Variable Investment Options in accordance with your most recent allocation instructions. We reserve the right to extend the Right to Cancel Transfer Date by the number of days in excess of ten days that the issue state allows you to return your Contract to us pursuant to your Right to Cancel right. MINIMUM INVESTMENT OPTION VALUE - We reserve the right to require that, as a result of any allocation to an Investment Option, any transfer, or any partial withdrawal, your remaining Account Value in any Investment Option must meet a minimum Account Value amount. We also reserve the right to transfer any remaining Account Value that does not meet such minimum amount to your other Investment Options on a prorata basis relative to your most recent allocation instructions for those Investment Options.

  • Training Costs All costs and expenses incurred by the Contractor in the training of its employees engaged in Petroleum Operations, and such other training as is required by this Agreement.

  • Construction Phase Services 3.1.1 – Basic Construction Services

  • EXPENSE PAYMENTS The Owner hereby gives power to the Agent to pay expenses and costs for the Property from the Owner’s funds held by the Agent, unless otherwise directed by the Owner. The expenses and costs may include, but are not limited to, property management compensation, fees and charges, expenses for goods and services, property taxes and other taxes, association or condominium dues, assessments, loan payments, and insurance premiums.

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