Common use of Disallowed Costs and Withheld Payments Clause in Contracts

Disallowed Costs and Withheld Payments. Corporation shall have the right to disallow any costs that are improperly or incorrectly billed. Corporation shall have the right to withhold from payments due Contractor, such amounts as, in its judgment, may be necessary to cover: (1) Xxxxx claims for payment for labor or materials furnished by third parties for the SOW; (2) Correction of defective work which Contractor has failed to correct; (3) A default of Contractor in the performance of any terms or conditions of this Contract; (4) Costs for damages/repairs for damages caused by Contractor during its performance of the SOW that have not been addressed to the satisfaction of Corporation; and (5) Costs associated with completing the SOW when it reasonably appears that the unexpended funds for the SOW are insufficient to cover the cost of completion. When the cause for withholding the funds has been addressed to Corporation’s satisfaction, the withheld funds shall be paid to Contractor.

Disallowed Costs and Withheld Payments. Corporation shall have the right to disallow any costs that are improperly or incorrectly billed. Corporation shall have the right to withhold from payments due Contractor, such amounts as, in its judgment, may be necessary to cover: (1) Xxxxx Valid claims for payment for labor or materials furnished by third parties for the SOW; (2) Correction of defective work which Contractor has failed to correct; (3) A default of Contractor in the performance of any terms or conditions of this Contract; (4) Costs for damages/repairs for damages caused by Contractor during its performance of the SOW that have not been addressed to the satisfaction of Corporation; and (5) Costs associated with completing the SOW when it reasonably appears that the unexpended funds for the SOW are insufficient to cover the cost of completion. When the cause for withholding the funds has been addressed to Corporation’s satisfaction, the withheld funds shall be paid to Contractor.

Disallowed Costs and Withheld Payments. Corporation shall have the right to disallow any costs that are improperly or incorrectly billed. Corporation shall have the right to withhold from payments due Contractor, such amounts as, in its judgment, may be necessary to cover: (1) Xxxxx Valid claims for payment for labor or materials furnished by third parties for the SOW; (2) Correction of defective work which Contractor has failed to correct; (3) A default of Contractor in the performance of any terms or conditions of this Contract; (4) Costs for damages/repairs for damages caused by Contractor during its performance of the SOW that have not been addressed to the satisfaction of Corporation; and, (5) Costs associated with completing the SOW when it reasonably appears that the unexpended funds for the SOW are insufficient to cover the cost of completion. When the cause for withholding the funds has been addressed to Corporation’s satisfaction, the withheld funds shall be paid to Contractor.

Disallowed Costs and Withheld Payments. Corporation shall have the right to disallow any costs that are improperly or incorrectly billed. Corporation shall have the right to withhold from payments due Contractor, such amounts as, in its judgment, may be necessary to cover: (1) Xxxxx claims for payment for labor or materials furnished by third parties for the SOW; (2) Correction of defective work which Contractor has failed to correct; (3) A default of Contractor in the performance of any terms or conditions of this Contract; (4) Costs for damages/repairs for damages caused by Contractor during its performance of the SOW that have not been addressed to the satisfaction of Corporation; and, (5) Costs associated with completing the SOW when it reasonably appears that the unexpended funds for the SOW are insufficient to cover the cost of completion. When the cause for withholding the funds has been addressed to Corporation’s satisfaction, the withheld funds shall be paid to Contractor.