Common use of Effect on Payment Applications Clause in Contracts

Effect on Payment Applications. Payment Applications subsequent to a Reallocation Authorization shall reflect that reallocation, with the reallocated amount modifying the line-item Cost of the Work (or Change Order as the case may be) to which reallocated funds were applied, denoting the modified line-item by asterisk or other graphic device acceptable to the ADR.

Appears in 3 contracts

Sources: Standard Form of Agreement, Design Build Agreement, Construction Manager at Risk Agreement

Effect on Payment Applications. Payment Applications subsequent to a Reallocation Authorization shall reflect that reallocation, with the reallocated amount modifying the line-item Cost of the Work (or Change Order as the case may be) to which reallocated funds were applied, denoting the modified line-item by asterisk or other graphic device acceptable to the ADR.

Appears in 1 contract

Sources: Construction Contract