Common use of Final Installment Clause in Contracts

Final Installment. The Designer shall be paid the unpaid balance of the fee for Construction Phase/Final Completion as stipulated in Attachment A (as that fee may be amended), upon compliance with the following requirements: 6.5.1 Approval of the Certificate of Final Completion of construction (such Certificate to be in the form developed by the Authority). In cases where a Certificate of Partial Release of Retainage is approved, the Designer shall be paid up to an amount commensurate with the percent of retainage released until a Certificate of Final Completion is approved; and 6.5.2 Delivery by the Designer to the Owner of the Record Drawings required by this Contract; and 6.5.3 Verification of payment to MBE/WBE Subconsultants or Subconsultants identified on Attachment C and as required by Article 17.4; and 6.5.4 A written evaluation of the General Contractor or CM at Risk by the Designer from which the Owner shall be able to complete its submission of the Contractor Evaluations as required by M.G.L. c.149 § 44D(7). 6.5.5 In the event that the Designer is unable to comply with items 6.5.1 and 6.5.2 above due to reasons beyond the Designer’s control, as determined by the Owner, Final Installment shall not be unreasonably withheld or delayed beyond 60 days after the date of Substantial Completion, provided that the Designer has complied with all other requirements.

Final Installment. The Designer shall be paid the unpaid balance of the fee for Construction Completion Phase/Final Completion , as stipulated in Attachment A (as that fee may be amended), upon compliance with the following requirements: 6.5.1 Approval Execution of the Final Request and Certificate of Final Completion of construction (such Certificate to be in the form developed by the Authority)for Reimbursement. In cases where a Certificate of Partial Release of Retainage is approved, the Designer shall be paid up to an amount commensurate with the percent of retainage released until a Final Request and Certificate of Final Completion for Reimbursement is approved; and 6.5.2 Delivery by the Designer to the Owner of the Record Drawings required by this Contract; and 6.5.3 Verification of payment to SDO certified Subconsultants (MBE/WBE Subconsultants WBE/VBE/SDVBE) or Subconsultants identified on Attachment C and as required by Article 17.4; and 6.5.4 A written evaluation of the General Contractor or CM at Risk by the Designer from which the Owner shall be able to complete its submission of the Contractor Evaluations as required by M.G.L. c.149 § 44D(7). 6.5.5 In the event that the Designer is unable to comply with items Articles 6.5.1 and 6.5.2 above due to reasons beyond the Designer’s control, as determined by the Owner, Final Installment shall not be unreasonably withheld or delayed beyond 60 days after the date of Substantial Final Completion, provided that the Designer has complied with all other requirements.

Final Installment. The Designer shall be paid the unpaid balance of the fee for Construction Phase/Final Completion as stipulated in Attachment A (as that fee may be amended), upon compliance with the following requirements: 6.5.1 : Approval of the Certificate of Final Completion of construction (such Certificate to be in the form developed by the Authority). In cases where a Certificate of Partial Release of Retainage is approved, the Designer shall be paid up to an amount commensurate with the percent of retainage released until a Certificate of Final Completion is approved; and 6.5.2 and Delivery by the Designer to the Owner of the Record Drawings required by this Contract; and 6.5.3 and Verification of payment to MBE/WBE Subconsultants or Subconsultants identified on Attachment C and as required by Article 17.4; and 6.5.4 and A written evaluation of the General Contractor or CM at Risk by the Designer from which the Owner shall be able to complete its submission of the Contractor Evaluations as required by M.G.L. c.149 § 44D(7). 6.5.5 . In the event that the Designer is unable to comply with items 6.5.1 and 6.5.2 above due to reasons beyond the Designer’s control, as determined by the Owner, Final Installment shall not be unreasonably withheld or delayed beyond 60 days after the date of Substantial Completion, provided that the Designer has complied with all other requirements.

Final Installment. The Designer shall be paid the unpaid balance of the fee for Construction Phase/Final Completion as stipulated in Attachment A (as that fee may be amended), upon compliance with the following requirementsupon: 6.5.1 Approval of the Certificate of Final Completion of construction (such Certificate to be in the form developed by the Authority). In cases where a Certificate of Partial Release of Retainage is approved, the Designer shall be paid up to an amount commensurate with the percent of retainage released until a Certificate of Final Completion is approved; , and 6.5.2 Delivery by the Designer to the Owner of the Record Drawings required by this Contract; , and 6.5.3 Verification of payment to MBE/WBE Subconsultants or Subconsultants identified on Attachment C and as required by Article 17.4; , and 6.5.4 A written evaluation of the General Contractor or CM at Risk by the Designer from which the Owner shall be able to complete its submission of the Contractor Evaluations as required by M.G.L. c.149 § 44D(7). 6.5.5 In the event that the Designer is unable to comply with items 6.5.1 and 6.5.2 above due to reasons beyond the Designer’s control, as determined by the Owner, Final Installment shall not be unreasonably withheld or delayed beyond 60 days after the date of Substantial Completion, provided that the Designer has complied with all other requirements.

Final Installment. The Designer shall be paid the unpaid balance of the fee for Construction Completion Phase/Final Completion , as stipulated in Attachment A (as that fee may be amended), upon compliance with the following requirements: 6.5.1 Approval Execution of the Final Request and Certificate of Final Completion of construction (such Certificate to be in the form developed by the Authority)for Reimbursement. In cases where a Certificate of Partial Release of Retainage is approved, the Designer shall be paid up to an amount commensurate with the percent of retainage released until a Final Request and Certificate of Final Completion for Reimbursement is approved; and 6.5.2 Delivery by the Designer to the Owner of the Record Drawings required by this Contract; and 6.5.3 Verification of payment to SDO certified Subconsultants (MBE/WBE Subconsultants WBE/VBE/SDVOBE) or Subconsultants identified on Attachment C and as required by Article 17.4; and 6.5.4 A written evaluation of the General Contractor or CM at Risk by the Designer from which the Owner shall be able to complete its submission of the Contractor Evaluations as required by M.G.L. c.149 § 44D(7). 6.5.5 In the event that the Designer is unable to comply with items Articles 6.5.1 and 6.5.2 above due to reasons beyond the Designer’s control, as determined by the Owner, Final Installment shall not be unreasonably withheld or delayed beyond 60 days after the date of Substantial Final Completion, provided that the Designer has complied with all other requirements.