Common use of FUNDING DISBURSEMENTS FOR PRELMINARY ENGINEERING, CONSTRUCTION AND CONSTRUCTION ENGINEERING Clause in Contracts

FUNDING DISBURSEMENTS FOR PRELMINARY ENGINEERING, CONSTRUCTION AND CONSTRUCTION ENGINEERING. Upon receipt of the copy of the signed preliminary engineering contract between the CITY and its preliminary engineering consultant, the copies of the signed construction contract between the CITY and the contractor, and the signed construction engineering contract between the CITY and its construction engineering consultant, the STATE will issue payments to the CITY for seventy-five percent (75%) of the STATE’S SHARE of the cost of preliminary engineering, and for seventy-five percent (75%) of the STATE’S SHARE of the cost of construction and construction engineering for the PROJECT. If requested, the CITY may receive an extra percent ( %) of the STATE’S SHARE before final payment. For purposes of calculating these payments, the cost of preliminary engineering will be based on the maximum limiting amount of the executed preliminary engineering contract, and the cost of construction will be based on the contract amount set out in the executed construction contract, and the cost of construction engineering will be based on the maximum limiting amount of the executed construction engineering contract or the STATE’S estimate of the likely cost of construction engineering for the PROJECT, whichever is less. Upon completion of construction of the PROJECT, the CITY will provide the STATE with all documentation of preliminary engineering, construction and construction engineering costs, including contracts, amendments, construction change orders, pay estimates, progress reports, a summary of the QC/QA test results, and any other PROJECT documentation requested by the STATE. Upon receipt of all such documentation, the STATE will issue payment to the CITY for any remaining amount of the STATE’S SHARE of the actual eligible preliminary engineering, construction and construction engineering costs. If the STATE’S SHARE of eligible PROJECT preliminary engineering, construction and construction engineering is less than the funding advance made by the STATE, then the CITY will reimburse the STATE for the difference between the funding advance and the STATE’S SHARE of PROJECT preliminary engineering, construction and construction engineering.

FUNDING DISBURSEMENTS FOR PRELMINARY ENGINEERING, CONSTRUCTION AND CONSTRUCTION ENGINEERING. Upon receipt of the copy of the signed preliminary engineering contract between the CITY and its preliminary engineering consultant, the copies of the signed construction contract between the CITY and the contractor, and the signed construction engineering contract between the CITY and its construction engineering consultant, the STATE will issue payments to the CITY for seventy-five percent (75%) of the STATE’S SHARE of the cost of preliminary engineering, engineering and for seventy-five percent (75%) of the STATE’S SHARE of the cost of construction and construction engineering for the PROJECT. If requested, the CITY may receive an extra percent ( %) of the STATE’S SHARE before final payment. For purposes of calculating these payments, the cost of preliminary engineering will be based on the maximum limiting amount of the executed preliminary engineering contract, and the cost of construction will be based on the contract amount set out in the executed construction contract, and the cost of construction engineering will be based on the maximum limiting amount of the executed construction engineering contract or the STATE’S estimate of the likely cost of construction engineering for the PROJECT, whichever is less. Upon completion of construction of the PROJECT, the CITY will provide the STATE with all documentation of preliminary engineering, construction and construction engineering costs, including contracts, amendments, construction change orders, pay estimates, progress reports, a summary of the QC/QA test results, and any other PROJECT documentation requested by the STATE. Upon receipt of all such documentation, the STATE will issue payment to the CITY for any remaining amount of the STATE’S SHARE of the actual eligible preliminary engineering, construction construction, and construction engineering costs. If the STATE’S SHARE of eligible PROJECT preliminary engineering, construction and construction engineering is less than the funding advance made by the STATE, then the CITY will reimburse the STATE for the difference between the funding advance and the STATE’S SHARE of PROJECT preliminary engineering, construction and construction engineering.

FUNDING DISBURSEMENTS FOR PRELMINARY ENGINEERING, CONSTRUCTION AND CONSTRUCTION ENGINEERING. Upon receipt of the copy of the signed preliminary engineering contract between the CITY COUNTY and its preliminary engineering consultant, the copies of the signed construction contract between the CITY COUNTY and the contractor, and the signed construction engineering contract between the CITY COUNTY and its construction engineering consultant, the STATE will issue payments to the CITY COUNTY for seventy-five percent (75%) of the STATE’S SHARE of the cost of preliminary engineering, and for seventy-five percent (75%) of the STATE’S SHARE of the cost of construction and construction engineering for the PROJECT. If requested, the CITY COUNTY may receive an extra percent ( %) of the STATE’S SHARE before final payment. For purposes of calculating these payments, the cost of preliminary engineering will be based on the maximum limiting amount of the executed preliminary engineering contract, and the cost of construction will be based on the contract amount set out in the executed construction contract, and the cost of construction engineering will be based on the maximum limiting amount of the executed construction engineering contract or the STATE’S estimate of the likely cost of construction engineering for the PROJECT, whichever is less. Upon completion of construction of the PROJECT, the CITY COUNTY will provide the STATE with all documentation of preliminary engineering, construction and construction engineering costs, including contracts, amendments, construction change orders, pay estimates, progress reports, a summary of the QC/QA test results, and any other PROJECT documentation requested by the STATE. Upon receipt of all such documentation, the STATE will issue payment to the CITY COUNTY for any remaining amount of the STATE’S SHARE of the actual eligible preliminary engineering, construction and construction engineering costs. If the STATE’S SHARE of eligible PROJECT preliminary engineering, construction and construction engineering is less than the funding advance made by the STATE, then the CITY COUNTY will reimburse the STATE for the difference between the funding advance and the STATE’S SHARE of PROJECT preliminary engineering, construction and construction engineering.

FUNDING DISBURSEMENTS FOR PRELMINARY ENGINEERING, CONSTRUCTION AND CONSTRUCTION ENGINEERING. Upon receipt of the copy of the signed preliminary engineering contract between the CITY COUNTY and its preliminary engineering consultant, the copies of the signed construction contract between the CITY COUNTY and the contractor, and the signed construction engineering contract between the CITY COUNTY and its construction engineering consultant, the STATE will issue payments to the CITY COUNTY for seventy-five percent (75%) of the STATE’S SHARE of the cost of preliminary engineering, and for seventy-five percent (75%) of the STATE’S SHARE of the cost of construction and construction engineering for the PROJECT. If requested, the CITY COUNTY may receive an extra fifteen percent ( (15%) of the STATE’S SHARE before final payment. For purposes of calculating these payments, the cost of preliminary engineering will be based on the maximum limiting amount of the executed preliminary engineering contract, and the cost of construction will be based on the contract amount set out in the executed construction contract, and the cost of construction engineering will be based on the maximum limiting amount of the executed construction engineering contract or the STATE’S estimate of the likely cost of construction engineering for the PROJECT, whichever is less. Upon completion of construction of the PROJECT, the CITY COUNTY will provide the STATE with all documentation of preliminary engineering, construction and construction engineering costs, including contracts, amendments, construction change orders, pay estimates, progress reports, a summary of the QC/QA test results, and any other PROJECT documentation requested by the STATE. Upon receipt of all such documentation, the STATE will issue payment to the CITY COUNTY for any remaining amount of the STATE’S SHARE of the actual eligible preliminary engineering, construction and construction engineering costs. If the STATE’S SHARE of eligible PROJECT preliminary engineering, construction and construction engineering is less than the funding advance made by the STATE, then the CITY COUNTY will reimburse the STATE for the difference between the funding advance and the STATE’S SHARE of PROJECT preliminary engineering, construction and construction engineering.