Common use of Initial Invoice Clause in Contracts

Initial Invoice. Design-Builder shall be entitled to submit to Owner, on or after the Agreement Date, an initial invoice. This amount is considered part of the Contract Sum and shall be considered full and complete compensation to Design-Builder for the design services performed prior to the Agreement Date and furnished in the Proposal. Payment of the Initial invoice will be processed by Owner and paid in accordance with Section 6.4 below, provided, however, that no retainage will be withheld on such payment.

Initial Invoice. Design-Builder shall be entitled to submit to Owner/DES, on or after the Agreement Contract Date, an initial invoice. This amount is considered part of the Contract Sum Price and shall be considered full and complete compensation to Design-Builder for the design services performed prior to the Agreement Contract Date and furnished in the Proposal. Payment of the Initial invoice will be processed by Owner Owner/DES and paid in accordance with Section 6.4 below6.4, provided, provided however, that no retainage will be withheld on such payment.