Labor Payments. .1 Partial payments to the Subcontractor for labor performed under either a Unit Price or lump sum Subcontract shall be made at the rate of 92 percent of the amount invoiced through the Subcontractor’s request for payment that shows the Work of the Subcontractor is 50 percent complete. .2 After the Work of the Subcontractor is 50 percent complete, as evidenced by payments of at least 50 percent of the total amount due under the Subcontract, no additional funds shall be retained from payments for labor.
Appears in 3 contracts
Samples: Standard Requirements for Public Facility Construction, Professional Services, Professional Services
Labor Payments. .1 6.7.1.1 Partial payments to the Subcontractor for labor performed under either a Unit Price or lump sum Subcontract shall be made at the rate of 92 percent of the amount invoiced through the Subcontractor’s request for payment that shows the Work of the Subcontractor is 50 percent complete.
.2 6.7.1.2 After the Work of the Subcontractor is 50 percent complete, as evidenced by payments of at least 50 percent of the total amount due under the Subcontract, no additional funds shall be retained from payments for labor.
Appears in 1 contract
Samples: Standard Requirements for Public Facility Construction
Labor Payments. .1 1 Partial payments to the Subcontractor for labor performed under either a Unit Price or lump sum Subcontract shall be made at the rate of 92 percent of the amount invoiced through the Subcontractor’s request for payment that shows the Work of the Subcontractor is 50 percent complete.
.2 After the Work of the Subcontractor is 50 percent complete, as evidenced by payments in the amount of at least 50 percent of the total original amount due under the Subcontract, no additional funds shall be retained from payments for labor.
Appears in 1 contract
Samples: Cm at Risk Contract
