Common use of Lump Sum Work - Applications Clause in Contracts

Lump Sum Work - Applications. for payment for lump sum unit priced Work shall show the percentage of completion of each portion of the Work as of the end of the period covered by the application for payment. The percentage of completion shall be the share of the Early Work Price (for Early Work) or GMP allocated to that portion of the Work in the Department-approved schedule of activities derived from the Critical Path schedule. The amounts to be allowed for lump sum Pay Items in progress payments shall not exceed the reasonable value of the Work, as determined by the Department.