Common use of Method of Payment of Authority Contribution Clause in Contracts

Method of Payment of Authority Contribution. Where the Authority is paying capital costs pursuant to paragraph 13.1.1 (Responsibility for Funding) or paragraph 13.2 (Inability to Obtain Funding for Capital Expenditure) and/or paragraph 13.3 (Authority Contribution to Funding): the Authority and the Contractor shall agree a payment schedule in respect of the payment of such sum reflecting the amount and timing of the costs to be incurred by the Contractor; the Authority and the Contractor shall agree, where payment for part of a Change reflects the carrying out of, or specific progress towards, an element within the Change, an objective means of providing evidence confirming that the part of the Change corresponding to each occasion when payment is due under the payment schedule has been duly carried out; and/or the Authority shall make payment(s) to the Contractor solely in accordance with clause 28 (Payment Provisions).

Method of Payment of Authority Contribution. Where the Authority is paying capital costs pursuant to paragraph 13.1.1 150.1.1 (Responsibility for Funding) or paragraph 13.2 150.2 (Inability to Obtain Funding for Capital Expenditure) and/or paragraph 13.3 150.3 (Authority Contribution to Funding): the Authority and the Contractor shall agree a payment schedule in respect of the payment of such sum reflecting the amount and timing of the costs to be incurred by the Contractor; the Authority and the Contractor shall agree, where payment for part of a Change reflects the carrying out of, or specific progress towards, an element within the Change, an objective means of providing evidence confirming that the part of the Change corresponding to each occasion when payment is due under the payment schedule has been duly carried out; and/or the Authority shall make payment(s) to the Contractor solely in accordance with clause 28 (Payment Provisions).