Common use of Mobilization Payment Clause in Contracts

Mobilization Payment. On or before and as a condition precedent to the issuance of the Notice to Proceed in accordance with Section 5.2 and upon Owner’s receipt of an Invoice from Contractor, Owner shall pay Contractor a fixed amount equal to ten percent (10%) of the Contract Price (the “Mobilization Payment”). 1. The Mobilization Payment is separated as follows: a. U.S. Dollars (U.S.$***) for those components of the Aggregate Equipment Price contained in the Mobilization Payment; and, b. U.S. Dollars (U.S.$***) for those components of the Aggregate Labor and Skills Price contained in the Mobilization Payment.

Mobilization Payment. On or before and as a condition precedent to the issuance of the Notice to Proceed in accordance with Section 5.2 5.2B and upon Owner’s receipt of an Invoice from Contractor, Owner shall pay Contractor a fixed amount equal to ten fifteen percent (1015%) of the Contract Price (the “Mobilization Payment”). 1. The Mobilization Payment is separated as follows: a. U.S. Dollars (U.S.$***) for those components of the Aggregate Equipment Price contained in the Mobilization Payment; and, b. U.S. Dollars (U.S.$***) for those components of the Aggregate Labor and Skills Price contained in the Mobilization Payment.