Monthly Progress Payments. (1) Monthly progress payments will be made by the 10th business day following payment received by [Insert DB Contractor Name] for the items of work performed by the subcontractor. Payment to each DBE subcontractor will be recorded in the Department’s Compliance Monitoring and Tracking System. All DBE subcontractors are required to pay their subcontractors within 10 business days following payment received by the DB Contractor.
(2) A number of instances can impact payment time that are outside the control of the DB Contractor or higher tier Consultant:
(a) The failure of the subcontractor to provide an invoice in a timely manner;
(b) Quality issues with the subcontractor’s work;
(c) Apparent prompt pay or violations of other federally required provisions;
(d) Failure to pay vendors for materials purchased and used in the project;
(e) The Department’s failure to provide copies of pay estimates in a timely manner; and
(f) Delays by the Department in payments to the DB Contractor.
Monthly Progress Payments. The compensation amount under this section shall be paid by City, monthly, based upon a percentage of completion of the work as invoiced by Contractor and approved by City. The compensation sought under this Agreement is subject to the express terms of this Agreement and any applicable federal and/or state laws.
Monthly Progress Payments. The Authority will, provided that the Contractor shall proceed properly to perform and complete the Work required under this Contract, make monthly progress payments to the Contractor, in accordance with an approved determination of the amount already earned. Contractor shall submit completed AIA G-702 and 703 forms to the Authority for payment for previous months completed work.
Monthly Progress Payments. Progress payments may be claimed on a monthly basis for all costs authorized in 1 above. The monthly billing shall be supported by detailed statements for hours expended at the rates established in Schedule 1, including names and classifications of all employees, and billing for all direct non-salary expenses. To provide a means of verifying the billed salary costs for the Consultant’s employees, the Port may conduct employee interviews. These interviews may consist of recording the names, titles, salary rates, and present duties of those employees performing the Work on the Project at the time of the interview. The Consultant shall direct its employees to cooperate and provide this information when requested by the Port.
Monthly Progress Payments. The CONSULTANT may submit xxxxxxxx to the AGENCY for reimbursement of costs on a monthly basis. To provide a means of verifying the billed salary costs for the CONSULTANT’s employees, the AGENCY may conduct employee interviews. These interviews may consist of recording the names, titles, salary rates, and present duties of those employees performing work on the SERVICES at the time of the interview.
Monthly Progress Payments. City shall make progress payments, at minimum, monthly, as the Work proceeds or at more frequent intervals as determined by City, upon receipt of mathematically correct certified pay applications submitted by JOC and approved by City and, if requested by City, approved by Design Consultant, if any. For submission of its mathematically correct pay application, JOC shall use a format deemed acceptable to City and said monthly pay application shall include supporting documents reflecting a breakdown showing how JOC’s Work done to the date of the submitted pay application compares to the total project scope, broken out by category of Work. A submitted pay application shall contain as much detail as City so requests, so City may determine the progress payment due and owing to JOC. In addition to payment to JOC for Work completed, City, at City’s option, may authorize payment to JOC for material(s) delivered to the site and any preparatory Work performed by JOC, if JOC furnishes satisfactory evidence that it has acquired title to the material, the material shall be used to perform the Work ordered and any preparatory Work performed was in furtherance of the Work ordered. Releases of liens from JOC and each of JOC’s Subcontractors and suppliers utilized to perform the Work are required as back up for the pay application certificate.
Monthly Progress Payments. The CONSULTANT may submit invoices to the AGENCY for reimbursement of actual costs plus the calculated overhead and fee not more often than once per month during the progress of the work. Such invoices shall be in a format approved by the AGENCY and accompanied by the monthly progress reports required under Section III, General Requirements, of the AGREEMENT. The invoices will be supported by itemized listing and support document for each item including direct salary, direct nonsalary, and allowable overhead costs to which will be added the prorated Fixed Fee.
Monthly Progress Payments. 6.2.1 On or before the date established in the Agreement, Design-Builder shall submit for Owner's review and approval its Application for Payment requesting payment for all Work performed as of the date of the Application for Payment. The Application for Payment shall be accompanied by all supporting documentation required by the Contract Documents and/or established at the meeting required by Section 2.1.4 hereof.
Monthly Progress Payments. 6.2.1 On or before the date established in the Agreement, Design-Builder shall submit for Owner's review and approval its Application for Payment requesting payment for all Work performed as of the date of the Application for Payment. The Application for Payment shall be accompanied by all supporting documentation required by the Contract Documents and/or established at the meeting required by Section 2.1.4 hereof.
6.2.2 The Application for Payment may request payment for equipment and materials not yet incorporated into the Project, provided that (i) Owner is satisfied that the equipment and materials are suitably stored at either the Site or another acceptable location, (ii) the equipment and materials are protected by suitable insurance and (iii) upon payment, Owner will receive the equipment and materials free and clear of all liens and encumbrances.
6.2.3 The Application for Payment shall constitute Design-Builder's representation that the Work has been performed consistent with the Contract Documents, has progressed to the point indicated in the Application for Payment, and that title to all Work will pass to Owner free and clear of all claims, liens, encumbrances, and security interests upon the incorporation of the Work into the Project, or upon Design-Builder's receipt of payment, whichever occurs earlier.
Monthly Progress Payments. 6.2.1 On the tenth (10th) day of each month, Design-Builder shall submit for Department’s review and approval its Application for Payment requesting payment for all Work performed as of the first day of such month and coinciding with the progress reflected in the monthly Baseline Schedule update. The Application for Payment shall be accompanied by all supporting documentation required by the Contract Documents and/or established at the meeting required by
.1 Design-Builder shall identify each activity, and the value in dollars of such activity, in accordance with Section 6.1.1 above. Applications for Payment shall be made based on the following earned values.
.1 Design-Builder shall earn twenty percent (20%) of the value of an activity upon initiation of the respective activity.
.2 Design-Builder shall earn eighty percent (80%) of the value of an activity upon completion of the respective activity.
.2 QA/QC shall be an integral part of each activity. As part of each Application for Payment that includes completed activities, Design-Builder shall submit with the Application for Payment evidence of the QA/QC reviews, including any checklists, summary data, high- level/outline calculations or design checks, and evaluations of the work and the qualifications of the responsible personnel that completed the work, etc., that the relevant QA or QC reviewer relied on to make its determination the Work is complete and conforms to the requirements of the Contract Documents. Furthermore, the QAM shall: (a) verify that the design included in each activity has been completed in accordance with the Contract Documents; (b) certify that the construction included in each activity has been completed in accordance with the Contract Documents; and (c) certify that all required QA/QC tests, measurements, permits or other requirements have been completed and all non-conformance reports relative to the respective activity have been resolved. The QAM’s certification for monthly Application of Payment for construction activities shall include the following statement: As the Quality Assurance Manager, I certify, to the best of my knowledge, information and belief based upon and to the extent of: (i) current on-site observations and field testing required to be performed; and (ii) material certifications and test reports, that each Work Package shown herein as complete has been completed in accordance with the Contract Documents, and that all required QA/QC tests, measurements, permi...
