Partial and Final Payments Sample Clauses

Partial and Final Payments. A. Projects with Architect/Engineer acting as Owner’s Agent - For projects in which the Architect/Engineer has been designated to provide oversight (acting as Owner’s Agent)- Contractor shall submit invoice to Architect/Engineer for review and approval.
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Partial and Final Payments. Partial payments will be made on or before the 20th of each month for 95% of the work done during the previous month, as estimated by the Engineer. The remaining 5% will be held by the City of Durham as Retainage. The Retainage amount will be increased on the monthly Pay Request only up to the point that 50% of the Project, based on cost, is complete. When the project is 50% complete, the owner shall not “retain any further retainage” from periodic payments due if:
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Partial and Final Payments. Partial payments of the foregoing will be made at monthly intervals as the work progresses, based upon certified invoices received, compatible with current practices and acceptable to the Local Agency. Payments will be based upon the estimated percentage of completion of work. Every request for payment must include one original of the certified invoice, along with one original of the progress report. Whenever the Consultant completes the work in accordance with the terms of the Agreement, the Local Agency’s Liaison will certify to the completion and recommend to the Local Agency that final acceptance be made. The Local Agency will notify the Consultant that acceptance has been made. The Local Agency reserves the right to withhold payment of the Consultant's final payment until any and all just claims filed with the Local Agency against the Agreement have been settled. Accomplishment of an affidavit on the final claim by the Consultant shall constitute full acceptance by the Consultant of the total amount shown as the entire amount due the Consultant under the agreement.
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Partial and Final Payments. In accordance with the provisions set forth in the "General Conditions" of the Specifications, and subject to additions and deductions as provided in the Contract Documents, the CRA shall pay the CONTRACTOR as follows:
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Partial and Final Payments. ARTICLE 40.
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Partial and Final Payments. Partial payments will be made on or before the 20th of each month for 95% of the work done during the previous month, as estimated by the Engineer. The remaining 5% will be held by the City of Durham as Retainage. The Retainage amount will be increased on the monthly Pay Request only up to the point that 50% of the Project, based on cost, is complete. When the project is 50% complete, the owner shall not “retain any further retainage” from periodic payments due if: (1) the owner obtains written consent of surety; and (2) the performance of work is satisfactory up to the 50% completion point. Notwithstanding satisfactory performance by the contractor at the 50% project completion point, the owner may still retain up to 5% retainage on subsequent payments in order to retain an overall project retainage of no more than 2.5% through completion of the project. If, however, at any point the owner finds the contractor’s performance to be “unsatisfactory,” (whether at the 50% completion point or after), the owner may “reinstate” retainage from each subsequent periodic payment up to a 5% maximum to maintain the 5% total project retainage. Monthly payments shall only be paid when the Work is progressing in accordance with the terms of the Contract. As soon as practicable after the acceptance of the work, the Contractor shall be issued a final estimate based upon the actual quantities of complete and accepted work. Within thirty days thereafter, such final estimate shall be considered for approval by the Engineer; and after it has been approved, the City shall pay the entire sum so found to be due hereunder, after deducting therefrom all previous payments and all amounts to be retained under the provisions of this Contract. All prior partial estimates may be subject to correction in the final estimate and payment. Neither the preparation of said final estimate nor its approval by the Engineer, nor the payment of said final estimate shall be construed to affect the right reserved by the City to reject the whole, or any portion, of the Work, should any of said Work be found inconsistent with any terms of the Contract, or should it be found that the preparation of said estimate or said approval of said payment otherwise was improperly done. The Contractor shall not be entitled to receive payment on partial or final estimates unless only first class workmanship and materials shall have been used. The inspection of the Work at any time shall not relieve the Contractor of ...
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Partial and Final Payments. Payments to the University for costs incurred in the performance of the task orders will be made monthly based on certified and itemized invoices detailed to show the elements of direct cost incurred, the various surcharges added to the payroll and the overhead charges The certified and itemized invoices, which shall use the form shown in the LTRC Manual of Research Procedures in effect on the date of the task order, shall show the total amount earned to the date of submission and the amount due and payable as of the invoice. If the certified and itemized invoices are not of the form shown in the LTRC Manual of Research Procedures; then documentation of the elements of direct cost incurred shall be submitted with each invoice. Documentation of the elements of direct cost incurred will be available for audit purposes for each invoice, pursuant to Article XXIV of this Research Agreement. An amount equal to ten percent (10%) of the total of all salaries and wages, together with payroll additives and indirect costs, and of any subcontracts that include direct labor coSts, shall be deducted from each monthly invoice and retained by the DOTD/LTRC. The amounts of such retainage must be shown on each monthly invoice. Upon certification by the LTRC Director of Research that the task order has been completed, the accumulated retainage shall be paid to the University .Payment shall be effected by submission by the University of a final invoice for the retained amount, which must be submitted and will be paid under the same conditions as set forth below for all invoices. The original and two (2) copies of the invoice shall be submitted to the Project Coordinator no later than 20 days after the close of each calendar month, and the final invoice for retained funds shall be submitted no later than 60 days following receipt by the University of the certification of satisfactory completion of the task order . Upon receipt and approval of each invoice the DOTD/LTRC shall cause the amounts shown to be due and payable to'be-paid within sixty (60) days.
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Partial and Final Payments. We will prepare up to eight (8) partial payments and one (1) final payment for the project. We have assume payments will be prepared in Excel and we will prepare an example payment before the project to confirm the City is in agreement on format of the payment. We will coordinate each partial payment and final payment with MnDOT State Aid through the required Delegate Contract Process (DCP) requirements.
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Partial and Final Payments 
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Related to Partial and Final Payments

  • ACCEPTANCE AND FINAL PAYMENT Upon written notice to the Owner that the work is one hundred percent (100%) complete, the Owner shall inspect the project. When the project is one hundred percent (100%) acceptable and complete to the Owner, the Contractor shall submit evidence satisfactory to the Owner that all payrolls, material bills, interest on retention, and other indebtedness connected with the work have been paid. Once all Date: 11/1/16, Rev. A PUR-F532 Page 1 of 2 requirements have been satisfied, the Owner shall issue a fully executed Certificate of Completion which shall constitute the Owner’s acceptance of the work in accordance with NRS 338.

  • FINAL COMPLETION AND FINAL PAYMENT 9.9.1 Upon receipt of written notice that the Work is ready for final inspection and acceptance and upon receipt of a final Application for Payment, the Architect will promptly make such inspection and, when he or she finds the Work acceptable under the Contract Documents and the Contract fully performed, he or she will promptly issue a final Certificate for Payment stating that to the best of his / her knowledge, information and belief, and on the basis of his or her observations and inspections, the Work has been completed in accordance with the terms and conditions of the Contract Documents and that the entire balance found to be due the Contractor, and noted in said final Certificate, is due and payable. The Architect's final Certificate for Payment will constitute a further representation that the Contractor has fulfilled the conditions entitling him or her to final payment as set forth in Subparagraph 9.9.2 of these General Conditions.

  • Final Payment A. Upon final completion and acceptance of the Work in accordance with Paragraph 15.06 of the General Conditions, Owner shall pay the remainder of the Contract Price as recommended by Engineer as provided in said Paragraph 15.06.

  • Partial Payments (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

  • Additional Payments Any sums expended by Agent or any Lender due to any Borrower’s failure to perform or comply with its obligations under this Agreement or any Other Document including any Borrower’s obligations under Sections 4.2, 4.4, 4.12, 4.13, 4.14 and 6.1 hereof, may be charged to Borrowers’ Account as a Revolving Advance and added to the Obligations.

  • Annual Payments The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement.

  • Partial Payment If in any distribution described in Section 4(a) above the assets of the Issuer or proceeds thereof are not sufficient to pay in full the amounts payable with respect to all outstanding shares of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution, holders of Designated Preferred Stock and the holders of such other stock shall share ratably in any such distribution in proportion to the full respective distributions to which they are entitled.

  • Longevity Payments All employees, who are hired on or after January 1, 1989, shall not be covered by this Article. Full-time employees on the County Payroll as of December 31, 1988, shall be entitled to longevity pay subject to the following provisions:

  • ADDITIONAL PAYMENT In addition to any Spousal Support, in the event of Divorce: (check one) ☐ - There shall be No Additional Payment made by either Spouse to the other than those listed in this Agreement. ☐ - There shall be an Additional One (1) Time payment in the amount of $ made by the ☐ Husband ☐ Wife to the ☐ Husband ☐ Wife (“Additional Payment”). The Additional Payment shall be made within thirty (30) days after a divorce judgment, decree, or similar document that certifies the Divorce. ☐ - Other. .

  • Interim payments Interim payments may be made by Department, at its discretion, if the completion of deliverables to date have first been accepted in writing by Department's Grant Manager.

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