Common use of Payment Corrections Clause in Contracts

Payment Corrections. If any of the adjustments, holdbacks or set-offs are to be reversed or modified after the Province has made the Payment to the Contractor, such reversal or modification shall be included in the following month’s Payment. APPENDIX 1 (Table 2 of Form G1 from SR3 to RFP) APPENDIX 2 “Payment Calculation” for the month of: “Month M” DBFO Category A: Payment before Adjustments Type of Payment Payment (Constant$) Index Factor+ Payment* (Nominal $) New O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Existing O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Major Rehabilitation Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Capital Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) N/A N/A Subtotal N/A N/A A Category B: Performance-based and Other Adjustments Type of Adjustment Amount (Constant$) Index Factor+ Amount (Nominal$) Payment Adjustments accrued in Month M-1 (include descriptions) Special Adjustments accrued in Month M-1 (include descriptions) Subtotal N/A N/A B Category C: Holdbacks and Release Type of Adjustment Amount (Nominal$) Holdbacks and Release (include descriptions) C Category D: Other Adjustments Type of Adjustment Amount (Nominal$) Miscellaneous Adjustments and Reconciliations (include descriptions) D Net Payable Amount A - B - C - D +To be calculated by the Province in accordance with the Schedule 10 (Index Factor). *No Payments are subject to the goods and services tax (“GST”).

Payment Corrections. If any of the adjustments, holdbacks or set-offs are to be reversed or modified after the Province has made the Payment to the Contractor, such reversal or modification shall be included in the following month’s Payment. APPENDIX 1 (Table 2 of Form G1 from SR3 to RFP) APPENDIX 2 “Payment Calculation” for the month of: “Month M” Northeast Stoney Trail DBFO Category A: Payment before Adjustments Type of Payment Payment (Constant$) Index Factor+ Payment* (Nominal $) New O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Existing O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Major Rehabilitation Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Capital Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) N/A N/A Subtotal N/A N/A A Category B: Performance-based and Other Adjustments Type of Adjustment Amount (Constant$) Index Factor+ Amount (Nominal$) Payment Adjustments accrued in Month M-1 (include descriptions) Special Adjustments accrued in Month M-1 (include descriptions) Subtotal N/A N/A B Category C: Holdbacks and Release Type of Adjustment Amount (Nominal$) Holdbacks and Release (include descriptions) C Category D: Other Adjustments Type of Adjustment Amount (Nominal$) Miscellaneous Adjustments and Reconciliations (include descriptions) D Net Payable Amount A - B - C - D +To be calculated by the Province in accordance with the Schedule 10 (Index Factor). *No Payments are subject to the goods and services tax (“GST”).

Payment Corrections. If any of the adjustments, holdbacks or set-offs are to be reversed or modified after the Province has made the Payment to the Contractor, such reversal or modification shall be included in the following month’s Payment. APPENDIX 1 (Table 2 1 of Form G1 from SR3 to RFP) APPENDIX 2 “Payment Calculation” for the month of: “Month M” DBFO Category A: Payment before Adjustments Type of Payment Payment (Constant$Constant $) Index Factor+ Payment* (Nominal $) PNI New O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) RNI New O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Existing O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) PNI Major Rehabilitation Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) RNI Major Rehabilitation Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) PNI Capital Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) N/A N/A RNI Capital Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) N/A N/A Subtotal N/A N/A A Category B: Performance-based and Other Adjustments Type of Adjustment Amount (Constant$Constant $) Index Factor+ Amount (Nominal$Nominal $) Payment Adjustments accrued in Month M-1 (include descriptions) Special Adjustments accrued in Month M-1 (include descriptions) Subtotal N/A N/A B Category C: Holdbacks and Release Type of Adjustment Amount (Nominal$Nominal $) Holdbacks and Release (include descriptions) C Category D: Other Adjustments Type of Adjustment Amount (Nominal$Nominal $) Miscellaneous Adjustments and Reconciliations (include descriptions) D Net Payable Amount A - B - C - D +To be calculated by the Province in accordance with the Schedule 10 (Index Factor). *No Payments are subject to the goods and services tax (“GST”).

Payment Corrections. If any of the adjustments, holdbacks or set-offs are to be reversed or modified after the Province has made the Payment to the Contractor, such reversal or modification shall be included in the following month’s Payment. APPENDIX 1 (Table 2 of Form G1 from SR3 to RFP) APPENDIX 2 “Payment Calculation” for the month of: “Month M” DBFO Category A: Payment before Adjustments Type of Payment Payment (Constant$) Index Factor+ Payment* (Nominal $) New O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Existing O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Major Rehabilitation Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Capital Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) N/A N/A Subtotal N/A N/A A Category B: Performance-based and Other Adjustments Type of Adjustment Amount (Constant$) Index Factor+ Amount (Nominal$) Payment Adjustments accrued in Month M-1 (include descriptions) Special Adjustments accrued in Month M-1 (include descriptions) Subtotal N/A N/A B Category C: Holdbacks and Release Type of Adjustment Amount (Nominal$) Holdbacks and Release (include descriptions) C Category D: Other Adjustments Type of Adjustment Amount (Nominal$) Miscellaneous Adjustments and Reconciliations (include descriptions) D Net Payable Amount A - B - C - D +To be calculated by the Province in accordance with the Schedule 10 (Index Factor). *No Payments are subject to the goods and services tax (“GST”).

Payment Corrections. If any of the adjustments, holdbacks or set-offs are to be reversed or modified after the Province has made the Payment to the Contractor, such reversal or modification shall be included in the following month’s Payment. APPENDIX 1 (Table 2 of Form G1 from SR3 SR 3 to RFP) [Appendix 1 redacted] APPENDIX 2 “Payment Calculation” for the month of: “Month M” DBFO Category A: Payment before Adjustments Type of Payment Payment (Constant$) Index Factor+ Payment* (Nominal $) New O&M Operations and Maintenance Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Existing O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Major Rehabilitation Renewal Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Capital Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) N/A N/A Subtotal N/A N/A A Category B: Performance-based and Other Adjustments Type of Adjustment Amount (Constant$) Index Factor+ Amount (Nominal$) Payment Adjustments accrued in Month M-1 (include descriptions) Special Adjustments accrued in Month M-1 (include descriptions) Subtotal N/A N/A B Category C: Holdbacks and Release Type of Adjustment Amount (Nominal$) Holdbacks and Release (include descriptions) C Category D: Other Adjustments Type of Adjustment Amount (Nominal$) Miscellaneous Adjustments and Reconciliations (include descriptions) D Net Payable Amount A - B - C - D +To be calculated by the Province in accordance with the Schedule 10 (Index Factor). *No Payments are subject to the goods and services tax (“GST”).

Payment Corrections. If any of the adjustments, holdbacks or set-offs are to be reversed or modified after the Province has made the Payment to the Contractor, such reversal or modification shall be included in the following month’s Payment. APPENDIX 1 (Table 2 of Form G1 from SR3 to RFP) APPENDIX 2 “Payment Calculation” for the month of: “Month M” DBFO P3SB2 Project - DBFM Category A: Payment before Adjustments Type of Payment Payment (Constant$) Index Factor+ Payment* (Nominal $) New O&M Maintenance Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Existing O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Major Rehabilitation Renewal Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Capital Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) N/A N/A Subtotal N/A N/A A Category B: Performance-based and Other Adjustments Type of Adjustment Amount (Constant$) Index Factor+ Amount (Nominal$) Payment Adjustments accrued in Month M-1 (include descriptions) Special Adjustments accrued in Month M-1 (include descriptions) Subtotal N/A N/A B Category C: Holdbacks and Release Type of Adjustment Amount (Nominal$) Holdbacks and Release (include descriptions) C Category D: Other Adjustments Type of Adjustment Amount (Nominal$) Miscellaneous Adjustments and Reconciliations (include descriptions) D Net Payable Amount A - B - C - D +To be calculated by the Province in accordance with the Schedule 10 (Index Factor). *No Payments are subject to the goods and services tax (“GST”).

Payment Corrections. If any of the adjustments, holdbacks or set-offs are to be reversed or modified after the Province has made the Payment to the Contractor, such reversal or modification shall be included in the following month’s Payment. APPENDIX 1 (Table 2 of Form G1 from SR3 to RFP) APPENDIX 2 “Payment Calculation” for the month of: “Month M” DBFO Alberta Schools Alternative Procurement Phase-II DBFM Category A: Payment before Adjustments Type of Payment Payment (Constant$) Index Factor+ Payment* (Nominal $) New O&M Maintenance Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Existing O&M Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Major Rehabilitation Renewal Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) Capital Payment for Month M as per Appendix 1 of Schedule 14 (Payment Schedule) N/A N/A Subtotal N/A N/A A Category B: Performance-based and Other Adjustments Type of Adjustment Amount (Constant$) Index Factor+ Amount (Nominal$) Payment Adjustments accrued in Month M-1 (include descriptions) Special Adjustments accrued in Month M-1 (include descriptions) Subtotal N/A N/A B Category C: Holdbacks and Release Type of Adjustment Amount (Nominal$) Holdbacks and Release (include descriptions) C Category D: Other Adjustments Type of Adjustment Amount (Nominal$) Miscellaneous Adjustments and Reconciliations (include descriptions) D Net Payable Amount A - B - C - D +To be calculated by the Province in accordance with the Schedule 10 (Index Factor). *No Payments are subject to the goods and services tax (“GST”).