Common use of PAYMENT OF CONSTRUCTION COST Clause in Contracts

PAYMENT OF CONSTRUCTION COST. 8.3.1 The Construction Cost will be paid monthly as expenses are incurred in accordance with Article 9 of the Standard General Conditions. No retainage will be held on the Construction Manager’s Personnel Charges or “General Conditions Items” (as described in Section 2.10.2 above). The Construction Manager’s Fee for Pre-Construction Phase Services shall be billed and paid monthly in equal installments as set forth in the Schedule of Project Details. The Construction Manager’s Fee for Construction Phase Services shall be billed and paid monthly in proportion to the Construction Base and General Conditions Items on which it is based.

PAYMENT OF CONSTRUCTION COST. 8.3.1 The Construction Cost will be paid monthly as expenses are incurred in accordance with Article 9 of the Standard General Conditions. No retainage will be held on the Construction Manager’s ’ s Personnel Charges or “General Conditions Items” (as described in Section 2.10.2 above). The Construction Manager’s Fee for Pre-Construction Phase Services shall shallwill be billed and paid monthly in equal installments as set forth in the Schedule of Project Details. The Construction Manager’s Fee for Construction Phase Services shall shallwill be billed and paid monthly in proportion to the Construction Base and General Conditions Items on which it is based.