Payments for Work in Progress Clause Samples

Payments for Work in Progress. The ESCO shall submit invoices for the Work, including back-up documentation, to the ISSUER for the ISSUER’s review and approval on the schedule provided for the Work in Schedule O. No later than ( ) calendar days following the receipt of any invoice, the ISSUER shall inspect the Work for which the ESCO requests payment and notify the ESCO in writing of the ISSUER’s approval or disapproval. Any disapproval of the Work shall be corrected in accordance with Schedule K, Correction of Work. No later than ( ) calendar days from the ISSUER’s approval of the Work addressed in any invoice, the ISSUER shall pay, or cause to be paid to ESCO, the total costs of approved Work. The ISSUER may, upon request or at its discretion, furnish to a Subcontractor, if practicable, information regarding the percentages of completion of the Work that is the subject of any invoice and the action taken thereon by the ESCO on account of Work completed by such Subcontractor. No payment to the ESCO, nor any partial or entire use of occupancy of the Premises by the ISSUER shall constitute an acceptance of any Work that is not completed in accordance with the provisions of this Agreement.