Payments in Trust. Notwithstanding the foregoing, payments received by Construction Manager will be held in trust for the benefit of all Subcontractors, and others claiming a right to payment from Construction Manager out of the Contract Sum. Construction Manager agrees that Construction Manager will not have any property interest in payments made by Owner except for the balance in excess of all amounts owed to Subcontractors and other claimants.
Appears in 5 contracts
Samples: Construction Management Services, agenda.brevardschools.org, agenda.brevardschools.org
