Common use of Payments to Trade Contractors Clause in Contracts

Payments to Trade Contractors. 4.4.1 Upon award of the Trade Contract, the Construction Manager shall have each Trade Contractor prepare and submit a Schedule of Values allocating that portion of the Construction Cost attributable to its Trade Contract to the various portions of the Work. Each Schedule of Values shall be prepared in a form and substance acceptable to the Construction Manager (which form shall previously have been approved by the Owner) and supported by such data as may be necessary to substantiate its accuracy. The Construction Manager shall develop and implement procedures for the review and processing of applications by Trade Contractors for progress and final payments. Payment packages shall include, but shall not be limited to, each of the following documents: schedule of values, sworn statements, and appropriate Acknowledgements of Payment or other similar waivers and releases of claims.

Payments to Trade Contractors. 4.4.1 Upon award of the Trade Contract, the Construction Manager shall shallwill have each Trade Contractor prepare and submit a Schedule of Values allocating that portion of the Construction Cost attributable to its Trade Contract to the various portions of the Work. Each Schedule of Values shall shallwill be prepared in a form and substance acceptable to the Construction Manager (which form shall previously shallwill previous ly have been approved by the Owner) and supported by such data as may be necessary to substantiate its accuracy. The Construction Manager shall shallwill develop and implement procedures for the review and processing of applications by Trade Contractors for progress and final payments. Payment packages shall shallwill include, but shall shallwill not be limited to, each of the following documents: schedule of values, sworn statements, and appropriate Acknowledgements of Payment or other similar waivers and releases of claims.