Common use of Periodic Payments Clause in Contracts

Periodic Payments. Payment of fees under Design Orders and CCA Orders may be made monthly with the amount of the payment prorated over the anticipated time required to complete a particular Order, or based upon the percentage of work completed. In no case shall the total of the partial payments for a particular phase exceed the fee established for that Order. The Design Professional shall make payments to its consultants within five (5) business days following receipt of payment from the Owner.

Appears in 18 contracts

Samples: Idiq Design Professional Services Contract, Idiq Design Professional Services Contract, Idiq Design Professional Services Contract

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Periodic Payments. Payment of fees under Design Orders and CCA Orders may be made monthly with the amount of the payment prorated over the anticipated time required to complete a particular Order, or based upon the percentage of work completed. In no case shall the total of the partial payments for a particular phase exceed the fee established for that Order. The Design Professional shall make payments to its consultants within five (5) business days following receipt of payment from the Owner.. SAMPLE

Appears in 1 contract

Samples: Idiq Design Professional Services Contract

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