PROGRESS PAYMENTS AND FINAL PAYMENTS. The Owner will make Progress Payments and Final Payment on account of the Contract as provided in Articles 9.4 and 9.9, respectively, of the Standard General Conditions (November 1, 2016; Rev. 6/18, 8/21).
PROGRESS PAYMENTS AND FINAL PAYMENTS. The Company shall prepare for submission to the Municipal Governing Body vouchers stating the extent and value of work which was been completed as of the date of the preparation of each voucher. Each voucher shall be delivered to the tax assessor for review, and if approved by the tax assessor, the Municipality shall make payment within 30 days of Ninety (90%) percent of the amount of the voucher. The following schedule will be used to determine the percentage of work completed: * Set-Up and Planning 20% value Field Work 40% value Land Calculations 10% value Data Processing 15% value Photographs 5% value Informal Hearings 10% value * Set-up and planning phase includes loading MOD IV masterfile, printing of forms and pamphlets, processing of forms and initial letters, processing and printing of data collection forms, press release, obtaining ID badges, plotting of sales (at least 4 years) onto tax map and input forms, inventory of master file to tax map, mailing of initial letters, obtaining bond, training field crew, and meetings with assessor. An amount equal to Ten (10%) percent of the total Contract price (retained amount) shall be paid to the Company, together with the last voucher submitted after all services have been completed under the Contract except for the services required under Article XI “DEFENSE”. No funds shall be retained by Municipality with respect to the services required under the aforesaid Article XI “DEFENSE”. The guarantee in the performance bond being considered as sufficient protection of the Municipality’s interests. In the event the Municipality fails, without good cause, to make payments when due the Company may, after giving seven (7) days prior written notice to the Haddon Township Clerk and Tax Assessor, suspend services under this contract until the amount due has been paid. The Company shall provide written monthly progress reports to the Haddon Township Tax Assessor for his review. The Company shall make monthly revaluation compliance reports to the Assessor, who will then provide them to the Camden County Board of Taxation.
PROGRESS PAYMENTS AND FINAL PAYMENTS. Progress payments and final payments will be made in accordance with the Construction Terms, Section 10.
