Progress Payments for Specifically Manufactured Items Sample Clauses

Progress Payments for Specifically Manufactured Items. Except with the District's prior approval, Design-Builder shall not make advance payments to suppliers for materials or equipment which have not been delivered and stored at the Site. At the option of the District, progress payments during the fabrication of items specialty manufactured for incorporation into this Project, which cannot practicably be diverted to another project, and which have a lengthy fabrication period, may be made by the District. Items for this Project which the District considers to be eligible for progress payments are listed in the Contract Documents. In addition, Design-Builder may request progress payments for other items prior to commencing fabrication, which request may be approved or disapproved by the District at its option. Submission of request for progress payments must be accompanied by a notarized statement furnished by the manufacturer of the item that the amount of progress payment claimed constitutes not more than the requested percentage of the manufacturer’s invoice and setting forth all previous payments that have been made by Design-Builder to the manufacturer.
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