Project Completion Payment Sample Clauses

Project Completion Payment. Owner shall make to Contractor the payment of the sum of the unpaid balance of the Contract Price (including all Retainage (the "Project Completion Payment") within thirty (30) days after Project Completion.
Sample 1Sample 2Sample 3
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Project Completion Payment. Owner shall make to Contractor the payment of the sum of the unpaid balance of the Contract Price (including all Retainage, less the amount (if any) retained pursuant to clause (2) of Section 4.2.4(a) hereof) (the "PROJECT COMPLETION PAYMENT") within thirty (30) days after Project Completion.
Sample 1
Project Completion Payment a) In any week where an employee is ready, willing and available to work in accordance with the Company‘s lawful requirements and in particular, strictly following the procedures for resolving grievances as provided for in this Agreement, an additional payment of $150.00 per completed week of service on site will be accrued by the employee and paid out on completion of the employee‘s employment on the Project. b) For the purposes of this clause, a Completed Week of Service shall include; time not worked due to annual leave, paid personal leave (including sick and carer‘s leave), compassionate leave, jury service, R&R leave days, public holidays, RDOs, workers compensation to a maximum of two (2) weeks and approved unpaid leave taken in conjunction with R&R leave. c) In any week in which an employee engages in industrial activity of any nature which ceases or disrupts operations, this payment will be forfeited in full. d) The allowance shall also be forfeited on a pro rata basis with respect to any other unauthorised absences. An employee who terminates during the week will only receive this allowance for the days actually worked. e) An Employee dismissed summarily (without notice) for serious misconduct or an Employee dismissed on the grounds of unsatisfactory conduct or performance shall not receive the Project Completion Payment that may have been accrued. f) For the purposes of pro rata entitlements under this clause, the allowance will be calculated at the rate of $21.43 per day.
Sample 1
Project Completion Payment. ‌ 11.1 A Project Completion Payment (‘PCP’) will accrue for each completed week of work on site at a rate of $150.00 per week worked. 11.2 The PCP will not accrue on any form of leave or unauthorised absence. 11.3 The PCP will be paid out only on written notification of demobilisation from the Project. This written notification will be provided to you by the Employer. 11.4 For avoidance of doubt: (a) the PCP will not be payable if the Employee leaves the Project for any reason prior to receiving written notification of their demobilisation from the Project; and (b) nothing in this Clause 11 or this Agreement more generally is intended to or will entitle an Employee to receive more than one PCP on demobilisation from the Project.
Sample 1
Project Completion Payment. Subject to the conditions set out in this clause, an employee may qualify for the payment of the Project Completion Payment (PCP) of $20.00 per day worked. To qualify for PCP an employee must be ready, willing and available to work as directed for those hours that they are normally required to work by the Employer, including, in the case of employees who are not engaged on shift work, regular rostered overtime. a) PCP accrued during the employees employment on the project is payable when the employee terminates/is terminated from the project; b) PCP accrues during any day an employee is: (i) carrying out their normal work; (ii) on paid leave, Monday to Friday; (iii) on Rostered Days Off (RDO’s) (iv) on workers' compensation, to a maximum of two weeks, Monday to Friday. c) PCP does not accrue for the day during any period of: (i) unpaid leave, (ii) unauthorised leave; or (iii) other unauthorised absence. d) An employee forfeits PCP that may accrue in any day in which the employee engages in any form of industrial action.
Sample 1
Project Completion Payment. To assist in encouraging all Employees to work through to project completion the Employer is putting in place an Incentive Payment. This payment is not payable if an Employee resigns or if an Employee creates a situation or circumstances where the Employer terminates employment due to bad timekeeping, absenteeism, misconduct, poor performance or similar. The bonus to the abovementioned eligible Employees will consist of a flat $100 per completed week of service, applicable for each week worked on the project from commencement to completion (or termination of employment, whichever comes first). This bonus will be calculated at the end of the project and paid as a lump sum within 2 weeks of project completion. The intent of this Project Completion Payment arrangement is to create a win-win situation; the Employees that help the Employer to achieve timely completion and remain until completion, are rewarded for their efforts. This arrangement is made in good faith, with the hope and intent that all eligible Employees benefit and receive this Project Completion Payment.
Sample 1
Project Completion Payment. 7.4.1 Subject to all the conditions set out in this clause, an eligible Employee will qualify for the accrual of the Project Completion payment of $150.00 per completed full week of employment to be paid on the completion of employment on the project in the following circumstances; • the employment of the Employee is terminated by the Company at the conclusion of the Project because the Employee’s position is no longer required; or • the Employee has satisfactorily completed their tenure on the project as required by the company and their employment is terminated because the Employees position is no longer required; or • the Company otherwise determines that the PCP should be payable in extenuating circumstances; or • an Employee dies whilst currently employed by the company on the Project . 7.4.2 The payment does not accrue during any week where an eligible Employee is; • taking unauthorised leave; or • absent without authorisation; or • receiving income protection payments in accordance with clause 7.6 of this Agreement for a period of less than 14 days or engaged in any form of industrial action., or • absent from rostered Saturday overtime without authorised leave.
Sample 1
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Related to Project Completion Payment

  • Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.

  • Project Completion The Contractor agrees to schedule a final job walk with the County. If required, the County will prepare a list of incomplete items, the “Punch List”. The Contractor agrees to complete the “Punch List” corrections and schedule a final project completion job walk. The County will sign the “Punch List” as completed when determined, the project is finished. The Contractor agrees to submit the following along with its final payment request:

  • Project Completion Report At the completion of construction and once a Project is placed in service, the Subrecipient must submit a Project Completion Report that includes the total number of units built and leased, affordable units built and leased, DR-MHP units built and leased, an accomplishment narrative, and the tenants names, demographics and income for each DR-MHP unit.

  • FINAL COMPLETION AND FINAL PAYMENT 9.9.1 Upon receipt of written notice that the Work is ready for final inspection and acceptance and upon receipt of a final Application for Payment, the Architect will promptly make such 9.9.2 Neither the final payment nor the remaining retained percentage shall become due until the Contractor submits to the Architect (1) an affidavit that all payrolls, bills for materials and equipment, and other indebtedness connected with the Work for which the State or its property might in any way be responsible, have been paid or otherwise satisfied; (2) consent of surety, if any, to final payment; (3) Other data establishing payment or satisfaction of all such obligations, including, but not limited to, receipts, releases, or other supporting documentation. and (4) final waivers of liens arising out of the Contract, to the extent and in such form as may be designated by the State. If any Subcontractor refuses to furnish a release or waiver required by the State, the Contractor may furnish a bond satisfactory to the State to indemnify him against any such lien. If any such lien remains unsatisfied after all payments are made, the Contractor shall refund to the State all moneys that the latter may be compelled to pay in discharging such lien, including all costs and reasonable attorneys' fees. 9.9.3 If, after Substantial Completion of the Work, final completion thereof is materially delayed through no fault of the Contractor or by the issuance of Change Orders affecting final completion, and the Architect so confirms, the State shall, upon application by the Contractor and certification by the Architect, and without terminating the Contract, make payment of the balance due for that portion of the Work fully completed and accepted. If the remaining balance for Work not fully completed or corrected is less than the retainage stipulated in the Contract Documents, and if bonds have been furnished as required by the Contract Documents, the written consent of the surety to the payment of the balance due for that portion of the Work fully completed and accepted shall be submitted by the Contractor to the Architect prior to certification of such payment. Such payment shall be made under the terms and conditions governing final payment, except that it shall not constitute a waiver of claims. 9.9.4 The making of final payment shall constitute a waiver of all claims by the State except those arising from: (a) unsettled liens, (b) faulty or defective Work appearing after Substantial Completion, (c) failure of the Work to comply with the requirements of the Contract Documents, or (d) terms of any special warranties required by the Contract Documents. 9.9.5 The acceptance of final payment shall constitute a waiver of all claims by the Contractor except those previously made in writing and identified by the Contractor as unsettled at the time of the final Application for Payment.

  • Project Closeout a. Participate in final inspection to prepare punch lists for project contractor to correct and/or to complete listed items. Verify that items on punch lists have been completed successfully assist COUNTY Project Manager or designee to determine completion date and coordinate project close out. a. Coordinate the preparation, acceptance and distribution of project closeout documents in accordance with COUNTY Project Manager or designee procedures to clients.

  • Final Completion Date Final Completion for the Work as defined in Article 6.1.3 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by October 31, 2024.

  • Completion Date The Work under this Contract shall be completed by midnight of the date required in the Contract as the Material Completion and Occupancy Date unless extended by approved requests for extension of time.

  • Final Completion The full and final completion of all Work in accordance with the Contract Documents.

  • Substantial Completion Date Substantial Completion of the Work as defined in Article 6.1.2 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by July 31, 2022.

  • Construction Completion The related Construction shall have been completed substantially in accordance with the related Plans and Specifications, the related Deed and all Applicable Laws, and such Leased Property shall be ready for occupancy and operation. All fixtures, equipment and other property contemplated under the Plans and Specifications to be incorporated into or installed in such Leased Property shall have been substantially incorporated or installed, free and clear of all Liens except for Permitted Liens.

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