Common use of Province’s Response Clause in Contracts

Province’s Response. The Province will review the Contractor’s submitted Payment Calculation and may conduct its own audit or assessment to determine the appropriate Payment Adjustments to be applied. Additionally, the Province will assess any holdbacks, holdback releases, set-offs, or other adjustments necessary to be applied to each month’s Payment Calculation. The Province will complete Category C and Category D of the Payment Calculation applying such holdbacks, holdback releases, set-offs, or other adjustments. On or before making a Payment and by way of a revised and completed Payment Calculation, the Province will notify the Contractor of any changes to Category A and Category B of the Payment Calculation as originally submitted by the Contractor.