Common use of Provision for Payment Clause in Contracts

Provision for Payment. A. Pre-Construction Phase Services For satisfactory performance of all Pre-Construction Phase Services pursuant to Appendix "A", the OWNER shall pay, and the CM agrees to accept, as full compensation, the following: 1. Actual Direct Salary of all technical employees of the CM assigned to the Project. Actual Direct Salary, as used herein, shall not include allowances for insurance, payroll taxes, or other benefits listed in item A.2.,