Common use of Provision for Payment Clause in Contracts

Provision for Payment. The STATE shall pay to the CONSULTANT, and the CONSULTANT agrees to accept as full compensation for his services under this Agreement: Item I Specific Hourly (fully loaded rates) Salary Rates of pay shown in EXHIBIT "A" and “B” for employees assigned to this PROJECT. The Specific Hourly rates and all components of those rates including the number of hours charged are subject to audit. The State may authorize additional titles to be added to the Specific Hourly Rate Table during the term of the Agreement and evidenced by a revised salary schedule. The Specific Hourly Rates for any additional titles shall be computed in a manner consistent with the computation of the initial Specific Hourly Rates.