Schedule of Progress Payments Sample Clauses

Schedule of Progress Payments. 1. Payments will equal the Contract Price (less any initial payment) times the percentage listed for each phase: 10 percent of the Contract Price after Breaking Ground 10 percent of the Contract Price after Foundation is Complete 15 percent of the Contract Price after Rough Framing is Complete 10 percent of the Contract Price after Rough Plumbing is Complete 10 percent of the Contract Price after Doors and Windows are Installed 10 percent of the Contract Price after Exterior Wall Finish is Installed 10 percent of the Contract Price after Cabinets and Counters are Installed 10 percent of the Contract Price after Mechanical and Electrical Pass Inspection 10 percent of the Contract Price after Interior Finish is Complete 5 percent of the Contract Price after the Project passes Final Inspection
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Schedule of Progress Payments. 1. Each progress payment will cover Work done during the pay period. The amount of each progress payment will be based on the value of Work completed. If a progress payment would be due on a legal holiday, the payment will be made on the last business Day before that holiday.
Schedule of Progress Payments. The schedule of progress payments must specifically describe each phase of work, including the type and amount of work or services scheduled to be supplied in each phase, along with the amount of each proposed progress payment. IT IS AGAINST THE LAW FOR A CONTRACTOR TO COLLECT PAYMENT FOR WORK NOT YET COMPLETED, OR FOR MATERIALS NOT YET DELIVERED. HOWEVER, A CONTRACTOR MAY REQUIRE A DOWNPAYMENT.
Schedule of Progress Payments. First Payment (When Permit is Approved or Delivery of Equipment to Installation Site) -Second Payment (Substantial Commencement of Work and Completion of Installation) (20%) (60%) -Final Payment (Completion of Village/Town/City/County Inspections) (20%) All remaining charges are due upon final signoff from Village/Town/City/County Building Inspector. Please note system cannot be turned on until passing utility inspection.
Schedule of Progress Payments. The Owner shall make progress payments to the Contractor under the following schedule (payments to be shown as dollar sums):
Schedule of Progress Payments. 1. A first Progress Payment of (the “First Payment”): $14,500.00 is due on the day that the AHJ Permits are issued by the AHJ, and covers labor and materials for System design, permitting, and project administration. 2. A second Progress Payment of (the “Second Payment”): $34,096.00 is due on the day of Substantial Completion and covers the balance of materials, equipment, and labor to install the System as well as project administration. 3. A final Progress Payment of (the “Final Payment”): $0.00 is anticipated to be paid to Sungevity directly by the applicable utility or rebate administrator, covering the balance of work on the System, and project administration. The schedule of progress payments must specifically describe each phase of work, including the type and amount of work or services scheduled to be supplied in each phase, along with the amount of each proposed progress payment. IT IS AGAINST THE LAW FOR A CONTRACTOR TO COLLECT PAYMENT FOR WORK NOT YET COMPLETED, OR FOR MATERIALS NOT YET DELIVERED. HOWEVER, A CONTRACTOR MAY REQUIRE A DOWN PAYMENT.
Schedule of Progress Payments. Payment Schedule: If this box is checked, the following progress payment schedule applies to this Agreement. DL Restcon shall be paid progress payments during the project as follows: $ __________ on execution of Agreement (10% or $1,000 of the total Agreement, whichever is less) $ __________ upon __________________________________________________ $ __________ upon __________________________________________________ $ __________ upon __________________________________________________ Any remaining balance due under the Agreement or any change orders will be due ten (10) days after completion of the work or delivery of the invoice, whichever occurs first. The schedule of progress payments must specifically describe each phase of work, including the type and amount of work or services scheduled to be supplied in each phase, along with the amount of each proposed progress payment. IT IS AGAINST THE LAW FOR A CONTRACTOR TO COLLECT PAYMENT FOR WORK NOT YET COMPLETED, OR FOR MATERIALS NOT YET DELIVERED. HOWEVER, A CONTRACTOR MAY REQUIRE A DOWNPAYMENT.
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Schedule of Progress Payments. For the items of work satisfactorily completed under this Agreement, progress payment(s) will be made to the Contractor as specified below: Payment Upon Less Amount 1st payment Completion of 33% of the work 5% retainage $ 2nd payment Completion of 66% of the work 5% retainage $ Final payment incl. retainage Satisfactory completion and final inspection $ TOTAL: $
Schedule of Progress Payments. The schedule of progress payments must specifically describe each phase of work, including the type and amount of work or services scheduled to be supplied in each phase, along with the amount of each proposed progress payment. IT IS AGAINST THE LAW FOR A CONTRACTOR TO COLLECT PAYMENT FOR WORK NOT YET COMPLETED, OR FOR MATERIALS NOT YET DELIVERED. HOWEVER, A CONTRACTOR MAY REQUIRE A DOWNPAYMENT. Amount of Work/Services to be Performed & Materials/Equipment to be Supplied Amount Due on Completion BID DETAILS HERE REMAINING BALANCE LESS DEPOSIT CONTRACTOR shall submit an invoice for progress payment to OWNER for WORK performed, materials or equipment delivered, and/or phase of the WORK completed. CONTRACTOR shall submit an invoice for final payment after CONTRACTOR's completion of the WORK, except for punch list items, if any. OWNER shall pay CONTRACTOR within ten (10) calendar days of OWNER’s receipt of CONTRACTOR’s invoice for progress payment and/or invoice for final payment.
Schedule of Progress Payments. Xxxxx agrees to pay the entire Contract Price, according to the schedule of progress payments below. All progress payment amounts are due immediately upon completion of associated Milestone by Contractor.
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