Common use of Scope of Payment Clause in Contracts

Scope of Payment. The Contractor shall accept the compensation as herein provided in full payment for furnishing all necessary materials, labor, tools, equipment and incidentals; and for performing all Work under the Contract; also for all loss or damage arising from the nature of the Work, or from the action of the elements (except as specified in Subsection 107.07, titled “Time for Completing the Work,” which may be encountered during the prosecution of the Work), until its final acceptance by the Engineer. Failure of the Contractor to provide the report pursuant Subsection 103.02, titled “Construction Schedule” and Subcontractor listing pursuant Subsection 107.01, titled “Subcontracting of Contract Work,” will result in the payment not being processed.

Scope of Payment. ‌ The Contractor shall accept the compensation as herein provided in full payment for furnishing all necessary materials, labor, tools, equipment and incidentals; and for performing all Work under the Contract; also for all loss or damage arising from the nature of the Work, or from the action of the elements (except as specified in Subsection 107.07, titled “Time for Completing the Work,” which may be encountered during the prosecution of the Work), until its final acceptance by the Engineer. Failure of the Contractor to provide the report pursuant Subsection 103.02, titled “Construction Schedule” and Subcontractor listing pursuant Subsection 107.01, titled “Subcontracting of Contract Work,” will result in the payment not being processed.