Separated Contract Price. Owner shall pay Contractor the Separated Contract Price, without deduction or offset except as specified in this Agreement, which will separately state the cost for materials and labor, as full payment for all Work to be performed by Contractor under this Agreement. The following amounts, if any, that shall be payable to Contractor pursuant to the terms hereof are in addition to the Separated Contract Price: (i) interest payable on delayed payments by Owner hereunder; and (ii) sales tax reimbursement, if any, pursuant to Section 3.24. Except as expressly provided in herein, payments of the Separated Contract Price shall be made based on completion of Milestones in accordance with the Milestone Payment Table (“Milestone Payments”), subject to the terms and conditions hereof.
Separated Contract Price. Owner shall pay Contractor the Separated Contract Price, which will separately state the cost for materials and labor, as full payment for all Work to be performed by Contractor under this Agreement. The following amounts that may be payable to Contractor pursuant to the terms hereof are in addition to the Separated Contract Price: (i) any Early Completion Bonus and/or Performance Bonus; (ii) interest payable on delayed payments by Owner hereunder; (iii) sales tax reimbursement, if any, pursuant to Section 3.24; and (iv) internal costs payable to Contractor pursuant to Section 5.01. Except as expressly provided in herein, payments of the Separated Contract Price shall be made based on completion of Milestones in accordance with the Milestone Payment Table ("Milestone Payments"), subject to the terms and conditions hereof.
Separated Contract Price. Owner shall pay Contractor the Separated Contract Price, equal to Twenty-Four Million Two Hundred Two Thousand Four Hundred Eighty Two and No/100 Dollars ($24,202,482.00), as full payment for all Work to be performed by Contractor under the Contract Documents. The following amounts may also be payable to Contractor pursuant to the terms hereof are in addition to the Separated Contract Price: (i) change order work; (ii) any Early Completion Bonus; and (iii) interest payable on delayed payments by Owner hereunder. Except as expressly provided herein, payments of the Separated Contract Price shall be made based on the Schedule of Values as provided by Contractor to Owner. When the Contract is mutually executed between Owner and Contractor and Contractor provides the bond, Owner agrees to compensate Contractor within five (5) days thereof, the amount of five percent (5%) of the Contract Price. The Schedule of Values is formulated to ensure that the Contractor maintains a positive cash flow during the course of the Project.
Separated Contract Price. As full compensation for the Work and all of Contractor’s obligations hereunder, Owner shall pay to Contractor a separated contract price amount (the “Separated Contract Price”) as determined during the Open Book Review conducted pursuant to Section 5.3, such Separated Contract Price to be set forth in the form provided in Exhibit BB. Once finally determined, the Separated Contract Price shall be changed only as expressly set forth in this Agreement. The Separated Contract Price shall be paid in accordance with Article 6. The Separated Contract Price shall be determined during the Open Book Review and in any event no later than the date that is eight (8) months from the date hereof. Contractor and Owner shall memorialize the agreed upon Separated Contract Price in writing executed by the duly authorized representatives of the Parties, including a final Exhibit BB. Owner may terminate this Agreement by Notice to Contractor at any time before the Separated Contract Price is determined if after good faith negotiations, and subject to the management negotiation procedures set forth in Section 32.1, the Parties fail by absence of mutual written agreement to finalize the Separated Contract Price. Upon such termination, Contractor shall be entitled to receive the payments as set forth in Section 20.1.1.
