Structural Units. Payment of one hundred percent (100%) of the cost to Contractor for structural steel Materials for fabrication not to exceed forty percent (40%) of the Contract Price for such Materials may be made when such Material is delivered to the fabricator and has been adequately identified for exclusive use on the Project. Payment of one hundred percent (100%) of the cost to Contractor for superstructure units, not to exceed seventy percent (70%) of the Contract Price for such Materials, may be made when they have been fabricated. Payments shall be conditioned upon the structural steel Materials and fabricated units having been tested or certified and found acceptable to the QA Manager and having been stored in accordance with the requirements specified herein. Payment will be based on invoices, bills, or the estimated value as approved by Owner.
Appears in 4 contracts
Samples: Design Build Contract, Design Build Contract, Design Build Contract
