CALCULATION OF MONTHLY PAYMENT Sample Clauses

CALCULATION OF MONTHLY PAYMENT. 1. Multiply the total, actual hours worked for the Key Personnel and additional resource personnel by the fixed hourly rate. 2. Subtract the aggregate of previous payments made by the Department. 3. Subtract the shortfall, if any, indicated by the documentation required substantiating prior applications for payment, or resulting from errors subsequently discovered by the Department in such documentation. 4. Subtract any amounts for which the Agency has withheld or denied payment as provided in the Contract Documents. The CM/GC shall also provide an expenditure evaluation progress report with its application for payment summarizing the Pre-construction Phase Services accomplished during the month in which the invoiced services were performed, the Pre-construction Phase Services planned for the following month, and progress percentage complete of Work Products in progress.

CALCULATION OF MONTHLY PAYMENT. The Department shall make monthly partial progress payments to the contractor in general accordance with Section 109.06 of the TDOT Standard Specifications, 23 CFR 635.122, and Circular Letter 109.02-02. , the amount of each progress payment for Construction Phase Services Work shall be computed by the Department as follows: 1. Take that portion of the Early Work Price or GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the Early Work Amendment or GMP allocated to that portion of the Work in the Schedule of Values. Pending final determination of cost to the Department of changes in the Work, amounts not in dispute shall be included. 2. Add that portion of the Early Work Amendment or GMP properly allocable to Materials and Equipment delivered and suitably stored. 3. Add that portion of the actual, reimbursable bonds and insurance costs. 4. Subtract the aggregate of previous payments made by the Department. 5. Subtract the shortfall, if any, indicated by the documentation required substantiating prior applications for payment, or resulting from errors subsequently discovered by the Department in such documentation.

CALCULATION OF MONTHLY PAYMENT. Subject to other provisions of the Contract Documents, the amount of each progress payment for Construction Phase Services Work shall be computed by the Owner as follows: (a) Take that portion of the Early Work Price of GMP properly allocable to completed Work as determined by multiplying the percentage of completion of each portion of the Work under the Schedule of Values by the share of the Early Work Amendment or GMP allocated to the portion of the Work in the Schedule of Values. Pending final determination of cost to the Owner or changes in the Work, amounts not in dispute shall be included. (b) Add that portion of the Early Work Amendment or GMP properly allocable to Materials and Equipment delivered and suitably stored. (c) Add the CM/GC Fee. The portion of the CM/GC Fee payable shall be an amount that bears the same ratio to CM/GC Fee as sum of the amounts in the two preceding Clauses bears to the lump sum total for each Early Work Amendment and GMP Amendment, but in no event causing the total CM/GC Fee payments to exceed the total, previously fixed CM/GC Fee identified in the Early Work Amendment or GMP Amendment. (d) Add that portion of the actual, reimbursable bonds and insurance costs.

CALCULATION OF MONTHLY PAYMENT. 4.1 Calculation of Monthly Payment

CALCULATION OF MONTHLY PAYMENT. (a) [Insert] (b) The Annual Contract Price is set out below (excluding GST): [Insert] (c) The total potential cost for the Service for the Service Term is: [insert] (excluding GST) (subject to adjustments under this Contract from time to time e.g. an annual adjustment to the Annual Contract Price for index changes). (d) Where the Operator does not perform the Service during a month, then the Monthly Contract Price may be pro-rata adjusted to reflect the period of the month the Operator performed the Service. TfNSW will enter into good faith discussions with the Operator to determine a fair adjustment to the Monthly Contract Price. (e) Unless otherwise specified, the Annual Contract Price is fixed, even if the actual effort (e.g. drivers’ wages, running costs (e.g. fuel), capital expenses, dispatch costs, hours, KM) and/or Operator’s costs is more or less than what was anticipated or planned, subject to agreed service variations.

CALCULATION OF MONTHLY PAYMENT. The Monthly Payment for Delivered Electricity during a Contract Hour is equal to:

CALCULATION OF MONTHLY PAYMENT. 3.1.1 The Monthly Payment ("MPm") shall be calculated in accordance with the following formula and such payment shall be made in accordance with Clause 56 (Payment and Financial Matters) of this Contract: MPm = MUPm +CCm + NCSPm-1 +/– ECSm – CAm – TMAm +/- ▇▇▇ where: MUPm = the Monthly Unitary Payment in respect of the Month, and calculated in accordance with the formula in paragraph 3.1.2 below; CCm = The Capital Contribution in respect of the Month and calculated in accordance with the formula in paragraph 3.1.4 below; NCSPm-1 = any Non-Core Services Payment due in relation to the Month 1 Month prior to the current Month and calculated in accordance with Paragraphs 2 and 3 of Schedule 7 (Non-Core Services) of the Contract; ECSm = any Energy Consumption Savings in respect of the Month, due to the Authority or to the Service Provider, and calculated in accordance with paragraph 3.5 of this Schedule 4 (Payment Mechanism); CAm = any Carbon Adjustment in respect of the Month, due to the Authority, and calculated in accordance with paragraph 6 of this Schedule 4 (Payment Mechanism); TMAm = any Traffic Management Adjustment in respect of the Month, due to the Authority, and calculated in accordance with paragraph 7 of this Schedule 4 (Payment Mechanism); ▇▇▇ = any Sundry Adjustments due for the Month including: • The agreed Sundry Adjustment in relation to in accordance with paragraph 8 of this Schedule 4 (Payment Mechanism); • any interest payable by the Authority to the Service Provider under this Contract; • any interest payable by the Service Provider to the Authority under this Contract; • any adjustments to reflect previous overpayments; • any adjustments to reflect previous underpayments; • any adjustment due in respect of Agreed Abatement under Schedule 18 (Change Protocol) of the Contract; • any other amounts payable by the Authority to the Service Provider under the Contract; and • any other amounts payable by the Service Provider to the Authority under the Contract.

CALCULATION OF MONTHLY PAYMENT