Common use of Cost Management Clause in Contracts

Cost Management. i) The RPR shall review the schedule of values and payment requests prepared by the contractor. The RPR shall establish with the NBU Project Manager and the contractor procedures to review the monthly quantities of work in place and the corresponding payment requests for work completed. ii) The RPR shall prepare monthly cash flow requirements based upon information provided by the contractor. The RPR shall update cash flow reports monthly and include these reports with monthly updates to the NBU Project Manager via email. iii) The RPR shall verify quantities of work in place, review the payment requests and supporting documentation, and provide an opinion of whether the payment requested matches the work completed to the NBU Project Manager via email.