Common use of FEE PAYMENT PROCEDURES Clause in Contracts

FEE PAYMENT PROCEDURES. B.5.1 All requests for payment must be submitted to and will be processed and paid by the Owner in accordance with its procedures. Requests for payment will be submitted to the Owner on the Architect’s letterhead in the form of an invoice. The Architect agrees to cooperate with the Owner in assembling all information necessary to file the form including, without limitation, back-up or supporting documentation. The Architect shall provide the Owner a completed Federal Form W-9 upon submission of the Architect’s first invoice. B.5.2 Assuming that the necessary information and documentation is timely submitted by the Architect to the Owner, it is anticipated that payments will be made monthly and within thirty (30) days of the time the monthly invoice is filed with Owner. Architect acknowledges and agrees that no interest shall be due or paid on late payments. STANDARD HOURLY BILLING RATES – JANUARY 1, 2024 EXHIBIT C DELIVERY SCHEDULE