Formal Application. Based upon the approved Pencil Draws, the Payment Applicant shall prepare its formal Payment Applications, which shall be supported by such data substantiating its right to payment as Owner may require, such as copies of requisitions from Subcontractors and Suppliers. Such applications may not include requests for payment of amounts the Payment Applicant does not intend to pay to its Subcontractors or Suppliers because of a dispute or other reason, unless the Payment Applicant has specifically notified Owner of an intended backcharge or dispute, and Owner has nonetheless approved the payment.
Appears in 2 contracts
Sources: Integrated Agreement for Lean Project Delivery, Integrated Form of Agreement