Common use of Incorrect Applications for Payment Clause in Contracts

Incorrect Applications for Payment. If an Application for Payment is incorrect, lacks the required Supporting Documents set forth in Section 6.5 of these General Conditions, or when there is a good faith dispute concerning the Work for which it is submitted, Owner Parties shall endeavor to notify Contractor within fifteen (15) Days of its receipt of such Application for Payment, stating the reasons it is rejected. If Contractor corrects the rejected Application for Payment within seven (7) Days of Owner Parties’ notification to Contractor, payments due shall be made in accordance with Section 6.7 below.

Appears in 4 contracts

Sources: Design Build Agreement, Design Build Agreement, Design Build Agreement

Incorrect Applications for Payment. If an Application for Payment is incorrect, lacks the required Supporting Documents set forth in this Section 6.5 of these General Conditions6.3, or when there is a good faith dispute concerning the Work for which it is submitted, Owner Parties shall endeavor to notify Contractor within fifteen (15) Days of its receipt of such Application for Payment, stating the reasons it is rejected. If Contractor corrects the rejected Application for Payment within seven (7) Days of Owner Parties’ notification to Contractor, payments due shall be made in accordance with Section 6.7 6.5 below.

Appears in 3 contracts

Sources: Construction Manager and General Contractor Agreement, Construction Manager and General Contractor Agreement, Construction Manager at Risk and General Contractor Agreement

Incorrect Applications for Payment. If an Application for Payment is incorrect, lacks the required Supporting Documents set forth in this Section 6.5 of these General Conditions6.3, or when there is a good faith dispute concerning the Work for which it is submitted, Owner Parties shall endeavor to notify Contractor within fifteen (15) Days of its receipt of such Application for Payment, stating the reasons it is rejected. If Contractor corrects the rejected Application for Payment within seven (7) Days of Owner Parties’ notification to Contractor, payments due shall be made in accordance with Section 6.7 6.5 below.. [Optional – discussion point]

Appears in 3 contracts

Sources: Construction Manager at Risk and General Contractor Agreement, Construction Manager at Risk and General Contractor Agreement, Construction Manager at Risk and General Contractor Agreement

Incorrect Applications for Payment. If an Application for Payment is incorrect, lacks the required Supporting Documents set forth in Section 6.5 of these General Conditions, or when there is a good faith dispute concerning the Work for which it is submitted, Owner Parties shall endeavor to notify Contractor within fifteen (15) Days of its receipt of such Application for Payment, stating the reasons it is rejected. If Contractor corrects the rejected Application for Payment within seven (7) Days of Owner Parties’ notification to Contractor, payments due shall be made in accordance with Section 6.7 below.. [Optional – discussion point]

Appears in 1 contract

Sources: Design Build Agreement