Common use of Itemized Application for Payment Clause in Contracts

Itemized Application for Payment. Design Builder will submit to Owner on the twenty-fifth (25th) day of each month beginning with the first month after approval of the Project Guaranteed Maximum Price Amendment (Exhibit C) and related Notice to proceed an itemized Application for Payment, in compliance with the approved Schedule of Values, notarized if required, supported by such data substantiating Design Builder's right to payment as Owner may require, but in each case less the total of payments previously made, and less amounts properly withheld. The forms to be utilized shall be the Owner’s established Application and Certificate for Payment and related Continuation Sheet.

Appears in 2 contracts

Sources: Agreement for Design Build Services, Agreement for Continuing Design Build Services