Common use of Maximum Payment Schedule Clause in Contracts

Maximum Payment Schedule. The Project Schedule shall provide for payment to be made solely on the basis of progress by DB Contractor, subject to a cap on payments shown on the Maximum Payment Schedule established for the Project. The Maximum Payment Schedule shall not limit payment for Change Order Work unless otherwise specified in the Change Order. In other words, at no time shall DB Contractor’s cumulative total progress payments (including mobilization payments but exclusive of payments for Change Order Work) exceed the cumulative total expenditure permitted by the Maximum Payment Schedule. The Maximum Payment Schedule shall be calculated based on the monthly expenditure rate set forth in Exhibit 5 for the Project. If a Limited NTP2 is issued, the monthly expenditure rate in the Maximum Payment Curve will be adjusted to account for the early Work, as well as any Price adjustment made pursuant to Section 12.1.7.2 and any extension of Completion Deadlines made pursuant to Section 4.2.1.

Maximum Payment Schedule. The Project Schedule shall provide for payment to be made solely on the basis of progress by DB Contractor, subject to a cap on payments shown on the Maximum Payment Schedule established for the Project. The Maximum Payment Schedule shall not limit payment for Change Order Work unless otherwise specified in the Change Order. In other words, at no time shall DB Contractor’s cumulative total progress payments (including mobilization payments but exclusive of payments for Change Order Work) exceed the cumulative total expenditure permitted by the Maximum Payment Schedule. The Maximum Payment Schedule shall be calculated based on the monthly expenditure rate set forth in Exhibit 5 for the Project. If a Limited NTP2 is issued, the monthly expenditure rate in the Maximum Payment Curve will be adjusted to account for the early Work, as well as any Price adjustment made pursuant to Section 12.1.7.2 and any extension of Completion Deadlines made pursuant to Section 4.2.14.2.