PAYMENT FOR THE PROJECT Clause Samples
The "Payment for the Project" clause defines the terms and conditions under which the client will compensate the contractor or service provider for work performed on a specific project. It typically outlines the total amount to be paid, the payment schedule (such as milestones, installments, or upon completion), and acceptable payment methods. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment timing or amounts and providing a framework for managing cash flow throughout the project.
PAYMENT FOR THE PROJECT. 13 A. At monthly intervals, the District shall submit a written request to the County 14 for payment of specified costs incurred in the performance of this Agreement. The request for the 15 County to make such a payment shall be in accordance with the exemplar Project Pay Request 16 Form, attached as Exhibit 2, and incorporated by this reference. The request shall also be 18 with the amount of work that has been completed, and that the work is in accordance with the 19 construction contract documents and this Agreement. The request for payment shall also be 20 accompanied by documentation acceptable to the County, such as checks, invoices, or vouchers 21 for services or materials purchased, contractor's costs, or other costs chargeable to the Project. 22 The first construction progress payment request shall also be accompanied by documentation 23 demonstrating that all construction-related required permits have been issued by the County. After 24 appropriate review and inspection, the County shall make payment from CDBG funds provided in 25 this Agreement for all eligible costs specified herein up to the maximum amount payable under 26 Section I.
27 B. Any savings realized in the final cost of the Project, due to Project cost 28 and/or scope of work reductions, liquidated damages, or any other reason, shall be used to reduce 1 the amount of this Project paid for with CDBG funds in the same pro rata share that CDBG funds 2 were used in payment of the Project. If the District is required to provide any additional funds 3 toward the Project other than described in this Agreement, any cost savings shall be first used to 4 reimburse the District for its contribution in excess of the total amount provided by this Agreement.
5 C. Payment for advertising and award shall be based on the actual costs of 6 printing and noticing.
7 D. The County shall not be bound by any agreement between the District and 8 its agents.
9 E. The County may withhold payment of the final payment request made by 10 the District until evidence is submitted to the County that a maintenance plan has been prepared 11 and adopted for the improvements constructed with CDBG funds.
12 F. Upon the completion of the Project, the District shall submit to the 13 Division a written request for final payment of costs, which shall provide a detailed description 14 of the Project pay items and costs. The final pay request shall be in accordance with Exhibit 2 15 to this Agreement. The County shall not be...
PAYMENT FOR THE PROJECT. 17 A. At monthly intervals, the City shall submit a written request to the County for 18 payment of specified costs incurred in the performance of this Agreement. The request for the 19 County to make such a payment shall be in accordance with the exemplar Project Pay Request 20 Form, attached as Exhibit 2, and incorporated by this reference. The request shall also be 22 the amount of work that has been completed, and that the work is in accordance with the contract 23 documents and this Agreement. The request for payment shall also be accompanied by 24 documentation acceptable to the County, such as invoices, or vouchers for services or materials 25 purchased, contractor's costs, or other costs chargeable to the Project. After appropriate review 26 and inspection, the County shall make payment from CDBG funds provided in this Agreement for 27 all eligible costs specified herein up to the maximum amount payable under Section I.
28 B. Any savings realized in the final cost of the Project, due to Project cost 1 and/or scope of work reductions, liquidated damages, or any other reason, shall be used to reduce 2 the amount of this Project paid for with CDBG funds, and shall be credited to the City's CDBG 3 allocation. If the City is required to provide any funds toward the Project, any cost savings shall be 4 first used to reimburse the City for its contribution in excess of the total amount provided by this 5 Agreement.
6 C. Payment for advertising and award shall be based on the actual costs of 7 printing and noticing.
8 D. The County shall not be bound by any agreement between the City and its
10 E. Upon the completion of the Project, the City shall submit to the Division a 11 written request for final payment of costs, which shall provide a detailed description of the Project 12 pay items and costs. The County shall not be obligated to make any payments under this 13 Agreement if the request for payment is submitted by the City more than sixty (60) calendar days 14 after the NOC has been filed with the County Recorder's Office. An extension to the sixty (60) 15 calendar day period may be granted by the Director prior to the deadline if the City can demonstrate 16 just cause for the delay.
17 F. The County may withhold reimbursement of the final payment request made 18 by the City until a final POM, recorded NOC, and written summary of all Project work completed 19 with CDBG and other funds, and evidence of compliance with the Section 3 clause, as specified ...
PAYMENT FOR THE PROJECT. 11 A. It is expressly agreed and understood that the total amount to be paid by 12 the County under this Agreement shall not exceed $117,472. At monthly intervals, the 13 Subrecipient shall submit a written request to the County for payment of eligible expenses 14 incurred in accordance with the performance of this Agreement. The request for the County to 15 make such a payment shall be in accordance with the exemplar Project Pay Request Form, 16 attached hereto as Exhibit 2 and incorporated herein by reference. The request shall also be 18 consistent with the amount of work that has been completed, and that said work is in accordance 19 with the contract documents and this Agreement. The request for payment shall also be 20 accompanied by documentation acceptable to the County, such as checks, invoices or vouchers 21 for services or materials purchased, contractor's costs, or other costs chargeable to the Project.
PAYMENT FOR THE PROJECT. 11 A. At monthly intervals, the City shall submit a written request to the County for 12 payment of specified costs incurred in the performance of this Agreement. The request for payment 13 shall be accompanied by a written certification from the City that the request for payment is 14 consistent with the amount of work that has been completed, and that said work is in accordance 15 with the contract documents and this Agreement. The request for payment shall also be 16 accompanied by documentation acceptable to the County, such as invoices or vouchers for 17 services or materials purchased, contractor's costs, or other costs chargeable to the Project. After 18 appropriate review and inspection, the County shall make payment from CDBG funds provided in 19 this Agreement for all eligible costs specified herein up to the maximum amount payable under 20 Section I.
21 B. Any savings realized in the final cost of the Project, due to Project cost 22 and/or scope of work reductions, liquidated damages, or any other reason, shall be used to reduce 23 the amount of this Project paid for with CDBG funds, and shall be credited to the City's CDBG 24 allocation. If the City is required to provide any funds toward the Project, any cost savings shall be 25 first used to reimburse the City for its contribution in excess of the total amount provided by this 26 Agreement.
27 C. Payment for advertising and award shall be based on the actual costs of 28 printing and noticing.
PAYMENT FOR THE PROJECT. 9 A. At monthly intervals, the District shall submit a written request to the County 10 for payment of specified costs incurred in the performance of this Agreement. The request for the 11 County to make such a payment shall be in accordance with the exemplar Project Pay Request 12 Form, attached as Exhibit 2, and incorporated by this reference. The request shall also be 14 with the amount of work that has been completed, and that the work is in accordance with the 15 construction contract documents and this Agreement. The request for payment shall also be 16 accompanied by documentation acceptable to the County, such as checks, invoices, or vouchers 17 for services or materials purchased, contractor's costs, or other costs chargeable to the Project. 18 The first construction progress payment request shall also be accompanied by documentation 19 demonstrating that all construction-related required permits have been issued by the County. After 20 appropriate review and inspection, the County shall make payment from CDBG funds provided in 21 this Agreement for all eligible costs specified herein up to the maximum amount payable under 22 Section I.
23 B. Any savings realized in the final cost of the Project, due to Project cost 24 and/or scope of work reductions, liquidated damages, or any other reason, shall be used to reduce 25 the amount of this Project paid for with CDBG funds.
26 C. Payment for advertising and award shall be based on the actual costs of 27 printing and noticing.
28 D. The County shall not be bound by any agreement between the District and 1 its agents.