Common use of Phased Payments Clause in Contracts

Phased Payments. Payments for Basic Services shall be paid out pursuant to the project phasing specified in Exhibit A and in accordance with the percentage amount set forth below. The retainage amount set forth in Section 5.5 shall be applied to the percentage amount for each phase stated herein. Predesign Services/Programming Phase % $ Phase I: Schematic Design % $ Phase II: Design Development % $ Phase III: Construction Documents % $ Phase IV: GMP Negotiations % $ Phase V: Administration of the Construction Contract % $ Phase VI: Warranty Administration and Post-Occupancy Services % $

Phased Payments. Payments for Basic Services shall be paid out pursuant to the project phasing specified in Exhibit A and in accordance with the percentage amount set forth below. The retainage amount set forth in Section 5.5 shall be applied to the percentage amount for each phase stated herein. Predesign Services/Programming Phase % $ Phase I: Reconciliation and Schematic Design % $ Phase II: Design Development % $ Phase III: Construction Documents % $ Phase IV: GMP Negotiations % $ Phase V: Administration of the Construction Contract % $ Phase VI: Warranty Administration and Post-Occupancy Services Post‐ % $ % $