PROGRESS AND FINAL PAYMENTS Sample Clauses

PROGRESS AND FINAL PAYMENTS. Receipt of payment by Contractor from Owner for Subcontract Work is a condition precedent to payment by Contractor to Subcontractor. Subcontractor acknowledges that it relies on credit of Owner, not Contractor, for payment of Subcontract Work. Progress payments, less retainage, shall be made to Subcontractor, for Subcontract Work satisfactorily performed, no later than seven (7) days after receipt by Contractor of payment from Owner for Subcontract Work. Final payment of the balance due shall be made to Subcontractor no

PROGRESS AND FINAL PAYMENTS. Trane will invoice in accordance with Exhibit A for all materials and equipment delivered to the Premises (or, as applicable, to an off-site storage facility) and for all installation, labor and services performed during the billing period; Customer shall pay all amounts due upon receipt of the invoice and any invoice not paid within ten (30) calendar days of its date shall be past due. All amounts outstanding thirty (30) calendar days beyond the due date shall bear interest payable to Trane at the maximum allowable legal rate, retroactive to the due date. Customer shall pay all costs (including attorneys’ fees) incurred by Trane in attempting to collect amounts due from Customer.

PROGRESS AND FINAL PAYMENTS. Progress and final payments shall be in accordance with the General Conditions.

PROGRESS AND FINAL PAYMENTS. Receipt of payment by Contractor from Owner for Subcontract Work is a condition precedent to payment by Contractor to Subcontractor. Subcontractor acknowledges that it relies on credit of Owner, not Contractor, for payment of Subcontract Work. Progress payments, less retainage, shall be made to Sub-contractor, for Subcontract Work satisfactorily performed, no later than fourteen (14) days after receipt by Contractor of payment from Owner for Subcontract Work. These payments are subject to receipt of Subcontractor application for payment in a form similar to AIA G702, Subcontractor Affidavit and Conditional Waiver of Lien for current application, and Certified Payroll documents (if required) received by the Contractor prior to the «BillDay» of each month. Final payment of the balance due shall be made to Subcontractor no later than fourteen (14) days after receipt by Contractor of final payment from Owner for Subcontract Work. These payments are subject to receipt of such lien waivers, affidavits, warranties, guarantees, as-built drawings, operation and maintenance information, spare parts, attic stock, or other documentation required by this Agreement or Contractor. A separate application for payment is required for retention. Retention will not be released without this application for payment.

PROGRESS AND FINAL PAYMENTS. 4.1 All issues regarding payments shall be as described by page(s) of the “General Conditions” in the Project Manual. 4.2 In Accordance with the Nebraska Prompt Payment Act, all payments due and unpaid under the Contract 45 days after the due date shall bear interest from the 31st day following the date payments were due.

PROGRESS AND FINAL PAYMENTS. 6.1 Owner will make progress payments on account of the Contract Price on the basis of Contractor's Applications for Payment monthly during construction as provided below. All progress payments will be on the basis of the progress of the Work measured by the schedule of values provided for in paragraph 14.01 of Section 00700. 6.2 Prior to Substantial Completion, progress payments will be in an amount equal to 90 percent of the value of the Work completed and 90 percent of the value of approved materials and equipment not incorporated in the Work but delivered and suitably stored, less, in each case, the aggregate of payments previously made. 6.3 Upon Substantial Completion, Owner will pay an amount sufficient to increase total payments to Contractor to 99 percent of the Contract Price, less 10 percent retainage, in accordance with paragraph 14.02 of Section 00700. 6.4 Upon final inspection and acceptance of the Work, in accordance with paragraph 14.07 of Section 00700, Owner will pay the remainder of the Contract Price.

PROGRESS AND FINAL PAYMENTS. The Town will make progress payments on account of the Contract Price on the basis of the Contractor's Application for Payment, as recommended by the Engineer, monthly during construction as provided below. All progress payments will be on the basis of the progress of the Work measured by the schedule of values provided for in the Conditions of the Contract.

PROGRESS AND FINAL PAYMENTS. Partial payments will be made to Contractor for material on hand and work performed at Contractor's request but in any event not more often than monthly. A. On final completion of the work and settlement of all claims, owner shall pay Contractor the remainder of the contract price. Provided, there shall be retained from such final payment, or from any payments due contractor under this contract, all amounts that may be expended by the County for work done or materials furnished in carrying out any of the work done under this contract that Contractor has failed to do to the satisfaction of the designated agents of the County; all amounts that may be necessary to pay for labor, tools, plant, and materials engaged and used in the work and for which Contractor has failed to pay; by the terms of the contract or any laws of the State of Oklahoma, the County is or may be authorized to reserve and retain. B. Acceptance by Contractor of the final estimate and the final payment by the County to Contractor shall be a release of the County from all claims and liabilities to Contractor for anything done or furnished for or relating to the work, or for any act, neglect, fault, or default of the County or of any person relating to or affecting the work. C. Ten percent (10%) of all partial payments made shall be withheld as retainage. At any time the Contractor has completed in excess of fifty percent (50%) of the total Contract amount as certified by the architect, the retainage shall be reduced to five percent (5%) of the amount earned to date if the Owner has determined that satisfactory progress is being made, and upon approval by the surety. A detailed list of materials suitably incorporated or stored on site must accompany each request for payment. D. Invoices will be issued by Contractor for all work performed under terms of this Contract. Invoices are due and payable on receipt. E. The Contractor, including his agents, employees, subcontractors, independent contractors and/or independent contractors retained pursuant to this agreement, shall keep an accurate record of each ▇▇▇▇▇▇▇ showing his name, address, social security number, work classification, hourly wage paid, total paid, overtime hourly wage paid, and the occupation of each ▇▇▇▇▇▇▇ employed by them, in connection with the project, and showing also the actual wages paid to each ▇▇▇▇▇▇▇, which record shall be certified and shall be open at all reasonable hours to the inspection of the County, its officers ...

PROGRESS AND FINAL PAYMENTS. Subcontractor shall promptly submit invoices at intervals as directed by ▇▇▇▇▇▇▇▇▇▇. Subcontractor shall submit with any such invoice whatever affidavits, releases, waivers, and other documents relating to the Work covered by such invoice that Contractor may request. Contractor shall pay Subcontractor on or about twenty (20) days following receipt of corresponding payment from Owner. Such payment shall be limited to the amount of payment that Contractor receives from Owner for the Work, and Contractor may withhold from each payment other than final payment, retainage of either (i) 10%, or (ii) the amount pertaining to the Work withheld by Owner from Contractor. Contractor shall have no obligation to make any payment to Subcontractor unless Subcontractor, in Contractor’s opinion, is in full compliance with all requirements of this Subcontract. Subcontractor shall bear the risk of nonpayment by the Owner, and payment to Subcontractor shall be wholly contingent and conditioned upon Contractor’s receipt of payment from Owner, and in no event shall Contractor be responsible to make any payment to Subcontractor unless and until payment is actually received by Contractor from Owner. Subcontractor shall promptly pay for all labor and materials supplied in the prosecution of the Work. Contractor is entitled and authorized to (i) withhold from any amount otherwise owed Subcontractor the amount of any claim for payment of labor or materials allegedly furnished in the prosecution of the Work, (ii) make payment to Subcontractor and any such claimant by joint check, (iii) pay any such claimant directly from funds otherwise owed Subcontractor, and (iv) withhold from any amount otherwise owed Subcontractor an amount sufficient, in Contractor’s opinion, to compensate for any breach by Subcontractor of any provision of the Subcontract. No payment shall operate as an acceptance of the Work performed or materials furnished.