Common use of Progress Payments; Retainage Clause in Contracts

Progress Payments; Retainage. A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on or about the last day of each month during performance of the Work as provided in Paragraph 6.02.A.1 below. All such payments will be measured by the schedule of values established as provided in Paragraph 2.07.A of the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no schedule of values, as provided in the General Requirements. 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Engineer may determine or Owner may withhold, including but not limited to liquidated damages, in accordance with Paragraph 14.02 of the General Conditions. a. 95 percent of Work completed (with the balance being retainage).

Appears in 7 contracts

Sources: Construction Contract, Construction Contract, Construction Contract

Progress Payments; Retainage. A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on or about each month, for the last day of each month previous months work, during performance of the Work as provided in Paragraph 6.02.A.1 6.02 A 1 below. All such payments will be measured by the schedule of values established as provided in Paragraph 2.07.A 2.07 A of the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no schedule of values, as provided in the General Requirements. 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Engineer may determine or Owner may withhold, including but not limited to liquidated damages, in accordance with Paragraph 14.02 of the General Conditions. a. 95 percent of Work completed (with the balance being retainage).; and

Appears in 2 contracts

Sources: Construction Contract, Construction Contract

Progress Payments; Retainage. A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on or about the last First day of each month during performance of the Work as provided in Paragraph Paragraphs 6.02.A.1 and 6.02.A.2 below. All such payments will be measured by the schedule of values established as provided in Paragraph 2.07.A of the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no schedule of values, as provided in the General Requirements.: 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Engineer may determine or Owner may withhold, including but not limited to liquidated damages, in accordance with Paragraph 14.02 of the General Conditions. a. 95 percent of Work completed (with the balance being retainage).:

Appears in 1 contract

Sources: Construction Contract

Progress Payments; Retainage. A. Owner OWNER shall make progress payments on account of the Contract Price on the basis of Contractor’s CONTRACTOR's Applications for Payment on or about the last 15th day of each month during performance of the Work as provided in Paragraph paragraphs 6.02.A.1 and 6.02.A.2 below. All such payments will be measured by the schedule of values established as provided in Paragraph paragraph 2.07.A of the General Conditions (and in the case of Unit Price Work Work, based on the number of units completed) or, in the event there is no schedule of values, as provided in the General Requirements.: 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Engineer ENGINEER may determine or Owner OWNER may withhold, including but not limited to liquidated damages, in accordance with Paragraph paragraph 14.02 of the General Conditions. a. 95 percent of Work completed (with the balance being retainage).:

Appears in 1 contract

Sources: Construction Contract

Progress Payments; Retainage. A. Owner OWNER shall make progress payments on account of the Contract Price on the basis of ContractorCONTRACTOR’s Applications for Payment on or about the last 30th day of each month during performance of the Work as provided in Paragraph paragraphs 6.02.A.1 and 6.02.A.2 below. All such payments will be measured by the schedule of values established as provided in Paragraph paragraph 2.07.A of the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no schedule of values, as provided in the General Requirements.: 1. Prior to Substantial 50% Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Engineer ENGINEER may determine or Owner OWNER may withhold, including but not limited to liquidated damages, in accordance with Paragraph paragraph 14.02 of the General Conditions.: a. 95 percent 90% of Work completed (with the balance being retainage).; and

Appears in 1 contract

Sources: Standard Form of Agreement Between Owner and Contractor

Progress Payments; Retainage. A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s 's Applications for Payment on or about the last day of each month during performance of the Work as provided in Paragraph 6.02.A.1 below. All such payments will be measured by the schedule of values established as provided in Paragraph 2.07.A of the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no schedule of values, as provided in the General Requirements. 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Engineer may determine or Owner may withhold, including but not limited to liquidated damages, in accordance with Paragraph 14.02 of the General Conditions. a. 95 percent of Work completed (with the balance being retainage).

Appears in 1 contract

Sources: Construction Contract

Progress Payments; Retainage. A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on or about the last day Thursday of each month during performance of the Work as provided in Paragraph 6.02.A.1 below. All such payments will be measured by the schedule of values established as provided in Paragraph 2.07.A of the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no schedule of values, as provided in the General Requirements. 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Engineer may determine or Owner may withhold, including but not limited to liquidated damages, in accordance with Paragraph 14.02 of the General Conditions. a. 95 percent of Work completed (with the balance being retainage).; and

Appears in 1 contract

Sources: Construction Contract

Progress Payments; Retainage. A. Owner OWNER shall make progress payments on account of the Contract Price on the basis of ContractorCONTRACTOR’s Applications for Payment on or about the last 1st day of each month during performance of the Work as provided in Paragraph 6.02.A.1 paragraphs 4.02.A.1 and 4.02.A.2 below. All such payments will be measured by the schedule of values established as provided in Paragraph paragraph 2.07.A of the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no schedule of values, as provided in the General Requirements.: 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Engineer ENGINEER may determine or Owner OWNER may withhold, including but not limited to liquidated damages, in accordance with Paragraph paragraph 14.02 of the General Conditions. : a. 95 percent 90% of Work completed (with the balance being retainage).

Appears in 1 contract

Sources: Construction Contract (E Energy Adams LLC)

Progress Payments; Retainage. A. Owner shall make monthly progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment submitted on or about the last day of each month during performance of the Work as provided in Paragraph Paragraphs 6.02.A.1 below. All such payments will be measured by the schedule of values established as provided in Paragraph 2.07.A of the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no schedule of values, as provided in the General Requirements.: 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Engineer may determine or Owner may withhold, including but not limited to liquidated damages, in accordance with Paragraph 14.02 of the General Conditions.: a. 95 percent of Work completed (with the balance being retainage).

Appears in 1 contract

Sources: Construction Contract

Progress Payments; Retainage. A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on or about the last 1st day of each month during performance of the Work as provided in Paragraph 6.02.A.1 below, provided that such Applications for Payment have been submitted in a timely manner and otherwise meet the requirements of the Contract. All such payments will be measured by the schedule Schedule of values Values established as provided in Paragraph 2.07.A of the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no schedule Schedule of valuesValues, as provided elsewhere in the General RequirementsContract. 1. Prior to Substantial Completion, progress Progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Engineer may determine or Owner may withhold, including but not limited to liquidated damages, in accordance with Paragraph 14.02 of the General ConditionsContract. a. 95 percent of Work completed (with the balance being retainage).

Appears in 1 contract

Sources: Construction Contract