Common use of Provision for Payment Clause in Contracts

Provision for Payment. The STATE shall pay to the CONSULTANT, and the CONSULTANT agrees to accept as full compensation for services provided under this agreement: Item I All-Inclusive monthly fee, as shown in SCHEDULE B for all anticipated labor, services supplies and parts to operate and manage the wastewater treatment plants and water treatment plants. If the AGREEMENT is extended beyond (end date in Article 4) , then the monthly fee shown in EXHIBIT ___ is eligible for rate adjustment. It may be increased annually by the lower of either the percent change for the Producer Price Index – Architectural, Engineering and Related Services (Series ID: PCU5413--5413--) for the most recent 12 month period as calculated by the U.S. Department of Labor - Bureau of Labor Statistics, or 1.5%, subject to current market conditions. If at any time the above Index Series ID is discontinued or becomes unavailable, the STATE reserves the right to implement a comparable Index. Item II Start-Up Costs that are not part of the monthly fee but are for one-time mobilization.shall be paid per Schedule B. Item III Unanticipated Expenses: When the Department negotiates the contract, it will add a budget for unforeseen expenses (subject to NYSDOT’s review and approval) that occur during the course of the contract. Items purchased under this PROJECT shall become the property of the STATE at the completion of the work, or at the option of the STATE, appropriate value shall be established as a credit to the STATE.

Provision for Payment. The STATE shall pay to the CONSULTANT, and the CONSULTANT agrees to accept as full compensation for services provided under this agreement: Item I All-Inclusive monthly fee, as shown in SCHEDULE B for all anticipated labor, services supplies and parts to operate and manage the wastewater treatment plants and water treatment plants. If the AGREEMENT is extended beyond (end date in Article 4) , then the monthly fee shown in EXHIBIT ___ is eligible for rate adjustment. It may be increased annually by the lower of either the percent change for the Producer Price Index – Architectural, Engineering and Related Services (Series ID: PCU5413--5413--) for the most recent 12 month period as calculated by the U.S. Department of Labor - Bureau of Labor Statistics, or 1.5%, subject to current market conditions. If at any time the above Index Series ID is discontinued or becomes unavailable, the STATE reserves the right to implement a comparable Index. Item II Start-Up Costs that are not part of the monthly fee but are for one-time mobilization.shall be paid per Schedule B. Item III Unanticipated Expenses: When the Department negotiates the contract, it will add a budget for unforeseen expenses (subject to NYSDOT’s review and approval) that occur during the course of the contract. Items purchased under this PROJECT shall become the property of the STATE at the completion of the work, or at the option of the STATE, appropriate value shall be established as a credit to the STATE.