Request for Final Payment Clause Samples

The Request for Final Payment clause outlines the process by which a contractor or service provider formally asks for the last installment of payment upon completion of their contractual obligations. Typically, this clause requires the contractor to submit documentation confirming that all work has been finished, any outstanding issues have been resolved, and all necessary approvals or inspections have been obtained. Its core function is to ensure that the final payment is only made once all parties are satisfied that the contract has been fully performed, thereby protecting the interests of the paying party and providing a clear procedure for closing out the contract.
Request for Final Payment. Following the certified completion of all work, including all final Punchlist items, cleanup, and the delivery of record documents, Contractor shall submit a certified Application for Final Payment and include all sums held as retainage and forward to A/E and ODR for review and approval.
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Request for Final Payment. The DB Entity may request final payment after correcting or completing the Work to the satisfaction of the Owner and delivering close-out documentation. The DB Entity’s request for final payment shall also include: (a) evidence of completed operations insurance and an affidavit certifying that the insurance coverage will not be canceled, materially changed, or renewal refused, (b) an affidavit certifying that the surety agrees that final payment does not relieve the surety of any of its obligations under the Performance Bond and Payment Bond, (c) a completed DMB-460 Form close out checklist, (d) a list of all pending insurance claims arising out of or resulting from the Work being handled by the DB Entity and/or its insurer (e) DB Entity’s ‘Guarantee and Statement’ (DMB-437) containing a statement of guaranteed indebtedness acceptable to the Owner in the full amount of the Contract Price, or a release of payment claims in the form of a release of liens, or a Bond or other security acceptable to the Owner to indemnify the Owner against any payment claim.
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Request for Final Payment. Contractor shall submit all final requests for payment or an estimate of the final requests for payments no later than July 20 or the next business day after July 20th to the ▇▇▇▇, except where Contractor receives City of Portland General Funds, final requests for payment are due July 3rd. ▇▇▇▇ will not process final requests or estimates for final request for payment documents not received within the specified time and the expense shall be the Contractor responsibility.
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Request for Final Payment. Following the certified completion of all Work, including all punch list items, cleanup, and the delivery of record documents, the CM-at-Risk shall submit a certified Application for Final Payment that includes all sums held as retainage and forward to the AE and the ODR for review and approval.
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Request for Final Payment. 12.5.1. The Contractor shall complete the Substantial Completion Punch List within the Contract Time and date fixed by the Professional. The Contractor shall assemble all requisite documentation before requesting final inspection. 12.5.2. Upon written notice from the Contractor that the Contractor considers the entire Work, or a part of the Work for which final payment is specified in the Contract Documents, to be complete and ready for final payment, the Professional will make a final completion inspection with the Owner and Contractor and notify the Contractor in writing of all instances of incomplete or Defective Work revealed by the final inspection. The Contractor shall immediately undertake all necessary measure to complete Work in the final completion inspection. 12.5.3. The Contractor may request final payment after completing the incomplete or Defective Work to the satisfaction of the Professional and delivering final operating and maintenance documentation (with revisions made after Substantial Completion), warranties, inspection certificates, Record Documents (with revisions made after Substantial Completion), release of payment claim forms and all other required documents. 12.5.4. The Contractor's request for final payment shall enclose evidence of completed operations insurance and affidavit certifying that the insurance coverage will not be canceled, materially changed or renewal refused except as provided in paragraph 7.4.3, and an affidavit certifying that the surety agrees that final payment shall not relieve the surety of any of its obligations under the Performance Bond and Payment Bond. The Contractor's request for final payment shall further include (a) a Contractor's "Guarantee and Statement" (available from the Owner, form DTMB-0437) containing a statement of guaranteed indebtedness acceptable to the Owner in the full amount of the Contract Price, or a release of payment claims in the form of a release of liens, or a Bond or other security acceptable to the Owner to indemnify the Owner against any payment claim, and (b) a list of all pending insurance claims rising out of or resulting from the Work being handled by the Contractor and/or its insurer.
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Related to Request for Final Payment

  • Request for Payment A. Not more than once every thirty days the Consultant shall send electronically to ▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ its request for payment of Exhibit A Work, accompanied by evidence satisfactory to the City justifying the request for payment, including a report of Work accomplished and tasks completed, and an itemization of Eligible Expenses with copies of receipts and invoices.

  • Request for Dues Check Off Employees shall have the right to request and be allowed dues check off for the Exclusive Representative, provided that dues check off and the proceeds thereof shall not be allowed any employee organization that has lost its right to dues check off pursuant to the PELRA Upon receipt of a properly executed authorization card of the employee involved, the District will deduct from the employee’s paycheck the dues as specified by the Union.

  • Request for Advance Subject to the following conditions, the Borrower may request an Advance to be made by ensuring that the Agent receives a completed Drawdown Notice not later than 11.00 a.m. (Hamburg time) 3 Business Days prior to the intended Drawdown Date.