Common use of SCHEDULE OF PRICES Clause in Contracts

SCHEDULE OF PRICES. The CONTRACTOR shall submit a schedule of values in accordance with DHHL Construction General Conditions, Article 7.2.4 Schedule of Prices within 14 calendar days of the Notice to Proceed. The format and breakdown of the schedule of values shall be acceptable to DHHL. The schedule of values shall show the work of each subcontractor and shall be based on installed work. No payment will be made until the CONTRACTOR has presented an acceptable schedule of values to DHHL. Performance and Payment Bonds costs shall be a separate line item and the cost shall be authenticated by surety invoice. All overhead and profit shall be prorated across all payment line items.