Common use of Submission of Payment Requests Clause in Contracts

Submission of Payment Requests. On or before the 25th day of each month after commencement of performance, but no more frequently than once monthly, the Design/Builder may submit to the Owner’s Representative, a payment request for the period ending the last day of the month. Said payment request shall be submitted via the Owners electronic project management system and shall include whatever supporting information as may be required by Owner. Therein, the Design/Builder may request payment as follows: .1 for work not subject to retainage: One hundred percent (100%) of that part of the Fixed Contract Price allocated on the schedule of values to the following tasks performed by the Design/Builder’s architect and engineers: • Programming • Schematic Design • Design Development • Construction Documents • Construction Administration tasks of shop drawing review and document interpretation. .2 for work subject to retainage ninety-five percent (95%) of that part of the Fixed Contract Price allocated on the schedule of values to Construction Services to the date of the Payment Request for properly provided labor and materials, and for equipment properly incorporated in the Project, and materials or equipment necessary for the Project and properly stored at the Project site (or elsewhere if off-site storage is approved in writing by the Owner, such approval not to be unreasonably withheld), less the total amount of previous payments received from the Owner and Closeout line item, less the total amount of previous payments received from the Owner. Any payment on account of stored materials or equipment will be subject to the Design/Builder providing written proof that the Owner has title to such materials or equipment and that they are fully insured against loss or damage.

Submission of Payment Requests. On or before the 25th day of each month after commencement of performance, but no more frequently than once monthly, the Design/Builder may submit to the Owner’s Representative, Representative a payment request for the period ending the last day of the month. Said payment request shall be submitted via the Owners electronic project management system DPW Form Pay Request and shall include whatever supporting information as may be required by Owner. Therein, the Design/Builder may request payment as follows: .1 for work not subject to retainage: One hundred percent (100%) of that part of the Fixed Contract Price allocated on the schedule of values to the following tasks performed by the Design/Builder’s architect and engineers: • Programming • Schematic Design • Design Development • Construction Documents • Construction Administration tasks of shop drawing review and document interpretation. . .2 for work subject to retainage ninety-five percent (95%) of that part of the Fixed Contract Price allocated on the schedule of values to Construction Services to the date of the Payment Request for properly provided labor and materials, and for equipment properly incorporated in the Project, and materials or equipment necessary for the Project and properly stored at the Project site (or elsewhere if off-site storage is approved in writing by the Owner, such approval not to be unreasonably withheld), less the total amount of previous payments received from the Owner and Closeout line item, less the total amount of previous payments received from the Owner. Any payment on account of stored materials or equipment will be subject to the Design/Builder providing written proof that the Owner has title to such materials or equipment and that they are fully insured against loss or damage.

Submission of Payment Requests. On or before the 25th day of each month after commencement of performance, but no more frequently than once monthly, the Design/Builder may submit to the Owner’s Representative, a payment request for the period ending the last day of the month. Said payment request shall be submitted via the Owners electronic project management system and shall include whatever supporting information as may be required by Owner. Therein, the Design/Builder may request payment as follows: .1 for work not subject to retainage: One hundred percent (100%) of that part of the Fixed Contract Price allocated on the schedule of values to the following tasks performed by the Design/Builder’s architect and engineers: • Programming • Schematic Design • Design Development • Construction Documents • Construction Administration tasks of shop drawing review and document interpretation. . .2 for work subject to retainage ninety-five percent (95%) of that part of the Fixed Contract Price allocated on the schedule of values to Construction Services to the date of the Payment Request for properly provided labor and materials, and for equipment properly incorporated in the Project, and materials or equipment necessary for the Project and properly stored at the Project site (or elsewhere if off-site storage is approved in writing by the Owner, such approval not to be unreasonably withheld), less the total amount of previous payments received from the Owner and Closeout line item, less the total amount of previous payments received from the Owner. Any payment on account of stored materials or equipment will be subject to the Design/Builder providing written proof that the Owner has title to such materials or equipment and that they are fully insured against loss or damage.