Common use of Time of Application Clause in Contracts

Time of Application. The Contractor shall submit progress payment applications to the CZS no later than the 3rd calendar day of the month indicating work completed and, to the extent allowed under Article 5.2.3, materials suitably stored during the preceding month. Forms AIA G702 and G703 shall be used in submitting applications for both work completed and allowable stored materials. Applications received by the CZS after the due date will be submitted by the CZS in the following month’s application for payment to the Owner.