Examples of Final Payment in a sentence
The Department shall make Final Payment not more than thirty (30) days after the Department verifies the amount of the final payment set forth in a complete final Application for Payment.
The deliverables set forth in Exhibit N are required during the Project’s Close-Out and prior to Final Payment, as set forth in Section 10.12.
This Subsection does not affect any other portion of this Contract that extends obligations of the parties beyond Final Payment.
These Books shall be maintained for the longer of (i) five (5) years following Final Payment; (ii) five (5) years following termination of any Services Authorization; or (iii) the conclusion of all audits and litigation (including all appeals) related to this Contract (including any Services Authorizations) or any Project which was the subject of a Services Authorization pursuant to this Contract.
The Design-Builder shall be compensated in a series of progress payments and a Final Payment, for Work completed in accordance with the Agreement, and for which proper Applications for Payment have been submitted and approved.