Common use of Application for Progress Payment Clause in Contracts

Application for Progress Payment. A. DB Entity shall submit to Owner, on or about the last day of each month, an Application for Payment filled out and signed by DB Entity covering the Work completed as of the date indicated on the Application and accompanied by supporting documentation as required by the Contract Documents. B. If payment is requested on the basis of materials and equipment not incorporated in the Work but delivered and suitably stored at the Site or at another location agreed to in writing, the Application for Payment shall also be accompanied by a bill of sale, invoice or other documentation warranting that Owner has received the materials and equipment free and clear of all Liens and evidence that the materials and equipment are covered by appropriate property insurance and other arrangements to protect Owner’s interest therein, all of which will be satisfactory to Owner. C. Beginning with the second Application for Payment, each Application shall include an affidavit of DB Entity stating that all previous progress payments received on account of the Work have been applied on account to discharge DB Entity’s legitimate obligations associated with prior Applications for Payment. D. The amount of retention with respect to progress payments will be as stipulated in the Agreement.

Application for Progress Payment. A. DB Entity shall submit to Owner, on or about the last day of each month, an Application for Payment filled out and signed by DB Entity covering the Work completed as of the date indicated on the Application and accompanied by supporting documentation as required by the Contract Documents. B. If payment is requested on the basis of materials and equipment not incorporated in the Work but delivered and suitably stored at the Site or at another location agreed to in writing, the Application for Payment shall also be accompanied by a bill of sale, invoice or other documentation warranting that Owner has received the materials and equipment free and clear of all Liens and evidence that the materials and equipment are covered by appropriate property insurance and other arrangements to protect Owner’s 's interest therein, all of which will be satisfactory to Owner. C. Beginning with the second Application for Payment, each Application shall include an affidavit of DB Entity stating that all previous progress payments received on account of the Work have been applied on account to discharge DB Entity’s 's legitimate obligations associated with prior Applications for Payment. D. The amount of retention with respect to progress payments will be as stipulated in the Agreement.