Common use of Applications for Payments Clause in Contracts

Applications for Payments. A. Contractor shall submit an application for payment in a form acceptable to the Project Manager, no more frequently than monthly, to Project Manager. Applications for payment will be prepared and signed by Contractor. Contractor shall provide supporting documentation required by the Contract Documents. Payment will be paid for Work completed as of the date of the application for payment. B. Beginning with the second application for payment, each application shall include an affidavit of Contractor stating that all previous progress payments received on account of the Work have been applied on account to discharge Contractor’s legitimate obligations associated with prior applications for payment. Owner may, in its discretion, require interim releases from Contractor and its subcontractors and suppliers.

Appears in 1 contract

Sources: Construction Contract

Applications for Payments. A. Contractor shall submit an application for payment in a form acceptable to the Project Facilities Manager, no more frequently than monthly, to Project Facilities Manager. Applications for payment will be prepared and signed by Contractor. Contractor shall provide supporting documentation required by the Contract Documents. Payment will be paid for Work completed as of the date of the application for payment. B. Beginning with the second application for payment, each application shall include an affidavit of Contractor stating that all previous progress payments received on account of the Work have been applied on account to discharge Contractor’s legitimate obligations associated with prior applications for payment. Owner may, in its discretion, require interim releases from Contractor and its subcontractors and suppliers.

Appears in 1 contract

Sources: Construction Contract