Common use of APPLICATIONS FOR PROGRESS PAYMENT Clause in Contracts

APPLICATIONS FOR PROGRESS PAYMENT. 5.2.1 Applications for payment on account as provided in Article A-5 of the Agreement - PAYMENT may be made monthly as the 5.2.2 Applications for payment shall be dated the last day of each payment period, which is the last day of the month or an alternative day of the month agreed in writing by the parties. 5.2.3 As of the last day of the payment period, the amount claimed shall be: 1. the value of Unit Price work performed, being the sum of the products of each Unit Price stated in the Schedule of Prices multiplied by the appropriate actual quantity of each Unit Price item that is incorporated in or made necessary by the Work; plus 2. the value of lump sum work performed, proportionate to the amount of the lump sum item, plus 3. the value of Products delivered to the Place of the Work . 5.2.4 The Contractor shall submit to the Consultant, at least 15 calendar days before the first application for payment, a schedule of values for the lump sum items of work, aggregating the total amount of each lump sum item, so as to facilitate evaluation of applications for payment. 5.2.5 The schedule of values for lump sum items of work shall be made out in such form and supported by such evidence as the Consultant may reasonably direct and when accepted by the Consultant, shall be used as the basis for applications for payment for lump sum items, unless it is found to be in error. 5.2.6 The Contractor shall include with each application for payment: 1. a statement based on the schedule of values for the lump sum items of work; and 2. quantity measurements and other evidence as requested by the Consultant for each Unit Price item. 5.2.7 Applications for payment for Products delivered to the Place of the Work but not yet incorporated into the Work shall be supported by such evidence as the Consultant may reasonably require to establish the value and delivery of the Products.

APPLICATIONS FOR PROGRESS PAYMENT. 5.2.1 Applications for payment on account as provided in Article A-5 of the Agreement - PAYMENT may be made monthly as the 5.2.2 Applications for payment shall be dated submitted to the Consultant on or before the last day of each payment periodcalendar month, which is dated as of the last day of the month or an alternative day month, and be in respect of the month agreed in writing by Work completed prior to the partiesapplication being signed (the “payment period”). 5.2.3 As 5.2.2 The amount claimed shall be the value, proportionate to the amount of the Contract, of Work performed and Products delivered to the Place of the Work as of the last day of the payment period, the amount claimed shall be: 1. the value of Unit Price work performed, being the sum of the products of each Unit Price stated in the Schedule of Prices multiplied by the appropriate actual quantity of each Unit Price item that is incorporated in or made necessary by the Work; plus 2. the value of lump sum work performed, proportionate to the amount of the lump sum item, plus 3. the value of Products delivered to the Place of the Work . 5.2.4 5.2.3 The Contractor shall submit to the Consultant, Consultant at least 15 fifteen (15) calendar days before the first application for payment, a schedule of values for the lump sum items parts of workthe Work, aggregating the total amount of each lump sum itemthe Contract Price, so as to facilitate evaluation of applications for payment. A second schedule, stating the anticipated monthly progress payments, is to be submitted upon request. 5.2.5 5.2.4 The schedule of values for lump sum items of work shall be made out in such form and supported by such evidence as the Consultant may reasonably direct and when accepted by the Consultant, shall be used as the basis for applications for payment for lump sum itemspayment, unless it is found to be in error. 5.2.6 The Contractor shall include with each 5.2.5 When making an application for payment: 1. , the Contractor shall submit a statement based on upon the schedule of values for the lump sum items of work; and 2values. quantity measurements and other evidence as requested by the Consultant for each Unit Price item. 5.2.7 Applications for payment Claims for Products delivered to the Place of the Work but not yet incorporated into the Work shall be supported by such evidence as the Consultant may reasonably require to establish the ownership, value and delivery of the Products. The City has the right to refuse payment for Products delivered to the Place of the Work but not incorporated in the Work. The Contractor shall obtain the City's permission prior to invoicing for such Products. 5.2.6 Each application for payment shall: .1 be in such form and detail as the Consultant shall require and submitted consistently in such form and detail unless otherwise advised by the Consultant and clearly show: