Based upon Applications Clause Samples
The "Based upon Applications" clause establishes that certain actions, obligations, or calculations within the agreement are determined by the applications or requests submitted by one of the parties. In practice, this means that processes such as disbursements, approvals, or progress assessments are triggered or measured according to the information provided in formal applications, such as payment requests or progress reports. This clause ensures that the contract's operations are responsive to actual, documented needs or milestones, thereby providing a clear and structured mechanism for initiating or validating contractual steps.
Based upon Applications for Payment submitted to the Owner by the DB, the Owner shall make progress payments on account of the Contract Sum to the DB as provided below and elsewhere in the Contract Documents. The Application for Payment shall be formatted to present the costs in the same detail and categories as used in the Schedule of Values.
Based upon Applications for Payment submitted to the Owner by the CM, the Owner shall make progress payments on account of the Contract Sum to the CM as provided below and elsewhere in the Contract Documents. The Application for Payment shall be formatted to present the costs in the same detail and categories as used in the Schedule of Values.