Common use of Construction Phase Payments Clause in Contracts

Construction Phase Payments. Based upon certified invoices approved by the Authority, and supporting information reasonably requested by the Authority (including appropriate documentation of payment from the Design- Builder to its Subcontractors), the Authority shall make monthly progress payments to the Design-Builder on account of a GMP for Construction Work properly completed (or portion thereof) in the prior month, evaluated against the Schedule of Values, which progress payments may be offset by any liquidated damages or other deductions that the Authority is entitled to set off against amounts due to the Design-Builder under the terms of the DBA.