Contract Compensation Clause Samples
Contract Compensation. The Habitat Restoration Work Price and the Habitat Maintenance Fee have been established as of the Contract Date on the basis and subject to the terms and conditions described in Section 5.9 (Habitat Project Work Implementation Contract Amendment).
Contract Compensation. City will pay to Artist as full compensation for all services required to be performed by Artist for completion of Phase 1 under this Agreement, except for services for changes to scope of work by City, an amount not to exceed $52,555.00 in the aggregate. City will pay to Artist as full compensation for all services required to be performed by Artist for completion of Phase 2 of this Agreement, including all services required to be performed by Artist under this Agreement except Phase 1 work and services for changes to scope of work by City, an amount not to exceed $547,445.00 (“Phase 2 Sum”) in the aggregate. Partial payments not to exceed ninety percent (90%) of the Phase 2 Sum or such lesser percent that the City deems reasonable to protect City’s interests shall be authorized as follows:
a. Partial payments may be requested not more frequently than monthly, and upon approval by City’s representative, will be made based upon the percentage of work complete and in place as determined by City’s representative; provided, however, Artist may also request partial payment for specifically ordered materials and work in process which are suitably and securely stored on or off site, in an amount not to exceed 50% of the value of the Phase 2 Sum or portion thereof. In order to avail itself of partial payment for specially ordered materials and work in process, Artist shall submit to City, and obtain City’s approval of, a schedule of values for all labor, equipment and materials to be furnished for or in connection with the work, which schedule shall aggregate to not more than the lump sum contract price.
b. All applications for payment shall contain appropriate records and other documentation that such services have been performed and the amount of product delivered and incorporated into the Project or, in the discretion of Customers representative, suitably and securely stored on site. Thereafter, City will pay Artist for the amount of the application approved by City’s representative within 40 days of the date such application is received; provided, however, that final payment hereunder shall not be made until the date of final settlement, and Artist agrees to bind itself and be subject to the provisions of ▇▇-▇▇-▇▇▇, C.R.S., with respect to notice of final settlement and withholding.
c. No separate or additional payment shall be made to Artist for profit or overhead, nor for any unanticipated expenses.
d. Before undertaking any work or providing any services w...
Contract Compensation. The Contractor shall ▇▇▇▇ ▇▇▇▇ monthly for services provided pursuant to the specifications at the unit prices established in the negotiated contract. Total compensation shall not exceed the maximum limit established in the negotiated contract. The Contractor’s applications for payment shall include the following information:
A. Purchase order number.
B. Detailed description of the services that were performed.
C. Total charge for the month.
Contract Compensation