Joint Checking Clause Samples

The Joint Checking clause establishes a process where payments for work performed are made via checks issued jointly to both the contractor and a subcontractor or supplier. In practice, this means that the owner or general contractor writes a check payable to both parties, requiring both to endorse it before funds can be deposited or cashed. This arrangement ensures that subcontractors or suppliers receive payment directly, reducing the risk of nonpayment and potential liens, and providing assurance to all parties involved in the payment chain.
Joint Checking. 39 A joint check is a check between a Subcontractor and the Contractor to the 40 supplier of materials/supplies. The check is issued by the Contractor as payer 41 to the Subcontractor and the material supplier jointly for items to be incorporated 42 into the project. The DBE must release the check to the supplier, while the 43 Contractor acts solely as the guarantor. 44 45 A joint check agreement must be approved by the Engineer and requested by 46 the DBE involved using the DBE Joint Check Request Form (form # 272-053) 47 prior to its use. The form must accompany the DBE Joint Check Agreement 48 between the parties involved, including the conditions of the arrangement and 49 expected use of the joint checks. 1 The approval to use joint checks and the use will be closely monitored by the
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Joint Checking check is a check between a Subcontractor and the Contractor to the 7 supplier of materials/supplies. The check is issued by the Contractor as payer 8 to the Subcontractor and the material supplier jointly for items to be incorporated 9 into the project. The DBE must release the check to the supplier, while the 10 Contractor acts solely as the guarantor.
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Joint Checking. A joint check is issued by a Contractor to a Subcontractor and to a material supplier for items or services to be incorporated into a project. A joint check agreement must be approved by the Engineer and requested by the DBE involved using the DBE Joint Check Request Form (form # 272-053) prior to its use. The form must accompany the DBE Joint Check Agreement between the parties involved, including the conditions of the arrangement and expected use of the joint checks. The approval to use joint checks and the use will be closely monitored by the Engineer. To receive DBE credit for performing a CUF with respect to obtaining materials and supplies, a DBE must “be responsible for negotiating price, determining quality and quantity, ordering the material and installing (where applicable) and paying for the material itself.” The Contractor shall submit DBE Joint Check Request Form for the Engineer approval prior to using a joint check. Material costs paid by the Contractor directly to the material supplier are not allowed. If proper procedures are not followed or the Engineer determines that the arrangement results in lack of independence for the DBE involved, no DBE credit will be given for the DBE’s participation as it relates to the material cost. Refer to Section 1-08.1 for Prompt Payment requirements associated with this contract.
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Joint Checking. A joint check is a check between a Subcontractor and the Contractor to the supplier of materials/supplies. The check is issued by the Contractor as payer to the Subcontractor and the material supplier jointly for items to be incorporated into the project. The DBE must release the check to the supplier, while the Contractor acts solely as the guarantor. A joint check agreement must be approved by the Engineer and requested by the DBE involved using the DBE Joint Check Request Form (form # 272-053) prior to its use. The form must accompany the DBE Joint Check Agreement between the parties involved, including the conditions of the arrangement and expected use of the joint checks. The approval to use joint checks and the use will be closely monitored by the Engineer. To receive DBE credit for performing a CUF with respect to obtaining materials and supplies, a DBE must “be responsible for negotiating price, determining quality and quantity, ordering the material and installing and paying for the material itself.” The Contractor shall submit DBE Joint Check Request Form for the Engineer approval prior to using a joint check. Material costs paid by the Contractor directly to the material supplier is not allowed. If proper procedures are not followed or the Engineer determines that the arrangement results in lack of independence for the DBE involved, no DBE credit will be given for the DBE’s participation as it relates to the material cost. Prompt payment to all subcontractors shall be in accordance with Section 1-08.1. Prompt Payment requirements apply to progress payments as well as return of retainage.
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Joint Checking. 38 A joint check is a check between a Subcontractor and the Contractor to the 39 supplier of materials/supplies. The check is issued by the Contractor as payer 40 to the Subcontractor and the material supplier jointly for items to be incorporated 41 into the project. The DBE must release the check to the supplier, while the 42 Contractor acts solely as the guarantor. 44 A joint check agreement must be approved by the Engineer and requested by 45 the DBE involved using the DBE Joint Check Request Form (form # 272-053) 46 prior to its use. The form must accompany the DBE Joint Check Agreement 47 between the parties involved, including the conditions of the arrangement and 48 expected use of the joint checks. 50 The approval to use joint checks and the use will be closely monitored by the 51 Engineer. To receive DBE credit for performing a CUF with respect to obtaining 1 materials and supplies, a DBE must “be responsible for negotiating price, 2 determining quality and quantity, ordering the material, installing and paying for 3 the material itself.” The Contractor shall submit DBE Joint Check Request Form 4 to the Engineer and be in receipt of written approval prior to using a joint check. 6 Material costs paid by the Contractor directly to the material supplier are not
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Related to Joint Checking

  • Criminal Background Checks Provider and College reserve the right to conduct criminal background checks on Resident to determine Resident’s suitability to live in Residence Facility, and Resident consents and agrees that Provider and College has permission to conduct criminal background checks on Resident.

  • Background Checks The State may require that the Contractor and Contractor Parties undergo criminal background checks as provided for in the State of Connecticut Department of Emergency Services and Public Protection Administration and Operations Manual or such other State document as governs procedures for background checks. The Contractor and Contractor Parties shall cooperate fully as necessary or reasonably requested with the State and its agents in connection with such background checks.

  • Criminal Background Check It is the Responsibility of CHESAPEAKE CENTER, INC. to make certain that its employees, agents, volunteers, and contractors, who have contact with students receiving services are fingerprinted and have a background check in compliance with Family Law Article, Annotated Code of Maryland, and Section 5-551 through 5-557. CHESAPEAKE CENTER, INC. may not hire, contract, or otherwise engage an individual to participate in this Cooperative Agreement who has been convicted of a crime involving child abuse or neglect; contributing to the delinquency of a minor; a crime of violence as set forth in Criminal Law Article §14-101, Annotated Code of Maryland; or has evidence of a criminal history which in the opinion of Chesapeake Center, Inc. makes the individual unfit to participate in this Cooperative Agreement.

  • Direction to Account Debtors; Contracting Parties; etc Subject to the Intercreditor Agreement, upon the occurrence and during the continuance of an Event of Default (but without limiting the provisions of the Credit Agreement), if the Collateral Agent so directs any Grantor, such Grantor agrees (x) to cause all payments on account of the Accounts and Contracts to be made directly to the Cash Collateral Account, (y) that the Collateral Agent may, at its option, directly notify the obligors with respect to any Accounts and/or under any Contracts to make payments with respect thereto as provided in the preceding clause (x), and (z) that the Collateral Agent may enforce collection of any such Accounts and Contracts and may adjust, settle or compromise the amount of payment thereof, in the same manner and to the same extent as such Grantor. Subject to the Intercreditor Agreement, without notice to or assent by any Grantor, the Collateral Agent may, upon the occurrence and during the continuance of an Event of Default, apply any or all amounts then in, or thereafter deposited in, the Cash Collateral Account toward the payment of the Obligations in the manner provided in Section 5.4 of this Agreement. The reasonable out-of-pocket costs and expenses of collection (including reasonable out-of-pocket attorneys’ fees), whether incurred by a Grantor or the Collateral Agent, shall be borne by the relevant Grantor. The Collateral Agent shall deliver a copy of each notice given to any such obligors referred to in the preceding clause (y) to the relevant Grantor, provided that (x) the failure by the Collateral Agent to so notify such Grantor shall not affect the effectiveness of such notice or the other rights of the Collateral Agent created by this Section 3.3 and (y) no such notice shall be required if an Event of Default of the type described in Section 8.01(f) of the Credit Agreement has occurred and is continuing.

  • Account Verification Whether or not a Default or Event of Default exists, Agent shall have the right at any time, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone or otherwise. Borrowers shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.