Common use of Maximum Payment Amount Clause in Contracts

Maximum Payment Amount. Notwithstanding any other provision of this Contract to the contrary, the maximum, not-to-exceed compensation that Agency will pay to Consultant is _____Dollars ($_____) (the “Maximum Not-To-Exceed Compensation”), which includes payment for any allowable expenses for which Consultant may request reimbursement under this Contract. Payment of Fixed Prices. Subject to the requirements of Sections 5.3 and 5.5, Agency shall pay to Consultant the fixed price for each Deliverable completed, delivered to and Accepted by Agency according to the Statement of Work. . Retention. Agency shall be permitted to holdback an amount of not more than ten percent (10%) of all amounts invoiced and payable. Agency shall pay the then accrued Services Retention Amount to Consultant within thirty (30) days following Final Acceptance.