Common use of Payment Application Clause in Contracts

Payment Application. On or before the day of each month specified in ¶ I(N), Design- Builder shall submit to the ADR and Design Professional electronic and print drafts of sequentially numbered and dated draft proposed Interim Payment Application, covering compliant Design Services and Work suitably performed and materials suitably stored and secured off-site (where approved in advance in writing by the ADR consistent with this Article) during the monthly period ending on the twenty-fifth day of the subject month, with reductions for retainage and other withholding as indicated in this Agreement. a. As a threshold condition precedent to UGAA’s obligation to pay amounts applied for, Design-Builder shall provide the additional information set forth in ¶ I(N) with each Interim Payment Application (as well as any other documents requested by the ADR to substantiate a Payment Application, e.g., updated as- built information, test results, observation reports, daily reports, etc.). Payment Applications submitted in final form by Design-Builder shall reflect comments received from the ADR on the draft. b. Design-Builder’s Payment Applications are to be submitted using AIA Standard Forms G702 and G703, submittal of which does not relieve Design-Builder of its obligation to also provide a sworn Design-Builder Interim Affidavit (in the form supplied as Supplement E). c. With respect to any amount applied for (including amounts pertaining to PCO’s, and Change Orders), ADR may, but is not required to, demand thorough, legible, and valid documentation of every component of Cost of the Work and Design-Builder Construction Overhead Costs, with documentation including, without limitation: (a) certified payroll records showing name, classification, date, daily hours, total hours, rate, and extension for each laborer, Project Manager, Superintendent, or other manager or employee of Design-Builder or its Subcontractors; (b) equipment type and model, dates of use, daily hours, total hours, rental rate, or other rates, operator costs and hours, and other related costs; (c) invoices showing payment for specific materials, prices, extension, and delivery costs; (d) daily records of waste removed from the Project site with proof of lawful deposit in landfills or other lawful means of disposal; (e) engineer-certified measurements of excavations, pilings, fill work, and any other civil earthwork, rock removal, etc. for which compensation is (or may be) based upon volume; (f) transportation records for materials, including prices, loads, and extensions; and (g) any other information indicated in ¶ I(N). Design- Builder’s provision upon request of the foregoing is a condition precedent to UGAA’s obligation to pay.

Appears in 1 contract

Sources: Design Build Agreement

Payment Application. On or before the day of each month specified in ¶ I(N), Design- Builder shall submit to the ADR and Design Professional electronic and print drafts of sequentially numbered and dated draft proposed Interim Payment Application, covering compliant Design Services and Work suitably performed and materials suitably stored and secured off-site (where approved in advance in writing by the ADR consistent with this Article) during the monthly period ending on the twenty-fifth day of the subject month, with reductions for retainage and other withholding as indicated in this Agreement. a. As a threshold condition precedent to UGAA’s obligation to pay amounts applied for, Design-Builder shall provide the additional information set forth in ¶ I(N) with each Interim Payment Application (as well as any other documents requested by the ADR to substantiate a Payment Application, e.g., updated as- built information, test results, observation reports, daily reports, etc.). Payment Applications submitted in final form by Design-Builder shall reflect comments received from the ADR on the draft. b. Design-Builder’s Payment Applications are to be submitted using AIA Standard Forms G702 and G703, submittal of which does not relieve Design-Builder of its obligation to also provide a sworn Design-Builder Interim Affidavit (in the form supplied as Supplement E). c. With respect to any amount applied for (including amounts pertaining to PCO’s, and Change Orders), the ADR may, but is not required to, demand thorough, legible, and valid documentation of every component of Cost of the Work and Design-Builder Construction Overhead Costs, with documentation including, without limitation: (a) certified payroll records showing name, classification, date, daily hours, total hours, rate, and extension for each laborer, Project Manager, Superintendent, or other manager or employee of Design-Builder or its Subcontractors; (b) equipment type and model, dates of use, daily hours, total hours, rental rate, or other rates, operator costs and hours, and other related costs; (c) invoices showing payment for specific materials, prices, extension, and delivery costs; (d) daily records of waste removed from the Project site with proof of lawful deposit in landfills or other lawful means of disposal; (e) engineer-certified measurements of excavations, pilings, fill work, and any other civil earthwork, rock removal, etc. for which compensation is (or may be) based upon volume; (f) transportation records for materials, including prices, loads, and extensions; and (g) any other information indicated in ¶ I(N). Design- Builder’s provision upon request of the foregoing is a condition precedent to UGAA▇▇▇▇’s obligation to pay.

Appears in 1 contract

Sources: Standard Form of Agreement

Payment Application. On or before the day of each month specified in ¶ I(N), Design- Builder shall submit to the ADR and Design Professional electronic and print drafts of sequentially numbered and dated draft proposed Interim Payment Application, covering compliant Design Services and Work suitably performed and materials suitably stored and secured off-site (where approved in advance in writing by the ADR consistent with this Article) during the monthly period ending on the twenty-fifth day of the subject month, with reductions for retainage and other withholding as indicated in this Agreement. a. As a threshold condition precedent to UGAA’s obligation to pay amounts applied for, Design-Builder shall provide the additional information set forth in ¶ I(N) with each Interim Payment Application (as well as any other documents requested by the ADR to substantiate a Payment Application, e.g., updated as- as-built information, test results, observation reports, daily reports, etc.). Payment Applications submitted in final form by Design-Builder shall reflect comments received from the ADR on the draft. b. Design-Builder’s Payment Applications are to be submitted using AIA Standard Forms G702 and G703, submittal of which does not relieve Design-Builder of its obligation to also provide a sworn Design-Builder Interim Affidavit (in the form supplied as Supplement E). c. With respect to any amount applied for (including amounts pertaining to PCO’s, and Change Orders), ADR may, but is not required to, demand thorough, legible, and valid documentation of every component of Cost of the Work and Design-Builder Construction Overhead Costs, with documentation including, without limitation: (a) certified payroll records showing name, classification, date, daily hours, total hours, rate, and extension for each laborer, Project Manager, Superintendent, or other manager or employee of Design-Builder or its Subcontractors; (b) equipment type and model, dates of use, daily hours, total hours, rental rate, or other rates, operator costs and hours, and other related costs; (c) invoices showing payment for specific materials, prices, extension, and delivery costs; (d) daily records of waste removed from the Project site with proof of lawful deposit in landfills or other lawful means of disposal; (e) engineer-certified measurements of excavations, pilings, fill work, and any other civil earthwork, rock removal, etc. for which compensation is (or may be) based upon volume; (f) transportation records for materials, including prices, loads, and extensions; and (g) any other information indicated in ¶ I(N). Design- Builder’s provision upon request of the foregoing is a condition precedent to UGAA▇▇▇▇’s obligation to pay.

Appears in 1 contract

Sources: Construction Contract

Payment Application. On or before the day of each month specified in ¶ I(N), Design- Builder CM shall submit to the ADR and Design Professional electronic and print drafts of sequentially numbered and dated proposed draft proposed Interim Payment Application, covering compliant Design Services and Work suitably performed and materials suitably stored and secured off-site (where approved in advance in writing by the ADR consistent with this Article) during the monthly period ending on the twenty-fifth day of the subject month, with reductions for retainage and other withholding as indicated in this Agreement. a. As a threshold condition precedent to UGAA’s obligation to pay amounts applied for, Design-Builder CM shall provide the additional information set forth in ¶ I(N) with each Interim Payment Application (as well as any other documents requested by the ADR to substantiate a Payment Application, e.g., updated as- as-built information, test results, observation reports, daily reports, etc.). Payment Applications submitted in final form by Design-Builder CM shall reflect comments received from the ADR on the draft. b. Design-BuilderCM’s Payment Applications are to be submitted using AIA Standard Forms G702 and G703, submittal of which does not relieve Design-Builder CM of its obligation to also provide a sworn Design-Builder CM Interim Affidavit (in the form supplied as Supplement E). c. With respect to any amount applied for (including amounts pertaining to PCO’s, and Change Orders), the ADR may, but is not required to, demand thorough, legible, and valid documentation of every component of Cost of the Work and Design-Builder CM Construction Overhead Costs, with documentation including, without limitation: (a) certified payroll records showing name, classification, date, daily hours, total hours, rate, and extension for each laborer, Project Manager, Superintendent, or other manager or employee of Design-Builder CM or its Subcontractors; (b) equipment type and model, dates of use, daily hours, total hours, rental rate, or other rates, operator costs and hours, and other related costs; (c) invoices showing payment for specific materials, prices, extension, and delivery costs; (d) daily records of waste removed from the Project site with proof of lawful deposit in landfills or other lawful means of disposal; (e) engineer-certified measurements of excavations, pilings, fill work, and any other civil earthwork, rock removal, etc. for which compensation is (or may be) based upon volume; (f) transportation records for materials, including prices, loads, and extensions; and (g) any other information indicated in ¶ I(N). Design- Builder’s provision upon request of the foregoing is a condition precedent to UGAA’s obligation to pay.and

Appears in 1 contract

Sources: Construction Manager at Risk Agreement