Payment breakdown table Clause Samples

Payment breakdown table. 1. Requirements for the preparation of the payment breakdown table (1) The amount of each payment listed in the payment breakdown table shall be the same as the estimated amount listed in Section 12.4.2 [the preparation of the progress payment application form], item (1); (2) If the actual progress is inconsistent with the construction schedule, the parties to the contract may follow the Section 4.4 [Agreed or determined] to modify the payment breakdown table; (3) If the payment breakdown table is not used, the Contractor shall submit to the Contractor and the Supervisor a quarterly payment estimate breakdown table for payment reference. 2. Preparation and approval of the breakdown of the total price contract payment (1) Unless otherwise agreed in the Special Contract Terms, the Contractor shall break down or prepare the payment breakdown table on a monthly basis in accordance with such factors as the agreed construction schedule Section 7.2.[Construction schedule], the contracted price and the amount of construction works. The Contractor shall, within 7 days after receiving the construction schedule approved by the Supervisor and the Contractor, submit the supporting materials for the payment breakdown table and the preparation of the payment breakdown table to the Supervisor. (2) The Supervisor should complete the review within 7 days after receipt of the payment breakdown table and submit it to the Employer. The Employer shall complete the approval within 7 days after receipt of the payment breakdown form reviewed by the Supervisor. The payment breakdown table approved by the Employer shall be a binding payment breakdown table. (3) If the Employer fails to complete the approval of payment breakdown table on time, nor request the Contractor to amend and to provide additional materials in a timely fashion, the payment breakdown table submitted by the contract shall be deemed that it has obtained the approval from the Employer. 3. Compilation and approval of the payment breakdown table for the total price of the unit price contract Except as otherwise stipulated in the special contract terms, the total price of the unit price contract shall be decomposed by the Contractor in terms of construction schedule, total price structure, nature of expenses, planned timeframes and corresponding amount of works to form a payment breakdown table. The compilation and approval of the payment breakdown table shall be in reference to compilation and approval of the paymen...