Payment of the Contract Price. 5.1 Payment of the Contract Price shall be made by the Employer to the Contractor in the following progress payment instalments:
Payment of the Contract Price. The District will make payment of the Contract Price upon completion of the Work, the Contractor’s full performance of all other obligations under this Contract and the Contractor’s submission of a properly itemized invoice. All invoices shall be sent to Xxxxx Le at xxxxxxx@xxxxxx.xxx. Upon receipt of the Contractor’s invoice, the District Representative will promptly verify that the Work has been completed and that the Contractor has performed all other obligations hereunder. Within thirty (30) days of the District Representative’s confirmation of the completion of Work and the Contractor’s performance of other obligations hereunder, the District will make payment of the Contract Price. If the Contract Time is a duration of sixty (60) days or more, the Contractor may submit invoices on a monthly basis for the value of Work completed in the prior month, whereupon the District Representative and Inspector Of Record will promptly verify that the Work has been completed as indicated in the Contractor’s invoice. Within thirty (30) days of the date of such verification, the District will make payment equal to ninety five percent (95%) of the value of the Work completed. Within sixty (60) days of completion of all Work and all other of the Contractor’s obligations hereunder, amounts previously retained from prior invoices will be released to the Contractor. The District may, in its sole discretion, condition payment of the Contract Price, or any portion thereof, upon: (a) the Contractor’s preparation of a Schedule of Values for review and acceptance by the District’s Representative; (b) the submittal of executed Waivers and Releases (on Progress Payment or Final Payment, as applicable) for the Contractor and all Subcontractors receiving any portion of the Contract Price; and/or (c) delivery of Certified Payroll records of the Contractor and Subcontractors. The District may withhold payment of the Contract Price if: (a) there are claims or the probability of claims being submitted by Subcontractor, Material Suppliers or others in connection with the Work; (b) defective or non- conforming Work which is not remedied; or (c) there are any uncured Contractor defaults.
Payment of the Contract Price. 21.1.1. In consideration of the Contractor carrying out the Works in accordance with this Contract the Principal agrees to pay to the Contractor the Contract Price.
Payment of the Contract Price. 1. Payments of the Contract Price will be made monthly as Work progresses. Payment Applications, covering labor, material, equipment, supplies, and other items completed, delivered or suitably stored on site during a period ending on the last calendar day of each month, shall be submitted to the City by the Contractor on the current edition of AIA Documents G702 and G703, within five (5) days after end of the period. Payment Applications shall be notarized shall be supported by such data substantiating the Contractor's right to payment as the City may require, and reflect retainage, if any, as is provided. All payments shall be subject to any offset or retainage provisions of the Contract.
Payment of the Contract Price. The Authority shall pay to the Contractor the Contract Price in respect of each Payment Period, which shall be calculated in accordance with Schedule 5 (Pricing and Payment Mechanism).
Payment of the Contract Price. 5.1 Payment of the Contract Price shall be made by the Employer to the Contractor in accordance with the standard building draw practice of the Employer’s mortgage bank. In the event that the Employer is not drawing from a mortgage bond, the standard building draw practice of Standard Bank, will apply.
Payment of the Contract Price. The Owner shall pay the Contract Price at the following times and in the following manner:
Payment of the Contract Price. On or before the Effective Date, Buyer shall deliver the Deposit to Seller and acknowledges that the same is non-refundable to Buyer, except only in the event of a default by Seller hereunder, or as otherwise provided herein. Buyer shall pay the rest of the Contract Price on or before the Closing.
Payment of the Contract Price. 5.1 Cash Payments of the Contract Price shall be made by the Employer to the Contractor in progress payment instalments as Works progress as follows:
Payment of the Contract Price. Project management fee The project management fee is paid monthly as invoiced by the PMC and based on the instalment table, Appendix .....
