Common use of Payment of the Contract Price Clause in Contracts

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. 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. 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.defaults.‌‌‌

Payment of the Contract Price. The District As full consideration for the satisfactory performance of Contractor's obligations under this Contract, (i) within five (5) Business Days of the Effective Date, Owner shall pay to Contractor the initial payment amount set out in Exhibit B-1 (the “Down Payment”), and (ii) Owner will make payment of pay Contractor the Contract Price upon completion of the Work, the Contractor’s full performance of in accordance with Exhibit B-1 “Payment Milestones.” Owner shall pay Contractor all other obligations under this Contract and the Contractor’s submission undisputed invoice amounts within twenty-one (21) days after receipt of a properly itemized invoice. All invoices Request for Payment, as set forth below, in strict accordance with the Payment Milestones, less a retention as set forth in Section 4.5, however in no event shall any payment be sent to Xxxxx Le at xxxxxxx@xxxxxx.xxx. Upon receipt of the Contractor’s invoice, the District Representative will promptly verify that due and owing until such time as the Work has been satisfactorily completed and that accepted by Owner pursuant to the procedures set forth in Exhibit B-1 “Payment Milestones” and all other conditions have been satisfied. No payment shall be made unless the Contractor has performed all other obligations hereunderachieved the Milestone for which the payment is requested prior to the Contractor submitting its Request for Payment with respect thereto. Within thirty Contractor shall, on the first (301st) days day of each calendar month (or the following Business Day if the first (1st) of the District Representative’s confirmation month is not a Business Day), prepare and submit to Owner an application for payment (each, a “Request for Payment”) in the form set forth in Exhibit B-2 hereto specifying (i) components of the completion of Work and corresponding to Milestones set forth in the Contractor’s performance of other obligations hereunderPayment Milestones which have achieved completion, (ii) 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 during 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 period commencing upon the date of such verification, the District will make payment equal to ninety five percent (95%) Request for Payment for the prior period and ending on the date of the value Request for Payment for the current period, and (iii) the total payment sought in the Request for Payment based upon the Payment Milestones, including the appropriate supporting documentation of the Work completed. Within sixty (60) days foregoing including, but not limited to, any certificates 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 Paymentcompletion, as applicable) . Payment Milestones have been selected to clearly identify the actual status of Work completed, rather than anticipated Project Schedules. This will establish a tangible basis for mutual agreement that the Contractor and all Subcontractors receiving any portion of the Contract Price; and/or (c) delivery of Certified Payroll records of the Contractor and SubcontractorsMilestone objective has been met. The District may withhold payment of Owner will consider all Work complete only when the Contract Price if: (a) there are claims or the probability of claims being submitted by Subcontractor, Material Suppliers or others Work is completed in connection accordance with the Work; (b) defective or non- conforming terms and conditions of this Agreement including, all training and documentation has been provided, all equipment and spares have been provided, the construction Work which is not remedied; or (c) there finished, the final product has been inspected and tested, all make good deficiencies are any uncured Contractor defaultscorrected, all liquidated damages have been reconciled and paid and the equipment and the Work is operating in a condition reasonably satisfactory to Owner, as specified herein.