PAYMENT OF THE CONTRACT SUM. 4.1 Where this AGREEMENT is not subject to mortgage finance being obtained by the EMPLOYER, payment of the CONTRACT SUM will be made by the EMPLOYER to the CONTRACTOR in progress payment instalments as the WORKS progress, and the amount of the payments will be calculated as the following percentages of the CONTRACT SUM:
PAYMENT OF THE CONTRACT SUM. The Contract Sum shall be paid in accordance with Article 10 of the UGC, subject to any Supplementary General Conditions or Special Conditions or as provided below.
PAYMENT OF THE CONTRACT SUM. Before issuance of any payment, the Contractor shall submit evidence satisfactory to the Board that all payrolls, material bills, and all other indebtedness connected with the work have been paid, including waivers of lien from any sub-contractor for whose work payment has been requested. The County shall pay the Contractor the total sum of the Contract within forty-five (45) days after Contractor’s substantial completion of the Contract to the satisfaction of the County, provided, however, that the Contractor may receive partial payments each thirty (30) day period the work is in progress by submitting a proper written xxxx or estimate for work completed and approved by the County and architect/engineer. Said partial payments shall not exceed ninety-two percent (92%) of the value of the work performed and/or material furnished with the exception that no portion of the estimate shall be withheld for any labor performed after the Contract is fifty percent (50%) completed upon the Board’s receipt of documentation from the Contractor to substantiate the allocation or percentage of said estimate or estimates for labor. In addition to all other partial payments on account of work performed, the County shall pay to the Contractor a sum at the rate of ninety-two percent (92%) of the invoice costs, not to exceed the bid price in a unit price Contract, of material delivered on the site of the work or other approved storage site, provided such materials have been inspected and found to meet the specifications of the Contract. The eight percent (8%) balance of such invoiced value shall be paid to the Contractor when such material is incorporated into and becomes a part of the building, construction, addition, improvement, alteration, or installation provided for in the Contract.
PAYMENT OF THE CONTRACT SUM. 3.1 Payment of the contract sum shall be made by the Purchaser to the Builder in progress payment instalments as the Works progress as follows:
PAYMENT OF THE CONTRACT SUM. 14 . 1 The Client shall pay to the Contractor a deposit in the amount stated in paragraph 5.2 of the contract details upon the signature date .
PAYMENT OF THE CONTRACT SUM. 3.1 Payment of the contract sum shall be made by the Employer to the Contractor in progress payments either via the Transferring Attorney (cash transaction) or via the Bank in accordance with the building draws (Building Loan).
PAYMENT OF THE CONTRACT SUM. The Contractor shall, upon reaching the various stages of completion of the Works for which payment is to be effected, make written application to the Employer for such payment. Payment of the Contract Sum shall be made to the Contractor as set out below and the method of payment shall be determined by the manner in which finance has been secured.
PAYMENT OF THE CONTRACT SUM. 3.1 Where this AGREEMENT is not subject to mortgage finance being obtained by the EMPLOYER, payment of the full amount of the CONTRACT SUM will be made by the EMPLOYER into the Trust Account of the TRANSFERRING ATTONEYS within 14 (fourteen) days after signature of this AGREEMENT. Progress payments will be made to the CONTRACTOR from the funds held by the TRANSFERRING ATTORNEYS in instalments as the WORKS progress. The amount of the payments will be calculated as the following percentages of the CONTRACT SUM, certified by the PROJECT AGENT:
PAYMENT OF THE CONTRACT SUM. 5.1 Payment of the contract sum shall be made by the employer to the contractor in progress payment installments as per annexure b and according to the standard procedure of the financial institution concerned, where a bond is applicable. in a case where a part of the contract price is financed by a bond the employer undertakes to pay the first part of the contract price as indicated on annexure b and the bond be utilized for the later payments.
PAYMENT OF THE CONTRACT SUM. 5.1 Payment of the contract sum shall be made by the Employer to the Contractor in the following progress payment instalments:
