Payment to the Contractor Clause Samples

Payment to the Contractor. Progress payments to the Contractor shall be made within 30 days of a fully executed Pay Estimate and are in compliance with all contractual requirements. A sum equal to 5% may be reserved and retained from monies earned by the Contractor in accordance with Chapter 60.28

Payment to the Contractor. The Contractor shall raise bills on completion of every month in 2 sets, which should be duly certified by the BHEL’s official at the Guest House and the payment shall be made within 30 days from the date of submission of complete bill with supporting documents. As the Company follows Electronic Fund Transfer (EFT) method only, the bidders should fill the attached EFT format and enclose it with the technical bid.

Payment to the Contractor. Compensation for the described services will be by warrant of the Seattle Public Schools after receipt of services. State Law RCW 42.24.080 forbids prepayment of services. The Contractor must submit an invoice to the originating school or department. The originator must then attach a completed Certification of Services Rendered form to the invoice and submit both to the Accounting Department for payment. The warrant will be issued through the Accounting Department.

Payment to the Contractor. 8.1 The Contract Sum

Payment to the Contractor. Progress payments to the Contractor shall be made within 30 days of a fully executed Pay Estimate pending all compliance with all contractual requirements. The City reserves the right to require Contractor to correct any submitted or paid erroneous invoices according to the rates set forth herein. City and Contractor agree that any amount paid in error by City does not constitute a change in the agreed upon amount; Contractor agrees to issue a refund of any overages paid in error by the City. No payment shall be made to the Contractor, however, until the Contractor and all subcontractors who have performed work shall have filed and received approval of a Statement of Intent to Pay Prevailing Wage as required by RCW 39.12.040 from the Washington State Department a Labor and Industries. Said Contractor and all subcontractors shall also keep accurate payroll records for three years from the date of acceptance as described in RCW 39.12.120. A Contractor and all subcontractors shall, file a copy of its certified payroll records using the Department of Labor and Industries online system on a monthly basis. A Contractor’s noncompliance with this section shall constitute a violation of RCW 39.12.050.

Payment to the Contractor. Upon receipt of the Contractor’s certified monthly estimate and approval by the Engineer, payment will be made, less an amount retained or withheld per provisions included in the Contract. The monthly payments will be approximate only and will be subject to reduction for overpayments or increase for underpayments on preceding payments to the Contractor and to correction in the subsequent estimates and the final estimate and payment process.

Payment to the Contractor. For the Work, the Contractor shall be paid in accordance with the Proposal. The City shall make payments to the Contractor within thirty (30) days after completion of the Work and upon receipt of an invoice in a format approved by the City.

Payment to the Contractor. Progress payments to the Contractor shall be made within 30 days of receipt of the fully executed pay estimate or invoice , as approved by the Owner and as long as all contractual requirements have been met by the Contractor. Every person performing labor or furnishing supplies toward the completion of said improvement of work shall have a lien upon said monies so reserved; provided, that such notice of the lien of such claimant shall be given in the manner provided in 39.08.030 RCW and within the time provided in Chapter 60.28 RCW as now existing and in accordance with any amendments that may hereafter be made thereto. The Contractor shall submit invoices to the Owner covering both professional fees and project expenses, as applicable. The Owner reserves the right to correct any invoices paid in error according to the rates set forth in the specific Job Order. Owner and Contractor agree that any amount paid in error by the Owner does not constitute a rate change in the amount of the contract. The City’s contract/purchase order (PO) number given on the notice to proceed must be referenced on any invoice submitted for payment. DocuSign Envelope ID: 24A04815-0A8A-49BE-806A-8B575F877F4E

Payment to the Contractor i. Normally, the periodicity of payment to the contractor shall be on a calendar month basis. The Contractor shall raise the bill for payment as per the contractual terms & conditions mentioned in the contract, which should be duly certified by the BHEL official in charge of the contract work. In certain cases due to direct association of work with customer project, payment is made after completion of work. In such cases same will be specified in the NIT/enquiry and the agreement entered into post award of job. The Contractor shall raise the bill for payment as per the contractual terms and conditions mentioned in the contract, duly supported by attendance sheet for all the contract labors capturing therein for each of the Contract labour total time engaged during each day on the job and the same to be duly certified by the BHEL official in charge of the contracted work. Contract is to be expressed both in terms of required categories of labour and number of labors against each category to ensure that the contractor discharges all the contractual and statutory obligations in respect of labors engaged on the job. At the same time required output in terms of units, tonnage etc. is also to be stated to correlate achieved output vis-à-vis desired output. Following conditions shall be adhered strict during the contract period: a. In case there is fall in the achieved output vis-à-vis desired output, contractor is to be warned in two spells. b. If the unsatisfactory performance repeats, contract is liable to be short closed. Signature of the contractor ii. The Contractor shall initially pay the wages, and other statutory payments etc., with in the specified time, related to his workmen and then claim bills from BHEL. The contractors would be required to submit their Claims/bills along with the proof of payment of wages, PF, ESI etc., to the respective user departments. The claims/bills will be scrutinized, certified and process for payment by the respective user departments and forwarded to Accounts Department along with HR/IR clearance certificate for effecting payment. iii. The Contractor shall provide two pairs of stitched Uniform to each of his workmen and catering cap as specified by BHEL. The Contractor is required to submit proof of expenditure incurred and acknowledgement from his workmen for providing stitched uniform. If contractor fails to provide the said stitched uniform, Rs.1000/- will be deducted as penalty against each workmen engaged during the ...