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.
Appears in 2 contracts
Sources: Measurement and Payment Agreement, Measurement and Payment Agreement