Common use of Payments Terms Clause in Contracts

Payments Terms. A. The County shall make payments upon the agreed upon price for a specific JOC Task Order as listed in the Notice to Proceed. The County will make progress payments monthly as the Work proceeds on estimates approved by County Project Manager. The Contractor shall furnish a breakdown of the total Contract price showing the amount included therein for each principal category of the Work, to provide a basis for determining progress payments. The County will only pay for actual Work in place. The format shall be expanded to show percentage and cost of work completed for each application, total percentage and cost completed to date, and balance of percentage and cost remaining for each cost code of the sixteen-division format. Round all figures to the nearest dollar.

Payments Terms. A. The County shall make payments upon the agreed upon price for a specific JOC Task Order as listed in the Notice to Proceed. The County will make progress payments monthly as the Work proceeds on estimates approved by County Project Manager. The Contractor shall furnish a breakdown of the total Contract price showing the amount included therein for each principal category of the Work, to provide a basis for determining progress payments. The County will only pay for actual Work in place. The format shall be expanded to show percentage and cost of work completed for each application, total percentage and cost completed to date, and balance of percentage and cost remaining for each cost code of the sixteen-sixteen division format. Round all figures to the nearest dollar.