Common use of PAYMENTS TO THE ARCHITECT/ENGINEER Clause in Contracts

PAYMENTS TO THE ARCHITECT/ENGINEER. The amounts due shall be paid to the Architect/Engineer on a monthly basis, in proportion to services performed within each Phase of Services as described herein, on the basis set forth in Part XIII. The Architect/Engineer will submit monthly invoices together with a signed state voucher with each request for payment. Payment will be made upon receipt of a properly completed voucher and supporting invoice. If the Owner retains any portion of payment that is properly due and undisputed beyond the time for payment specified herein and for reasons other than those required by statute, the Owner shall owe and pay the Contractor four percent (4%) interest compounded annually on the retained amount starting from the date payment first becomes due under this article. The Architect/Engineer's expenses will not be paid as a separate item.

PAYMENTS TO THE ARCHITECT/ENGINEER. The amounts due shall be paid to the Architect/Engineer on a monthly basis, in proportion to services performed within each Phase of Services as described herein, on the basis set forth in Part XIII. The Architect/Engineer will submit monthly invoices together with a signed state voucher with each request for payment. Payment will be made upon receipt of a properly completed voucher and supporting invoice. If the Owner retains any portion of payment that is properly due and undisputed beyond the time for payment specified herein and for reasons other than those required by statute, the Owner shall owe and pay the Contractor architect/engineer four percent (4%) interest compounded annually on the retained amount starting from the date payment first becomes due under this article. The Architect/Engineer's expenses will not be paid as a separate item.