Payments to Trade Contractors Sample Clauses
The "Payments to Trade Contractors" clause outlines the procedures and terms under which trade contractors are compensated for their work on a project. It typically specifies the timing of payments, required documentation such as invoices or progress reports, and any conditions that must be met before payment is released, such as completion of certain milestones or approval by a project manager. This clause ensures that trade contractors are paid fairly and on time, helping to maintain good working relationships and smooth project progress by clearly defining payment expectations and processes.
Payments to Trade Contractors. 4.4.1 Upon award of the Trade Contract, the Construction Manager shall have each Trade Contractor prepare and submit a Schedule of Values allocating that portion of the Construction Cost attributable to its Trade Contract to the various portions of the Work. Each Schedule of Values shall be prepared in a form and substance acceptable to the Construction Manager (which form shall previously have been approved by the Owner) and supported by such data as may be necessary to substantiate its accuracy. The Construction Manager shall develop and implement procedures for the review and processing of applications by Trade Contractors for progress and final payments. Payment packages shall include, but shall not be limited to, each of the following documents: schedule of values, sworn statements, and appropriate Acknowledgements of Payment or other similar waivers and releases of claims.
Payments to Trade Contractors. Develop and implement a procedure for the review, processing and payment of applications by Trade Contractors for progress and final payments. The Construction Manager will pay Trade Contractors the appropriate share of any payment received from the Owner not later than the 10th day after the date such payment is received by the Construction Manager. The foregoing requirement does not apply to any payment withheld because of a bona fide dispute between the Construction Manager and a Trade Contractor.
Payments to Trade Contractors. Develop and implement a procedure reasonably acceptable to Tenant for the review, processing and payment of applications by Trade Contractors for progress and final payments.
Payments to Trade Contractors. Develop and implement a procedure for the review, certification, processing and payment of applications by Trade Contractors for progress and final payments.
3.5.1 Expedite the processing of Trade Contractors’ invoices.
Payments to Trade Contractors. Develop and implement a procedure mutually acceptable to the City for the review, processing and payment of Trade Contractors' applications for progress and final payments consistent with Article 10B, hereafter.
Payments to Trade Contractors. Construction Manager shall develop and implement a procedure for the review, processing, and payment of applications by Trade Contractors for progress and final payments.
Payments to Trade Contractors. Develop and implement a procedure for the review, processing and payment of applications by Trade Contractors for progress and final payments, which procedure shall be satisfactory to Owner.
Payments to Trade Contractors. Upon award of the Trade Contracts, each Trade Contractor will qualify for payments under its contract. Construction Manager, acting as an independent contractor and using its own means and methods will administer payments to the Trade Contractors. District shall make payments for Construction Manager's payment to the Trade Contractors in accordance with the procedure in Exhibit G Payment Schedule, attached hereto and incorporated herein, withholding 10% until final payment, provided that District shall pay Construction Manager amounts payable to the Trade Contractors upon certification by Construction Manager that the money is properly owed and that the Trade Contractor has completed that portion of the work equal to the proportion of money to be paid. The total amount reimbursed by District for each Trade Contractor shall be no more than the amount of the original Trade Contract amount with such Changes as are approved due to changes which result from District initiated changes paid for from the District’s Contingency Fund and/or which are from Changes Due to Unforeseeable Conditions or as approved by District and Construction Manager and paid for from the Construction Contingency Fund. Note: Change request documentation must state whether the change is due to a District initiated change or an unforeseeable condition or other reason. The only basis for any written Change Order in the contract between Construction Manager and District increasing the amount of the payments to Trade Contractors payable by District shall be a Change resulting from the conditions identified in Section 2.11.
Payments to Trade Contractors