Common use of Periodic Payments Clause in Contracts

Periodic Payments. Payment of fees under Design Orders and CCA Orders may be made monthly with the amount of the payment prorated over the anticipated time required to complete a particular Order, or based upon the percentage of work completed. In no case shall the total of the partial payments for a particular phase exceed the fee established for that Order. The Design Professional shall make payments to its consultants within five (5) business days following receipt of payment from the Owner.

Appears in 18 contracts

Sources: Design Professional Services Contract, Idiq Design Professional Services Contract, Design Professional Services Contract

Periodic Payments. Payment of fees under Design Orders and CCA Orders may be made monthly with the amount of the payment prorated over the anticipated time required to complete a particular Order, or based upon the percentage of work completed. In no case shall the total of the partial payments for a particular phase exceed the fee established for that Order. The Design Professional shall make payments to its consultants within five (5) business days following receipt of payment from the Owner.. SAMPLE

Appears in 1 contract

Sources: Idiq Design Professional Services Contract