Common use of Progress Estimate Clause in Contracts

Progress Estimate. Within ten (10) days following the end of each calendar month, Contractor will prepare on the Districts standard "Application for Payment" Form and deliver to the District a written payment request setting forth Contractor's estimate of the percentage of Work completed during that month and the value of all such Work. In arriving at the value of the Work done, the District will give consideration to the value of labor and materials which have been incorporated into the permanent work, including any and all shop fabrication, by Contractor during the preceding month. Consideration will not be given to preparatory work done or for materials or equipment on hand. In order to assist the Owner, Contractor shall furnish the Owner with copies of invoices for all such items delivered to the job site.