Common use of Progress Narrative Clause in Contracts

Progress Narrative. The ▇▇▇▇ Contractor shall prepare and submit a monthly progress narrative. The progress narrative must summarize the following information: Activity and progress for the Contract, including construction and identification of the start and completion dates of Work.; Problems/issues that arose during the period and remaining problems/issues to be resolved; Resolution of problems/issues raised in previous progress reports or resolved during the period; Critical schedule issues and proposed resolutions, proposal of actions planned to correct any negative float or other schedule slippage, and explanation of potential delays and/or problems and their estimated impact on performance and the completion of the Work; explanations for any changes in the critical path, and Issues which may need CPRA’s Project Manager’s attention or action for the next month, including Design Reviews. Also, existing issues with pending decisions. A record of the allowances and a description of the payments made from each. Future developments and expected achievements. Delays, status and pending decisions. Separate Accounting Narrative – 1) This report should show monthly and job to date progress percent vs. cost percentage on each pay item. 2) Create a report to show current encumbrances and expenditures to the budget allocations in the GMP. This report can be modified at the PM’s discretion and can be submitted at his discretion. However, the contractor must be able to produce the information with 2 days of requesting.