Common use of PROGRESS PAYMENT SCHEDULE Clause in Contracts

PROGRESS PAYMENT SCHEDULE. The General Contractor shall prepare and present to the Owner and the designated Professional the General Contractor’s progress payment schedule, apportioning the different elements of the Work for purposes of periodic and final payment. The General Contractor's progress payment schedule shall be presented in the format, and with such detail and supporting information, requested by the Professional or Owner. The General Contractor shall not imbalance or artificially inflate any element of the Progress Payment Schedule. Upon the Professional and Owner’s acceptance, the Progress Payment Schedule shall be used to process and pay the General Contractor’s payment requests. The progress payment schedule shall not be changed without written change order authorized by the Owner.

PROGRESS PAYMENT SCHEDULE. The General Contractor shall prepare and present to the Owner and the designated Professional the General Contractor’s Contractor‟s progress payment schedule, apportioning the different elements of the Work for purposes of periodic and final payment. The General Contractor's progress payment schedule shall be presented in the format, and with such detail and supporting information, requested by the Professional or Owner. The General Contractor shall not imbalance or artificially inflate any element of the Progress Payment Schedule. Upon the Professional and Owner’s Owner‟s acceptance, the Progress Payment Schedule shall be used to process and pay the General Contractor’s Contractor‟s payment requests. The progress payment schedule shall not be changed without written change order authorized by the Owner.