Common use of PROGRESS PAYMENT SCHEDULE Clause in Contracts

PROGRESS PAYMENT SCHEDULE. Within thirty (30) calendar days from issuance of Notice to Proceed and prior to the Contractor’s application for the second progress payment, Contractor shall submit a detailed breakdown of its Contract Price by scheduled Work items and/or activities, including coordination responsibilities and Project Record Document responsibilities. This breakdown shall be referred to as the Schedule of Values. Where more than one Subcontractor comprises the work of a Work item or activity, the Schedule of Values shall show a separate line item for each subcontract. Contractor shall furnish the Schedule of Values of the total Contract Price, by assigning dollar values (cost estimates) to each applicable Master Project Schedule network activity, which cumulative sum equals the total Contract Price. The format and detail of the Schedule of Values shall be as directed by the County to facilitate and clarify future progress payments to Contractor for all Contract Work. No later than the tenth day of each month, Contractor shall submit to County two (2) copies of a payment request for reimbursement of the portion of the Work put in place during the period from the first day to the last day of the previous month. Such requests for progress payments shall be based upon the Schedule of Values prices of all labor and materials incorporated in the Work at any time up to midnight of the last day of the previous month, less the aggregate of previous payments for Contractor’s actual progress measured; and the County’s receipt of P.G.&E’s payment. No progress payment shall be made to Contractor until after the County has received payment from P.G.&E. Payment requests shall include, but are not necessarily limited to, the following: a. Material, equipment and labor incorporated into the Work, less any previous payments for the same; b. Subject to satisfaction of the conditions of P.G.&E, and upon County’s agreement (which County may refuse in its sole discretion), one hundred percent (100%), less five percent (5%) retention; c. Certified payrolls of Contractor and its Subcontractors that bring the employer current as of the time of billing, demonstrating that they have paid the specified general prevailing rate of per diem wages to employees for the proper craft performing portions of the Work that are the subject of the payment request. County or its authorized representative may monitor wage rates and payment of prevailing wages by interviewing workers on the job site. Notice to Proceed 10% Equipment Deposit 20% Progress Payments 55% Substantial Completion 10% Final Completion 5%

PROGRESS PAYMENT SCHEDULE. Within thirty (30) calendar days from issuance of Notice to Proceed and prior to the Contractor’s application for the second progress payment, Contractor shall submit a detailed breakdown of its Contract Price by scheduled Work items and/or activities, including coordination responsibilities and Project Record Document responsibilities. This breakdown shall be referred to as the Schedule of Values. Where more than one Subcontractor comprises the work of a Work item or activity, the Schedule of Values shall show a separate line item for each subcontract. Contractor shall furnish the Schedule of Values of the total Contract Price, by assigning dollar values (cost estimates) to each applicable Master Project Schedule network activity, which cumulative sum equals the total Contract Price. The format and detail of the Schedule of Values shall be as directed by the County to facilitate and clarify future progress payments to Contractor for all Contract Work. No later than the tenth day of each month, Contractor shall submit to County two (2) copies of a payment request for reimbursement of the portion of the Work put in place during the period from the first day to the last day of the previous month. Such requests for progress payments shall be based upon the Schedule of Values prices of all labor and materials incorporated in the Work at any time up to midnight of the last day of the previous month, less the aggregate of previous payments for Contractor’s actual progress measured; and the County’s receipt of P.G.&E’s California Energy Commission (CEC) payment. No progress payment shall be made to Contractor until after the County has received payment from P.G.&E. CEC. Payment requests shall include, but are not necessarily limited to, the following: a. Material, equipment and labor incorporated into the Work, less any previous payments for the same; b. Subject to satisfaction of the conditions of P.G.&Ethe California Energy Commission (CEC) , and upon County’s agreement (which County may refuse in its sole discretion), one hundred percent (100%), less five percent (5%) retention,; c. Certified payrolls of Contractor and its Subcontractors that bring the employer current as of the time of billing, demonstrating that they have paid the specified general prevailing rate of per diem wages to employees for the proper craft performing portions of the Work that are the subject of the payment request. County or its authorized representative may monitor wage rates and payment of prevailing wages by interviewing workers on the job site. Contractor is responsible for submitting on behalf of the County pay request to CEC and provide copies of such documentation to County. Notice to Proceed 10% Equipment Deposit 20% Progress Payments 5550% Substantial Completion 10% Final Completion 510%