Common use of Schedule of Values and Cost Breakdown Clause in Contracts

Schedule of Values and Cost Breakdown. As a condition to payment, the Subcontractor shall provide a schedule of values satisfactory to the Contractor with the Subcontractor’s first invoice. In the event the Contractor elects to terminate for convenience any portion of the Work which falls within the scope of this Agreement, the credit to the Subcontractor shall be determined by first referring to the schedule of values provided by the Subcontractor pursuant to this sub-paragraph. Failure to provide the schedule of values shall be grounds for the Contractor to withhold payment from the Subcontractor.

Schedule of Values and Cost Breakdown. As a condition to payment, the Subcontractor shall provide a schedule of values satisfactory satis- factory to the Contractor with the Subcontractor’s first invoice. In the event the Contractor elects to terminate for convenience any portion of the Work which falls within the scope of this Agreement, the credit to the Subcontractor shall be determined by first referring to the schedule of values provided by the Subcontractor pursuant to this sub-paragraph. Failure to provide the schedule of values shall be grounds for the Contractor to withhold payment from the SubcontractorSubcon- tractor.