Payment for Project. After Party B finishes the construction design and both parties have verified and approved it, Party A shall pay 5% of the total contract amount to Party B. Within ten days after the contractor begins construction, Party A shall pay 20% of the total price of this contract to Party B. When the work load reaches 50%, Party A shall then pay 60% of the total contract price to Party B to enable Party B to purchase the full set of equipments. Within thirty days after the project is completed and accepted, Party A shall pay 10% of the total price to Party B. The balance which is 5% will be used as the warranty money. The warranty period is one year starting from the day of completion. Within ten days after the one-year warranty period expires, all the remaining sums will be settled once and for all.
Payment for Project. A. The County shall be responsible to request payment, first from LCRBDC, and thereafter from the Town and County in pro rata shares, for payment of claims filed by the contractor and related vendors.
Payment for Project. Lessor agrees to pay up to $2,000,000 to pay for the cost of the Project (excluding the cost of asphalt, which cost Lessee shall pay). Lessor's payments for the cost of the Project shall be paid by Lessor into a construction escrow, no more frequently than once a month, during the course of construction as and when payments are due to the architects, engineers, consultants, contractors, subcontractors, suppliers and others working on the Project. In the event that the cost of the Project exceeds $2,000,000, then Lessee shall be responsible for the payment of any and all such excess costs. The total amount paid by Lessor during each calendar quarter during the course of the Project is hereinafter referred to as the "Total Quarterly Project Payments."
Payment for Project. The Town will make payment to Advanced Excavating & Paving Inc. upon completion, inspection and acceptance of the project. The agreed upon amount to be paid will be $110,897 directly to Advanced Excavating & Paving Inc. Additional amounts may be paid by the Town subject to approved change orders. Contractor must agree to submit invoices electronically to xxxxx@xxxxxxxxxxxx.xxx. Additionally the contract must agree to receive payment via. electronic funds transfer and provide/complete information and documents to allow this to occur. The Town shall pay the Contractor for the work on an agreed upon schedule.
Payment for Project
