Final oplc payment rate4/20/2023 ![]() ![]() However, the consultant will be paid at least $ (13) per month regardless of the amount of time spent in accordance with this agreement. Payment to Consultant The consultant will be paid at the rate of $ (11) per (12) for work performed in accordance with this agreement. ![]() Payment will be processed promptly upon receipt and approval by the TOWN of the invoice. Unless otherwise specified, the CONTRACTOR shall submit an itemized invoice to the TOWN by the end of the month during which SERVICES are performed. Payment to Contractor The TOWN agrees to pay at the rates specified for SERVICES satisfactorily performed in accordance with this contract. The Application for Payment for such final payment submitted by Contractor must be accompanied by (i) a full Lien waiver and release from Contractor that is applicable to all of the Work performed through Final Completion, conditioned solely on receipt of such final payment, and (ii) a full Lien waiver and release from each Subcontractor for all Work performed through Final Completion under a Contractor Subcontract with an aggregate value equal to or exceeding three million dollars ($3,000,000), in each case in the forms attached hereto as Appendix R-11. PSGC shall not be required to make such final payment of Compensation to Contractor until the Final Completion Date occurs and Contractor has delivered all items and satisfied all conditions required under Section 6.5. To the extent that there is a differential between such total amounts, Contractor shall, as appropriate, refund such differential amount to PSGC or submit an Application for Payment to PSGC for such differential amount, by way of request for final payment for Work performed through the Final Completion Date. Within thirty (30) Days after the Final Completion Date, Contractor shall submit a reconciliation to PSGC which shows (a) all Reimbursable Costs and Fee Installments to which Contractor is entitled for Work performed through the Final Completion Date and (b) all Reimbursable Costs and Fee Installments previously received by Contractor for Work performed through the Final Completion Date. Any payment, final or otherwise, shall not release the Contractor or his sureties from any obligations under the Contract or the performance bond and payment bonds.įinal Payment to Contractor. ![]() The acceptance by the Contractor of final payment shall constitute a release and waiver of any and all rights and privileges under the terms of the Contract, and shall relieve the Village from any and all claims or liabilities for anything done or furnished relative to the work or for any act or neglect on the part of the Village relating to or connected with the Contract. No final payment shall become due and owing, however, unless and until Contractor shall completely repaired or replaced, at no expense to the Village, any damage to existing buildings, paving, landscaping, streets, drives, utilities, or other Village property arising during the performance of the work or incidental thereto caused by Contractor, any Subcontractors, material suppliers, or others performing work on behalf, or at the request, of Contractor. ![]() Final Payment to Contractor. Upon completion of the work and approval by the Village, and upon receipt and approval of all closeout submittals required under the Contract and original final waiver(s) of lien, the Village will pay the Contractor the final payment within thirty (30) calendar days thereafter. ![]()
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