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5. Application for payment shall be submitted per the provisions of this Section. <br />SCHEDULE OF VALUES AND PAYMENTS <br />A. Submit a detailed Schedule of Values for OWNER and ENGINEER review and <br />approval for the work to be performed on the Project. <br />1. At least 15 days prior to submitting the first request for payment. <br />2. The first request for payment will not be reviewed until the detailed Schedule <br />of Values is approved by the OWNER and ENGINEER. <br />3. Line items in the proposal are to be used as line items in the schedule. <br />4. Payment will be made on the quantity of work completed per Contract <br />Documents during the payment period and as measured per this Section <br />a. Partial payments will be made for lump sum line items in the <br />Proposal. <br />1) Lump sum line items in the Proposal are to be divided to <br />allow easy determination of the percentage of the item that <br />has been completed. <br />(a) Provide adequate detail to allow easy determination <br />of the percentage of work completed for each item. <br />(b) Items, with the exception of equipment packages are <br />not to exceed $50,000.00. <br />(c) Separate product costs and installation costs. <br />(1) Product costs include cost for product, <br />delivery and unloading costs, royalties and <br />patent fees, taxes and other cost paid <br />directly to the supplier or vendor. <br />(2) Installation costs include cost for the <br />supervision, labor and equipment for field <br />fabrication, erection, installation, start-up, <br />initial operation and CONTRACTOR's <br />overhead and profit. <br />(d) Lump sum items may be divided into an estimated <br />number of units. <br />(1) The estimated number of units times the <br />cost per unit must equal the lump sum <br />amount for that line item. <br />(2) CONTRACTOR will receive payment for the <br />entire lump sum item. <br />(e) Include a directly proportional amount of <br />CONTRACTOR's overhead and profit for each line <br />item. <br />(f) Divide principal subcontract amounts into an <br />adequate number of line items to allow <br />determination of the percentage of work completed <br />for each item. <br />2) These line items may be used to establish the value of work <br />to be added or deleted from the Project. <br />City of Paris, Texas 01 22 1 -- Page 2 of 6 Measurement and Payment <br />9/10/2020 <br />