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Contract - Guaranteed Energy Savings Proj No 124-015 - Veregy
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Contract - Guaranteed Energy Savings Proj No 124-015 - Veregy
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12/10/2024 2:13:01 PM
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12/10/2024 2:12:38 PM
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Board of Public Works
Document Type
Permit Applications
Document Date
12/10/2024
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<br />25 <br /> <br />ATTACHMENT C: PAYMENT SCHEDULE <br /> <br />1. The following are the payment schedules for the project. <br /> <br />Construction of the Project <br />The project shall be invoiced on a monthly basis for the work completed and equipment ordered for the project. These <br />progress invoices shall be submitted on the last day of each month. All invoices shall be billed as net thirty (30) days. <br /> <br />A mobilization fee will be due upon contract execution for 10% of the contract price. <br /> <br />Measurement & Verification <br />Measurement and Verification will be invoiced annually following the 5th year of the contract. A proposal for these services <br />will be provided during year 4. <br /> <br />Ongoing Services <br />Ongoing Services will be invoiced annually. All invoices shall be billed as net thirty (30) days. <br /> <br /> <br />
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