SPB 4
SCHEDULE OF PAYMENTS FOR A/E SERVICES
(a) Design Development Documents. The Government will compensate the A/E for
such phase of the work and in the amount stated as outlined in this article SPB-1,
above on a monthly payment basis except as otherwise stated below. The amount due
will be determined by the A/E's submittal of an estimate of the amount and value of
the work and services performed. Payments shall be for the full amount due less any
previous payments and will be based upon the Contracting Officer's review and
approval of the A/E's invoice. Invoices shall be prepared and submitted in accordance
with CP-3.
(b) Reduction of Payments. Should the A/E fail to meet the contractual design
schedule or should he submit incomplete or unsatisfactory review material the
Contracting Officer shall omit or reduce the payments until the deficiency has been
remedied. The withholding of any amount and subsequent payment thereof to the A/E
shall not constitute a waiver of any rights accruing to the A/E or the Government
under this contract or at law.
(c) Final Payment. Upon completion and acceptance of the work under this contract,
delivery of all required documents and delivery of an executed Release
of Claims (Attachment II), the A/E will be paid the unpaid balance.
(d) Release of Claims (Attachment II). Prior to the Final Payment under this
contract or prior to settlement upon termination of the contract, and as a condition
precedent thereto, the A/E shall execute and deliver to the Contracting Officer, a
release of all claims against the Government arising under or by virtue of this
contract, other than such claims, if any, as may be specifically excepted by the A/E
from the operation of the release in stated amounts to be set forth therein.
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