SPB 4 SCHEDULE OF PAYMENTS FOR A/E SERVICES
(a) Schematics. The Government will compensate the A/E for each 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 submittals of an estimate of the
amount and value of the work and services performed. Payment shall be
for the full amount due less any previous payment 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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