Payment Provisions Overview
After selecting a delivery method and procurement procedure, an agency can choose from a variety of contract payment provisions to align project teams with the overall project goals (see below). This web page provides a series of payment provisions to assist agencies in writing their final contract provisions. The provisions are organized into payment, cost, schedule, quality and traffic categories. For each provision the descriptions provide answers to the following questions.
- What is it?
- Why use it?
- What does it do?
- How to use it?
- When to use it?
- What are the limitations?
- Who uses it?
- Examples