3-Policy for Payment.pdf

This is a Payment Policy document for Harris County Precinct 2 related to roadway improvements on Avenue G from Texas Avenue to Allen Genoa Road in South Houston. The policy establishes the framework for processing and disbursing payments to the contractor throughout the project execution period. The document outlines the contractor's responsibilities in submitting payment requests, the county's verification procedures, and the timeline for payment processing following completion of work phases and milestone achievements.

The payment policy specifies that contractors must submit itemized invoices with supporting documentation substantiating work completed in accordance with contract specifications and approved plans. Payments are contingent upon satisfactory inspection and approval by the county's project engineer or authorized representative, with funds released within a specified period following invoice acceptance. The policy addresses retainage requirements, final payment conditions, and any applicable deductions or adjustments based on contract performance, change orders, or non-compliance issues. Additionally, the document establishes procedures for dispute resolution regarding payment disagreements and outlines the documentation standards required for all payment requests to ensure compliance with Harris County Precinct 2 procurement policies and applicable Texas regulations.