3-Policy for Payment.pdf

This is a Payment Policy document for Harris County Precinct 4's construction project involving the renovation and construction of restrooms, concession stands, and interior improvements at Katy Park Sports Complex in Texas. The policy establishes the payment procedures and terms for contractors executing this construction work, outlining the mechanisms by which the contractor will receive compensation for completed work and materials supplied during the project execution phase.

The policy document details payment requirements including submission procedures, invoice documentation standards, and conditions that must be satisfied before payment release. It specifies the approval workflow, timeline expectations for payment processing, and any conditions related to retainage or holdback amounts that may be withheld from invoices. The document establishes clear guidelines to ensure compliance with county procedures and protects both the contractor's interests and the government entity's financial controls throughout the construction project duration.