TranSystems Corporation - LGM Construction

C-1-1
Exhibit C-1
to that certain
Construction Agreement
between
Federal Express Corporation
("FedEx")
and
________________________
("Contractor")
CONTRACTOR’S FEE PAYMENT PROCEDURES
FedEx shall make progress payments to Contractor in accordance with the following procedure:
(i) On or before the 7 th day of each calendar month during the performance of the
Work, or the next working day if the 7 th day is a Saturday, Sunday or Legal
Holiday, Contractor shall submit to FedEx an Application for Payment in the form
of Exhibit C-2,
based on portions of the Work completed during the preceding
month.
(ii) Contractor shall accompany each Application for Payment with:
(A) a Partial Waiver of Mechanics' and Materialmen's Lien in the form of
Exhibit C-3, in the case of all applications for payment other than the
Final Payment, and a Waiver of Mechanics' and Materialmen's Lien in the
form of Exhibit C-4,
in the case of the application for the Final Payment;
(B) the schedule comparison required by virtue of Section 3.05 of the
Agreement;
(C) a schedule ("Subcontractor Payment Schedule") itemizing the amounts
that Contractor intends to pay to Subcontractors out of the progress
payment for which it has submitted the Application for Payment;
(D) a list of all Subcontracts Contractor executed during the previous month,
together with a copy of each of those Subcontracts;