A payment plan agreement outlines an installment plan to repay an outstanding balance over a specified time frame. If the SOW does not specify a payment schedule, Contractor will invoice NYU on a monthly basis.A contractor payment agreement lays out the cost, payment deadline, and scope of a project and provides legal protections for both contractor and customer. Summary of Pennsylvania Prompt Payment requirements and laws for Pennsylvania construction projects including free forms, FAQs, resources and more. Use our free payment plan agreement form to spell out all the terms and conditions of a loan if you need to establish a payment schedule with someone. Our general contractor agreement (cost plus fee) template helps reimburse contractors for the actual costs of construction work. Summary of Pennsylvania Prompt Payment requirements and laws for Pennsylvania construction projects including free forms, FAQs, resources and more. This is common when a debtor is unable to pay the total in a single payment. An independent contract agreement helps to lay out work schedules, payment terms, and other essential details. The Agreement will need to be managed to ensure that PennDOT receives the work and services and the consultant receives payment as outlined in the contract.