Progress Payments definition

Progress Payments. County shall make periodic progress payments consist with the Contract Price on the basis of Contractor's Applications for Payments, as provided in paragraph

Progress Payments as used in this clause, means payments made before completion of work in progress under a job order.

Progress Payments means those payments which are not associated with milestone events, as described in Attachment 3.

Examples of Progress Payments in a sentence

• The Contractor shall pay unpaid Subcontractors interest on payments that are not made in accordance with this Article 9.5, Progress Payments.

• The Contractor shall, by an appropriate agreement with each Subcontractor, require each Subcontractor to make payments to his Sub-subcontractors according to all the same requirements as provided in this Article 9.5 Progress Payments.

• If any portion of the excess has been applied to the liquidation of progress payments, then that portion may, instead of being refunded, be added to the unliquidated progress payment account consistent with the Progress Payments clause.

• Past Performance, Current Commitment,Qualification and Experience (appendix –N) 11.1(B) The Bidder shall submit with its Price Bid the following documents:(a) Letter of Price Bid(b) Foreign Currency Requirements (appendix –B)`(c) Price Adjustment under Clause 70 (appendix –C)(d) Bill of Quantities (appendix –D)(e) Estimated Progress Payments (appendix –J)11.2 Joint Venture (JV) of maximum Two (02) firms is admissible meeting the criterion as mentioned in clause 3.1 (a) of Bid Data Sheet.

• Estimated Progress Payments (appendix –J)11.2 Joint Venture (JV) of maximum Two (02) firms is admissible meeting the criterion as mentioned in clause 3.1 (a) of Bid Data Sheet.12.2 Bidders shall offer rates as %age above or below the estimated cost depicted in BOQ.12.4 Price adjustment under clause 70 is not applicable.

More Definitions of Progress Payments

Progress Payments means the payments that become due to the Contractor under Section 9.1 in relation to the Provincial Funding;

Progress Payments means payments for work in place and materials or equipment that have been delivered or are stockpiled in the vicinity of the construction site. This includes payments for undelivered, specifically manufactured equipment if: (1) designated in the specifications, (2) could not be readily utilized or diverted to another job, and (3) a fabrication period of more than 6 months is anticipated.

Progress Payments means payments to reimburse the Sub-Agreement Holder for Eligible Expenditures after they have been incurred,

Progress Payments. Progress payments are unearned cash flow payments authorized and paid at selected training and contract performance benchmarks. Progress payments may be paid after a trainee is enrolled and has completed 8 hours of training (P1), after a trainee has completed training (P2) and when a trainee is placed in qualifying employment with an eligible employer (P3) [New Hire participants only]. Progress payments may not exceed 75% of the cost per trainee based on the hours of training documented at completion of training. Progress payments are not considered earned until the completion of all contract performance requirements and reconciliation of payments at the Fiscal Closeout of the Agreement.

Progress Payments. ’ means payments provided for

Progress Payments. Owner shall make monthly progress payments on account of the Contract Price and as provided in the Contract Documents. All progress payments will be on the basis of the progress of the Work. Owner shall have the right to request and inspect supporting documentation for progress payments, including but not limited to receipts and invoices evidencing payments of charges associated with the Work.

Progress Payments means monthly payments that SHMC is required to make as the Work progresses pursuant to ORS 279C.570(2).