Advanced Payment Increases Sample Clauses

The Advanced Payment Increases clause establishes the conditions under which the amount of an advance payment may be raised during the course of a contract. Typically, this clause outlines the triggers for such increases, such as changes in project scope, cost escalations, or mutually agreed adjustments between the parties. By specifying when and how advance payments can be increased, the clause ensures that the contractor or supplier has sufficient funds to cover additional expenses, thereby reducing the risk of project delays or financial shortfalls.