Common use of Earned Value Clause in Contracts

Earned Value. Physical progress completed for each activity shall be reported by percentage at each bi-weekly meeting and shall be the basis for calculating the earned value for actual work completed. The earned value for each activity shall be calculated by multiplying the percent complete by the weighted dollar amount for that activity, less any previous earned amounts.

Appears in 6 contracts

Samples: Contract for Sale of Obsolete Vessel, Contract for Sale of Vessel, Sale Agreement

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