Common use of Percentage of Completion Clause in Contracts

Percentage of Completion. Applications for payment shall show the percentage of completion of each portion of the Work as of the end of the period covered by the application for payment. The percentage of completion shall be the lesser of (i) the percentage of that portion of the Work which has actually been completed; or (ii) the percentage obtained by dividing (a) the expense that has actually been incurred by the CM/GC on account of that portion of the Work for which the CM/GC has made or intends to make actual payment prior to the next application for payment by (b) the share of the GMP allocated to that portion of the Work in the Schedule of Values.

Percentage of Completion. Applications All applications for payment shall show the percentage of completion of each portion of the Work as of the end of the period covered by the application for payment. The percentage of completion shall be the lesser of (i) the percentage of that portion of the Work which has actually been completed; or (ii) the percentage obtained by dividing (a) the expense that has actually been incurred by the CM/GC on account of that portion of the Work for which the CM/GC has made or intends to make actual payment prior to the next application for payment by (b) the share of the GMP allocated to that portion of the Work in the Schedule of Values.

Percentage of Completion. Applications for payment shall show the percentage of completion of each portion of the Work as of the end of the period covered by the application for payment. The percentage of completion shall be the lesser of (i1) the percentage of that portion of the Work which has actually been completed; or (ii2) the percentage obtained by dividing (a) the expense that has actually been incurred by the CM/GC on account of that portion of the Work for which the CM/GC has made or intends to make actual payment prior to the next application for payment by (b) the share of the GMP allocated to that portion of the Work in the Schedule of Values.

Percentage of Completion. Applications All applications for payment shall show the percentage of completion of each portion of the Work as of the end of the period covered by the application for payment. The percentage of completion shall be the lesser of (i) the percentage of that portion of the Work which has actually been completed; or (ii) the percentage obtained by dividing (a) the expense that has actually been incurred by the CM/GC Contractor on account of that portion of the Work for which the CM/GC Contractor has made or intends to make actual payment prior to the next application for payment by (b) the share of the GMP allocated to that portion of the Work in the Schedule of Values.

Percentage of Completion. Applications In its applications for payment shall payment, Contractor will show the percentage of completion of each portion of the Work as of the end of the period covered by the application for payment. The percentage of completion shall will be the lesser of (i1) the percentage of that portion of the Work which has actually been completed; or (ii2) the percentage obtained by dividing (a) the expense that has actually been incurred by the CM/GC Contractor on account of that portion of the Work for which the CM/GC Contractor has made or intends to make actual payment prior to the next application for payment by (b) the share of the GMP allocated to that portion of the Work in the Schedule of Values.

Percentage of Completion. Applications for payment Payment shall show the percentage of completion of each portion of the Work as of the end of the period covered by the application Application for paymentPayment. The percentage of completion shall be the lesser of (i1) the percentage of that portion of the Work which has actually been completed; completed or (ii2) the percentage obtained by dividing (a) the expense that which has actually been incurred by the CM/GC Construction Manager on account of that portion of the Work for which the CM/GC Construction Manager has made or intends to make actual payment prior to the next application Application for payment Payment by (b) the share of the GMP allocated to that portion of the Work in the Schedule schedule of Valuesvalues.