Contract Milestone definition

Contract Milestone means a specified milestone date in the Contract by which the Contractor is required to complete a designated portion or segment of the Work. “Contract Milestone” includes but is not limited to dates established for Substantial Completion of all or a designated portion or segment of the Work.
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Contract Milestone means any requirement in the Contract Documents that reflects a planned point in time for the start or completion of a portion of the Work measured from i) the date of the Notice to Proceed or ii) the date of another Contract Milestone defined in the Contract Documents, as applicable.
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Contract Milestone means a specified milestone date in the Contract by which the Contractor is required to complete a designated portion or segment of the Work.
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Examples of Contract Milestone in a sentence

  • Once approved by the Engineer, the Contractor may incorporate the changes in the next Contract Progress Schedule/Monthly Update with the affected activities clearly identified and explained in the Schedule Narrative.Except as otherwise designated by a Contract Modification, no Contract Progress Schedule that extends performance beyond the Contract Time and/or beyond any Contract Milestone shall be approved by the Engineer.

  • Except as otherwise designated by a Contract Modification, no Contract Progress Schedule that extends performance beyond the Contract Time and/or beyond any Contract Milestone shall be approved by the Engineer.

  • The Contract Schedule shall be based on and incorporate the Contract Milestone and Completion Dates specified in the OWNER- CONTRACTOR Agreement and shall show the order in which CONTRACTOR shall perform the Work, projected dates for the start and completion of separable portions of the work, and any other information concerning CONTRACTOR'S Work scheduling as Owner may request.

  • Contract Milestone - A principal event specified in the Contract Documents relating to an intermediate completion date of a portion of the WORK, or a period of time within which the portion of the WORK should be performed prior to Substantial Completion of all the WORK.

  • To the extent that a failure or inability of Supplier to meet a Contract Milestone is a direct result of a Force Majeure Event or Spark’s breach of contract or negligence, Supplier will be entitled to a reasonable extension of time for that Contract Milestone and any other Contract Milestones that are similarly affected.

  • The term “Contract Milestone” means any requirement in the Contract Documents that reflects a planned point in time for the start or completion of a portion of the Work measured from I) the date of the Notice to proceed or ii) the date of another Contract Milestone defined in the contract Documents, as applicable.

  • For the period of time that any portion of the work remains unfinished after the time fixed for completion of any Work Item or Contract Milestone as specified in the CONTRACT TIME Section (01 14 20), as modified by extensions of time, it is understood and agreed that liquidated damages are due.

  • Without limiting any other rights or remedies Spark may have, if a Stage fails its Acceptance Tests a second time after being resubmitted under clause 27.4(b), Supplier will be deemed to have missed a Contract Milestone and failed to remedy the delay within the Milestone Remedy Period, and Spark will be entitled to terminate under clause 26.4 accordingly.

  • Do not close Phase 1 until 10 business days after Approve Contract (Milestone 500).

  • The term “Contract Milestone” means any requirement in the Contract Documents that reflects a planned point in time for the start or completion of a portion of the Work measured from i) the date of any of the Notices to Proceed or ii) the date of another Contract Milestone defined in the Contract Documents, as applicable.


More Definitions of Contract Milestone

Contract Milestone means the events and/or tasks described under 'Key Milestones' in the Statement of Requirements which, if applicable, must be completed by the relevant Milestone Date;
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Contract Milestone means the date(s) identifying a major event in the Construction Schedule used to monitor the progress of the Work. The milestones shall be identified with zero duration.
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Contract Milestone or "Milestone" means an established event or occurrence that is a key element of the Critical Path Schedule as specified in Section 205 of this Agreement.
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Related to Contract Milestone

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Development Milestone is defined in Section 5.3.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Milestone Event has the meaning set forth in Section 8.2.1.

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Milestone Events has the meaning set forth in Section 7.2.

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Milestone Notice has the meaning set forth in Section 2.4(a).

  • Milestone Payment has the meaning set forth in Section 4.2.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Product Schedule means the “Product Schedule” that forms part of the Contract.

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

  • Development Schedule shall have the meaning set forth in Section 1.1.

  • Project Deliverables means the Project deliverables set out in Schedule 2. Project Material means all the material including but not limited to documents, computer software, and data stored by any means which is created by the Fellow in the course of undertaking the Project.

  • Service Level Agreement (SLA) means the Contractual Commitment that prevails between the Buyer and the Service Provider with regard to type of service to be provided, deliverables, desired performance level, reliability and responsiveness, monitoring process and service level reporting, response and issue resolution time-frame, repercussions / penalties / remedies for service provider not meeting its commitment. The SLA of a particular contract may carry the matrix regarding the delivery of the goods and/or services and the corresponding penalties or remedies and liquidated damages as applicable.

  • Design Criteria Package means concise, performance-oriented drawings or specifications for a public construction project. The purpose of the Design Criteria Package is to furnish sufficient information to permit Design-Build Firms to prepare a bid or a response to the District’s Request for Proposals, or to permit the District to enter into a negotiated Design- Build Contract. The Design Criteria Package must specify performance- based criteria for the public construction project, including the legal description of the site, survey information concerning the site, interior space requirements, material quality standards, schematic layouts and conceptual design criteria of the project, cost or budget estimates, design and construction schedules, site development requirements, provisions for utilities, stormwater retention and disposal, and parking requirements applicable to the project. Design Criteria Packages shall require firms to submit information regarding the qualifications, availability, and past work of the firms, including the partners and members thereof.

  • PSR means the European Union (Payment Services) Regulations 2018 and any law that amends or replaces them. Some Terms and Conditions are written to make clear they apply only if PSR applies to the Account. For example, PSR applies to accounts where the customer uses the account for payment transactions and can place, transfer or withdraw funds without any restriction. We call such accounts PSR regulated;