Examples of Final Payment in a sentence
Provided that such discharge shall become effective only after the payment due has been made in accordance with the Final Payment Certificate issued pursuant to Clause 19.15.
Upon submission of the Final Payment Statement for Works under Clause 19.13, the Contractor shall give to the Authority, with a copy to the Authority’s Engineer, a written discharge confirming that the total of the Final Payment Statement represents full and final settlement of all monies due to the Contractor in respect of this Agreement for all the Works arising out of this Agreement, except for any monies due to either Party on account of any Defect.
For the avoidance of doubt, before issuing the Final Payment Certificate, the Authority’s Engineer shall ascertain from the Authority all amounts previously paid by the Authority and for all sums to which the Authority is entitled, the balance, if any, due from the Authority to the Contractor or from the Contractor to the Authority, as the case may be.
A Claim disputing the amount of Final Payment must be submitted within fourteen (14) Days of the effective date of Final Payment.
This assignment shall be made and become effective at the time City tenders Final Payment to Contractor, without further acknowledgment by the parties.