Examples of Fixing Stage in a sentence
Fixing Stage – Forth progress payment is 20% of the contract value.
A number of grounds were argued, including whether the payments for the Enclosed Stage and the Fixing Stage constituted “prepayments” and therefor the amount payable under the insurance policy was to be reduced by that amount.
Thus, it was not in issue that the Schneiders had paid to the contractor monies for the contracted works, that being a reference to the two payments for the Enclosed Stage and the Fixing Stage.
The May photographs purported to show completion to the Enclosed Stage; the September photographs purported to show completion to the Fixing Stage.
Conclusion [53] For the reasons given above the Appeal Tribunal was correct to find that the two progress payments, namely $71,225 on 17 June 2015 (based on purported completion to the Enclosed Stage) and $56,980 on 11 September 2015 (based on purported completion to the Fixing Stage), were pre-payments for the purposes of clause 1.6(b) of the statutory insurance policy.
At the time, the prescribed maximum allowable percentage claims for the original contract were Base Stage 10%, Frame Stage 15%; Enclosed Stage 35%; and Fixing Stage 20%.6 Departure from the standard percentages could be achieved by agreement in the way prescribed by regulation, whereby the builder was required to give a detailed notice about the departure from the usual requirements.7 [15] The homeowners deny receiving a document varying the standard percentages.
Griffith in Support of the Debtors’ (I) Opposition to Second-Lien Holders’ Requests to Determine Amount of Second-Lien Secured Claims Under Section 506(A) and Section 507(B) Administrative Claims and (II) Reply in Support of Debtors’ Rule 3012 Motion to Determine the Amount, if any, of 507(B) Claims and to Surcharge Second- Lien Collateral Pursuant to Section 506(C) ¶ 17 n.5, ECF No. 4382 (“Griffith Supp.Declaration”).
Our descriptive evidence on CEOs’ family descent and endowed social status adds to prior work that studies CEOs’ personal characteristics, such as wealth (Liu and Yermack 2012), personality (Kaplan and Sorensen 2017), and individual traits (Adams, Keloharju, and Knüpfer 2018).
Works for which the right to payment has accrued For works in respect of which the right to a progress payment has accrued at the date of termination (e.g. completion of a stage or milestone such as the Fixing Stage referred to in Table 1 above) the court held that the builder was entitled to either a common lawrecovery of a debt due under the contract or, alternatively, damages for breach of contract.
Counsel for the contractor drew attention to the contract definitions of Practical Completion, Enclosed Stage and Fixing Stage, each of which defined the stage but made allowance for ‘minor defects or minor omissions’.