Periodic Payment Schedule definition
Periodic Payment Schedule or “PPS” means a projection of the monthly payment schedule for the life of the Project, based on the Contractor’s Baseline Project Schedule and the Schedule of Prices with a breakdown of Price Items, Descriptions, and Values of the Work to be provided under the Contract. The PPS’ cumulative value shall not exceed the Total Contract Amount.
Periodic Payment Schedule means the schedule submitted with the Core Systems Contractor’s Proposal and updated prior to first pay request (which schedule may be amended by Change Order) that depicts the planned monthly disbursement of Contract Price. The PPS will be used for comparative assessment to the Schedule of Milestones table and monthly pay requests.
Examples of Periodic Payment Schedule in a sentence
Purchaser agrees to make cash deposits in advance of harvesting to meet charges under BP4.2. BP4.213 Periodic Payment Schedule.