Running Account Bill definition
Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.
Running Account Bill means a Bill for the payment of ‘on account’ monies to the contractor in terms of Clause 6.4.1.0 hereof and associated clauses there under.
Running Account Bill means a bill for payment of “on Account’ to the Contractor.
Examples of Running Account Bill in a sentence
No Running Account Bill shall be paid for the work till the applicable labour licenses, registration with EPFO, ESIC and BOCW Welfare Board, whatever applicable are submitted by the contractor to the Engineer-in-Charge.
If there is an addition of work due to Extra Item, deviation in tendered quantities beyond 125%, additional security deposit on extra cost beyond tender cost shall be recovered at the rate of 4% through the Running Account Bill.
More Definitions of Running Account Bill
Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the
Running Account Bill means a bill for the payment to be made to the Contractor on a running account when payment for work is made to him at specified intervals, subject to deductions as per contract and final settlement of the account on completion or determination of his contract.
Running Account Bill means the periodic bills raised by Contractor based on the progress of Services, but shall not include
Running Account Bill means a Bill for the payment “on account” monies to the contractor in terms of Clause 6.4.1.0 hereof and associated clause thereunder.
Running Account Bill means a bill for the payment of "On Account" money to the Contracto r during the progress of wo rk on the bas is of work done and the supply of non-perishable materials to be incorporated in the wo rk.
Running Account Bill means a Bill for the payment of “on account” moneys to the Contractor in terms of Clause 5.4.0 hereof and associated clauses thereunder.
Running Account Bill means a Bill for the payment of ‘on account’ moneys to the Contractor in terms of Clause 5.4.0 hereof and associated causes there under