Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.
Progress Payment means a portion of the Target Award or Actual Award determined in accordance with Section 3.5 that has been earned by the Participant as of the end of the Progress Period, based on achievement of the applicable Performance Goals, and that may be paid to the Participant during the Performance Period.
Progress Payment means a payment that is made against: (a) Successful achievement, certified in writing by the Agency’s representatives, of a milestone defined in the milestone payment plan of a fixed price contract; (b) Cost reports approved by the Agency in a cost reimbursement contract for a period agreed in the Contract.
Examples of Progress Payment in a sentence
Progress payment invoices under this Work Order shall be submitted monthly, with the final invoice submitted within 30 days of Work Order completion.
More Definitions of Progress Payment
Progress Payment means the form accepted by City and used by CM@Risk in requesting progress payments or final payment for Work performed under this Contract, which includes supporting documentation as required by the Contract or City.
Progress Payment means a payment made under the terms of a contract after the performance of the part of the contract in respect of which payment is made but before the performance of the whole contract;
Progress Payment means an award made prior to the full completion of a remediation and may include payments after completion of an emergency action, site investigation, remedia- tion, maintenance or operation, or other points as defined in this chapter.
Progress Payment shall have the meaning given in Section 3.3 of the Supply Agreement.
Progress Payment means any installment of the Contract Price payable as specified herein.
Progress Payment means a payment to which a person is entitled for the carrying out of construction work, or the supply of goods or services, under a contract, and includes —
Progress Payment means any payment to be made under the Sub-contract for construction work carried out or undertaken to be carried out or for related goods and services supplied or undertaken to be supplied under the Sub-contract whether such payment is a single or one-off payment, interim or final payment or is based on an event or date.