Payment Before Adjustments Clause Samples
The 'Payment Before Adjustments' clause requires that payments be made in full before any adjustments, such as deductions or reconciliations, are calculated or applied. In practice, this means that the paying party must remit the agreed-upon amount upfront, even if there are pending disputes or potential changes to the final sum due. This approach ensures that the recipient receives timely payment and helps prevent delays caused by ongoing negotiations or unresolved issues, thereby maintaining cash flow and reducing administrative complications.
Payment Before Adjustments. The Province will review the Contractor’s Payment Calculation Category A submissions before applying all adjustments by referencing the Schedule 14 (Payment Schedule) and applying the Index Factor in accordance with the Schedule 10 (Index Factor), where applicable.